Business Basics
Grade 6•45 minutes•I can identify basic elements of a business.
Learning Objective
I can describe the basic parts of a business and why they are important.
Practice Questions
This lesson includes 7 practice questions to reinforce learning.
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1. What are the three main groups of people (stakeholders) involved in a business, and what is one thing each group does?
2. Explain why it is important for a business to make a profit. What could happen if a business consistently loses money?
3. Imagine you and your friends want to start a business selling custom-designed football (soccer) jerseys. Describe one task that each of the three main stakeholder groups (owners, managers, workers) would need to do to make the business successful.
...and 4 more questions
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