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Elaboration (1) ACHES021

identifying the steps needed for an investigation and the resources needed

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) ACHES024

identifying the costs and benefits associated with alternatives (for example, the costs and benefits of being an employee compared with being a business owner)

applying enterprising behaviours to a class activity (for example, by taking on a leadership role in a project, establishing goals, accepting responsibility, and negotiating and working with others during the investigation)

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) ACHEK027

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

Elaboration (1) ACHEK028

recognising that Aboriginal and Torres Strait Islander communities participate in contemporary markets (for example, employment, social contribution) and identifying the barriers to access to contemporary markets (for example, distance, poverty)

Elaboration (1) ACHEK029

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

Elaboration (1) ACHEK030

explaining why a person or group of people would choose to establish one type of business rather than another

Elaboration (1) ACHEK031

identifying changes to the workforce over time, such as the jobs available, the way individuals or communities value particular work, career length and human resource development, changing demography, corporate social responsibility and sustainability …

Elaboration (1) ACHES032

devising the steps needed for an investigation and modifying as required

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) 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) ACHES036

applying enterprising behaviours to everyday activities (for example, by taking on a leadership role in a project, accepting responsibility for decisions made, or setting a goal for the week and developing a plan to achieve it)

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) 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) 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) 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)

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