Entrepreneurship And Business Scope And Sequence

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Entrepreneurship and BusinessScope and SequenceKey to texts* where suggested readings maybe found: G Entrepreneurship & Small Business Management, Karen R. Allen and Earl C. Meyer,(Glencoe-McGraw Hill: New York, NY 2006)SW Entrepreneurship—Ideas in Action, Cynthia L. Greene, (South Western/CengageLearning: Mason, OH 2009)N.B.: For some lessons, the texts do not contain information related to the objectives listedbelow. In those cases, teachers who would like assign their students background readings,should consider using other hard-copy and online sources.Unit I. Entrepreneurs and Entrepreneurial OpportunitiesProposed time frame: 2 weeksAchievement standard: Recognize that entrepreneurs possess uniquecharacteristics and evaluate the degree to which one possesses thosecharacteristics.Lesson #- Entrepreneurship and the EntrepreneurGuidingQuestionWhat is entrepreneurship?a. Define and give examples of entrepreneurship.Studentsb. Draw conclusions as to what they can expect to learn in a course calledwill be able “Entrepreneurship and Business”.to:Readingsc. Explain why entrepreneurship is so important to the United States economy.G pp. 4-7, 15, 17-21, SW pp. 3-6Lesson #2- Entrepreneurs: Who are they?GuidingQuestionWho are the entrepreneurs?a. Describe the achievements of various entrepreneurs.1

Studentswill be able b. Identify some of the characteristics of successful entrepreneurs.to:ReadingsG pp. 19, 29, 61, 71, 96, 117, 145, 160, 188, 208, 231, 270, 285, 310, 325, 351, 363,391, 407, 429, 458, 486, 500, and 515.SW pp. 6-7, 15-18, 32-33 96, 391, 117, 160, 19, 325, 458, 71, 515, 270, 351, 231,29, 500, 486, 310, 188, 61, 363, 429, 285, 407, 145Lesson #3- Characteristics of an EntrepreneurGuidingQuestionWhat are the characteristics of successful entrepreneurs?a. Identify the characteristics of successful entrepreneurs.Studentswill be able b. Evaluate the characteristics of successful entrepreneurs to determine which areto:the most essential for success in business.Readings G pp.: 32-39, SW pp.: 10-15Lesson #4- The Student as Entrepreneur: A Self-EvaluationGuidingQuestionShould you become an entrepreneur?a. Determine whether they have the personal characteristics necessary for successas an entrepreneur.b. Draw conclusions as to what actions they will personally need to take in order todevelop the characteristics of a successful entrepreneur that they do not currentlypossess.Studentswill be able c. Using an evaluative tool, assess their own personalities in relationship to thecharacteristics of anto:entrepreneurial personality.d. Through the use of small group discussion, interpret selected characteristics todetermine how they help to make a person a successful entrepreneur.Write a brief description analyzing why they believe that they will be rg/cs/2010/02/should you be an entrepreneur.htmlLesson #5- Success Indicators for a BusinessGuidingQuestionHow do we determine that a business is “successful”?2

a. Draw conclusions as to whether the amount of profit they make is how theywill personally judge the success of their entrepreneurial venture.b. List, explain and evaluate the factors that determine the success of a business.Studentswill be able c. Draw conclusions as to what factors will make each of them personally able tosay that they are successful as entrepreneurs.to:Readingsd. Evaluate the importance of social responsibility as a factor in developing asuccessful business venture.e. Use a company’s web site to describe, explain and interpret the company’scommitment to social entrepreneurship.G pp.: 512-519, SW pp.: 374-376Lesson #6- Setting Personal GoalsGuidingQuestion“How important is goal setting to an individual’s success?”a. Define the term personal goalsb. Discuss the importance of goal setting for a person’s individual andStudentswill be able professional success.c. Create a set of short and long term personal and professional goals to guideto:him/her g-a-business/setting-personalgoals.htmlLesson #7- Opportunity or Idea? Using a Business Plan to Determine When a BusinessOpportunity ExistsGuidingQuestionHow does a business plan help an entrepreneur determine when abusiness opportunity exists?a. Describe the features of a business plan.b. Discuss the purpose of a business with an actual entrepreneur .Studentswill be able c. Explain how a business plan is helpful in determining when an idea has thepotential to become a successful business.to:d. Examine the elements of the end-of-term business plan project that will beassigned to the class.ReadingsG pp. 100-113, SW pp.66-773

