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Understanding profit is essential to anyone interested in starting their own business. It is also important for anyone who works in a business that seeks to make a profit. Much of the misunderstanding about profit is related to a lack of understanding of the terms used in business that explain financial decisions.<p/> The activity supports the Entrepreneurship Content Standards/Performance Indicators as follows: <p>• D.02 Apply effective listening skills,</p> <p>• D.03 Use proper grammar and vocabulary, </p> <p>• D.05 Explain the nature of effective verbal communications, </p> <p>• F.02 Explain the factors of production, </p> <p>• F.07 Explain the principles of supply and demand, </p> <p>• F.08 Describe the concept of price</p><p/> <b><p>This resource is part of the <a href="http://www.curriki.org/xwiki/bin/view/Coll_Entrepreneurship1/EntrepreneurshipLearningActivities">Entrepreneurship Learning Activities</a> collection. </p></b></p>
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