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This is the story of Goodies Gift Shop in its third year of operation in Small Town USA. Amelia Goodies, the owner, runs the shop with 4 full time employees, 2 part timers and herself. Her sales last year were $500,000 and her profit was $20,000 after taxes. The activity supports the Entrepreneurship Content Standards/Performance Indicators as follows: • D.02 Apply effective listening skills, • D.03 Use proper grammar and vocabulary, • D.05 Explain the nature of effective verbal communications, • F.02 Explain the factors of production, • F.07 Explain the principles of supply and demand, • F.08 Describe the concept of price This resource is part of the Entrepreneurship Learning Activities collection.
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