In this lesson, students will learn how to be a skillful entrepreneur that transforms ideas into businesses. They will define profit, cost, and revenue. In addition, they will understand the important of the 4Ps of marketing: product, price, place, and promote. Then, they will create their own business card to sell Robot Salad at VilBot’s Family Reunion.
Lesson Plans for Entrepreneurship: Robot Salad for Sale | Verizon Innovative Learning
Lesson
Entrepreneurship: Robot Salad for Sale
Grade Level
6, 7, 8
Estimated length
1 to 2 class periods
Overview tab selected 1 of 3
Objectives
- Define profit, cost, and revenue.
- Understand the importance of the 4Ps of marketing.
- Create their own business model to sell Robot Salad at VilBot's Family Reunion.
Learning Outcomes
Author
J. Orin Edson Entrepreneurship + Innovation Institute at Arizona State University
Technologies Involved
- Laptop/Desktop
- Tablet
Supplies Required
- Pen or pencil
- Paper
- Coloring utensils
- Activity worksheet