AC9HE7K02 Year 7 Humanities and Social Sciences

Content descriptor the reasons businesses exist and how different types of businesses provide goods and services

Elaborations

• • Elaboration identifying why businesses exist; for example, to produce goods and services, to make a profit, to provide employment, and investigating the different ways that goods and services are provided to people, such as through shopping centres, local markets, online, small independent stores and remote community stores
• • Elaboration identifying the features of different types of businesses, including sole proprietorship, partnership, cooperative, corporation, franchise and not-for-profit organisation
• • Elaboration investigating a business owned by First Nations Australians, exploring the types of goods and services offered and why this business was started
• • Elaboration identifying examples of different types of businesses that sell goods and/or services in the local community; for example, a sole proprietor operating a car yard, a partnership providing legal services or a corporation selling groceries through a chain of supermarkets