Business Name
Proprietors:
Date
Period
Chapter 1
Photo of Business
• Map- location of business
Business
• Address
• Phone: 555-555-1234
• Fax: 555-555-1235
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
Advantages
Disadvantages
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