Page 107 - Business_Studies_F5

Student's Book Form Five

Ranking of business ideas

Task 6.3

Use the responses on Task 6.2 to rank the business ideas from 1 to 5, where 1
FOR ONLINE READING ONLY
represents the lowest or poorest and 5 is the highest or best. Then, select one
business idea with the highest score.

Table 6.3: Ranking business ideas

S/N Criteria Idea 1 Idea 2 Idea 3 Idea 4 Idea 5

1. Market availability

2. Uniqueness

3. Compatibility with the legal
requirements

4. Compatibility with the community

5. Your capability (skills, knowledge)

6. Ability to raise or acquire capital

7. Growth potential

Total scores

Mind mapping the selected business idea on a Business Model Canvas (BMC)

Activity 6.1

Visit the school library or online sources and review literature on different business

models including Business Model Canvas (BMC).

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