Create Your Own Business Project
Assignment 2: Business Proposal Project Part II (28)
Write a business proposal in unbound report format. It must be a minimum of one page. It must be typed and
contain all of the information below. Every item needs to be detailed explanations.
1. List the Costs to Open your business: Rent or Mortgage (Are you going to Lease, buy, or rent the
building to house your business explain needs to be for at least one month), utilities, inventory of
products (What products do you need in your business?) etc.
2. Illustrate and Answer how your business answer the Three Basic Economic Questions
a. What to Produce
b. Whom to Produce
c. How to produce
3. List the Scarce resources used to open your business, “Natural and Man Made, 10 minimum items”
4. List the final goods and services you will be selling at estimated retail prices (This is your inventory of
stocked items for sale)
5. List the four factors of production your business uses and explain each as they apply with your project.
6. Illustrate the Circular Flow of Economic Activity your business will provide.
7. Using the Production Possibility Frontier Curve Illustrate Alternative Possibilities, Inefficiency, and
economic growth.
Business Proposal Rubric Part II
Category
Cost and Inventory
Three basic
economic questions.
Scarce Resources
Goods and Services
Four Factors of
Production
Circular Flow
Diagram Illustration
Production
Possibility Frontier
/Curve
4
Information is very
organized with wellconstructed list and
explanations of cost,
inventory, and
utilities.
Illustrations and
answered in
complete sentences
how your business
answers the Three
basic economic
questions.
List and numbered 10
scarce resources and
they are identified as
“Man Made or
Natural” All ten have
to be correctly
identified.
List the Final Goods
and Services you will
be selling and at
what price you will
be selling the goods
and services.
Identify the Four
Factors of Production
in your business and
explain how each
applies to your
business. (Use
Complete sentences)
Illustrate a full
circular flow diagram
and how your
business fits into the
circular flow diagram.
(It needs to show
where and how your
business contributes
to each portion of
the flow diagram)
3
List are constructed
but without
explanations and
sentences.
2
Lists are constructed
out of order and/or
missing required
information.
1
Less than half of the
completed list.
0
did not
complete
Illustrations are
confusing, or
sentences are not
clear on answering
the Three basic
economic questions.
Only has one or the
other, but not both
the illustrations and
the answers the
Three basic economic
questions.
did not
complete
List less than 10
scarce resources and
or has 10 items but
the items are miss
labeled.
List only seven to four
items and labeled
correctly.
Does not
demonstrate
knowledge of the
three basic economic
questions in
illustration form or
writing.
List less than four
items correctly.
Missing one –three
goods or services.
Does not have the
prices listed or the
prices are not
realistic.
Identifies less than
the four factors of
production with
explanations. (Use
complete sentences)
Prices are listed, but
is missing more than
three goods are
services.
Does not list prices
for any goods or
services being
offered
did not
complete
Only identifies the
factors of productions
but does not include
sentences
explanations.
Identifies less than
two factors of
production.
did not
complete
Illustration is drawn,
but the business
contributions are not
correct in two or
more areas.
The circular flow
diagram is missing
some key
components and the
business contribution
is incorrect.
The Circular flow
diagram is not
illustrated correctly
and missing the
business contribution
to the circular from
diagram.
did not
complete
Identify on the PPC/F
alternative
Possibilities,
Inefficient use of
resources and what
would cause
economic growth and
what would be the
result of economic
growth.
One component of
the PPC/F is missing
but all other parts are
listed.
Two or more parts
are missing or the
PPC. The Axis are miss
labeled or points are
missed labeled.
The PPC/F is
incorrectly illustrated
and missing all
points on the graph.
did not
complete
did not
complete
did not
complete