Difference between revisions of "AY Honors/Business/Requirements"
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<section begin=Body /> | <section begin=Body /> | ||
| − | <b>1. <section begin=req1 /><noinclude><translate></noinclude>Define the following terms: | + | <b>1. <section begin=req1 /><noinclude><translate><!--T:1--> |
| + | </noinclude>Define the following terms: | ||
<noinclude></translate></noinclude><section end=req1 /></b> | <noinclude></translate></noinclude><section end=req1 /></b> | ||
| − | :<b>a. <section begin=req1a /><noinclude><translate></noinclude>Break Even | + | :<b>a. <section begin=req1a /><noinclude><translate><!--T:2--> |
| + | </noinclude>Break Even | ||
<noinclude></translate></noinclude><section end=req1a /></b> | <noinclude></translate></noinclude><section end=req1a /></b> | ||
| − | :<b>b. <section begin=req1b /><noinclude><translate></noinclude>Business | + | :<b>b. <section begin=req1b /><noinclude><translate><!--T:3--> |
| + | </noinclude>Business | ||
<noinclude></translate></noinclude><section end=req1b /></b> | <noinclude></translate></noinclude><section end=req1b /></b> | ||
| − | :<b>c. <section begin=req1c /><noinclude><translate></noinclude>Business Plan | + | :<b>c. <section begin=req1c /><noinclude><translate><!--T:4--> |
| + | </noinclude>Business Plan | ||
<noinclude></translate></noinclude><section end=req1c /></b> | <noinclude></translate></noinclude><section end=req1c /></b> | ||
| − | :<b>d. <section begin=req1d /><noinclude><translate></noinclude>Capital | + | :<b>d. <section begin=req1d /><noinclude><translate><!--T:5--> |
| + | </noinclude>Capital | ||
<noinclude></translate></noinclude><section end=req1d /></b> | <noinclude></translate></noinclude><section end=req1d /></b> | ||
| − | :<b>e. <section begin=req1e /><noinclude><translate></noinclude>Distribution | + | :<b>e. <section begin=req1e /><noinclude><translate><!--T:6--> |
| + | </noinclude>Distribution | ||
<noinclude></translate></noinclude><section end=req1e /></b> | <noinclude></translate></noinclude><section end=req1e /></b> | ||
| − | :<b>f. <section begin=req1f /><noinclude><translate></noinclude>Interest | + | :<b>f. <section begin=req1f /><noinclude><translate><!--T:7--> |
| + | </noinclude>Interest | ||
<noinclude></translate></noinclude><section end=req1f /></b> | <noinclude></translate></noinclude><section end=req1f /></b> | ||
| − | :<b>g. <section begin=req1g /><noinclude><translate></noinclude>Micro business | + | :<b>g. <section begin=req1g /><noinclude><translate><!--T:8--> |
| + | </noinclude>Micro business | ||
<noinclude></translate></noinclude><section end=req1g /></b> | <noinclude></translate></noinclude><section end=req1g /></b> | ||
| − | :<b>h. <section begin=req1h /><noinclude><translate></noinclude>Price | + | :<b>h. <section begin=req1h /><noinclude><translate><!--T:9--> |
| + | </noinclude>Price | ||
<noinclude></translate></noinclude><section end=req1h /></b> | <noinclude></translate></noinclude><section end=req1h /></b> | ||
| − | :<b>i. <section begin=req1i /><noinclude><translate></noinclude>Product | + | :<b>i. <section begin=req1i /><noinclude><translate><!--T:10--> |
| + | </noinclude>Product | ||
<noinclude></translate></noinclude><section end=req1i /></b> | <noinclude></translate></noinclude><section end=req1i /></b> | ||
| − | :<b>j. <section begin=req1j /><noinclude><translate></noinclude>Production | + | :<b>j. <section begin=req1j /><noinclude><translate><!--T:11--> |
| + | </noinclude>Production | ||
<noinclude></translate></noinclude><section end=req1j /></b> | <noinclude></translate></noinclude><section end=req1j /></b> | ||
| − | :<b>k. <section begin=req1k /><noinclude><translate></noinclude>Profit | + | :<b>k. <section begin=req1k /><noinclude><translate><!--T:12--> |
| + | </noinclude>Profit | ||
<noinclude></translate></noinclude><section end=req1k /></b> | <noinclude></translate></noinclude><section end=req1k /></b> | ||
