Business Basics

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Objective

I can describe the basic parts of a business and why they are important.

Part 1 of 3

Warm-up video

Unknown Channel · 5:00

We don't generate video — this one is by Unknown Channel on YouTube. The practice questions and exit ticket below were drafted by AI for this objective, and every question is editable in the teacher guide.

Part 2 of 3

Practice

7 questions

1

What are the three main groups of people (stakeholders) involved in a business, and what is one thing each group does?

2

Explain why it is important for a business to make a profit. What could happen if a business consistently loses money?

Part 3 of 3

Exit ticket

Quick comprehension check

Imagine a perfume business. Describe one thing the owners do to help the business succeed. Imagine a business that makes football (soccer) jerseys. Describe one thing the managers do to help the business succeed. Imagine a shop that sells candy. Describe one thing the workers do to help the business succeed.

Sample answer included in the free materials

Get the materials

Teacher guide, student handout, and slides — free, in Google Docs format

  • Teacher Guide

    Complete lesson plan with answer keys and alternate activities

  • Student Handout

    Printable worksheet

  • Slides

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