Unit II. The Business PlanProposed time frame: 7 to 10 daysAchievement standard: Develop a business planLesson #1- The Business Plan: A Road Map for a BusinessGuidingQuestionStudents willbe able to:ReadingsWhy is the absence of a business plan almost a guarantee that a business will fail?a. Critique the business plan of a person who wants to start a business.b. Draw conclusions as to why a business plan is vital to the success of a business.G pp.: 100-101, SW pp.: 62-68Lesson #2- The Business Plan: Developing a Business ConceptGuidingQuestionStudents willbe able to:ReadingsHow does a potential entrepreneur go about determining the kind of business tostart?a. Describe the steps they will take to determine the type of business they plan to“develop” this year.b. Identify at least three sources for finding ideas for entrepreneurial ventures.c. List and describe three potential entrepreneurial ventures that they will exploreas potential business ventures.G pp.: 44-56, SW pp.: 16-20Lesson #3- The Business Plan: Developing the Blueprint for a Business PlanGuidingQuestionStudents willbe able to:ReadingsWhy do I need to “waste my time” creating a business plan?a. Verbalize issues they have related to creating a business plan for a theoreticalbusiness.b. Identify the correct sequence for developing a business plan.c. Use their textbooks, EntreSkills and an activity sheet to compare and contrastdifferent approaches to creating a business plan.G pp. 88-89, 100-106, SW pp. 31, 69-774

Lesson #4- Defining the Components of a Business PlanGuidingQuestionStudents willbe able to:ReadingsHow does an entrepreneur create a business plan?a. Define and illustrate the components of a business plan.§Use their computer skills to set up an appropriate template for their business plan.b. Demonstrate their knowledge of the functions of the components of a businessplan in response to Jeopardy‐style questions.c. Articulate in writing the purposes, mission, products and services and goals oftheir businessventure.G pp. 100-102, 107-109, 200, 300, 400, 470, 530, 532-543, SW pp. 69-81Unit III. EconomicsProposed time frame: 4 weeksAchievement Standard: Apply economic concepts when making decisions for anentrepreneurial ventureLesson #1- The Basic Economic Problem: The Mismatch of Unlimited Wants and Needsand Limited Economic Resources; An Introduction to Sustainability.GuidingQuestionStudents willbe able to:ReadingsWhy can’t we all have everything we want?a. Define supply, demand, scarcity, market, goods, services, price.b. Explain and give examples to prove why everyone’s wants cannot besatisfied.G pp. 11-13, SW pp. 35-38Lesson #2- How do Different Economic Systems Answer Fundamental EconomicQuestions?GuidingQuestionStudent willbe able to:Why do different economic systems answer the fundamental economicquestions differently?a. Define and give examples of the different economic systems.b. Explain how a society’s economic system is linked to the society’spolitical system.c. Draw conclusions as to why the United States is identified as having a“mixed” economy.d. Draw conclusions and give examples to prove why different economicsystems answer the fundamental economic questions differently.5

ReadingsG pp. 7-10, SW pp. 42-45Lesson #3- The Factors of Economic ProductionGuidingQuestionStudents willbe able to:ReadingsHow do the various factors of economic production come together toproduce a society’s goods and services?a. Define and give examples of the different factors of productionb. Draw conclusions as to how the production of a good or service dependson bringing together the various factors of production.c. Determine the role of management in bringing together the factors ofproduction.d. Explain how the issue of sustainability impacts the use of the factors ofproduction.G pp. 10-11, SW pp. 38-40Lesson #4- Principles of the U.S. Economic SystemGuidingQuestionStudents willbe able to:ReadingsHow is the economic system of the United States shaped by its principlesor goals?a. Identify and give examples of the principles of the U.S. economic systemb. Draw conclusions as to how the economic principles of the U.S. shapeeconomic decisions.c. Explain how and why economic principles can come into conflict with eachotherDetermine the role of scarcity and sustainability in the economic decisionmaking process of the USG pp. 8-11, SW pp. 45-47Lesson #5- Supply and DemandGuidingQuestionStudents willbe able to:ReadingsHow do the rules of supply and demand help determine the goods andservices that will be produced in a country?a. Define supply, demand, elasticity, equilibrium.b. Explain and give examples of the laws of supply and demand.c. Draw conclusions as to why there are shortages of some goods andservices and surpluses of others.d. Draw conclusions as to why determining equilibrium in order to set themarket price of a good or service is almost impossible.e. Illustrate the principles of elasticity of supply and demand.f. Create their own supply and demand charts for items of their ownselection.G pp. 11-13, SW pp. 49-50Lesson #6- Market Structure and Prices6

