Question

1. local issues & business solutions

think about your community and what has been happening in the news recently.

• list 5 major issues that have been in your local news over the past few months.
• choose one of those issues that you think could be solved (or improved) by starting a business.
• describe what that business would look like.

o what would the business be called?
o what would it do to help solve the issue?
o who would the customers be?
be creative but realistic!

1. vocabulary - chapter 7 terms

using your own words, define the following business terms from chapter 7 of your textbook:

• business opportunity
• franchise
• nondisclosure agreement
• prototype

try to include a quick example or explanation for each to show what it means in real life.

Explanation:

1. Local Issues & Business Solutions

1. Five major local - news issues could be traffic congestion, lack of healthy food options, limited recycling services, high unemployment among youth, and a shortage of pet - care facilities. For example, if we choose the lack of healthy food options as the issue to address with a business, we could start a "Healthy Bites Café". This café would offer a variety of nutritious meals and snacks made from local, organic ingredients. The customers would be health - conscious individuals, office workers looking for a quick and healthy lunch, and families seeking a nutritious dining option.

• Business Opportunity: It's a situation where there is a chance to start and run a profitable business. For example, if a new housing development is planned in an area, starting a home - improvement store there could be a business opportunity.
• Franchise: A legal agreement where a company (the franchisor) allows another party (the franchisee) to use its business model, brand name, and operating systems. McDonald's is a well - known example of a franchise, where franchisees open and operate McDonald's restaurants following the company's standards.
• Nondisclosure Agreement: A contract between parties that prohibits the sharing of confidential information. For instance, when a startup shares its new product idea with potential investors, they may sign a nondisclosure agreement to prevent the investors from sharing the idea with competitors.
• Prototype: A preliminary model or sample of a product. For example, an electronics company may create a prototype of a new smartphone to test its features and functionality before mass - production.

Answer:

• Five major local news issues: Traffic congestion, lack of healthy food options, limited recycling services, high youth unemployment, shortage of pet - care facilities.
• Chosen issue: Lack of healthy food options.
• Business name: Healthy Bites Café.
• What it does: Offers nutritious meals and snacks from local, organic ingredients.
• Customers: Health - conscious individuals, office workers, families.

2. Vocabulary - Chapter 7 Terms