Run a shop which bakes muffins. Investigate the production costs. Look at how profit is calculated. Examine the effects of unsold stock on profit. Maximise profit by working out the best combination of production volume and price. Investigate the effects of buying ingredients in bulk on unit costs and profit. Look closely at sales figures and make adjustments. This learning object is the second in a series of three objects that progressively increase in difficulty.
Objective
1. Students explore how retail profitability is related to customer demand and unit costs.
2. Students analyse sales results and adjust production volumes and prices accordingly.
3. Students test business ideas and respond to market feedback.
Curriculum Information
Education Type
K to 12
Grade Level
Grade 7, Grade 8
Learning Area
TLE - Industrial Arts Technical Drafting, Technology and Livelihood Education
Content/Topic
AgriFishery Arts Agricultural Crop Production
AgriFishery Arts Animal Production
AgriFishery Arts Aquaculture
AgriFishery Arts Food Fish Processing
Home Economics Front Office Services
Home Economics Household Services
Information and Communications Technology Computer Hardware Servicing
Information and Communications Technology Contact Center Services
Information and Communications Technology Technical Drawing
Information and Communications Technology Technical Drafting
Home Economics Beauty Care Nail Care Services
Home Economics Caregiving
Home Economics Cookery
Home Economics Handicraft
Home Economics Dressmaking
Curriculum Guide
AgriFishery Arts Horticulture
Industrial Arts Consumer Electronics Servicing
Industrial Arts Automotive Servicing
Industrial Arts Masonry
Industrial Arts Plumbing
Industrial Arts Carpentry
Industrial Arts Electrical Installation and Maintenance
Industrial Arts RAC Servicing
Industrial Arts Shielded Metal Arc Welding
Intended Users
Students
Competencies
Copyright Information
Copyright
Yes
Copyright Owner
Education Services Australia
Conditions of Use
Use, Copy
Technical Information
File Size
0 bytes
File Type
application/x-rar
Software/Plug-in Requirements
Adobe Flash Player - http://get.adobe.com/flashplayer/
