BizMovieBizMovie

Lesson 2Lesson 2

Lesson 1 ReviewLesson 1 Review

What is a business?What is a business? What do you already know about the What do you already know about the

movie business?movie business? What do you want to know about the What do you want to know about the

movie business?movie business?

Memo 2Memo 2

Congratulations! You and a group of your Congratulations! You and a group of your classmates are going to start and run your own classmates are going to start and run your own movie production company. The following list movie production company. The following list includes steps every movie production company includes steps every movie production company must complete in order to be successful. Rank must complete in order to be successful. Rank each from 1-6 in the order you think they will each from 1-6 in the order you think they will happen.happen.

Memo 2Memo 2 Sell ticketsSell tickets Produce your movieProduce your movie Market and advertise your movieMarket and advertise your movie Create a story ideaCreate a story idea Determine whether your company is profitableDetermine whether your company is profitable Raise money to finance your companyRaise money to finance your company

Think of two additional steps you think are Think of two additional steps you think are important for aimportant for a

movie company to succeed.movie company to succeed.

What is a business?What is a business?

Did you ever have a lemonade stand?Did you ever have a lemonade stand? How much money did you make? How much money did you make? Did you pay for the lemons?Did you pay for the lemons? Is a lemonade stand a business?Is a lemonade stand a business?

A business is a sole proprietor, A business is a sole proprietor, partnership, or corporation that partnership, or corporation that creates and sells a product or service.creates and sells a product or service.

Terms to KnowTerms to Know

Product- something produced by Product- something produced by humans, machines, or a natural processhumans, machines, or a natural process

Tangible- something that can be Tangible- something that can be touchedtouched

Service- work done for others as an Service- work done for others as an occupation or a businessoccupation or a business

Revenue- money a company receives Revenue- money a company receives from selling a product or servicefrom selling a product or service

Expense- a cost associated with Expense- a cost associated with operating a businessoperating a business

Terms to KnowTerms to Know

Profit- money gained after expenses Profit- money gained after expenses have been paid or excess of the have been paid or excess of the selling price of goods over their costselling price of goods over their cost

Salary- money paid to someone foe Salary- money paid to someone foe the work they dothe work they do

Loss- expenses exceed revenueLoss- expenses exceed revenue

Characteristics of a Characteristics of a Successful BusinessSuccessful Business

Make quality products/servicesMake quality products/services Provide a healthy work environmentProvide a healthy work environment Treat their employees wellTreat their employees well Benefit their communityBenefit their community Demonstrate good business ethicsDemonstrate good business ethics Ethics are rules or standards Ethics are rules or standards

governing the conduct of a person or governing the conduct of a person or the members of a profession.the members of a profession.

Revenue vs. ExpensesRevenue vs. Expenses

Choose a businessChoose a business List sources of revenueList sources of revenue List expensesList expenses

To maximize your profits, you must To maximize your profits, you must keep revenue high and expenses keep revenue high and expenses low.low.

Business of Movie Business of Movie ProductionProduction

Are movies a business?Are movies a business? How much do you pay to see a movie?How much do you pay to see a movie? How often do you go to the movies?How often do you go to the movies? How much do you spend per year at How much do you spend per year at

the movies?the movies? Profits Profits from movie tickets pay for the from movie tickets pay for the

theater, director, producers, actors, theater, director, producers, actors, special effects people, etc.special effects people, etc.

Role of Technology in Role of Technology in BusinessBusiness

What types of technology do What types of technology do business owners use?business owners use?

How can technology help a How can technology help a business?business?