Block: B 1/6/2020
Script for Chapter Two Skit (Harry Potter Parody)
Characters
Harry Gates – Ivan
Hermione Bezos – Manraaj
Aaron Voldemort – Aaron
Warren Weasely – Veronika
Aaryan Zuckerberg – Aaryan
Narrator – Ritvik
Script
R: This is a story about billionaires in the Wizarding World and the battle between their marketing campaigns.
Scene 1: They stand at the gates of Hogwarts Academy, it has been a long tiring journey on the Hogwarts Express. They made a stop at Diagon Alley, and this happened:
Ivan: Hey guys, let’s go buy a wand because that’s something that’s necessary for me to succeed in my education.
R: That’s a need.
Manraaj: I like the owl one, but it’s too expensive, and I just need a wand, so I guess the cat will have to do.
R: That’’s a want.
Veronika: Hey Manraaj, I have an owl one, and I have always wanted a mouse one, do you want to trade?
R: That’s an exchange.
Manraaj: Sure, Veronika.
R: In the back of the storage room.
Aaryan: HEy Aaron, can I co-own this store, I have been working here for 10 years now.
R: Aaryan is trying to form a partnership
Aaron: No, I just want to work by myself.
R: Aaron is taking all the risk, but making all the profits.That’s an example of sole proprietorship.
R: In the Villain’s lair
Aaron: Here Aaryan. Go buy me mouse’s tail, a parrot’s beak, and a snake’s skin (giggles) at the Satancraft store.
R: Aaryan will use the money to fulfill an economic want of Aaron from a business.
Aaryan: ( gives a list) Can I get the materials listed on this.
R: Aaryan is carrying out Aaron’s economic needs by buying economic goods. For example, if Aaron wanted to kill someone, that would be the economic want. In order to carry out this economic want, Aaryan would buy poison to kill the person, so the economic good is the poison.
Aaryan: Hey, look I saved 2 dollars, I am going to Diagon’s Alley to buy myself some lizard candy.
R: Aaryan’s obsession with candy leads him to Diagon’s Alley where he is confronted by Harry and his friends.
Ivan: Hey Aaryan, what are you up to?
Aaryan: Man, screw off. I just wanna eat some candy.
Ivan: Bro, but you can’t. You’re diabetic man, I can’t let you have it. I want you to live.
Aaryan: But, I don’t want you to. ( he pulls out his laser gun)
( They all pull out their wands)
Ivan: We are 3 people, and he’s alone, he can’t do anything to us.
Aaron shows up: Who says he’s alone. I am his boss, and I tell him what to do.
R: SO Aaron would be considered a manager who practices management skills by deciding what Aaryan does, and plans out Aaron’s action.
( They start fighting )
Aaryan: Woah, how much was that worth.
Aaron: IT cost me 100 Galleons.
R: That’s the value of the gun.
( THey surrender, and drop their guns)
Veronika: Wow, look at these, if I could sell these, I would make so much money, considering it cost me nothing.
R: So Veronika will make a profit off of selling these guns.
Manraaj: Remember though, we can’t just store the money somewhere because of time value.
R: That’s an example of the time value of money. The value of money will decrease or increase over time.
Manraaj: Ok, this time we are letting you go, so get out of here.
Ivan: Hey do you guys want to save some money, and use it to start our own corporation, its low risk, and we are not going to be personally liable just in case it shuts down.
Veronika: hey, we could actually donate the money we make off of these to a charity.
R: That’s a non- profit organization, they do not benefit from any money they ‘gain’.
Back in the villain’s lair
Aaron: Now we need new guns to defeat that ‘justice league’ squad. (says it sarcastically)
Aaryan: But how will we get the money for it, we put everything we had towards the guns they stole from us.
R: What Aaryan is saying is that they have no way of financing what they want because they don’t have the money for it.
Definitions
Need: A need is something that is necessary to be able to function in society and to live. Examples of needs are food, water, and shelter.
Want: A want is something that one desires to have but could function without having it. Example – a new gaming console.
Value – how much something is worth. Example – a $5 bill has a “value” of 5 dollars.
Sole proprietorship – a business where one person takes all the responsibility and makes all the profits. Sole proprietorships are usually businesses like restaurants and barbershops.
Partnership – a business where the risk is split between 2-3 people and the profits are shared as well. Partnerships are usually smaller businesses.
Corporations – considered a “person” under the law. Owners aren’t responsible for a corporation’s actions, the corporation is responsible for its own actions. Shareholders split ownership of corporations. An example of a corporation is Microsoft.
Non-profit organization – doesn’t aim to make a profit but to help society. They don’t have to pay taxes. Example – Red Cross. They aim not to make a profit, but to make sure people are healthy.
business- the term for all activities involved in the dAaronelopment and exchange of products includes industry construction, provides all goods and services used Aaronery day, provides wages, powers economies, trade. An example of business is google. They have industries, provide services, pay employees, and helps the economy.
profit is money you have left after all the expenses and costs of running the business are paid. An example of profit is a company has $20 left after paying all their expenses. That means they made a profit of $20.
Economic needs and wants – an individual’s needs and wants that can be fulfilled through a purchase. For example – the want to be able to communicate with others from long-distance easily can be fulfilled with a cell phone.
Economic goods and services – things you can buy to fulfill your economic needs and wants. An example is buying a phone to satisfy your want to be able to communicate with others while on the go.
Time value of money – how the value of money can go up or down with time – understanding time value is important for marketing. For example, $100 now could be worth $120 or $80 in 5 years.
Exchange – the exchange of a good, service, or idea for something else of value-typically money. Example: Trading money for a burger is an exchange
Money – something of value that can be easily stored, transported, and traded. The money includes things like paper bills, cheques, and coins
Finance – all aspects of the business that have to do with money – paying employees, buying new assets, etc.
Management – aspect of business that has to do with deciding how the company will be run. Managers do things like plan and hire new workers.
Danger Word
We had all the definitions on small pieces of paper that were mixed into a cup. One person from each team goes up picks and up a slit of paper. He or she tries to make their team guess with the maximum of 3 words. Whichever team guesses first, gets candy, and if someone guesses wrong, they get dodge balled.
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