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BUSINESS COST LESSON PLAN CALCULATING SKILLS TECHNIQUE PROGRAM GROUP COURSE STRATEGY PROCESS WORKSHEET BASIC TEACHING LEARNING SAMPLE EXAMPLE HELP STUDENTS PRACTICE TEACHER CLASS MATERIAL EXERCISE FREE ONLINE ACTIVITY

 

 

Students learn about starting a business.

 

 

STARTING A BUSINESS:
How much will it Cost?

 

An introduction and lesson for students on the cost of starting and running a business.

 

Objectives:

Students will be able to:

  • Define fixed costs
  • Define variable costs                                   
  • Identify which costs are fixed and which are variable
  • Calculate total fixed and variable costs
  • Find the variable costs for a single product
  • Understand the concept of break even point
  • Calculate the break even point
  • Use the break even point to help the establish a price for their product

Suggested Grades:

Fifth Grade - Sixth Grade - Seventh Grade - Business Education

 

 

BUSINESS COST LESSON PLAN

 

Teaching Materials:

 

Method:
The teacher will introduce the topic. The exercises in this lesson can be done in small groups, individually or as a class depending on the individual class’s capabilities.

Excerpt from Lesson:

You’ve come up with a few ideas for a business that you would like to start. You’ve looked at the resources that you’ll need and you’ve found a market that your business will fill. So isn’t it time to begin? Hold on now!! You’re moving too fast! You need a bit more information before you set off on your new enterprise. You need to know how much it will all cost so that you can come up with a price that will allow you to make a profit. Profit is the difference between the money you must pay out to run your business and the money that your customers pay for the product or service.

Continued...

 

 

 

 

Lesson Printable Materials - Worksheets

Print out the teaching lesson pages and exercise worksheets for use with this lesson:

 

BUSINESS COST LESSON

How much will it Cost Lesson *

Printable lesson worksheet and questions.

 

 

 

 

 

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