Unit 5 Lesson 4
Sunders, Philip. Introduction to Macroeconomics Student Workbook. 18th ed.
Bloomington. IN: 1998
Advanced Placement Economics Teacher Resource Manual. National Council
on Economic Education, New York, N.Y
Chapter 5 Student Outline
Develop a Business Plan
Why Do You Need a Business Plan?
What Goes into a Business Plan?
Create an Effective Business Plan
Lesson 5.1 WHY DO YOU NEED A BUSINESS PLAN?
Explain the purpose of writing a good bus
What Do You Know?
1. Some advantages of buying a pre-existing business is that you dont have t go through the taxing
process of starting one for yourself and going through the risks and possible losses that go hand
in hand with that.
2. Operating a family
Create a presentation using PowerPoint, Prezi, or
Animoto. Select a franchise from
http:/www.franchisedirect.com or any website of
your choice. The franchise you select must NOT be
available in the Houston market (google franchise
Endangered: Snow Leopard
Common Name: Snow Leopard
Scientific Name: Panthera Uncia
Status of organism: Endangered
A picture of your organism
General description of organism
A small cat typically 2-5 feet in length with a very stocky yet nimble build. They
Market failure: when the market does not supply what we need or want
Externalities: effect on other people (flu shots prevent you from getting the flu AND spread it)
Public Goods: free access, government built/supplied, non profit
Ch 4 Research Businesses for Sale
1. Using the internet, locate advertisements for two businesses that are for sale. HINT: Search Google for
Businesses for Sale and look through several websites to get your answers. us.businessesforsale.com
He wants his parishioners to give him plenty of their money.
Greed is the root of all evil.
The plague poses a serious threat to this society.
greedy and rough
He wants to die.
the use of characters to stand for ideas (Death is personifi
United states GDP is not constant from year to year
Instead the GDP grows most years and then shrinks on some
The ups and downs in GDP over time is referred to as the business cycle
Temporary maximum real GDP. At this point the unemplo
Willing and Able
Law of Demand:
Price falls, quantity demanded rises
Price rises, quantity demanded falls
Diminishing Marginal Utility
Next unit of product yields less satisfaction
Buyer is willing to pay les
Chapter Nine Notes Worksheet
Answer ALL questions in red
Section One: Labor Market Trends
1. Define Labor Force. All members of a particular organization or population who
are able to work
2. Describe the major shift in types of jobs within
MET for Mechanical
Finish State: Normal
Email Address: [email protected]
First Name: GUTTI
Last Name: SYAM PAVAN
Contact No: 8096450092
Class X %: 84.6
Class XII %: 91.3
College Name UG.: KL UNIVERSITY
UG Branch/Department (EE, E
will choose from the
following options to earn at
least 75 points.
This project is to be done
Poem 50 points
You may write an original poem that includes the