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Achievement standard 90838 - Business studies 1.2

Demonstrate an understanding of external factors influencing a small business

 This achievement standard relates to learning objective 6-1.

Students will gain knowledge, skills, and experience to:

  • understand how, as a result of internal and external factors, small business owners make operational decisions that have consequences for the success of their business.

Explanatory note 2

Contexts for learning

A typical learning context is a small local business (of up to approximately 20 employees or one of local or community significance) that allows students to demonstrate their understanding of the external factors influencing a small business.

Business knowledge, concepts, and content

Students are expected to demonstrate understanding of the following business knowledge, concepts, and content and may be required to provide business response(s):

  • stakeholders external to the business (customers, suppliers, local government, local community)
  • legal influences (purpose and impact of the Consumer Guarantees Act 1993, the Fair Trading Act 1986, the Health and Safety in Employment Act 1992)
  • economic influences (consumer confidence, business confidence, interest rates)
  • environmental influences (factors affecting the physical environment e.g. weather patterns, natural disasters)
  • competition (impact of current and potential competition)

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 1

Last updated February 5, 2015