| − | :<b>l. <section begin=req1l /><noinclude><translate></noinclude>Promotion | + | :<b>l. <section begin=req1l /><noinclude><translate><!--T:13--> |
| + | </noinclude>Promotion | ||
<noinclude></translate></noinclude><section end=req1l /></b> | <noinclude></translate></noinclude><section end=req1l /></b> | ||
| − | :<b>m. <section begin=req1m /><noinclude><translate></noinclude>Service | + | :<b>m. <section begin=req1m /><noinclude><translate><!--T:14--> |
| + | </noinclude>Service | ||
<noinclude></translate></noinclude><section end=req1m /></b> | <noinclude></translate></noinclude><section end=req1m /></b> | ||
| − | :<b>n. <section begin=req1n /><noinclude><translate></noinclude>Target market | + | :<b>n. <section begin=req1n /><noinclude><translate><!--T:15--> |
| + | </noinclude>Target market | ||
<noinclude></translate></noinclude><section end=req1n /></b> | <noinclude></translate></noinclude><section end=req1n /></b> | ||
| − | <b>2. <section begin=req2 /><noinclude><translate></noinclude>Describe three ways in which a business may be conceived. | + | <b>2. <section begin=req2 /><noinclude><translate><!--T:16--> |
| + | </noinclude>Describe three ways in which a business may be conceived. | ||
<noinclude></translate></noinclude><section end=req2 /></b> | <noinclude></translate></noinclude><section end=req2 /></b> | ||
| − | <b>3. <section begin=req3 /><noinclude><translate></noinclude>Explain the benefits of having a management team in a business (note that one person might adopt all these roles in a small/micro business). | + | <b>3. <section begin=req3 /><noinclude><translate><!--T:17--> |
| + | </noinclude>Explain the benefits of having a management team in a business (note that one person might adopt all these roles in a small/micro business). | ||
<noinclude></translate></noinclude><section end=req3 /></b> | <noinclude></translate></noinclude><section end=req3 /></b> | ||
| − | <b>4. <section begin=req4 /><noinclude><translate></noinclude>List ways that a business’s product/service may be promoted. | + | <b>4. <section begin=req4 /><noinclude><translate><!--T:18--> |
| + | </noinclude>List ways that a business’s product/service may be promoted. | ||
<noinclude></translate></noinclude><section end=req4 /></b> | <noinclude></translate></noinclude><section end=req4 /></b> | ||
| − | <b>5. <section begin=req5 /><noinclude><translate></noinclude>Show how you determine: | + | <b>5. <section begin=req5 /><noinclude><translate><!--T:19--> |
| + | </noinclude>Show how you determine: | ||
<noinclude></translate></noinclude><section end=req5 /></b> | <noinclude></translate></noinclude><section end=req5 /></b> | ||
| − | :<b>a. <section begin=req5a /><noinclude><translate></noinclude>Price of the product | + | :<b>a. <section begin=req5a /><noinclude><translate><!--T:20--> |
| + | </noinclude>Price of the product | ||
<noinclude></translate></noinclude><section end=req5a /></b> | <noinclude></translate></noinclude><section end=req5a /></b> | ||
| − | :<b>b. <section begin=req5b /><noinclude><translate></noinclude>Break-even point | + | :<b>b. <section begin=req5b /><noinclude><translate><!--T:21--> |
| + | </noinclude>Break-even point | ||
<noinclude></translate></noinclude><section end=req5b /></b> | <noinclude></translate></noinclude><section end=req5b /></b> | ||
| − | :<b>c. <section begin=req5c /><noinclude><translate></noinclude>Profit/loss | + | :<b>c. <section begin=req5c /><noinclude><translate><!--T:22--> |
| + | </noinclude>Profit/loss | ||
<noinclude></translate></noinclude><section end=req5c /></b> | <noinclude></translate></noinclude><section end=req5c /></b> | ||
| − | <b>6. <section begin=req6 /><noinclude><translate></noinclude>Discuss ways in which the profits of a company can be used. | + | <b>6. <section begin=req6 /><noinclude><translate><!--T:23--> |
| + | </noinclude>Discuss ways in which the profits of a company can be used. | ||
