Demonstrate understanding of a primary industry business structure that best meets the strategic needs of a business.
This achievement standard relates to achievement objective 7-3 Examine decision-making by agribusinesses in the primary industries in determining their business structure and carrying out cash flow forecasting to meet their strategic needs or keeping their businesses viable.
Students will gain knowledge, skills, and experience to explain a primary industry business structure that best meets the strategic needs of a business.
An example of a learning context could be to look at primary industry business and their business structure to find out whether this best meets the strategic needs of the business, taking into consideration the long and short term implications. For example using Ballance Agri-Nutrients which is a fertiliser cooperative, students would need to evaluate their primary industry business structure and see if it best meets the strategic needs of the business comparing it to other business structures that they have learnt about. Students will then evaluate whether the business structure of a cooperative is still a relevant business structure for Ballance Agri-Nutrients given the strategic needs of the business or whether another structure may be more relevant taking into consideration the short and long term implications.
Students are expected to demonstrate understanding of the following agribusiness knowledge, concepts, and content:
Last updated December 15, 2017