Fairhope High School - Mr. Tim Yahr
Fairhope High School - Mr. Tim Yahr

MoNdAy 12/16/19

First in the Family Fill in the Blank
FIF quotes fill in the blank.docx
Microsoft Word document [13.6 KB]
First in the Family Fill in the Blank ANSWERS
FIF quotes fill in the blank ANS.docx
Microsoft Word document [13.8 KB]


Your answers need to be full & complete displaying knowledge from 7 lessons taught by a professional in the field.  Many times one sentence won't be sufficient.

1.  Define entrepreneur.  Give 3 attributes one should have to be a successful entrepreneur and why the attribute is helpful.

Go to this LINK and write down 5 attributes of a successful entrepreneur and use at least one sentence from the article to explain the attribute.

2.  Explain the difference between product and service.  Give 2 examples of a product and 2 examples of a service.

3.  Fully describe the customer for a YETI cooler.

Go to this LINK and write down 8 of the questions in the article that help define a customer.

4.  Define "competitive advantage".  List 3 competitive advantages for Chik-Fil-A and why they are competitive advantages.

Go to this LINK and write down the 12 bullets listed as comptetitive advantages.

5.  Why was it a good thing for Tylenol to give away 31 million of its product?

6.  What types of ownership are possible in a new buisness?  Give 1 reason why a partnership could be helpful and 1 reason why it might not be useful.

Go to this LINK and write down 3 advantages and 3 disadvantages of a partnership and include 1 sentence of explanation for each.

#7 example problem:

Cost of item you sell -> $0.40

Selling price of your item -> $2.00

You have 3 employees each earning $1,500 per month

You have rent costing $2,500 per month

You want to earn $60,000 per year

How many items must you sell to achieve all of the above?


ANSWER -> 7,500 items must be sold per month



1.  Write 1 to 29 and match the answers on the FIRST IN THE FAMILY Fill in the Blank.

2.  Do the BOLD work above by visiting each of the 4 websites and writing the answers.

3.  Do the "#7" problem above showing your work.

4.  Be ready for your midterm tomorrow TUE 12/17.


December 16th and 17th  electives will test.

December 18th  core classes will test in periods 1, 3, 5, and 7

December 19th  core classes will test in periods 2, 4, 6

December 20th  Make-up Exams:  Students who do not have a make-up exam will be excused if they bring in a parent note requesting they be excused for that Friday.

Click here to follow the directions to access student grades and other information.

Note:  You must log in twice each time you access information.

1st log in -- username   homeuser

                 password    homeuser1

2nd log in -- 

username and password that is provided on your student's INow Home Portal Login Slip - contact the school office in person for your username and password.

Click here to sign up for NOTIFY ME.

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© Timothy Yahr