Day 2
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Review
What was the name of the boy from yesterday?
What country is he from?
Complete this word ( B U S _ N E _ _ )
Complete this word ( E N _ _ E P _ E N E U _ )
How are businesses organized?
With so many businesses around the world, how are they organized?
To organize everything, we create groups with similar characteristics.
– For food, we can organize based on food types such as fruit, meat, dairy, and sweets.
– For cities, we can organize based on what country they’re located in, such as South Africa, France, and the United States of America.
Industries
We organize businesses into groups called industries. An industry is a group of businesses that sells similar things.
Candy
+ The Hershey Company
+ See’s Candies®
Clothing
+ Vans®
+ GUCCI®
+ Verizon®
+ T-Mobile
How are industries organized into smaller groups of businesses?
Industries are broken into smaller groups based on the specific things the businesses sell.
For example, let’s breakdown the sports equipment industry.
Sports Equipment (Businesses: Riddell, Under Armour®, Louisville Slugger®, Majestic)
American Football
(Riddell, Under Armour®)
-
Helmets (Riddell)
- Cleats (Under Armour®)
Baseball
(Louisville Slugger®, Majestic)
-
-
Bats (Louisville Slugger®)
-
-
-
Apparel (Majestic)
-
Can you break down your favorite industry?
Examples:
-
Fashion
-
Video Games
-
Food
-
Cars
Response
How do we organize businesses?
How are industries organized into smaller groups of businesses?
Can you name some industries?
In which industry would you want to start a business?
Industries are grouped into smaller groups based on the specific things they sell. (True or False)
True
What ways could the sports industry be broken down into smaller groups? (Multiple correct answers)
Football
Baseball
Basketball
Hockey
What ways could the food industry be broken down into smaller groups. (Multiple correct answers)
Fruit
Vegetables
Meats
Dairy
What ways could the clothing industry be broken down into smaller groups. (Multiple correct answers)
Shoes
Pants
Hats
Shirts
Belts
What ways could the school supplies industry be broken down into smaller groups. (Multiple correct answers)
Pencils
Pens
Books
Laptops
What ways could the furniture industry be broken down into smaller groups. (Multiple correct answers)
Couches
Tables
Bookcases
Chairs
What ways could the automotive industry be broken down into smaller groups. (Multiple correct answers)
Trucks
Cars
Buses
What ways could the video game industry be broken down into smaller groups. (Multiple correct answers)
Computer games
Mobile games
Console games
Day 2 Homework
(Complete your homework assignment on paper)
What industry would you want to start a business in?
In a few sentences, explain why you would choose this industry.