Entrepreneurship For Kids - Naomi Finds A Spot

Naomi wants to set up a lemonade stand during her summer vacation. After discussing with the apartment complex office, she is given three location options: the building lobby, the garden, and outside the clubhouse. Naomi evaluates each location and decides that the clubhouse is the best choice as it will attract more customers. Her dad agrees, and she gets permission to set up her stand there for two hours daily. The video concludes with advice on considering all options before making a business decision and hints at the next video about Naomi's promotion plan.

What were the three locations Naomi could choose from for her lemonade stand?

• Mall, beach, and library

• Park, street corner, and school

• Building lobby, garden, and clubhouse

• Cafe, bookstore, and gym

Why did Naomi decide against setting up her stand in the building lobby?

• It was too noisy

• It was too far from her apartment

• It would only attract residents

• It was too crowded

What was Naomi's reasoning for choosing the clubhouse as the best location?

• It was the most scenic spot

• Visitors would be thirsty after using it

• It had the most foot traffic

• It was the closest to her home

How long is Naomi allowed to operate her lemonade stand each day?

• Four hours

• Two hours

• Three hours

• One hour

What advice does the video give about making business decisions?

• Always choose the most popular option

• Consider different locations before deciding

• Follow what others are doing

• Choose the cheapest option