Difference between revisions of "AY Honors/Business/Requirements"

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<languages /><br />
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{{HonorSubpage}}
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<translate>{{RequirementsHeader}}</translate>
 
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==<translate>Requirements</translate>==
 
  
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<b>1. <translate><section begin=req1 />Define the following terms:
+
<section begin=Body />
−
<section end=req1 /></translate></b>
 
  
−
:<b>a. <translate><section begin=req1a />Break Even
+
<b>1. <section begin=req1 /><noinclude><translate><!--T:1-->
−
<section end=req1a /></translate></b>
+
</noinclude>Define the following terms:
 +
<noinclude></translate></noinclude><section end=req1 /></b>
  
−
:<b>b. <translate><section begin=req1b />Business
+
:<b>a. <section begin=req1a /><noinclude><translate><!--T:2-->
−
<section end=req1b /></translate></b>
+
</noinclude>Break Even
 +
<noinclude></translate></noinclude><section end=req1a /></b>
  
−
:<b>c. <translate><section begin=req1c />Business Plan
+
:<b>b. <section begin=req1b /><noinclude><translate><!--T:3-->
−
<section end=req1c /></translate></b>
+
</noinclude>Business
 +
<noinclude></translate></noinclude><section end=req1b /></b>
  
−
:<b>d. <translate><section begin=req1d />Capital
+
:<b>c. <section begin=req1c /><noinclude><translate><!--T:4-->
−
<section end=req1d /></translate></b>
+
</noinclude>Business Plan
 +
<noinclude></translate></noinclude><section end=req1c /></b>
  
−
:<b>e. <translate><section begin=req1e />Distribution
+
:<b>d. <section begin=req1d /><noinclude><translate><!--T:5-->
−
<section end=req1e /></translate></b>
+
</noinclude>Capital
 +
<noinclude></translate></noinclude><section end=req1d /></b>
  
−
:<b>f. <translate><section begin=req1f />Interest
+
:<b>e. <section begin=req1e /><noinclude><translate><!--T:6-->
−
<section end=req1f /></translate></b>
+
</noinclude>Distribution
 +
<noinclude></translate></noinclude><section end=req1e /></b>
  
−
:<b>g. <translate><section begin=req1g />Micro business
+
:<b>f. <section begin=req1f /><noinclude><translate><!--T:7-->
−
<section end=req1g /></translate></b>
+
</noinclude>Interest
 +
<noinclude></translate></noinclude><section end=req1f /></b>
  
−
:<b>h. <translate><section begin=req1h />Price
+
:<b>g. <section begin=req1g /><noinclude><translate><!--T:8-->
−
<section end=req1h /></translate></b>
+
</noinclude>Micro business
 +
<noinclude></translate></noinclude><section end=req1g /></b>
  
−
:<b>i. <translate><section begin=req1i />Product
+
:<b>h. <section begin=req1h /><noinclude><translate><!--T:9-->
−
<section end=req1i /></translate></b>
+
</noinclude>Price
 +
<noinclude></translate></noinclude><section end=req1h /></b>
  
−
:<b>j. <translate><section begin=req1j />Production
+
:<b>i. <section begin=req1i /><noinclude><translate><!--T:10-->
−
<section end=req1j /></translate></b>
+
</noinclude>Product
 +
<noinclude></translate></noinclude><section end=req1i /></b>
  
−
:<b>k. <translate><section begin=req1k />Profit
+
:<b>j. <section begin=req1j /><noinclude><translate><!--T:11-->
−
<section end=req1k /></translate></b>
+
</noinclude>Production
 +
<noinclude></translate></noinclude><section end=req1j /></b>
  
−
:<b>l. <translate><section begin=req1l />Promotion
+
:<b>k. <section begin=req1k /><noinclude><translate><!--T:12-->
−
<section end=req1l /></translate></b>
+
</noinclude>Profit
 +
<noinclude></translate></noinclude><section end=req1k /></b>
  
−
:<b>m. <translate><section begin=req1m />Service
+
:<b>l. <section begin=req1l /><noinclude><translate><!--T:13-->
−
<section end=req1m /></translate></b>
+
</noinclude>Promotion
 +
<noinclude></translate></noinclude><section end=req1l /></b>
  
−
:<b>n. <translate><section begin=req1n />Target market
+
:<b>m. <section begin=req1m /><noinclude><translate><!--T:14-->
−
<section end=req1n /></translate></b>
+
</noinclude>Service
 +
<noinclude></translate></noinclude><section end=req1m /></b>
  
−
<b>2. <translate><section begin=req2 />Describe three ways in which a business may be conceived.
+
:<b>n. <section begin=req1n /><noinclude><translate><!--T:15-->
−
<section end=req2 /></translate></b>
+
</noinclude>Target market
 +
<noinclude></translate></noinclude><section end=req1n /></b>
  
−
<b>3. <translate><section begin=req3 />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>2. <section begin=req2 /><noinclude><translate><!--T:16-->
−
<section end=req3 /></translate></b>
+
</noinclude>Describe three ways in which a business may be conceived.
 +
<noinclude></translate></noinclude><section end=req2 /></b>
  
