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Achievement standard 90843 - Business studies 2.1

Demonstrate understanding of the internal operations of a large business.

This achievement standard relates to  learning objective 7-1.

Students will gain knowledge, skills, and experience to:

  • explore how and why large businesses in New Zealand make operational decisions in response to internal and external factors.

Explanatory note 2

Contexts for learning

A typical learning context is a large business in New Zealand of more than 20 employees or with a regional or national significance that allows students to demonstrate their understanding of how and why businesses respond to internal factors and the consequences of operational decisions.

Business knowledge, concepts, and content

Students are expected to demonstrate understanding of the following business knowledge, concepts, and content (in no particular order):

  • types and features of organisational structure
  • the production process for goods and services (productivity and efficiency, lean production, economies of scale, capacity issues)
  • growth strategies
  • roles and skills of managers and leaders/rangatiratanga
  • organisational culture
  • financial information for controlling, reporting and decision making/whakautu (break even analysis, costing methods, budgets, ratio analysis, annual accounts)
  • internal controls
  • corporate social responsibility and philanthropy.

Related Māori concepts

Māori concepts that relate to this achievement standard include:

  • tikanga
  • pūtake
  • tūranga
  • kaitiakitanga
  • rangatiratanga.

See also:

Explanatory notes 3, 4, and 5

See:  Achievement grades at level 2

Last updated August 27, 2014