Cucumber Skin and Hair Products

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Questions and Answers

Besides excess supply driving the project, what other factors contributed to the students' decision to use cucumber as the primary ingredient in their cosmetic products?

Brainstorming amongst students and teachers, the desire to be creative with school farm products, highlighting the health benefits of cucumber, and innovating beyond traditional agriculture.

What type of analysis should the students conduct to determine if their cucumber cosmetics business is likely to succeed?

Feasibility analysis.

In the context of introducing their cucumber-based cosmetic line, explain how a 'concept test' can help the students refine their product and marketing strategies?

A concept test gathers feedback from potential users to tweak product/service ideas, identify the target market, conduct a basic SWOT analysis, strengthen aspects of the product, and introduce the product to people.

The Papine High School students are using a standard business model. Explain the advantages and disadvantages of this approach.

An advantage is that it is standard because it is offering a basic product and is cheaper to implement; a disadvantage is high competition in the skincare market, especially in the natural/organic niche, making it difficult to differentiate and requiring significant marking efforts to build brand trust. Signup and view all the answers

Discuss two potential funding routes for the students' early-stage cosmetic business and give one advantage and one disadvantage for each.

Personal funds (advantage: easy access; disadvantage: limited capital) and angel investors (advantage: expertise and mentorship; disadvantage: loss of equity). Also acceptable: crowdfunding (advantage: community engagement; disadvantage: success is not guaranteed) or goverment grants (advantage: may be a large amount of money; disadvantage: hard to qualify). Signup and view all the answers

Identify three critical ethical or legal tasks that the 'Cool as a Cucumber' team must undertake including why these tasks are crucial for their venture's success.

Develop a code of conduct, protect intellectual property, and obtain business licenses/permits. Signup and view all the answers

What defines a 'New Venture Team' in entrepreneurship, and what key roles does it typically include?

A group that moves a new venture from idea to a functioning firm; it includes management, key employees, a board of directors or advisors, other professionals, and investors. Signup and view all the answers

Name the current founding members of the 'Cool as a Cucumber' New Venture Team.

Akiem Thompson, Migu Spencer, Alex Ricketts, and Keniesha Warren-Sterling. Signup and view all the answers

Suggest three additional roles or members that would benefit the 'Cool as a Cucumber' venture in its New Venture Team, and explain their respective roles.

A board of advisors, other professionals such as lawyers and accountants, and investors/lenders. Signup and view all the answers

What was the primary source of the cucumber used to produce the shampoo and lotion?

The school farm. Signup and view all the answers

Besides shampoo and lotion, what other types of products did the Papine High School students exhibit at the Forum for Innovations in Teaching?

Jams, pickles, and agricultural produce. Signup and view all the answers

What specific process did the students use to create the lotion and shampoo products?

Heating and mixing for emulsification to create the lotion, and a single-phase cold process in the case of the shampoo. Signup and view all the answers

What reasons were given for the students not producing a lip balm cosmetic?

The unavailability of additional resources. Signup and view all the answers

What type of organization is the Scientific Research Council?

A scientific organization that gives seals of approval for products. Signup and view all the answers

Briefly summarize the vision of the Head of the Department of Agriculture and Science, Denise Moore-Scott, regarding the products produced.

She hopes to show students another aspect of agriculture than just producing, selling and consuming the product; but that these products can be used to make value-added items. Signup and view all the answers

List the date of the Forum for Innovations in Teaching, where the cucumber based products were displayed.

January 25-27, 2024. Signup and view all the answers

What reasons were given for selecting cucumbers?

To highlight its health properties for the skin. Signup and view all the answers

Why is the team looking to make contact with the Scientific Research Council?

To see how they can assist in terms of testing. Signup and view all the answers

What is the significance of the Scientific Research Council (SRC) seal of approval for the students' cucumber-based products?

It will give them permission to market soon. Signup and view all the answers

How many exhibits were on display at the Forum for Innovations in Teaching?

<ol start="92"> <li></li> </ol> Signup and view all the answers

Flashcards

What is a concept test?

A process of gathering feedback from potential users or consumers to allow for the tweaking or strengthening of aspects of the product/service idea.

Advantage of a Standard Business Model

A business model offers a basic product that is not necessarily innovative which translates to cheaper implementation.

Disadvantage of a Standard Business Model

A disadvantage of a standard business model is high competition, especially in the natural/organic niche, it is difficult to differentiate and thus requires significant marketing efforts.