Standards
STANDARDS
Depending on what the students choose for a business these are some of the California Standards that may apply.
B1.0 Students understand the basic aspects of entrepreneurship:
B1.1 Analyze the characteristics of successful entrepreneurs.
B1.2 Understand the different types of business ownership and the advantages and disadvantages of owning and managing a small business.
B1.3 Apply principles and procedures of accounting and finance to the operation of a small business.
B1.4 Know the risk management principles associated with small business ownership.
B1.5 Formulate pricing strategies for goods and services for a small business.
B1.6 Know how the various channels of distribution and inventory control systems
are important to the marketing process of a small business.
B1.7 Know the elements of effective human resources management and how these practices benefit small businesses.
B2.0 Students understand the elements and purpose of a business plan:
B2.1 Understand the reasons a small business develops a business plan.
B2.2 Conduct market research by using a variety of methods.
B2.3 Analyze market research to develop a marketing plan.
B2.4 Develop a financial plan that outlines sources of capital and projects income and expenses.
B2.5 Analyze a proposed business situation and its potential market.