Business Name Proprietors: Date Period
Chapter 1
Photo of Business Map- location of business
Business Address Phone: Fax:
Three economic Questions List and answer questions
Factors of Production List and illustrate the factors of production used in your business
Scarce Resources List all the resources needed to open your business ( everything you will need)
Goods or services Statement of what you plan to provide in the marketplace
Circular Flow Chart with your business Explain and show where your business is on this chart
Production Possibilities Curve Place your alternatives, inefficiency and growth on the PPF ( what is product A and B, etc…)
Chapter 2
Economic system explained with advantages and disadvantages AdvantagesDisadvantages
Business economic and social goals Read chapter 2 section two of the book for better understanding.
Role of Consumer in your business
Role of Government in your business
Chapter 3
Form of business organization Advantages Disadvantages
Monthly Business statement Use the book figure 3.4 to help you do this part
Chapter 4
Law of Demand Demand schedule for your business Demand curve for your business
Business elasticity Explain the elasticity of your business demanded by the public
Chapter 5 Role of Entrepreneur in your business
Law of Supply Supply Schedule Supply curve for your business
Supply Elasticity Explain the elasticity of the supply from your business
Three Stages of Production Explain the three stages of production for your business
Cost, Revenue, and Profit Maximization Schedule Explain the cost, revenue and profit maximization place on the chart for your business and why that is the best place.
Chapter 6
Market demand and supply for business Market demand and supply schedule: Market demand and supply curve: ( show eq, surplus, and shortage)
Chapter 7
Market structure How does your business compete Who are your competitors?
Market Externalities Negative externalities Positive Externalities
Chapter 8
What is the role of government in your business? Explain how the government is involved in your business
Government (these can be website lists) Laws governing your business
Traditional theory of Wages Explain the theory of wages and how that will apply in your company
Chapter 9
Taxes List and explain all of the taxes you will have to pay Licenses you may have to pay
Profit Statement Total loan amount Current interest rate Total costs of borrowing the money Total revenues you expect Total estimated profit Per day Per month Per year Per person
Bibliography