Business Studies - Borrowing Flowchart

Today in Business Studies we had to choose one activity out of two activitys and they were to create a flowchart to help direct people on making smart decision when it comes to borrowing money OR to create a infographic to help people understand what credit is, the pros and cons of loans, and how to make a smart decision on how to choose who to get a loan from. I chose to do the first one because it was the easiest one to do and mostly everyone was doing it. Here is the flowchart that I have created.  

I think I worked quiet well because I got this task down in the period that was given to us. I added a bit of information on what you have to do to get a loan. I completed the flow chart and it was quiet fun to do and make because it was very easy. I would do this again for a different subject.

Have you made a decision on if you want to get a loan or not from my flowchart?

I got all of this information from myself because I have learnt all of this, this term in Business Studies.

Business Studies - Social event or Sports event

 This week in Business Studies we have been learning how to plan out a social or a sports event using budgeting. First we had to get into pairs or you could be by yourself within our table, I chose to do it on my own because I wanted to do it myself and it was a bit more easier. After that we had to choose 1 out of 2 options, the 2 options were to plan out a social event or to plan out a sports event. I chose to plan out a social event because it was the easiest one to do and mostly everyone was doing it. If you chose to do a social event you had to click on a link and if you were to do a sports event you had to click on that link, it would take you to a page were it told you what you had to plan out and how much your budget was. The budget that everyone had was $5,000. Here is a photo of what it looked liked.

Here is a link to my plan to make a social event.

House party:

https://docs.google.com/document/d/e/2PACX-1vS1RXKA0GlWm4wtVVSRx5K-QpF369U9wFADNMsGX0NMzkg1AcOrwic9wcZdM3lPE8KyU2Yue-_93FAa/pub

Overall spent: $4,990

Surplus: $10.00

I think I worked well because I got the task done and have got it onto my blog. I think I did well because I put a lot of information in it and put in the correct cost and prices. It was probably one of my favourite tasks we have done yet because It gave us a chance to organize a social event for people to go to. Unfortunately we wernt making a social event for people to actually go to, it was just to see if we could get the task done or not to be able to organize a social event. 

Would you come to my party if you had the chance to?

Sources:

Noel leeming, google, pak n save, countdown, K-Mart, JB HI-FI, Henry's

Business Studies - Budgeting guide

 This week In Business we are still learning about budgeting and what it is. We are doing the same thing as last week where we have to pick one thing to do out of 2 things and the two things are to create a budgeting guide to help other learn budgeting skills. Explain what budgeting is and what key things to keep in mind when creating a budget. Present this creatively Or to create a screencastify sharing a budget you have created and explain what a budget is and why you have designed the budget the way you have. I choose to do the first one because it is the easiest one for me cause I dont like my voice to be videoed. 

Here is my budgeting guide that I have made.

Reflection:

I think I did well with this activity because I did an a entire presentation for this activity and have wrote heaps of information to help people know what happens if you don't have a budget and all those sorts of things. 

Business Studies - Budgeting language dictionary

 In Business studies we are learning about budgeting and what it is. When we first learnt about it we had to do a couple of activitys about what is budgeting and now we are doing this blog post for out report for business studies. For this blog post we have to chose 1 activity out of 2 of them and I chose the second one because it is much easier. The activity I chose was you have to make a budgeting language dictionary explaining what each term is and how it relates to budgeting. 

Here is my budgeting language dictionary.

Budget - Budget is where you have money available to spend. If you dont have a limit its important because it helps you limit your odds of going into a deficit.

Spend - Spend is where you buy something using money for example you have to give money to pay for goods or services otherwise you don't get it. If you want a house, a car or something you have to give the money to the owner to be able to purchase it.

Savings - Savings it where you have extra money that you haven't spent yet, If you have spend the money you have for your budget it is always good to have saving because then you can use it.

Price - Price is the amount of money expected to be given to the owner that is selling the product or something else that has a price on it.

Needs - Needs is something that is essential to your life for example you need education to get somewhere in life you may not want it but you really need it in the real world, you need to be good at maths, spelling reading and the essential things you need to know.

I think I did quiet good because I wrote heaps of information to help people understand what each word meant. I got some of this information from dictionary.com for reference and then I put it into my own words. 

