Business II: Understanding Business Costs

Interactive Video

Let’s take a closer look at what it really costs to run a business

Drag the Words

Read each sentence and drag the correct word into the blank. Be careful — some of them are a little tricky!

Small Business Scenario

Today, we’re going to look at how a small furniture-making business works ↓  Let’s see if you can find out how they make a profit!

Let’s say you want to have a small furniture making workshop and a shop to sell the furniture you make.

Copy of Cream Simple Budget Pie Chart Graph (2)

What would be some of your main expenditures?

Read the information below and then answer the question

Copy of Cream Simple Budget Pie Chart Graph (3)

Now, let’s see if you can answer a more complex question. Read the information below

Copy of Cream Simple Budget Pie Chart Graph (4)

In this question, how much do you get from selling each table?


If you got right answers – well done! If not – well done for trying!

This means that you need that amount of sold tables to cover your rent and the raw materials. But wait… we haven’t considered for your salary yet!

And here is a question: ↓

Record what you’ve learned today

Now, let us know 3 main things you’ve learned today

You did it! Learning about costs can be tricky, but you stuck with it. That’s what smart business minds do!

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