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Activity 6:

To calculate cost

[lo 3.1]

a) Write out a complete list of all the materials that you needed to make your card. Also determine the cost of each type of material.

Cost price is what it costs you to make the card.

b) What were the different tools that you used to make the card?

c) How much time did you need for making the final card?

d) Let’s decide that you would like to make 20% profits on each card that you sell. Calculate the cost price for the card. (as in a ) (as in a )

(NB. Selling price = Cost price + (20% of Cost price)

3. Profitability

  • You have bought certain materials to make invitation cards to meet a particular need and have produced the cards. Now you have to try to sell them.
  • The money that it costs you to start a business is the start-up costs . What you spend afterwards is known as the running costs . You have to add starting costs and running costs together to know what your enterprise will cost you.
  • To make a profit, you therefore have to make more than this amount. From this you can determine the price of your product.
  • Your educator can help you to test the market for your cards and to market and advertise your product. (See Addendum 2)

Activity 7:

To plan party decorations

[lo 3.1]

Provide examples of decorations and discuss the types of entertainment that would be popular at a party. Arrange an exhibition of different types of decoration. List ideas of what is possible.

Which theme have you chosen?

Activity 8:

To make decorations for a party

[lo 3.1]

  • You, as a group, now have to plan and make decorations and plan entertainment to match the theme. The decorations may not cost more that R5 per person and you may therefore only spend R5 on the buying and making of it. Be creative and original.

Try to make use of recyclable materials. You have one week to do this. Your ideas

must be exhibited for evaluation on a table in room

on (date). The entertainment should be explained by

means of a poster that is exhibited together with the decorations.

Now is the time to ascertain whether your business idea is viable. Will it work? Is there a market for party accessories? To establish all of these, we are going to do a SWOT analysis.

WHAT IS A SWOT ANALYSIS? Answer the following questions:

S trong points: Where does your business venture address a gap in the existing market?

W eaknesses: Which part(s) of your business idea could possibly cause problems?

O pportunity: What do you see as the opportunity for selling your product? Will you find enough clients?

T hreats: What threatens the success of the business? What suggestions are you able to make?

Begin work without delay!


Learning Outcomes(LOs)
LO 3
SUSTAINABLE GROWTH AND DEVELOPMENTThe learner will be able to demonstrate knowledge and the ability to apply responsibly a range of managerial, consumer and financial skills.
Assessment Standards(ASs)
We know this when the learner:
3.1 understands and participates in the production process, from raw materials to final products, including waste products.
LO 4
ENTREPRENEURIAL KNOWLEDGE AND SKILLSThe learner will be able to demonstrate entrepreneurial knowledge, skills and attitudes.
We know this when the learner:
4.1 analyses personal strengths and weaknesses in becoming an entrepreneur;
4.2 identifies a variety of possible business opportunities in the community (school co-operatives, sports, entertainment, tourism);
4.3 designs an advertising campaign to promote a product that will generate a profit.

Questions & Answers

Do somebody tell me a best nano engineering book for beginners?
s. Reply
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
how to fabricate graphene ink ?
for screen printed electrodes ?
What is lattice structure?
s. Reply
of graphene you mean?
or in general
in general
Graphene has a hexagonal structure
On having this app for quite a bit time, Haven't realised there's a chat room in it.
what is biological synthesis of nanoparticles
Sanket Reply
what's the easiest and fastest way to the synthesize AgNP?
Damian Reply
types of nano material
abeetha Reply
I start with an easy one. carbon nanotubes woven into a long filament like a string
many many of nanotubes
what is the k.e before it land
what is the function of carbon nanotubes?
I'm interested in nanotube
what is nanomaterials​ and their applications of sensors.
Ramkumar Reply
what is nano technology
Sravani Reply
what is system testing?
preparation of nanomaterial
Victor Reply
Yes, Nanotechnology has a very fast field of applications and their is always something new to do with it...
Himanshu Reply
good afternoon madam
what is system testing
what is the application of nanotechnology?
In this morden time nanotechnology used in many field . 1-Electronics-manufacturad IC ,RAM,MRAM,solar panel etc 2-Helth and Medical-Nanomedicine,Drug Dilivery for cancer treatment etc 3- Atomobile -MEMS, Coating on car etc. and may other field for details you can check at Google
anybody can imagine what will be happen after 100 years from now in nano tech world
after 100 year this will be not nanotechnology maybe this technology name will be change . maybe aftet 100 year . we work on electron lable practically about its properties and behaviour by the different instruments
name doesn't matter , whatever it will be change... I'm taking about effect on circumstances of the microscopic world
how hard could it be to apply nanotechnology against viral infections such HIV or Ebola?
silver nanoparticles could handle the job?
not now but maybe in future only AgNP maybe any other nanomaterials
I'm interested in Nanotube
this technology will not going on for the long time , so I'm thinking about femtotechnology 10^-15
can nanotechnology change the direction of the face of the world
Prasenjit Reply
At high concentrations (>0.01 M), the relation between absorptivity coefficient and absorbance is no longer linear. This is due to the electrostatic interactions between the quantum dots in close proximity. If the concentration of the solution is high, another effect that is seen is the scattering of light from the large number of quantum dots. This assumption only works at low concentrations of the analyte. Presence of stray light.
Ali Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Berger describes sociologists as concerned with
Mueller Reply
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Source:  OpenStax, Economic and management sciences grade 6. OpenStax CNX. Sep 08, 2009 Download for free at http://cnx.org/content/col11013/1.1
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