GuidingQuestionStudents willbe able to:ReadingsHow does competition impact the way in which prices are determined inthe United States?a. Define and give examples of the various degrees of competition.b. Draw conclusions as to how prices are determined in a pure marketeconomy.Give examples of items in the United States that are not priced solely basedupon supply and demand.c. Explain why the economy of the United States has items that are priced inthe same way that items in a command economy are priced.G pp. 8-9, SW pp. 52-54Lesson #7- The Circular Flow of Economic Activity Among Households, Businesses, andGovernments.GuidingQuestionStudents willbe able to:ReadingsWho gets the goods and services that are produced by the U.S. economicsystem?a. Draw conclusions as to how goods and services are distributed in theUnited States.b. Describe and illustrate what is meant by the circular flow of economicactivity in the United States.c. Explain how the government has the power to alter the circular flow andunder what circumstances the government will take actions to control oralter the flow of the a/circular.htmlLesson #8- Measuring Economic ActivityGuidingQuestionStudents willbe able to:ReadingsHow do economists measure the health of individual businesses, selectindustries and the United States economy?a. Draw conclusions based upon the use of cost/benefit analysis, the law ofdiminishing returns, and the concept of economies of scale, as to why abusiness might decide to produce less than it has the capacity to produceb. Explain the relationship between the productivity of individualbusinesses and the overall health of the U.S. economyc. Draw conclusions as to why an upward trend in the stock market does notnecessarily mean that there will be an increase in the creation of new jobsG pp. 14-15Lesson #9- The Business CycleGuidingQuestionStudents willbe able to:Why can’t the country always be in a state of prosperity?a. Define and give examples of indicators for each phase of the businesscycleEmploy various print and on-line media to prove a point of view as to wherein the business cycle the US economy is and where it is heading7

b. Use persuasive arguments to convince other class members of their pointof viewReadingsG pp. 14-15Lesson #10- The Economic Role of GovernmentGuidingQuestionStudents willbe able to:ReadingsWhat does “free enterprise” really mean in the United States?a. Draw conclusions as to what is meant by the term “free enterprise”.b. Give examples of how the government and businesses interact during“normal” times.c. Determine why the United States needs to have the government involvedin “free useconomyworks/a/government.htm?p 1Lesson #11- TaxationGuidingQuestionStudents willbe able to:ReadingsHow do governments use taxation to both shape the economy and supportthe activities of government?a. Identify, define, and give examples of the various types of taxes that existin our country.b. Explain how a society can use taxes to both support government activitiesand to shape societal norms.c. Draw conclusions as to why taxes are considered a “necessary evil” /1637409/some good reasons why we pay taxes pg2.html?cat 27Lesson #12- Monetary PolicyGuidingQuestionStudents willbe able to:ReadingsHow does the Federal Reserve System of the United States use monetarypolicy to help stabilize the economy and control spending when necessary?a. Define monetary policy.b. Draw conclusions as to the results of different actions taken by theFederal Reserve using its power to control monetary policy.http://www.finpipe.com/monpol.htmLesson #13- Fiscal PolicyGuidingQuestionStudents willbe able to:How does the United States government use fiscal policy to help shape theeconomy?a. Define and give examples of fiscal policy.b. Use examples from the media to illustrate the use of fiscal policy to helpraise funds for the government or to help shape the purchasing powers ofthe American people.8

c. Identify an action taken by the government that is an example of fiscalpolicy that the student agrees with and one that the student disagrees withand write a brief persuasive position paper explaining the student’s point tcee.plLesson #14- Business in the Global EconomyGuidingQuestionStudents willbe able to:ReadingsWhat is the role of the United States in the global economy? or We’reNumber 1! Not so quickly United States!a. Identify various terms related to international trade.b. Cite examples to illustrate each of the international terms previouslydefined.c. Draw conclusions as to why the United States’ economy has become moredependent upon the economies of other nations in the time since World War II.d. Draw conclusions as to the influence of the internet on the globalization ofeconomic systems.e. Identify examples of products that rely on the production of goods in othercountries in order for the United States to create a finished product.f. Determine if isolationism is the way to bring about economic prosperity for theUnited States.g. Explain why the issue of sustainability must be addressed on a global front.G pp. 68-87, SW pp. 350-352, 378-384Unit V. ManagementProposed timeframe: 3 weeksAchievement Standard: Develop a management plan for an entrepreneurial venture.Lesson #1- Understanding Leadership StylesGuidingQuestionStudents willbe able to:ReadingsIs there one leadership style that best ensures success for an entrepreneur?a. Explain the concepts of leadership and power within a business organizationb. Describe the difference between the entrepreneurial and managerial role for anew business ownerc. Describe the traits of effective leadership and qualities that define an effectiveleaderd. Analyze different leadership styles employed by entrepreneursG pp. 306-317, SW pp. 270-275, 291, 316-3199

