Due to maintenance between 17:00 to 21:00 on Tuesday 14th May 2024, Scootle website may face disruption in service. We apologise for any inconvenience caused.

Economics and business / Year 9 / Economics and Business Knowledge and Understanding

Version 8

Switch to version 9

View on Australian Curriculum website

Australian Curriculum, Assessment and Reporting Authority

Curriculum content descriptions

The nature of innovation and how and why businesses seek to create and maintain a competitive advantage in the market, including the global market (ACHEK041)

Elaborations

identifying the reasons businesses seek to build or create a competitive advantage (for example, to meet the changing demands of a competitive global market and improve their profit margins)
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)
discussing whether the adoption of strategies based around corporate social responsibility can increase the competitive advantage of businesses
exploring emerging techniques businesses can use to gain an advantage, such as blended marketing, open innovation and use of social media

General capabilities

Critical and creative thinking
Ethical understanding

ScOT terms

Globalisation, Competitive advantage

Refine by resource type

Refine by year level

Refine by learning area

Refine by topic

Related topic

Sort:

MoneySmart: MilbaDjunga - how can I start my own business?

TLF-IDM021046

The MilbaDjunga secondary unit 'How can I start my own business?' is an interactive online unit developed to support teachers of Aboriginal and Torres Strait Islander students to teach consumer and financial literacy. It leads students through a step-by-step process to start a small business and is accompanied by teacher ...

View details View resource