Learning objects Start a business: type

TLF ID L3233

Start up a retail business at a given location. Choose a shop type such as sports, electronics or clothes. Investigate the spending habits of local people and the location of competitors. Choose the type of business most likely to succeed. This learning object is one in a series of three objects.



Educational details

Key learning objectives
  • Students explore how retail profitability is related to customer demand, competition and shopfront location.
  • Students analyse market research evidence to identify a profitable type of retail business.
Educational value
  • Highlights the significance of market research when locating retail outlets.
  • Includes a town map showing key locations of residential and business consumers, existing businesses and potential retail sites.
  • Feedback encourages students to examine business outcomes and adapt business ideas.
  • Task design supports repeated testing of ideas and an iterative approach to business modelling.
Year level

7; 8

Learning area
  • studies of society and environment
Strand
  • Studies of society and environment/Resources
Concept
  • Studies of society and environment/Economics
  • Studies of society and environment/Enterprise
  • Studies of society and environment/Commerce
  • Studies of society and environment/Business
  • Studies of society and environment/Consumer economics
Skill
  • Analysis;
  • Application;
  • Comprehension;
  • Knowledge
Student activity
  • Interactives;
  • Experiment;
  • Analysis;
  • Modelling
Learning design
  • Experiential learning;
  • Independent learning;
  • Problem solving;
  • Visual learning;
  • Auditory learning

Other details

Contributors
  • Script writer
  • Name: Paige Gibbs
  • Address: 27 Lawson St Balmain NSW 2041 Australia
  • Subject matter expert
  • Name: Jacquiline Shimeld
  • Address: 175 Bourke Street Surry Hills VIC 2010 Australia
  • Subject matter expert
  • Name: Colin Bell
  • Organisation: Bell Solutions
  • Address: 10 Greenshank Mews Wananup WA 6210 Australia
  • Educational validator
  • Name: Andrew Brown
  • Address: 38 Farrell Street Ashgrove QLD 4060 Australia
  • Technical implementer
  • Publisher
  • Date of contribution: 09 Oct 2013
  • Organisation: Education Services Australia
  • Address: Melbourne VIC 3000 Australia
  • URL: http://www.esa.edu.au/
Access profile
  • Colour independence
  • Device independence
  • Hearing independence
Learning resource type
  • Interactive Resource
Browsers
  • Microsoft Internet Explorer - minimum version: 8.0 (MS-Windows) - maximum version: 9.0 (MS Windows)
  • Firefox - minimum version: (MS-Windows)
  • Safari - minimum version: 5.1 (MacOS)
Operating systems
  • MacOS - minimum version: 10.6
  • MS-Windows - minimum version: XP - maximum version: 7
Rights
  • © Education Services Australia Ltd, 2013, except where indicated under Acknowledgements.