Run a shop which bakes muffins. Investigate the fixed costs and variable costs involved in production. Look at how gross profit and net profit are calculated. Examine the effects of unsold stock on profit. Maximise profit by working out the best combination of production volume and price. Look closely at sales figures and make adjustments. This learning object is the last 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
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0 bytes
File Type
application/x-rar
Software/Plug-in Requirements
Adobe Flash Player - http://get.adobe.com/flashplayer/
