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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

Elaboration (1) ACHES032

devising the steps needed for an investigation and modifying as required

Elaboration (1) ACHES055

devising the steps needed for an investigation, and evaluating and modifying the plan or adjusting the research focus as appropriate

Elaboration (1) ACHES026

using economics and business terms when presenting conclusions such as market, workforce, income, financial objectives, entrepreneurial behaviours and skills, costs and benefits

Elaboration (1) ACHES044

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

Elaboration (1) ACHEK050

investigating the performance of the Australian economy using key indicators and explaining fluctuations using phases of the business cycle

Elaboration (1) ACHES057

interpreting a range of measures of economic performance and standards of living to identify differences within and between economies

Elaboration (1) ACHES058

examining the trade-offs businesses may need to consider when determining methods to improve their productivity (for example, employing more staff compared with upskilling existing staff)

Elaboration (1) ACHES043

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

Elaboration (1) ACHEK020

exploring different types of work such as full-time, part-time, casual, at home, paid, unpaid, unrecognised, volunteer

Elaboration (1) ACHES021

identifying the steps needed for an investigation and the resources needed

Elaboration (1) ACHEK027

identifying different types of markets that operate in Australia such as retail markets, labour markets, financial markets, stock markets

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) ACHES035

undertaking a cost-benefit analysis of alternative ways for a business to respond to opportunities in the market and making a decision about which one to recommend

Elaboration (1) ACHES023

using data to make predictions about future trends (for example, the trend of shopping online, trends in working hours or how people work)

Elaboration (1) ACHEK029

investigating the ways the rights of consumers are protected through the law (for example, warranties, cooling off periods)

Elaboration (1) ACHES033

accessing reliable information (for example, from departments of fair trading) to access advice on the rights and responsibilities of consumers and businesses, or finding information on strategies to resolve consumer and business disputes

Elaboration (1) ACHES037

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

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)

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