Lesson #2- Business Growth and DevelopmentGuidingQuestionStudents willbe able to:ReadingsHow can entrepreneurs most effectively promote the growth and development oftheir businesses?a. Describe the different phases of the business life cycleb. Examine the primary methods for growing one’s businessc. Compare and contrast horizontal and vertical forms of business growthd. Discuss the challenges facing entrepreneurs that come with expanding one’sbusinesse. Suggest the means by which entrepreneurs can effectively meet the challengesentrepreneurs might face growing their businessesG pp. 494-505, SW pp. 362-369Lesson #3- Management Concepts and FunctionsGuidingQuestionStudents willbe able to:To what extent must entrepreneurs take on different roles in managing theirbusinesses?a. Explain the different management levels commonly found in entrepreneurshipventuresb. Describe the key skills that effective managers in entrepreneurship venturespossessc. Discuss the roles common to most managers in entrepreneurship venturesd. Analyze the functions of management that are essential for business survivaland successReadingsG pp. 304-312,SW pp. 270-275Lesson #4- Decision Making and Problem SolvingGuidingQuestionStudents willbe able to:ReadingsHow do entrepreneurs go about making decisions that solve key businessproblems?a. Discuss the decision making mechanism managers in entrepreneurships useb. Examine the considerations that managers must take into account in makingdecisions.c. Identify barriers faced by managers in making decisionsd. Apply the decision making mechanism to a hypothetical situationG pp. 35, 62, 316-317, SW pp. 21-25Lesson #5- Managerial Operations and EmployeesGuidingQuestionHow do effective entrepreneurs deal with human resource issues?10

a. Explain the relationship between the effectively managing people and thesuccess of a businessStudents willbe able to:b. Examine the kinds of human resource issues encountered in entrepreneurialventures including recruiting, hiring, establishing a pay and benefits package,training, evaluating, promoting, and dismissingc. Analyze effective approaches used by entrepreneurs for dealing with humanresource issuesReadingsG pp. 382-388, SW pp. 300-322Lesson #6- Functions of ManagementGuidingQuestionStudents willbe able to:ReadingsWhich functions of management are most important for an entrepreneur tomaster?a. Examine the four traditional functions of management are planning, organizing,directing, and controlling the resources of the organization.b. Discuss the importance of the following less traditional functions ofmanagement: energizing, empowering, supporting, facilitating, innovating, andlearningc. Analyze various approaches for performing the functions of managementeffectivelyd. Developing an organization structuresG pp. 306-312, SW pp. 270-275Lesson #7- Developing an Organization StructuresGuidingQuestionStudents willbe able to:ReadingsShould an entrepreneur organize his or her business based on entrepreneur’spersonality or the type of business being established?a. Discuss the role that the following factors might play in organizing business:geography, products, customers, functionsb. Identify the elements of an organizational business structure (e.g. division oflabor, span of control, authority, characterization of jobs, decision-making etc.)c. Compare and contrast a flat vs. tall business organization and centralized vs.decentralized forms of organization and explain the advantages anddisadvantages of eachd. Draw conclusions about a business from a sample business organization chartG pp. 369-372, SW pp. 302-303Lesson #8- Motivating Employees and Employee MoraleGuidingQuestionHow do effective managers keep employee morale high and still effectivelyoperate their businesses?11

