Day 67

When you are finished with Lesson 5-3, you will be able to

  • Explain direct vs. indirect competition and price vs. non-price competition.
  • Describe the benefits of competition to consumers.

Assignment 5.3.1

  1. Obtain a copy of the notes handout.
  2. Read Lesson 5-3 on pages 194-198.
  3. As you read, utilize this presentation to help you fill in the missing parts on the handout.

Assignment 5.3.2

  1. Lesson 5-3 Assessment

Assignment 5.3.3

  1. Use Google Maps to showcase a large shopping area in a city near us.  Take a screenshot of that map by using one of the following methods:
    • press the Screenshot key .
    • press Shift + Ctrl + Show windows .
    • press Ctrl + Shift + F5.
  2. Make a new Google Drawing, name it Competition-(Your Initials), and move it into your Lesson 5 folder.  Paste your Googe Map screenshot from Step 1 above.  Then using the drawing tools, add the following to your drawing:
    • Locate and identify at least four businesses that are in direct competition with each other.  Identify those businesses with a Green rectangle placed around each one.  
    • Locate and identify at least four businesses that offer indirect competition.  Identify those businesses with a Red rectangle placed around each one.