Year 10 Enterprise Studies Market Day
June 16, 2016 at 2:09 PM
Making a good profit for a great cause
Our Year 10 Enterprise Studies students had a chance to put their learning of running a business into practice, when small groups of students came together in the Jack Paine Centre yesterday to present their goods and services to fellow Middle School students. As with previous years, the Market Day included a service aspect, with 30 per cent of all profit raised by the four classes being donated to World Vision.
A Commerce Department initiative, the students formed their own small businesses, culminating in a chance to sell their wares and show a profit. Working in teams, ideas were worked through, costs estimated, goods purchased and then marketing started in earnest to ensure the goods would sell well on Market Day.
For a limited amount of time, students brought and sold goods in the aid of developing a great product and selling it with profit margins fluctuating. With products ranging from homemade burgers, to ice blocks, chocolate brownies and multi-coloured candy floss, the Middle School ‘customers’ had a wide variety of food to choose from.
This is a very practical experience and one that students thoroughly enjoy while learning the key aspects of business, management, marketing and accounting skills. Twenty-six business groups took part in the popular entrepreneurial venture with the second Market Day to be held on September 7.
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