11. Competition
Are there other kids in the area
selling lemonade? Is there a store
that sells lemonade nearby? Is their
lemonade better than yours?
12. Start Up
Costs
What do we need to buy in order to
prepare for the lemonade stand?
13. Business is everything from what your parents do to earn
money, what the stores are doing where you buy things
and what all people do to earn money to live on. Business
is about people earning money to have; the things they
need (food, house, car, clothes, education), the things they
want (toys, electronics, sporting goods, books) or to do
the things they want to do (entertainment, travel, etc.).
Business is what people do after they finish going to
school. School helps you to prepare yourself with many of
the basic skills you will need for business. Business
includes terms like
working, career, job, profession, occupation, stores, factori
es, restaurants, and almost everything you are involved in
outside of your family and school.
14. Product Marketin
Demand g
Sales
Start Up costs Pitch
Competition
Supply Budget
