Entrepreneurship: Opportunity Costs in Entrepreneurship

  • Students will be able to define the concept of opportunity cost and provide examples.
  • Students will be able to identify and explain trade-offs in decision-making for an entrepreneurial venture.
  • Students will be able to evaluate risks and returns associated with different financing options for a small business.
National Standards: Complies with NBEA Entrepreneurship 2023 Standard IV.A.2: Define opportunity costs and give examples.

  • Whiteboard
  • Markers
  • Computer and display with internet connection
  • Handouts for the case study, scavenger hunt, or quiz
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