<noinclude></translate></noinclude><section end=req6 /></b> | <noinclude></translate></noinclude><section end=req6 /></b> | ||
| − | <b>7. <section begin=req7 /><noinclude><translate></noinclude>Brainstorm at least 4 ideas for small business that can be conducted by Pathfinders in your club or youth in your church. Evaluate the strengths, weaknesses, opportunities, and threats associated with each of them. | + | <b>7. <section begin=req7 /><noinclude><translate><!--T:24--> |
| + | </noinclude>Brainstorm at least 4 ideas for small business that can be conducted by Pathfinders in your club or youth in your church. Evaluate the strengths, weaknesses, opportunities, and threats associated with each of them. | ||
<noinclude></translate></noinclude><section end=req7 /></b> | <noinclude></translate></noinclude><section end=req7 /></b> | ||
| − | <b>8. <section begin=req8 /><noinclude><translate></noinclude>Develop a business plan for at least one of your ideas from #7 above. Include the following in the plan: | + | <b>8. <section begin=req8 /><noinclude><translate><!--T:25--> |
| + | </noinclude>Develop a business plan for at least one of your ideas from #7 above. Include the following in the plan: | ||
<noinclude></translate></noinclude><section end=req8 /></b> | <noinclude></translate></noinclude><section end=req8 /></b> | ||
| − | :<b>a. <section begin=req8a /><noinclude><translate></noinclude>Description of business | + | :<b>a. <section begin=req8a /><noinclude><translate><!--T:26--> |
| + | </noinclude>Description of business | ||
<noinclude></translate></noinclude><section end=req8a /></b> | <noinclude></translate></noinclude><section end=req8a /></b> | ||
| − | :<b>b. <section begin=req8b /><noinclude><translate></noinclude>Capital needed and the source of the capital | + | :<b>b. <section begin=req8b /><noinclude><translate><!--T:27--> |
| + | </noinclude>Capital needed and the source of the capital | ||
<noinclude></translate></noinclude><section end=req8b /></b> | <noinclude></translate></noinclude><section end=req8b /></b> | ||
| − | :<b>c. <section begin=req8c /><noinclude><translate></noinclude>Price of the product/service | + | :<b>c. <section begin=req8c /><noinclude><translate><!--T:28--> |
| + | </noinclude>Price of the product/service | ||
<noinclude></translate></noinclude><section end=req8c /></b> | <noinclude></translate></noinclude><section end=req8c /></b> | ||
| − | :<b>d. <section begin=req8d /><noinclude><translate></noinclude>Target market | + | :<b>d. <section begin=req8d /><noinclude><translate><!--T:29--> |
| + | </noinclude>Target market | ||
<noinclude></translate></noinclude><section end=req8d /></b> | <noinclude></translate></noinclude><section end=req8d /></b> | ||
| − | :<b>e. <section begin=req8e /><noinclude><translate></noinclude>Promotional method | + | :<b>e. <section begin=req8e /><noinclude><translate><!--T:30--> |
| + | </noinclude>Promotional method | ||
<noinclude></translate></noinclude><section end=req8e /></b> | <noinclude></translate></noinclude><section end=req8e /></b> | ||
| − | :<b>f. <section begin=req8f /><noinclude><translate></noinclude>Sales location | + | :<b>f. <section begin=req8f /><noinclude><translate><!--T:31--> |
| + | </noinclude>Sales location | ||
<noinclude></translate></noinclude><section end=req8f /></b> | <noinclude></translate></noinclude><section end=req8f /></b> | ||
| − | :<b>g. <section begin=req8g /><noinclude><translate></noinclude>Expected gains | + | :<b>g. <section begin=req8g /><noinclude><translate><!--T:32--> |
| + | </noinclude>Expected gains | ||
<noinclude></translate></noinclude><section end=req8g /></b> | <noinclude></translate></noinclude><section end=req8g /></b> | ||
| − | :<b>h. <section begin=req8h /><noinclude><translate></noinclude>Dissemination of profit | + | :<b>h. <section begin=req8h /><noinclude><translate><!--T:33--> |
| + | </noinclude>Dissemination of profit | ||
<noinclude></translate></noinclude><section end=req8h /></b> | <noinclude></translate></noinclude><section end=req8h /></b> | ||