−
<b>4. <translate><section begin=req4 />List ways that a business’s product/service may be promoted.  
+
<b>3. <section begin=req3 /><noinclude><translate><!--T:17-->
−
<section end=req4 /></translate></b>
+
</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>
  
−
<b>5. <translate><section begin=req5 />Show how you determine:  
+
<b>4. <section begin=req4 /><noinclude><translate><!--T:18-->
−
<section end=req5 /></translate></b>
+
</noinclude>List ways that a business’s product/service may be promoted.
 +
<noinclude></translate></noinclude><section end=req4 /></b>
  
−
:<b>a. <translate><section begin=req5a />Price of the product
+
<b>5. <section begin=req5 /><noinclude><translate><!--T:19-->
−
<section end=req5a /></translate></b>
+
</noinclude>Show how you determine:
 +
<noinclude></translate></noinclude><section end=req5 /></b>
  
−
:<b>b. <translate><section begin=req5b />Break-even point
+
:<b>a. <section begin=req5a /><noinclude><translate><!--T:20-->
−
<section end=req5b /></translate></b>
+
</noinclude>Price of the product
 +
<noinclude></translate></noinclude><section end=req5a /></b>
  
−
:<b>c. <translate><section begin=req5c />Profit/loss 
+
:<b>b. <section begin=req5b /><noinclude><translate><!--T:21-->
−
<section end=req5c /></translate></b>
+
</noinclude>Break-even point
 +
<noinclude></translate></noinclude><section end=req5b /></b>
  
−
<b>6. <translate><section begin=req6 />Discuss ways in which the profits of a company can be used.
+
:<b>c. <section begin=req5c /><noinclude><translate><!--T:22-->
−
<section end=req6 /></translate></b>
+
</noinclude>Profit/loss
 +
<noinclude></translate></noinclude><section end=req5c /></b>
  
−
<b>7. <translate><section begin=req7 />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>6. <section begin=req6 /><noinclude><translate><!--T:23-->
−
<section end=req7 /></translate></b>
+
</noinclude>Discuss ways in which the profits of a company can be used.
 +
<noinclude></translate></noinclude><section end=req6 /></b>
  
−
<b>8. <translate><section begin=req8 />Develop a business plan for at least one of your ideas from #7 above. Include the following in the plan:
+
<b>7. <section begin=req7 /><noinclude><translate><!--T:24-->
−
<section end=req8 /></translate></b>
+
</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>
  
−
:<b>a. <translate><section begin=req8a />Description of business
+
<b>8. <section begin=req8 /><noinclude><translate><!--T:25-->
−
<section end=req8a /></translate></b>
+
</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>
  
−
:<b>b. <translate><section begin=req8b />Capital needed and the source of the capital
+
:<b>a. <section begin=req8a /><noinclude><translate><!--T:26-->
−
<section end=req8b /></translate></b>
+
</noinclude>Description of business
 +
<noinclude></translate></noinclude><section end=req8a /></b>
  
−
:<b>c. <translate><section begin=req8c />Price of the product/service
+
:<b>b. <section begin=req8b /><noinclude><translate><!--T:27-->
−
<section end=req8c /></translate></b>
+
</noinclude>Capital needed and the source of the capital
 +
<noinclude></translate></noinclude><section end=req8b /></b>
  
−
:<b>d. <translate><section begin=req8d />Target market
+
:<b>c. <section begin=req8c /><noinclude><translate><!--T:28-->
−
<section end=req8d /></translate></b>
+
</noinclude>Price of the product/service
 +
<noinclude></translate></noinclude><section end=req8c /></b>
  
−
:<b>e. <translate><section begin=req8e />Promotional method
+
:<b>d. <section begin=req8d /><noinclude><translate><!--T:29-->
−
<section end=req8e /></translate></b>
+
</noinclude>Target market
 +
<noinclude></translate></noinclude><section end=req8d /></b>
  
−
:<b>f. <translate><section begin=req8f />Sales location
+
:<b>e. <section begin=req8e /><noinclude><translate><!--T:30-->
−
<section end=req8f /></translate></b>
+
</noinclude>Promotional method
 +
<noinclude></translate></noinclude><section end=req8e /></b>
  
−
:<b>g. <translate><section begin=req8g />Expected gains
+
:<b>f. <section begin=req8f /><noinclude><translate><!--T:31-->
−
<section end=req8g /></translate></b>
+
</noinclude>Sales location
 +
<noinclude></translate></noinclude><section end=req8f /></b>
  
−
:<b>h. <translate><section begin=req8h />Dissemination of profit
+
:<b>g. <section begin=req8g /><noinclude><translate><!--T:32-->
−
<section end=req8h /></translate></b>
+
</noinclude>Expected gains
 +
<noinclude></translate></noinclude><section end=req8g /></b>
  