Students willbe able to:Readingsa. Discuss the factors that an entrepreneur should consider in hiring an employee,building a strong team, retaining “star” employees,b. Describe those factors that lead to high employee job satisfaction and highemployee dissatisfactionc. Recognizing characteristics of employees with high moraled. Examine managerial strategies for motivating employees, creating a high levelof morale, establish high job satisfaction among employeesG pp. 311-312, SW pp. 318-322Lesson #9- Communication and Managing an Entrepreneurial VentureGuidingQuestionStudents willbe able to:ReadingsWhy is it so important for managers to communicate properly with people insideand outside their businesses?a. Identify the basic forms of communication in an entrepreneurial ventureb. Describe the means of implementing the basic forms of communicationc. Suggest ways to overcome barriers to communication in a businessG pp. 35, 312, 315, 511, SW pp. 12, 24, 26-27, 35Unit VI. MarketingProposed timeframe: 4 weeksAchievement Standard: Analyze consumer groups and develop a plan to identify,reach, and keep customers in a specific target market .Lesson #1-The Marketing ConceptGuidingQuestionStudents willbe able to:ReadingsIs marketing the critical factor in determining success for an entrepreneurialventure?a. Describe the concept of marketingb. Discuss the two basic stages of marketing: the detective work and creativeworkc. Explain how successful businesses use the marketing concept to determinehow to satisfy customers’ wants and needs, develop and sell products/servicesthat customers consider better choices than others, and operate profitablyG pp. 206-207, SW pp. 120-121Lesson #2- Identifying The Target MarketGuidingQuestionHow do entrepreneurs identify the target market?12

Students willbe able to:Readingsa. Explain the importance of understanding the target market for anentrepreneurb. Compare and contrast the following approaches for targeting a market:personal interview survey, mail survey, and telephone surveyc. Create sample questions for a marketing surveyd. Examine how entrepreneurs determine target markets based on surveyresultsG pp. 118-119, SW pp. 91-94Lesson #3- Researching the MarketGuidingQuestionStudents willbe able to:ReadingsWhat is the best existing source for researching a target market?a. Describe the steps involved in gathering market researchb. Examine the methods by which entrepreneurs can capture information thatalready exists about the market and the industryc. Evaluate the different existing sources of marketing information to determinewhich are the most valuableG pp. 116-127, SW pp. 97-103Lesson #4- Competition AnalysisGuidingQuestionStudents willbe able to:ReadingsHow entrepreneurs use competition analysis in their businesses?a. Discuss the importance of knowing one’s direct and indirect competitionwhen operating a business and understanding the competition’s strengths andweaknessesb. Examine the competitive factors entrepreneurs look at before establishingtheir businessesc. Determine which competitive factors should an entrepreneur focus on inestablishing his or her businessd. Describe the steps entrepreneurs take in conducting a competitive analysisrelated to their businessesG pp. 126-127, SW pp. 104-108Lesson #5- Market NicheGuidingQuestionStudents willbe able to:ReadingsHow do entrepreneurs find the right market niche?a. Explain the term marketing nicheb. Discuss the importance to entrepreneurs of finding the right marketing nichec. Examine the methods used by entrepreneurs to find the right market ls/a/defineyourniche.htm13

Lesson #6- Creating a Marketing StrategyGuidingQuestionStudents willbe able to:ReadingsWhat’s the best way to create marketing strategy?a. Discuss the importance of creating a marketing strategyb. Identify the ingredients used in a marketing strategy (e.g. productintroduction, pricing, distribution, promotion, projected profitability, and salesor market share).c. examine some sample marketing plansd. Create a sample marketing strategy for a small business of their choiceG pp. 206-207, SW pp. 121-125Lesson #7- The Marketing Mix: Product, Features, Branding, and PositioningGuidingQuestionStudents willbe able to:ReadingsHow does an entrepreneur develop the appropriate product strategy?a. Explain the following elements of the product strategy: features, branding,and positioningb. Examine how entrepreneurs go about creating a product strategy includingfeatures, branding, and positioningc. Create a sample product strategyG pp. 207-209, SW pp. 126-130Lesson #8- The Product Life CycleGuidingQuestionStudents willbe able to:ReadingsHow important is a product’s life cycle in the marketing plan?a. Describe the concept of the product life cycle and the role in plays in abusiness’s marketing planb. Explain the different stages of the product life cyclec. Discuss the steps involved in new product developmentG pp. 237, 344-347, SW pp. 366-369Lesson #9- The Marketing Mix: Price and Break-Even AnalysisGuidingQuestionStudents willbe able to:What role does “price” play in a business’s marketing mix?a. Identify pricing objectives that an entrepreneurs should consider in runninghis or her businessb. Explain the different methods for calculating the price of a productc. Examine the factors that entrepreneurs should consider in setting prices14

