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Elaboration (4) ACHEK030

exploring different internal factors that influence business opportunities, such as the product, location, resources, management and business culture including ability to be adaptable and demonstrate enterprising behaviours and skills

Elaboration (1) ACHES032

devising the steps needed for an investigation and modifying as required

Elaboration ACHES035

identifying opportunities in the market for a business and proposing alternative ways to take advantage of these

Elaboration (2) ACHES037

using economics and business terms and concepts such as interdependence, market economy, market system, price setting, outsourcing, business ownership, rights and responsibilities

Elaboration (2) ACHES036

demonstrating an understanding of their rights as consumers when buying an item or returning it to the store

Elaboration ACHEK030

comparing different forms of business ownership (for example, sole proprietorship, partnership, corporation, cooperative, franchise)

Elaboration (2) ACHEK030

exploring different external factors that influence business opportunities, such as government and government policy, competitors in the market, demographics, technological innovations in production processes and product design, economic conditions, globalisation, …

Elaboration ACHEK027

identifying who is involved in the market system in Australia and explaining how the market operates through the interactions of the participants (for example, household, business, finance, and government sectors)

Elaboration (1) ACHEK027

identifying different types of markets that operate in Australia such as retail markets, labour markets, financial markets, stock markets

Elaboration (3) ACHEK030

identifying examples of the different ways businesses respond to opportunities in the market (for example, developing a new product to satisfy demand, changing the way they deliver their products or services to consumers)

Elaboration ACHES033

organising and categorising data and/or information (for example, constructing a table showing the differences between types of businesses)

Elaboration ACHES036

applying informed decision-making skills to familiar and new situations (for example, helping the family decide what products they need to purchase during the week)

Elaboration (4) ACHEK027

identifying reasons government intervenes in the market (for example, to improve economic performance and remedy market failure)

Elaboration (1) ACHES035

undertaking a cost-benefit analysis of alternative ways for a business to respond to opportunities in the market and making a decision about which one to recommend

Elaboration (3) ACHES037

discussing and reflecting on the consequences of a proposed action, and those of the alternative actions

Elaboration (1) ACHEK029

investigating the ways the rights of consumers are protected through the law (for example, warranties, cooling off periods)

Elaboration ACHEK031

investigating present influences on the ways people work, such as technological change, outsourced labour in the global economy, rapid communication changes, casualisation of the workforce

Elaboration (1) ACHES033

accessing reliable information (for example, from departments of fair trading) to access advice on the rights and responsibilities of consumers and businesses, or finding information on strategies to resolve consumer and business disputes

Elaboration ACHES034

interpreting data in tables, charts and graphs to identify relationships (for example, correlations between the location of groups and access to work opportunities)

Elaboration ACHES037

constructing appropriate displays of information and data to show trends and relationships (for example, preparing a data show which includes visual displays including graphs and charts as well as text to present findings and conclusions)

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Cross Curriculum Priorities