Unit |
3-4: Markets, Prices, and Competition |
Title |
Opening a Business (5 - 7 days) |
Objective |
Students will understand what is involved in opening their own business from the financing to the advertising to inventory to staffing. |
Resources |
Wiki: Opening Your First Business
Worksheet: Opening Your Own Business
|
Activity |
Students will come up with an idea to create their own business. They will be guided through the process of opening the business which will include advertising, finding a storefront, staffing employees, buying inventory, and attracting investment. They will go to the computer lab to enter their project into a collaborative website (wiki). Once their project is complete, they will play the role of an investor and choose another project to invest their money in. |
Evaluation |
At the conclusion of the project, students will receive a major grade on their wiki page. They also will have peer review in the form of feedback as they vote on other students projects. |
TEKS |
16C, 23A, 23B, 22D, Ongoing Unit: 23A, 23B, 22A, 22B
Also refer to Texas HB 492
from 2005
|
Bloom's
Taxonomy |
>>>>Creating -- can the student create new product or point of view?
ex: assemble, construct, create, design, develop, formulate, write
Evaluating -- can the student justify a stand or decision?
ex: appraise, argue, defend, judge, select, support, value, evaluate
Analyzing -- can the student distinguish between the different parts?
ex: appraise, compare, contrast, criticize, differentiate, discriminate, distinguish, examine, experiment, question, test
Applying -- can the student use the information in a new way?
ex: choose, demonstrate, dramatize, employ, illustrate, interpret, operate, schedule, sketch, solve, use, write
Understanding -- can the student explain ideas or concepts?
ex:classify, describe, discuss, explain, identify, locate, recognize, report, select, translate, paraphrase
Remembering -- can the student recall or remember the information?
ex: define, duplicate, list, memorize, recall, repeat, reproduce state |
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