<< Chapter < Page Chapter >> Page >

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!

Assessment

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

what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
Bharti
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
Daniel
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
Maciej
characteristics of micro business
Abigail
for teaching engĺish at school how nano technology help us
Anassong
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 ?
s.
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
Tarell
what is the actual application of fullerenes nowadays?
Damian
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
Tarell
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
Virgil
is Bucky paper clear?
CYNTHIA
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.
Harper
Do you know which machine is used to that process?
s.
how to fabricate graphene ink ?
SUYASH Reply
for screen printed electrodes ?
SUYASH
What is lattice structure?
s. Reply
of graphene you mean?
Ebrahim
or in general
Ebrahim
in general
s.
Graphene has a hexagonal structure
tahir
On having this app for quite a bit time, Haven't realised there's a chat room in it.
Cied
what is biological synthesis of nanoparticles
Sanket Reply
what's the easiest and fastest way to the synthesize AgNP?
Damian Reply
China
Cied
types of nano material
abeetha Reply
I start with an easy one. carbon nanotubes woven into a long filament like a string
Porter
many many of nanotubes
Porter
what is the k.e before it land
Yasmin
what is the function of carbon nanotubes?
Cesar
I'm interested in nanotube
Uday
what is nanomaterials​ and their applications of sensors.
Ramkumar Reply
what is nano technology
Sravani Reply
what is system testing?
AMJAD
preparation of nanomaterial
Victor Reply
how to synthesize TiO2 nanoparticles by chemical methods
Zubear
what's the program
Jordan
?
Jordan
what chemical
Jordan
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
Privacy Information Security Software Version 1.1a
Good
Got questions? Join the online conversation and get instant answers!
QuizOver.com Reply

Get the best Algebra and trigonometry course in your pocket!





Source:  OpenStax, Economic and management sciences grade 6. OpenStax CNX. Sep 08, 2009 Download for free at http://cnx.org/content/col11013/1.1
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Economic and management sciences grade 6' conversation and receive update notifications?

Ask