#1 Forms of Business Ownership

Preview:  Click on this link to see the 29 course standards that we will be covering this course.

Standard 1:  Identify the forms of business ownership (such as sole proprietorship, partnership and corporation).  Compare the advantages and disadvantages of each; explore at least four ways to start a business as part of a class discussion.

Brainstorm:  Let's list some potential business ventures.

I'm sure we'd all agree that businesses are very different.  Watch this video to learn about basic organizational structures of businesses.

Assignments:

1.  Read textbook pages 784-790 to complete graphic organizers.

Marketing Case Study:
2.  Read the case study titled "Flat-Rate Shipping from the U.S. Postal Service" (page 787)

3.  Discuss the advantages and disadvantages of a flat-rate shipping method for entrepreneurs, especially for planning a partnership business.

Review Key Concepts
4.  (Textbook page 791)  Answer questions 1,2,3,5 on a sheet of paper.  Turn in by the end of the period.

Quizlet Flash Card Review

Use the flash cards and games (Scatter and Gravity) to review concepts learned about different types of ownership to prepare for a quiz next class period.  (If you do not have a quizlet account, create one using your Google account.) 

Closure:

Find a First-Grade Student

Have students orally describe a concept, procedure, or skill in terms so simple that a child in first grade would get it.