MembersLesson PlanEntrepreneurship
Entrepreneurship: Opportunity Costs in Entrepreneurship
An entrepreneurship lesson on opportunity cost, trade-offs in business decisions, and the risks and returns of small business financing.
Objectives:
- Students will be able to define the concept of opportunity cost and provide examples.
- Students will be able to identify and explain trade-offs in decision-making for an entrepreneurial venture.
- Students will be able to evaluate risks and returns associated with different financing options for a small business.
National Standards: Complies with NBEA Entrepreneurship 2023 Standard IV.A.2: Define opportunity costs and give examples.
Materials:
- Whiteboard
- Markers
- Computer and display with internet connection
- Handouts for the case study, scavenger hunt, or quiz
1 item
Published
Resource #452