Readingsd. Describe the various pricing techniques (e.g. introductory pricing,psychological pricing, and discount pricinge. Discuss the concept of “break-even” analysis and calculate the break-evenpoint for a sample productG pp. 230-248, SW pp. 131-140Lesson #10- The Marketing Mix: DistributionGuidingQuestionStudents willbe able to:ReadingsWhat must an entrepreneur know about distribution in order to be successful inhis/her business?a. Describe the options of channels of distributionb. Explain why the channels of distribution are different for retail, service, andmanufacturing businessesc. Examine the factors to consider in the physical distribution of productsG pp. 353-356, 209-213, 221-222, SW pp. 148-153Lesson #11- The Marketing Mix: PromotionGuidingQuestionStudents willbe able to:ReadingsWhy is it so essential for an entrepreneur to effectively communicate to thetarget market?a. Describe the range of methods a small business owner utilizes to promotehis/her product or service to the target market.b. Explain the ingredients of a promotional plan for a product or servicec. Evaluate the various forms of promotion to assess which is the most effectiveG pp. 254-257, 260-272, SW pp. 161-168Lesson #12- AdvertisingGuidingQuestionStudents willbe able to:ReadingsHow should an entrepreneur use advertising to sell his/her product or service?a. Describe the various forms of advertising that are employed in promoting aproduct.b. Examine the advantages and disadvantages of the various forms ofadvertisingc. Create an advertising campaign for a sample product or serviceG pp. 258-260, SW pp. 154-160Lesson #13- SellingGuidingQuestionStudents willbe able to:Are good salespeople born that way or can one learn to be a good salesperson?a. Explain the role of selling in a business.b. Discuss the relationship between selling and meeting customers’ needs andwants15

Readingsc. Examine the necessary elements in an effective sales training programG pp. 278-287, SW pp. 164-168Lesson #14- E-commerceGuidingQuestionStudents willbe able to:ReadingsDoes E-commerce play an essential role in the marketing of an entrepreneurialventure today?a. Discuss the role of E-commerce as a marketing tool.b. Describe the different forms of E-commercec. Discuss the advantages and disadvantages of using E-commerce as amarketing toolG pp. 25, 67, 87, 113, 151, 199, 359, 447, and 469, SW pp. 144, 169Unit VII. Global MarketsProposed timeframe: 2 weeksAchievement Standard: Analyze the effect of cultural differences, export/importopportunities, and trends on an entrepreneurial venture in the global marketplace.Lesson #1- The Effects of Globalization on BusinessGuidingQuestionStudents willbe able to:ReadingsHow has the recent trend towards globalization impacted international trade?a. Describe the concept of globalizationb. Provide examples of the effects of globalization on international tradec. Discuss the implications of globalization on entrepreneursG pp. 68-75, SW pp. 350-352, 378-381Lesson #2- The Reasons for International TradeGuidingQuestionStudents willbe able to:ReadingsDiscuss the issues involved in the current debate over international tradea. Interpret charts related to U.S. tradeb. Explain the reasons why nations engage in exporting and importing goods toand from other countriesc. Describe the impact of trade on entrepreneursG pp. 79-81, SW pp. 378-379Lesson #3- Absolute and Comparative Advantage: Explaining International Trade16

GuidingQuestionStudents willbe able to:ReadingsHow do the theories of absolute and comparative advantage explaininternational trade?a. Explain the theories of absolute and comparative advantage and theirrelationship to international tradeb. Apply theories of absolute and comparative advantage to a hypotheticalsituationexamine the implications of comparative advantage for eadings/Comparative%20Advantage.CSE.pdfLesson #4- Small Business Opportunities in International TradeGuidingQuestionStudents willbe able to:ReadingsWhere are the best opportunities for small businesses involving internationaltrade?a. Examine some of the business opportunities available for entrepreneursinvolving international tradeb. Explain the reasons why entrepreneurs find expanding opportunitiesinvolving international trade at the present timec. Discuss the risks entrepreneurs face doing business with people in othercountriesG pp. 79-83, SW pp. 380-381Lesson #5- International Trade BarriersGuidingQuestionStudents willbe able to:ReadingsHow do international trade barriers influence a nation’s ability to trade?a. Differentiate between tariffs, quotas, embargoes, subsidies and other barriersto international tradeb. Evaluate the beneficial and harmful effects of various trade barriers on theeconomies of individual nationsc. Discuss the ramifications of trade barriers on the opportunities available toentrepreneursG pp. 71,

What is entrepreneurship? Students will be able to: a. Define and give examples of entrepreneurship. b. Draw conclusions as to what they can expect to learn in a course called "Entrepreneurship and Business". c. Explain why entrepreneurship is so important to the United States economy. Readings G pp. 4-7, 15, 17-21, SW pp. 3-6

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