<section begin=challenge /> | <section begin=challenge /> | ||
| − | <b>9. <section begin=req9 /><noinclude><translate></noinclude>Execute the plan. | + | <b>9. <section begin=req9 /><noinclude><translate><!--T:34--> |
| + | </noinclude>Execute the plan. | ||
<noinclude></translate></noinclude><section end=req9 /></b> | <noinclude></translate></noinclude><section end=req9 /></b> | ||
| − | :<b>a. <section begin=req9a /><noinclude><translate></noinclude>Build the management team | + | :<b>a. <section begin=req9a /><noinclude><translate><!--T:35--> |
| + | </noinclude>Build the management team | ||
<noinclude></translate></noinclude><section end=req9a /></b> | <noinclude></translate></noinclude><section end=req9a /></b> | ||
| − | :<b>b. <section begin=req9b /><noinclude><translate></noinclude>Create the product | + | :<b>b. <section begin=req9b /><noinclude><translate><!--T:36--> |
| + | </noinclude>Create the product | ||
<noinclude></translate></noinclude><section end=req9b /></b> | <noinclude></translate></noinclude><section end=req9b /></b> | ||
| − | :<b>c. <section begin=req9c /><noinclude><translate></noinclude>Advertise the product/service | + | :<b>c. <section begin=req9c /><noinclude><translate><!--T:37--> |
| + | </noinclude>Advertise the product/service | ||
<noinclude></translate></noinclude><section end=req9c /></b> | <noinclude></translate></noinclude><section end=req9c /></b> | ||
| − | :<b>d. <section begin=req9d /><noinclude><translate></noinclude>Sell the product or perform the service | + | :<b>d. <section begin=req9d /><noinclude><translate><!--T:38--> |
| + | </noinclude>Sell the product or perform the service | ||
<noinclude></translate></noinclude><section end=req9d /></b> | <noinclude></translate></noinclude><section end=req9d /></b> | ||
| − | :<b>e. <section begin=req9e /><noinclude><translate></noinclude>Report on profit/loss | + | :<b>e. <section begin=req9e /><noinclude><translate><!--T:39--> |
| + | </noinclude>Report on profit/loss | ||
<noinclude></translate></noinclude><section end=req9e /></b> | <noinclude></translate></noinclude><section end=req9e /></b> | ||
| − | :<b>f. <section begin=req9f /><noinclude><translate></noinclude>Report on use of profits | + | :<b>f. <section begin=req9f /><noinclude><translate><!--T:40--> |
| + | </noinclude>Report on use of profits | ||
<noinclude></translate></noinclude><section end=req9f /></b> | <noinclude></translate></noinclude><section end=req9f /></b> | ||
| − | :<b>g. <section begin=req9g /><noinclude><translate></noinclude>Suggestions for improvements | + | :<b>g. <section begin=req9g /><noinclude><translate><!--T:41--> |
| + | </noinclude>Suggestions for improvements | ||
<noinclude></translate></noinclude><section end=req9g /></b> | <noinclude></translate></noinclude><section end=req9g /></b> | ||
<section end=challenge /> | <section end=challenge /> | ||
| − | <b>10. <section begin=req10 /><noinclude><translate></noinclude>Discuss ethical issues and Christian values involved in conducting a business. | + | <b>10. <section begin=req10 /><noinclude><translate><!--T:42--> |
| + | </noinclude>Discuss ethical issues and Christian values involved in conducting a business. | ||
<noinclude></translate></noinclude><section end=req10 /></b> | <noinclude></translate></noinclude><section end=req10 /></b> | ||
| − | :<b>a. <section begin=req10a /><noinclude><translate></noinclude>To God | + | :<b>a. <section begin=req10a /><noinclude><translate><!--T:43--> |
| + | </noinclude>To God | ||
<noinclude></translate></noinclude><section end=req10a /></b> | <noinclude></translate></noinclude><section end=req10a /></b> | ||
| − | :<b>b. <section begin=req10b /><noinclude><translate></noinclude>To the government | + | :<b>b. <section begin=req10b /><noinclude><translate><!--T:44--> |
| + | </noinclude>To the government | ||
<noinclude></translate></noinclude><section end=req10b /></b> | <noinclude></translate></noinclude><section end=req10b /></b> | ||
