Economics and Business 7-10 / Year 9 / Knowledge and understanding

Curriculum content descriptions

processes that businesses use to create and maintain competitive advantage, including the role of entrepreneurs (AC9HE9K04)

Elaborations
  • identifying and explaining processes used by First Nations Australian businesses to out-perform competitors and innovate in global markets; for example, promoting brand image recognition or the uniqueness of experiences, managing cultural and intellectual property, copyright and licensing, and collaborating through the First Nations Chamber of Commerce and Industry
  • identifying and explaining the processes First Nations Australian businesses use to maintain, control, protect and develop their cultural expressions in goods and/or services; for example, designing products, licensing of art and music, or consulting on locations of cultural significance for movies, television programs and other commercial activities
  • explaining 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
  • explaining processes that businesses use to build connections, such as working with other businesses within the industry to share promotion costs, working with government to increase exports, developing highly skilled professionals and leaders in different industries
  • explaining processes that businesses use to produce goods and services at a lower cost, such as research and development; improving efficiency in development, production or delivery processes; utilising local resources, and outsourced labour in the global economy
  • explaining processes that businesses use to innovate and differentiate products and services from competitors; for example, identifiable marketable attributes, and use of advertising and social media
General capabilities
  • Critical and creative thinking Critical and Creative Thinking
  • Personal and social capability Personal and Social capability
ScOT terms

Competitive advantage,  Entrepreneurship,  Planning,  Production (Economics),  Labour market

Video

Sciencey: Five things you should know about renewable energy

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Interactive

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

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 ...

Video

From Citrus to Almonds: video

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Video

Salmon Growing in Tasmania: video

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Video

Bruny Island Providore

This is a short clip in which the business owner of a Tasmanian fudge company describes the establishment and development of his confectionery business. Business owner, Michael, explains the production model behind his successful enterprise including the business location, the local sourcing of raw materials, and a world’s-first ...

Video

Exploring the production and marketing of seafood: producer video

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Video

A Year on a Farm: producer video

This is a video about operation of an organic orchard near Kalangadoo in South Australia and the commitment to biodiversity of its owners Michelle and Chris McColl. Michelle McColl describes and illustrates the annual cycle of work with the trees and fruit while discussing the economic and agronomical advantages of the ...

Video

Finding farms: producer video

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Waratah Australis Nursery (flowers) – Batlow, New South Wales

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Video

Exploring farms that produce our meat and wool:producer video

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Video

Weston Farm - organic farm (Tasmania)

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Online

Salmon Growing in Tasmania

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Video

Biomes that produce our food, industrial materials and fibre: producer video

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Video

Carey Bros Queensland

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My Five Cents: What is compound interest?

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Video

My Five Cents: What is opportunity cost?

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Video

Investigating key Australian approaches to producing cotton, timber and wool: producer video

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Online

IP in everyday life

This is an interactive resource about products that exist in everyday life that have protected intellectual property. The resource is presented as a timeline of one day, beginning at breakfast in the morning through until night. Interactive images appear as the mouse scrolls across the timeline. These images are linked ...

Video

Rugby Farms vegetable farm - different roles of employees

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Video

Grandvewe - Cheese Farm - cheese also comes from sheep!! Tasmania

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