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iRubric: Economic Business Plan rubric

iRubric: Economic Business Plan rubric

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Economic Business Plan 
Economic Choice & Opportunity Cost
OBJECTIVE: Students will make a sound economic decision and justify their choice. STANDARD: CCSS.ELA-Literacy.W.3.1a Introduce the topic or text they are writing about, state an opinion, and create an organizational structure that lists reasonsd. E-1A-E4: Discussing and determining the process for making economic decisions
Rubric Code: AXWBWC7
By jskoog
Ready to use
Public Rubric
Subject: Social Sciences  
Type: Assessment  
Grade Levels: K-5

Powered by iRubric Economic Choice & Opportunity Cost
  Good

5 pts

Fair

4 pts

Poor

2 pts

Choice Stated

Business Plan - business name, idea, marketing, promotion, contact. Finances will be extra credit
Good

Each section is completed with full sentences showing understanding of the concept.
Fair

Each section is evident, but not stated in clear sentences with full understanding of the concepts.
Poor

Each section is only partially complete without full understanding of the concepts.
Product

Explain your product in complete sentences using some of the vocabulary words
Good

The product (good OR service) you are providing is explained in detail with complete sentences.
Fair

The product (good OR service) you are providing is explained but leaves the reader a little confused.
Poor

The product (good OR service) is partially explained but the reader is confused.
Price

Explain how you came up with the pricing of your good/service
Good

The pricing is explained in complete sentences that are easy to read and understand.
Fair

The pricing is explained but sentences are not complete. The cost of supplies are only listed.
Poor

The pricing is explained using only a list of items needed.
Promotion

State how this job is important to community and yourself. What will you do to let people know about your business?
Good

The promotion of this product reaches a number of possible consumers. I use complete sentences and explain the promotional idea.
Fair

The promotion of this product reaches a limited number of consumers. Sentences are sometimes complete and leave the reader slightly confused.
Poor

The promotion of this product is not explained in a way that is understood. Incomplete sentences and thoughts.
Place

The location is described in detail.
Good

The place that the good/service is being offered is described in detail with complete directions.
Fair

The place that the good/service is being offered is described with limited detail.
Poor

The place is not described and the consumer would get lost trying to find it.
Economic Vocabulary

I have used all the vocabulary words in the paper. The words are used correctly.
Good

I have used all 8 words correctly in the paper and they are highlighted.
Fair

I have used 6-7 words correctly in the paper and they are highlighted.
Poor

I have used 5 or fewer words correctly in the paper. The words are NOT highlighted.



Keywords:
  • economics



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