Achievement standard 90842 - Business studies 1.6
Carry out and review a product-based business activity within a classroom context with direction.
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.
and to
learning objective 6.2.
Students will gain knowledge, skills, and experience to:
- plan, carry out, and then review a one-off business activity, basing recommendations for the future on market feedback.
Explanatory note 2
Contexts for learning
The context for learning is typically a product-based business, developed and carried out by the students within a safe environment such as a classroom/akomanga or department/tari/faculty. This will be a one-off business activity, with teachers giving direction.
Business knowledge, concepts, and content
This achievement standard requires students to develop a business plan, which should include the following sections (an executive summary, an introduction, business goals, marketing, people, finance, operations) and demonstrate relevant business knowledge, concepts, and content.
The planned business must be carried out, the process reviewed and recommendations for future improvements given.
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 October 4, 2022
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