Economics and business / Year 8 / Economics and Business Knowledge and Understanding

Curriculum content descriptions

Types of businesses and the ways that businesses respond to opportunities in Australia (ACHEK030)

  • comparing different forms of business ownership (for example, sole proprietorship, partnership, corporation, cooperative, franchise)
  • explaining why a person or group of people would choose to establish one type of business rather than another
  • exploring different external factors that influence business opportunities, such as government and government policy, competitors in the market, demographics, technological innovations in production processes and product design, economic conditions, globalisation, and changing social attitudes and trends of the target market
  • identifying examples of the different ways businesses respond to opportunities in the market (for example, developing a new product to satisfy demand, changing the way they deliver their products or services to consumers)
  • exploring different internal factors that influence business opportunities, such as the product, location, resources, management and business culture including ability to be adaptable and demonstrate enterprising behaviours and skills
General capabilities
  • Critical and creative thinking Critical and creative thinking
  • Ethical understanding Ethical understanding
ScOT terms

Companies,  Ownership,  Marketing


Developing and Designing New Product Lines and Marketing Strategies

This is a unit of work about developing new market lines and strategies to sell a new or revamped product. It includes researching existing markets, target markets and other influences that affect the marketing of a new product. The resource has a teacher guide and a presentation that provides background information and ...


Fish market

Buy and sell fish in trading markets in a range of Australian and New Zealand cities. Compare market prices, supply and demand. Get to know other traders to find the best deals and discover new markets. Find a rare fish. Maximise your profit and reputation as a smart trader. This learning object is the last in a series ...


Is it all your own work? Navigating copyright

This resource provides teachers and students with an overview of some of the issues when using other people's intellectual property or copyrighted works. The resource provides an overview of copyright, permissions and Creative Commons licensing; a student quiz (with answers) based on real-life scenarios; and a Copyright ...