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Elaboration (2) ACHES048

using economics and business terms and concepts such as interdependence, trade, comparative advantage, globalisation, supply chain, insurance, savings buffer, intrapreneur, competitive advantage, costs, benefits

Elaboration (2) ACHES044

explaining assumptions or missing information in sources that may affect the reliability of an opinion about the issue

Elaboration (2) ACHEK038

identifying Australia’s major trading partners in the Asia region and the items of trade

Elaboration (2) ACHEK039

examining the implications of participating in an interdependent global economy for consumers, workers, businesses and government (for example, mapping the global supply chain for a product to identify the advantages and disadvantages for participants …

Elaboration (2) ACHEK040

investigating different types of investment that enable people to accumulate savings for the future (for example, shares, term deposits, managed funds)

Elaboration (2) ACHEK042

identifying employer responsibilities to workers and the government (for example, superannuation, paid parental leave, income tax, company tax or the Goods and Services Tax (GST))

Elaboration (2) ACHEK041

discussing whether the adoption of strategies based around corporate social responsibility can increase the competitive advantage of businesses

Elaboration (2) ACHES043

generating ideas about possible class or school projects and collaboratively developing a plan to guide the project

Elaboration (2) ACHES046

using a range of criteria (social, economic, environmental) to select and justify a preferred option

Elaboration (1) ACHES048

developing texts for different audiences such as peers, businesses, the public, and for different purposes (for example, to persuade or inform)

Elaboration (1) ACHEK038

explaining the objectives of the Australian economy to satisfy needs and wants through the production and distribution of goods and services

Elaboration (1) ACHEK039

locating a range of products in the local shopping centre that were produced overseas, and proposing reasons why they were not produced in Australia (for example, comparative advantage and gains from specialisation and trade)

Elaboration (1) ACHEK042

examining changes to the roles of employees in the workplace (for example, the increasing encouragement for workers to show initiative or act as intrapreneurs)

Elaboration (1) ACHES045

using data to make predictions about future trends (for example, the way businesses operate in the global economy or trends in Australia’s trade with countries of the Asia region)

Elaboration (1) ACHEK040

identifying financial risks such as scams and identity theft

Elaboration (1) ACHEK041

investigating the different strategies businesses use to create competitive advantage (for example, research and development, offering a lower-cost product, or by implementing efficient internal operations strategies)

Elaboration (1) ACHES043

devising the steps needed for an investigation and modifying the questions and the plan to respond to changing circumstances

Elaboration (1) ACHES044

using strategies to determine the reliability of information collected (for example, taking into account the author, purpose, audience, medium)

Elaboration (1) ACHES047

applying different strategies for mitigating risks, such as using procedures for safe and secure online banking and shopping (for example, checking bank/credit card statements; using credible, secure websites)

Elaboration (1) ACHES046

evaluating the costs and benefits of a range of alternatives such as strategies for a business seeking to remain competitive in the global market

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