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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:

  • organisational structure (advantages and disadvantages, tall, flat, matrix, shamrock)
  • the production process for goods and services (job, batch, flow, lean production, productivity and efficiency, economies of scale, capacity issues)
  • roles and skills of managers and leaders (difference between managers and leaders, leadership styles)
  • financial information for management to aid decision making (importance of budgets, variance analysis, monthly revenue and cost reports)
  • the need for and importance of policies and procedures
  • corporate social responsibility (costs and benefits).

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 February 5, 2015