| − | :<b>c. <section begin=req10c /><noinclude><translate></noinclude>To the customer | + | :<b>c. <section begin=req10c /><noinclude><translate><!--T:45--> |
| + | </noinclude>To the customer | ||
<noinclude></translate></noinclude><section end=req10c /></b> | <noinclude></translate></noinclude><section end=req10c /></b> | ||
| − | :<b>d. <section begin=req10d /><noinclude><translate></noinclude>To the employee | + | :<b>d. <section begin=req10d /><noinclude><translate><!--T:46--> |
| + | </noinclude>To the employee | ||
<noinclude></translate></noinclude><section end=req10d /></b> | <noinclude></translate></noinclude><section end=req10d /></b> | ||
| − | <b>11. <section begin=req11 /><noinclude><translate></noinclude>Recount the story of Joseph as a shrewd manager and businessman (Genesis 41:39-57), the parable of the talents (Luke 19:11-26) or other similar bible passage. Identify three lessons from the story that can be applied to your business. | + | <b>11. <section begin=req11 /><noinclude><translate><!--T:47--> |
| + | </noinclude>Recount the story of Joseph as a shrewd manager and businessman (Genesis 41:39-57), the parable of the talents (Luke 19:11-26) or other similar bible passage. Identify three lessons from the story that can be applied to your business. | ||
<noinclude></translate></noinclude><section end=req11 /></b> | <noinclude></translate></noinclude><section end=req11 /></b> | ||
<section end=Body /> | <section end=Body /> | ||
<noinclude><translate> | <noinclude><translate> | ||
| + | <!--T:48--> | ||
[[Category:Honor Requirements|{{#titleparts:{{PAGENAME}}|1|2}}]] | [[Category:Honor Requirements|{{#titleparts:{{PAGENAME}}|1|2}}]] | ||
[[Category:Honor Requirements Revision 3|{{#titleparts:{{PAGENAME}}|1|2}}]] | [[Category:Honor Requirements Revision 3|{{#titleparts:{{PAGENAME}}|1|2}}]] | ||
<noinclude></translate></noinclude> | <noinclude></translate></noinclude> | ||
Revision as of 22:56, 16 May 2021
Business
Skill Level
2
Year
2015
Version
15.05.2024
Approval authority
North American Division
1. Define the following terms:
- a. Break Even
- b. Business
- c. Business Plan
- d. Capital
- e. Distribution
- f. Interest
- g. Micro business
- h. Price
- i. Product
- j. Production
- k. Profit
- l. Promotion
- m. Service
- n. Target market
2. Describe three ways in which a business may be conceived.
3. Explain the benefits of having a management team in a business (note that one person might adopt all these roles in a small/micro business).
4. List ways that a business’s product/service may be promoted.
5. Show how you determine:
- a. Price of the product
- b. Break-even point
- c. Profit/loss
6. Discuss ways in which the profits of a company can be used.
7. Brainstorm at least 4 ideas for small business that can be conducted by Pathfinders in your club or youth in your church. Evaluate the strengths, weaknesses, opportunities, and threats associated with each of them.
8. Develop a business plan for at least one of your ideas from #7 above. Include the following in the plan:
- a. Description of business
- b. Capital needed and the source of the capital
- c. Price of the product/service
- d. Target market
- e. Promotional method
- f. Sales location
- g. Expected gains
- h. Dissemination of profit
9. Execute the plan.
- a. Build the management team
- b. Create the product
- c. Advertise the product/service
- d. Sell the product or perform the service
- e. Report on profit/loss
- f. Report on use of profits
- g. Suggestions for improvements
10. Discuss ethical issues and Christian values involved in conducting a business.
- a. To God
- b. To the government
- c. To the customer
- d. To the employee
11. Recount the story of Joseph as a shrewd manager and businessman (Genesis 41:39-57), the parable of the talents (Luke 19:11-26) or other similar bible passage. Identify three lessons from the story that can be applied to your business.
