Innovators - Week 28 Studies Weekly

Study the image. 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... (HINT: profit=how much you make after all expenses have been covered).

• sell fewer items

• increase expenses

• lower production costs

• decrease price 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.

What is the cost to produce one glass of lemonade?

• $0.20

• $0.30

• $0.60

• $0.80

Which person was the creator of Walmart?

• Sam Walton

• Mikaila Ulmer

• Sonia Clayton

• Henry Ford

Which person was the creator of Virtual Intelligence Provider?

• Sam Walton

• Mikaila Ulmer

• Sonia Clayton

• Henry Ford

Which person was the creator of Me & the Bees Lemonade?

• Sam Walton

• Mikaila Ulmer

• Sonia Clayton

• Henry Ford

Which person was the creator of Ford Motor Company?

• Sam Walton

• Mikaila Ulmer

• Sonia Clayton

• Henry Ford

What is the price of a glass of lemonade?

• $0.10

• $0.20

• $0.60

• $0.80

Study the diagram of Shawna's business plan. Shawna finds a cheaper source for sugar. It now costs $0.10. How will this impact her plan?

• Nothing changes.

• Profits will increase.

• The price will increase.

• Expenses will increase.