Browse Texas State Standards

 Courses:: 124.12. Entrepreneurship (One-Half to One Credit).
Knowledge/Skills:
The student knows business concepts and how business satisfies economic needs.
The student knows the importance of marketing as well as the functions of marketing.
The student knows that successful entrepreneurial ventures depend on preliminary analysis and planning.
The student applies math concepts in entrepreneurship.
The student knows how to use self-development techniques and interpersonal skills to accomplish business objectives.
The student knows that management is the process of achieving goals through the use of human resources, technology, and material resources.
The student knows that entrepreneurship requires continual self-assessment, research, and preparation.
The student knows the impact and value of diversity.
The student knows that entrepreneurial opportunities begin with a working knowledge of economic concepts.
The student knows that international economic factors affect business planning.
The student knows that distribution involves activities associated with the physical movement or transfer of ownership of products from producer to consumer.
The student knows that financial planning is necessary for the entrepreneur's success and solvency.
The student knows that offering consumer credit encourages the sale of goods, services, and ideas.
The student knows that marketing research is a specific inquiry to solve a problem.
The student knows that pricing has policies, objectives, and strategies.
The student knows the effects of credit on price and profit.
The student knows the importance of managing the pricing structure.
The student knows elements and processes of product planning.
The student knows the process for development, implementation, and evaluation of a promotional plan.
The student knows that purchasing usually occurs in a continuous cycle.
The student knows that entrepreneurial risk is the possibility of loss or failure.
The student knows the role of selling.