Week 28- Innovators

The photograph helps the reader understand that ___________________________.

• All goods are produced using assembly lines

• Many people work together on an assembly line

• Assembly lines were invented in the 21st century

• Factories with assembly lines produce fewer goods

One way to increase your profit as a business owner is to __________.

• Sell fewer items

• Increase expenses

• Lower production costs

• Decrease prices of goods

How did Henry Ford change the manufacturing process?

• He invented the assembly line.

• He created a new way to ship goods.

• He stocked the shelves with low priced goods.

• He bought supplies from the lowest-priced seller.

Study the diagram. What is the cost to produce one glass of lemonade?

• $0.20

• $0.30

• $0.60

• $0.80

What is production cost?

• when the expenses of the business is more than its income

• the amount of money it takes to make a good or provide a service

• the money left over after a business pays all its expenses

• the money it costs to run a business

Who is the founder of Walmart?

• Sam Walton

• Mikaila Ulmer

• Sonia Clayton

• Henry Ford

What company did Henry Ford start?

• Me & the Bees Lemonade

• Virtual Intelligence Providers

• Walmart

• Ford Motor Company

Match Mikaila Ulmer to the business she started.

• Me & the Bees Lemonade

• Virtual Intelligence Providers

• Walmart

• Ford Motor Company

Study the diagram of Shawna's business plan.
If Shawna finds a cheaper source for sugar, now costing $0.10, how will this impact her business plan?

• Nothing changes.

• Profits will increase.

• The price will increase.

• Expenses will increase.

What does the term "expenses" mean in a business context?

• The costs to run a business

• The money a business earns

• The money left over after profits

• The price of the goods being sold