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A Dry-Bag Idea at Baybell Harbor worksheet preview

Worksheet

A Dry-Bag Idea at Baybell Harbor

Read how a harbor-town entrepreneur starts a dry-bag business, takes risks, and responds to competition for customers.

Grade 4Social StudiesInteractive · Printable

Aligned toECO.4.3

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What’s included

  • Single worksheet
  • Auto-graded online
  • 1 C3 Framework standard
  • Printable answer key
  • 15 questions
  • Classroom-ready

Details

Format
Interactive · Printable
Grade
Grade 4
Subject
Social Studies
Question types
Fill in the blank, Multiple choice, Matching, Circle the answer, Sorting, Short answer

About this worksheet

What students practice

  • Students explain how an entrepreneur starts and organizes a business.
  • Students identify risks entrepreneurs take when starting a business.
  • Students explain how entrepreneurs compete for customers.

How to use

Read the passage together, then have students use its details to answer the questions and apply the ideas to new business situations.

Curriculum

C3 Framework standard covered

ECO.4.3

Describe entrepreneurs: how they start businesses, take risks and compete for customers.

Preview

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Name Date

A Dry-Bag Idea at Baybell Harbor

See how an entrepreneur starts a business, takes risks, and competes for customers.

Read about the business

Read the passage. Then answer the questions about the entrepreneur and her business choices.

A Dry-Bag Idea at Baybell Harbor

Baybell Harbor sits beside a busy ferry pier. Many people who ride bikes to the pier carry notebooks, lunches, and phones. On rainy days, some of these items get wet. Sora Chen noticed this problem while working as a bicycle messenger. She asked ferry riders and bike couriers what they wanted in a bag. Several people said they needed a bag that was waterproof, easy to attach to a bike, and available in different sizes.

Sora decided to start a small business making waterproof bicycle bags. People who start and organize businesses are called entrepreneurs. Sora used some of her savings to rent a corner of a shared workroom and buy canvas, zippers, and other supplies. She did not know how many bags she would sell. Spending her savings and buying supplies before making sales were risks. If customers did not want the bags, Sora could lose money.

Sora also studied other choices in Baybell Harbor. Dockside Dry Goods sold regular bags for $18. Sora planned to charge $24 because her bags were waterproof and could be made to fit different bikes. She knew some shoppers would choose the lower price. To compete for customers, she offered a free first strap adjustment and promised to repair a torn strap during the first month. These features gave customers reasons to compare her business with the other store.

Sora made twelve bags for her first opening. Customers bought seven, so five were left. Sora listened when buyers said they wanted smaller bags for short ferry trips. For her next batch, she made fewer large bags and added smaller sizes. She also began repairing old bags, not just selling new ones. Her first sales did not guarantee success, but the information helped her make decisions. An entrepreneur may change a product or service after learning what customers value.

1.
What most likely led Sora to start her business?
  • A. She wanted every harbor store to close.
  • B. She was required to sell bags by the ferry company.
  • C. She saw that people needed a way to keep their items dry.
  • D. She hoped to avoid finding out what customers wanted.
2.
Word bank: entrepreneurs · customers · competitors · employees

People who start and organize businesses are called  .

3.
Match each business choice to what it helped Sora do.
  1. Ask ferry riders what they need
  2. Use savings to buy supplies
  3. Offer a free strap adjustment
  4. Compare her price with another store's price
  1. A. Take a chance with her own money
  2. B. Understand how another business competes
  3. C. Learn what possible customers value
  4. D. Give shoppers a reason to choose her business
4.
Which choice was a risk Sora took when she started?
  • A. She spent savings on supplies before any sales.
  • B. She asked riders which bag sizes they wanted.
  • C. She changed the next batch after hearing customer feedback.
  • D. She offered to adjust a strap for a new customer.
5.
Circle the two choices Sora made to compete for customers.

She rented a workroom corner to begin making bags.She offered a free first strap adjustment.She bought canvas, zippers, and other supplies.She promised to repair a torn strap during the first month.

6.
Which customer is most likely to choose Sora's bag even though it costs more?
  • A. A shopper who wants the lowest price and no special features
  • B. A shopper who already owns a waterproof bag that fits well
  • C. A shopper who wants a bag only as a decoration
  • D. A courier who needs a custom-fit waterproof bag
7.
Explain how Sora acted as an entrepreneur. Use one detail about starting her business, one detail about taking a risk, and one detail about competing for customers.

Apply the ideas

Use what you learned about entrepreneurs to think about new business situations.

8.
Sort each action into the correct category.
Use personal savings to rent a workroomOffer repairs that another seller does not offerBuy many supplies before knowing how many items will sellMake the size that customers request
A risk while startingA way to compete for customers
9.
Mina wants to start a small business selling waterproof phone pouches near the ferry pier. Which action would be a thoughtful first step?
  • A. Buy hundreds of pouches before speaking with any possible buyers
  • B. Ask possible customers what they need and estimate her costs
  • C. Copy another seller's price without checking her own costs
  • D. Open the business without deciding what problem the pouches solve
10.
Eli plans to rent a booth to sell maps he draws of the harbor. Which action is a business risk?
  • A. Ask ferry riders which places they want shown on a map
  • B. Write the price on a sign after choosing a map design
  • C. Pay for the booth before knowing if maps will sell
  • D. Change a map after a customer points out a confusing label
11.
A rival harbor shop begins selling similar bags for less money. Which response best shows fair competition?
  • A. Improve a useful feature and explain its value honestly
  • B. Copy the rival's bags without learning what buyers need
  • C. Stop listening to customers because the other shop charges less
  • D. Tell shoppers the rival's bags are unsafe without evidence
12.
Circle the two choices that can help an entrepreneur learn what customers want before spending a lot.

Ask possible buyers which sizes or features they need.Buy a large supply without checking whether people want it.Make one sample and invite people to give feedback.Set a price without finding out what the materials cost.

13.
Which sequence best shows how an entrepreneur could move from an idea to improving a business?
  • A. Buy supplies, notice a need, change the product, then ask customers
  • B. Notice a need, ask possible customers, buy supplies, then improve after feedback
  • C. Open the business, buy supplies, notice a need, then ask customers
  • D. Compete with another business, close the business, then identify a need
14.
A classmate says, "Entrepreneurs do not really take risks because they can always sell what they make." Do you agree or disagree? Use at least two details from the passage to support your answer.
15.
Which new piece of evidence would best show that Sora's competition strategy is helping her business?
  • A. She buys more supplies even though several bags remain unsold
  • B. She spends more savings without asking what buyers value
  • C. More couriers choose her bags for their fit and repairs
  • D. The other store moves its bags to a different shelf

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