EQ - How is price determined so an entrepreneur can make a profit?
- Activator: What do you know about price?
- Introduce Price Equation
- Vocabulary
- Costs
- Fixed Costs
- Variable Costs
- Introduce Profit Equation
- Discussion Questions:
- How can we increase our profit?
- How do you know how much a customer will pay? (*hint* last class)
- How can we reduce our costs?
- TPS - Making the connection and answering the EQ
- TOD or homework - After today's lesson, why is the outsourcing of American jobs a viable option for American companies ? (Feel free to discuss this with your family)EQ - How is price determined so an entrepreneur can make a profit?
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