Allyson Godwin Plans on Setting Up a Small Business Where

question 95

Essay

Allyson Godwin plans on setting up a small business where she will offer quilting lessons, sell material and quilting kits that she will create, and market her own creations. Last year her quilting skills earned her $2,000. She estimates that quilting as a full-time business will earn $10,000 during her first year. She has budgeted five percent of her sales estimate to be spent on promotion. What promotion method is Godwin using? What are the advantages and disadvantages of this method?

Recognize the importance of ethics in marketing and business decisions.

Understand the role of laws in shaping business ethics and ethical behavior.

Identify the influence of societal and cultural norms on ethical behavior.

Understand the concept of social responsibility and its application in business.

---

Definitions:

Attention

The cognitive process of selectively concentrating on one aspect of the environment while ignoring other things.

4- To 6-Year-Old Children

A developmental stage where children are typically entering early childhood, marked by rapid physical, cognitive, and social growth.

School Schema

A cognitive framework or set of expectations derived from past experiences in educational settings, which influences understanding and behavior in school-related contexts.

Naptime

A scheduled period intended for rest or sleep, especially common during early childhood, to support health, mood, and cognitive function.