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Learning objects Fish tank: business start-up

TLF ID L770

Breed fish to sell at a pet market. Start with two fish and a tank. Examine the costs of food and equipment. Buy items to help take care of the fish and the tank. Think about the business impact of each purchase. Budget to increase stock and maximise profit.



Educational details

Key learning objectives
  • Students review the consequences of decisions and actions.
  • Students revise decisions and processes in order to improve outcomes.
  • Students explore the interplay between various actions and impacts on results.
  • Students explore the business imperative of working within a budget.
  • Students identify business decisions that affect profitability.
Educational value
  • Students start up and run a business over a two-week trading period.
  • Students make decisions about asset purchases and operational purchases.
  • Students explore the balance between expenditure and income in operating a business.
  • Students observe the business consequences of their decisions.
  • A real world business operation is evoked.
  • Business results encourage further engagement to improve performance.
  • Includes an option to print a summary of business outcomes.
Year level

5; 7

Learning area
  • mathematics
Strand
  • Mathematics/Number and algebra
    Skill
    • Analysis;
    • Application;
    • Comprehension;
    • Knowledge
    Student activity
    • Interactives;
    • Games;
    • Experiment;
    • Analysis;
    • Modelling
    Learning design
    • Experiential learning;
    • Independent learning;
    • Problem solving;
    • Visual learning

    Other details

    Contributors
    • Technical implementer
    • Technical implementer
    • Script writer
    • Name: Paige Gibbs
    • Address: 27 Lawson St Balmain NSW Australia
    • Publisher
    • Date of contribution: 20 Sep 2013
    • Organisation: Education Services Australia
    • Address: Melbourne VIC 3000 Australia
    • URL: http://www.esa.edu
    Access profile
    • Colour 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.