Business Studies - Junior Secondary 2 - Business opportunities

Business opportunities

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TERM: 2ND TERM

WEEK THREE

Class: Junior Secondary School 2

Age: 13 years

Duration: 40 minutes of 5 periods each

Date:

Subject: BUSINESS STUDIES

Topic: BUSINESS OPPORTUNITIES

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

I.) Define Business Opportunities

II.) Identify the types of business opportunities– Local, National and International

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures,

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S

ACTIVITY

STEP 1

INTRODUCTION

The teacher explains the concept of Business Opportunities

Students listens attentively to the teacher                                                                          

STEP 2

EXPLANATION

Teacher identify and explain the types of business opportunities– Local, National and International

Students exhibit attentiveness and active engagement

STEP 3

NOTE TAKING

The teacher writes a summarized

note on the board

The students

copy the note in

their books

 

NOTE

BUSINESS OPPORTUNITIES

Business opportunities refer to favorable circumstances or situations that present potential for entrepreneurs or businesses to capitalize on to generate profit or achieve business objectives. These opportunities arise from identifying unmet needs, market gaps, emerging trends, or technological advancements that can be leveraged to create value.

Types – Local, National, and International

  1. Local Business Opportunities: Opportunities that exist within a specific geographic area, such as a city, town, or region. Examples are:Local retail stores, restaurants, service providers, real estate agencies, and healthcare facilities.

   - Characteristics: Tailored to the needs, preferences, and characteristics of the local community.

  1. National Business Opportunities: Opportunities that span across an entire country or nation. Examples are: National franchise chains, e-commerce platforms, manufacturing companies, and financial services providers.

   - Characteristics: Target a broader market beyond local boundaries, often involving scale and broader market reach.

  1. International Business Opportunities: Opportunities that involve conducting business activities across multiple countries or on a global scale. Examples are; Export-import businesses, global consulting firms, technology startups with global reach, and multinational corporations.

   - Characteristics: Require understanding of international markets, regulations, cultures, and logistics.

EVALUATION: 1.  What do you understand by business opportunities?

  1. Identify and describe the 3 types of business opportunities

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively