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AY Honors/Business/Requirements/en - Revision history
2026-06-01T16:05:38Z
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:21, 20 July 2022</td>
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https://wiki.pathfindersonline.org/index.php?title=AY_Honors/Business/Requirements/en&diff=489283&oldid=prev
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<p><b>New page</b></p><div>{{HonorSubpage}}<br />
<br />
<section begin=Body /><br />
<br />
<b>1. <section begin=req1 /><noinclude></noinclude>Define the following terms:<br />
<noinclude></noinclude><section end=req1 /></b><br />
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:<b>a. <section begin=req1a /><noinclude></noinclude>Break Even<br />
<noinclude></noinclude><section end=req1a /></b><br />
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:<b>b. <section begin=req1b /><noinclude></noinclude>Business<br />
<noinclude></noinclude><section end=req1b /></b><br />
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:<b>c. <section begin=req1c /><noinclude></noinclude>Business Plan<br />
<noinclude></noinclude><section end=req1c /></b><br />
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:<b>d. <section begin=req1d /><noinclude></noinclude>Capital<br />
<noinclude></noinclude><section end=req1d /></b><br />
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:<b>e. <section begin=req1e /><noinclude></noinclude>Distribution<br />
<noinclude></noinclude><section end=req1e /></b><br />
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:<b>f. <section begin=req1f /><noinclude></noinclude>Interest<br />
<noinclude></noinclude><section end=req1f /></b><br />
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:<b>g. <section begin=req1g /><noinclude></noinclude>Micro business<br />
<noinclude></noinclude><section end=req1g /></b><br />
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:<b>h. <section begin=req1h /><noinclude></noinclude>Price<br />
<noinclude></noinclude><section end=req1h /></b><br />
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:<b>i. <section begin=req1i /><noinclude></noinclude>Product<br />
<noinclude></noinclude><section end=req1i /></b><br />
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:<b>j. <section begin=req1j /><noinclude></noinclude>Production<br />
<noinclude></noinclude><section end=req1j /></b><br />
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:<b>k. <section begin=req1k /><noinclude></noinclude>Profit<br />
<noinclude></noinclude><section end=req1k /></b><br />
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:<b>l. <section begin=req1l /><noinclude></noinclude>Promotion<br />
<noinclude></noinclude><section end=req1l /></b><br />
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:<b>m. <section begin=req1m /><noinclude></noinclude>Service<br />
<noinclude></noinclude><section end=req1m /></b><br />
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:<b>n. <section begin=req1n /><noinclude></noinclude>Target market<br />
<noinclude></noinclude><section end=req1n /></b><br />
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<b>2. <section begin=req2 /><noinclude></noinclude>Describe three ways in which a business may be conceived.<br />
<noinclude></noinclude><section end=req2 /></b><br />
<br />
<b>3. <section begin=req3 /><noinclude></noinclude>Explain the benefits of having a management team in a business (note that one person might adopt all these roles in a small/micro business).<br />
<noinclude></noinclude><section end=req3 /></b><br />
<br />
<b>4. <section begin=req4 /><noinclude></noinclude>List ways that a business’s product/service may be promoted.<br />
<noinclude></noinclude><section end=req4 /></b><br />
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<b>5. <section begin=req5 /><noinclude></noinclude>Show how you determine:<br />
<noinclude></noinclude><section end=req5 /></b><br />
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:<b>a. <section begin=req5a /><noinclude></noinclude>Price of the product<br />
<noinclude></noinclude><section end=req5a /></b><br />
<br />
:<b>b. <section begin=req5b /><noinclude></noinclude>Break-even point<br />
<noinclude></noinclude><section end=req5b /></b><br />
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:<b>c. <section begin=req5c /><noinclude></noinclude>Profit/loss<br />
<noinclude></noinclude><section end=req5c /></b><br />
<br />
<b>6. <section begin=req6 /><noinclude></noinclude>Discuss ways in which the profits of a company can be used.<br />
<noinclude></noinclude><section end=req6 /></b><br />
