# CTE Resource Center - Verso - Principles of Business and Marketing Related NBEA Achievement Standards for Entrepreneurship

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Related NBEA Achievement Standards for Entrepreneurship

NBEA Achievement Standards for Entrepreneurship

NBEA (National Business Education Association) standards have been correlated to ensure that students and adults are afforded equal access to fundamental business knowledge and skills and, therefore, an equal opportunity for success in life" (National Standards for Business Education, NBEA, 2007).

Compare and contrast the advantages and disadvantages of the various forms of business ownership.


Define a corporation and explain how it differs from a sole proprietorship and a partnership.


Define and give examples of franchising.


Describe benefits of participating in a business-sponsored community service activity.


Describe how a market economy resolves the problems of what, how, and for whom to produce.


Describe how the Internet and other emerging technologies have impacted the components of marketing (e.g., product, place, price, and promotion).


Discuss the importance of a business giving back to the community


Utilize virtual entrepreneurs, blogs, webcasts, webouts, and various other technology avenues to identify and solve various business problems.