Lennard High School
ECON 101
Part A:
Remember the example in the lesson can be used as a guide to help you recognize the kind
of responses you should provide but your responses should demonstrate your individual
learning from the lesson.
Student Name: Jamia Thornton
Name your business: Quick Care
What will you produce? For whom? Write a paragraph summary of the purpose
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Part A:
Remember the example in the lesson can be used as a guide to help you recognize the kind
of responses you should provide but your responses should demonstrate your individual
learning from the lesson.
Student Name: Jamia Thornton
Name your business: Quick Care
What will you produce? For whom? Write a paragraph summary of the purpose of your
business. Include who will benefit from your good or service.
Most people don’t go and get checked out at the doctor because many can’t afford it.
My health care center will have a no charge care for 6 months while my receptionist
help find benefits for the clients. I will not being focused on what money you paid up
front but how are you doing physically.
How will you produce? List at least three factors of production for each of these categories:
Land – Rooms for patients, offices for my staff, and parking lot to accommodate everyone.
Labor – Make sure patient get throughly checked, provide any results that need to be
shared, and make sure my nurses are well trained
Capital – x-ray machine, funds to keep the building functioning, and the land that the center
will be on.
Entrepreneurship – having all necessary permits to examine, establish the business, and pay
property tax.
Anticipate and overcome roadblocks: In a brief paragraph, identify at least one challenge that
could prevent success in this business. Include at least one potential solution to one
challenge.
I will have a problem in the capital area. Reason being is because I will have to have the
money because my care center has no copay for 6 months so it may cause a bind in the
company financially. So I might have to cut the time for no pay down to 4 months.
Part B:
Research the contributions of another American. It should be someone who has started a
business like the one you proposed in Part A. If you need help identifying a good candidate
for your research, reach out to your instructor or other trusted adult.
In at least one complete paragraph, respond to all of the following questions:
1. Where and when did the entrepreneur grow up?
2. What business, or businesses, do they or have they run?
3. How might a person’s background (cultural, social, educational) influence their business
choices?
4. What did the entrepreneur do that in
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