4th Grade Entrepreneurship Pathway

What does it mean?

Word #1: entrepreneur

Example: At fifteen, the young entrepreneur began sewing his creations and selling them to manufacturers in New York.

• A new business

• Someone who works for a big company

• Someone who creates or runs a business

• A piece of clothing

What does it mean?

Word #2: market

The market for used sports equipment is growing.

• Cub foods

• Any space where goods and services are sold

• A basket full of vegetables

• A pen for correcting papers

What does it mean?

Word #3: revenue

Sylvia's revenue for her lemonade stand was exactly $43.

• A teacher

• What you get when you win the lottery

• A small boat you can take down the river

• They money you take in when you sell something

What does it mean?

Word #4: profit

The football team sold candy bars at school and kept the profit to buy new helmets and uniforms.

• The money you make AFTER you pay for something

• A pair of shoes that fit well

• A type of football

• A million dollars

What does it mean?

Word #5: resources

The business manager thought the employees were the most valuable resource the company had.

• A type of drain

• The things a business needs to run

• A movie theatre

• A business plan

What does it mean?

Word #6: productivity

The productivity of the factory was negatively impacted when the power went out.

• What restaurants do

• The bathroom

• The things that are sold in stores

• How much can be made in a certain time

What does it mean?

Word #7: risk

The risk involved in starting a new restaurant was too great.

• hiring new people

• the possibility that a business might lose money or go out of business

• a business plan

• how much can be made in a day

What does it mean?

Word #8: rent

They paid the monthly rent so they could keep doing business in their shop.

• A person who collects money

• Lunch cost

• Taxes

• What you pay to stay in a place

What does it mean?

Word #9: labor

The cost of their labor went up when they hired more workers.

• What is paid for the space a business is in

• Transportation

• The work that goes into making a business run

• Uniforms

What does it mean?

Word #10: goods

The goods produced by the factory were sold at Target.

• people who work for a business

• things that are sold

• the best types of things

• food