−
<b>9. <translate><section begin=req9 />Execute the plan
+
:<b>h. <section begin=req8h /><noinclude><translate><!--T:33-->
−
<section end=req9 /></translate></b>
+
</noinclude>Dissemination of profit
 +
<noinclude></translate></noinclude><section end=req8h /></b>
  
−
:<b>a. <translate><section begin=req9a />Build the management team
+
<section begin=challenge />
−
<section end=req9a /></translate></b>
+
<b>9. <section begin=req9 /><noinclude><translate><!--T:34-->
 +
</noinclude>Execute the plan.
 +
<noinclude></translate></noinclude><section end=req9 /></b>
  
−
:<b>b. <translate><section begin=req9b />Create the product
+
:<b>a. <section begin=req9a /><noinclude><translate><!--T:35-->
−
<section end=req9b /></translate></b>
+
</noinclude>Build the management team
 +
<noinclude></translate></noinclude><section end=req9a /></b>
  
−
:<b>c. <translate><section begin=req9c />Advertise the product/service
+
:<b>b. <section begin=req9b /><noinclude><translate><!--T:36-->
−
<section end=req9c /></translate></b>
+
</noinclude>Create the product
 +
<noinclude></translate></noinclude><section end=req9b /></b>
  
−
:<b>d. <translate><section begin=req9d />Sell the product or perform the service  
+
:<b>c. <section begin=req9c /><noinclude><translate><!--T:37-->
−
<section end=req9d /></translate></b>
+
</noinclude>Advertise the product/service
 +
<noinclude></translate></noinclude><section end=req9c /></b>
  
−
:<b>e. <translate><section begin=req9e />Report on profit/loss
+
:<b>d. <section begin=req9d /><noinclude><translate><!--T:38-->
−
<section end=req9e /></translate></b>
+
</noinclude>Sell the product or perform the service
 +
<noinclude></translate></noinclude><section end=req9d /></b>
  
−
:<b>f. <translate><section begin=req9f />Report on use of profits
+
:<b>e. <section begin=req9e /><noinclude><translate><!--T:39-->
−
<section end=req9f /></translate></b>
+
</noinclude>Report on profit/loss
 +
<noinclude></translate></noinclude><section end=req9e /></b>
  
−
:<b>g. <translate><section begin=req9g />Suggestions for improvements
+
:<b>f. <section begin=req9f /><noinclude><translate><!--T:40-->
−
<section end=req9g /></translate></b>
+
</noinclude>Report on use of profits
 +
<noinclude></translate></noinclude><section end=req9f /></b>
  
−
<b>10. <translate><section begin=req10 />Discuss ethical issues and Christian values involved in conducting a business
+
:<b>g. <section begin=req9g /><noinclude><translate><!--T:41-->
−
<section end=req10 /></translate></b>
+
</noinclude>Suggestions for improvements
 +
<noinclude></translate></noinclude><section end=req9g /></b>
 +
<section end=challenge />
  
−
:<b>a. <translate><section begin=req10a />To God 
+
<b>10. <section begin=req10 /><noinclude><translate><!--T:42-->
−
<section end=req10a /></translate></b>
+
</noinclude>Discuss ethical issues and Christian values involved in conducting a business.
 +
<noinclude></translate></noinclude><section end=req10 /></b>
  
−
:<b>b. <translate><section begin=req10b />To the government
+
:<b>a. <section begin=req10a /><noinclude><translate><!--T:43-->
−
<section end=req10b /></translate></b>
+
</noinclude>To God
 +
<noinclude></translate></noinclude><section end=req10a /></b>
  
−
:<b>c. <translate><section begin=req10c />To the customer
+
:<b>b. <section begin=req10b /><noinclude><translate><!--T:44-->
−
<section end=req10c /></translate></b>
+
</noinclude>To the government
 +
<noinclude></translate></noinclude><section end=req10b /></b>
  
−
:<b>d. <translate><section begin=req10d />To the employee
+
:<b>c. <section begin=req10c /><noinclude><translate><!--T:45-->
−
<section end=req10d /></translate></b>
+
</noinclude>To the customer
 +
<noinclude></translate></noinclude><section end=req10c /></b>
  
−
<b>11. <translate><section begin=req11 />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>d. <section begin=req10d /><noinclude><translate><!--T:46-->
−
<section end=req11 /></translate></b>
+
</noinclude>To the employee
 +
<noinclude></translate></noinclude><section end=req10d /></b>
  
−
[[Category:Honor Requirements|{{#titleparts:{{PAGENAME}}|1|3}}]]
+
<b>11. <section begin=req11 /><noinclude><translate><!--T:47-->
−
[[Category:Honor Requirements Revision 2|{{#titleparts:{{PAGENAME}}|1|3}}]]
+
</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>
 +
<section end=Body />

Latest revision as of 20:11, 20 July 2022

Other languages:
English • ‎español
Business

Skill Level

2

Year

2015

Version

15.05.2024

Approval authority

North American Division

Business AY Honor.png
Business
Vocational
Skill Level
123
Approval authority
North American Division
Year of Introduction
2015



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.

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