<br />
<b>7. <section begin=req7 /><noinclude></noinclude>Brainstorm at least 4 ideas for small business that can be conducted by Pathfinders in your club or youth in your church. Evaluate the strengths, weaknesses, opportunities, and threats associated with each of them.<br />
<noinclude></noinclude><section end=req7 /></b><br />
<br />
<b>8. <section begin=req8 /><noinclude></noinclude>Develop a business plan for at least one of your ideas from #7 above. Include the following in the plan:<br />
<noinclude></noinclude><section end=req8 /></b><br />
<br />
:<b>a. <section begin=req8a /><noinclude></noinclude>Description of business<br />
<noinclude></noinclude><section end=req8a /></b><br />
<br />
:<b>b. <section begin=req8b /><noinclude></noinclude>Capital needed and the source of the capital<br />
<noinclude></noinclude><section end=req8b /></b><br />
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:<b>c. <section begin=req8c /><noinclude></noinclude>Price of the product/service<br />
<noinclude></noinclude><section end=req8c /></b><br />
<br />
:<b>d. <section begin=req8d /><noinclude></noinclude>Target market<br />
<noinclude></noinclude><section end=req8d /></b><br />
<br />
:<b>e. <section begin=req8e /><noinclude></noinclude>Promotional method<br />
<noinclude></noinclude><section end=req8e /></b><br />
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:<b>f. <section begin=req8f /><noinclude></noinclude>Sales location<br />
<noinclude></noinclude><section end=req8f /></b><br />
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:<b>g. <section begin=req8g /><noinclude></noinclude>Expected gains<br />
<noinclude></noinclude><section end=req8g /></b><br />
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:<b>h. <section begin=req8h /><noinclude></noinclude>Dissemination of profit<br />
<noinclude></noinclude><section end=req8h /></b><br />
<br />
<section begin=challenge /><br />
<b>9. <section begin=req9 /><noinclude></noinclude>Execute the plan.<br />
<noinclude></noinclude><section end=req9 /></b><br />
<br />
:<b>a. <section begin=req9a /><noinclude></noinclude>Build the management team<br />
<noinclude></noinclude><section end=req9a /></b><br />
<br />
:<b>b. <section begin=req9b /><noinclude></noinclude>Create the product<br />
<noinclude></noinclude><section end=req9b /></b><br />
<br />
:<b>c. <section begin=req9c /><noinclude></noinclude>Advertise the product/service<br />
<noinclude></noinclude><section end=req9c /></b><br />
<br />
:<b>d. <section begin=req9d /><noinclude></noinclude>Sell the product or perform the service<br />
<noinclude></noinclude><section end=req9d /></b><br />
<br />
:<b>e. <section begin=req9e /><noinclude></noinclude>Report on profit/loss<br />
<noinclude></noinclude><section end=req9e /></b><br />
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:<b>f. <section begin=req9f /><noinclude></noinclude>Report on use of profits<br />
<noinclude></noinclude><section end=req9f /></b><br />
<br />
:<b>g. <section begin=req9g /><noinclude></noinclude>Suggestions for improvements<br />
<noinclude></noinclude><section end=req9g /></b><br />
<section end=challenge /><br />
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<b>10. <section begin=req10 /><noinclude></noinclude>Discuss ethical issues and Christian values involved in conducting a business.<br />
<noinclude></noinclude><section end=req10 /></b><br />
<br />
:<b>a. <section begin=req10a /><noinclude></noinclude>To God<br />
<noinclude></noinclude><section end=req10a /></b><br />
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:<b>b. <section begin=req10b /><noinclude></noinclude>To the government<br />
<noinclude></noinclude><section end=req10b /></b><br />
<br />
:<b>c. <section begin=req10c /><noinclude></noinclude>To the customer<br />
<noinclude></noinclude><section end=req10c /></b><br />
<br />
:<b>d. <section begin=req10d /><noinclude></noinclude>To the employee<br />
<noinclude></noinclude><section end=req10d /></b><br />
<br />
<b>11. <section begin=req11 /><noinclude></noinclude>Recount the story of Joseph as a shrewd manager and businessman (Genesis 41:39-57), the parable of the talents (Luke 19:11-26) or other similar bible passage. Identify three lessons from the story that can be applied to your business.<br />
<noinclude></noinclude><section end=req11 /></b><br />
<section end=Body /><br />
<br />
<noinclude>[[Category:Honor Requirements|{{#titleparts:{{PAGENAME}}|1|2}}]]<br />
[[Category:Honor Requirements Revision 3|{{#titleparts:{{PAGENAME}}|1|2}}]]<br />
<noinclude></noinclude></div>
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