Common Planner
K–12 Standards

Entrepreneurship II (ME12) (2024)

Other North Carolina CTE sets

Understand business planning, business ethics, and resources. 

  • 1.01

    Explain the nature of business plans. 

  • 1.02

    Understand how to develop an organizational plan for human resources. 

  • 1.03

    Explain the use of business ethics in entrepreneurship. 

  • 1.04

    Summarize the external resources useful to entrepreneurs during concept development. 

Understand costs and risks of starting up and running a business. 

  • 2.01

    Explain start-up requirements for a business. 

  • 2.02

    Explain how to determine cost of product using breakeven, ROI, and markup. 

  • 2.03

    Understand how to calculate the break-even point. 

  • 2.04

    Explain the nature of risk management. 

Understand how financial procedures track money flow and determine financial status. 

  • 3.01

    Explain the nature of overhead/operating costs. 

  • 3.02

    Summarize the nature of income statements. 

  • 3.03

    Summarize the nature of cash flow statements. 

  • 3.04

    Summarize the nature of balance sheets. 

Apply the marketing mix to an entrepreneurial venture. 

  • 4.01

    Plan the product and service mix for a business. 

  • 4.02

    Identify approproate channels of distribution for a business. 

  • 4.03

    Develop a promotional plan for a business. 

  • 4.04

    Calculate prices for products and service prices. 

Apply knowledge to develop a business plan. 

  • 5.01

    Conduct an organizational SWOT analysis. 

  • 5.02

    Implement an action plan. 

  • 5.03

    Implement a business plan. 

Frequently asked questions

What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, Grade 12, and VOCATIONALTRAINING
Where can I read the official document?
North Carolina Department of Public Instruction

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