Day 117

When you are finished with Lesson 8-4, you will be able to

  • Understand what businesses mean by “new” products.
  • Describe the six steps in new product development.

Assignment 8.4.1

  1. Obtain a copy of the notes handout.
  2. Read Lesson 8-4 on pages 297-301.
  3. As you read, utilize this presentation to help you fill in the missing parts on the handout.

Assignment 8.4.2

  1. Lesson 8-4 Assessment

Assignment 8.4.3

  1. Conduct research online to identify a young entrepreneur whose business resulted from a new product or service idea.  Find out how the person came up with the idea and then developed it into a successful business.  
  2. Create a new Google Document, title it Entrepreneur-(Your Initials), and move it into your Lesson 8 folder.  In your document, write a half to one-page report (Times New Roman, size 12, double-spaced) detailing your findings about the entrepreneur.