Sources: 

https://www.dictionary.com/

The Marketing Mix - Place

 In Business Studies we have been continuing on doing the 4 blog posts for our assesment about market day, this is the third blog post so far which is about the place on where we are going to sell our products and there is 1 more blog post to go to finish this assesment. 

Where will you be producing your product? (do you need a specific space)

- We will be producing our product outside where our stand is going to be to sell our products. We need to be outside because if we are selling all of our products there will be alot of people and we need to be somewhere that is hot so then the food dont go cold.

Where would be a good location for your product on market day? (Inside, outside, quiet corner, middle of the room)

- A good location would be outside where there is sun so then when the sausage sizzle is cooked they need to stay hot. The location needs to be in a cold area as well so then the toffee apples can stay cold and not hot so then they can taste better.

Pedestrian and traffic flow (does your business rely on people walking pass or is your product unique enough that people will seek you out?

- Yes our business is going to make people come and buy all of it because I just have a feeling it will and everyone loves sausage sizzle on a nice day and toffee apples as a treat.

Competition - who else will be selling similar products to you on market day? How will your product stand out?

- I am not sure because I dont know if anyone is doing the same thing as us on market day

The Marketing Mix - Price

In business studies we have been continuing on doing the 4 blog posts for our assesment about market day. This is the second blog post so far which is about the price of our product that we making and selling. After this blog post I have 2 more blog posts to go about the place and promotion and then I am done for this assesment about market day

 How did you work out what price you were going to sell your product at?

- We were thinking of an reasonable price for the toffee apples and the sausage sizzles because if we were going to see the products at a expensive price then no one will buy the products and we wouldn't make any profit. We decided to make the toffee apples $1.50 and $2.00 for the sausage sizzles because if you see people selling sausages outside of the warehouse or somewhere they are about $2.00 each and there is alot of people buying them.

How will you ensure that your product is worth the price you are asking people to pay (quality control)?

- The toffee apples are worth the product because they are $1.50 each and that is a very cheap price for a big item. They are worth the price because mostly everyone likes to eat a candy covered in a apple because it is delicious and it is fun to eat with. The sausage sizzles are worth the product because they are $2.00 each and that is quiet cheep for a sausage and everyone love sausage sizzle

What price are others (B&E group/real world business) charging for the same good (use a table to show this)?

- There is a another group doing sausage sizzle but I am not sure how much they are selling it for or what their business is called

What else will you consider when it comes to the price of your product?

- Our group have not considered doing anything else for the price, it is still the same

The marketing mix - Product

In business studies we have been doing blog posts for our assesment about market day. we have to do 4 blog posts for this assesment and the 4 blog posts are product, price, place and promotion. This is the first blog post so far. For the last 2 weeks for market day we have been planning out what we are going to create and sell. Our products that we are creating and selling are toffee apples and sausage sizzle because we have experience of making toffee apples and cooking sausage sizzle and because we like cooking and baking cause it is easy to make.

(Features) What is the product, what can they do, how are they used, what is their purpose?

- The product is a food item that you can eat and sell for a bit of money. The toffee apples are covered in toffee and are on a stick so then it is used by holding the stick to eat the toffee apple so the toffee doesn't get onto your fingures. The purpose is to make people want to buy a delicious food because people like a treat and food every now and again

What quality is your product?

- The product toffee apples are going to be in all different sizes because apples come in all different sizes anyway. The toffee apples are going to be blue and red because they are colours that stand out and the texture will be quiet hard because toffee is hard. The sausage sizzle will taste like a normal sausage with bread and sauce but we might get spicy sausages or chicken sausages just to make it different, the texture is going to be like a normal sausage because the texture isn't going to be any different.

Size / Volume / shape?

- The product toffee apples are going to be in all different sizes because apples come in all different sizes anyway. The shape of the toffee apples are going to be circle like the apples are normally are. The size on the sausage depends on what it is because american hotdogs are long and skinny but normal cheese sausages are big and not that long. The shape of the sausages are going to be kind of like a long oval shape but I don't really know what shape they are. 

Packing?

- The sausage sizzle isn't going to have any packaging because sausages don't have packaging cause they are hot and cooked. The toffee apples might have packaging but we haven't decided yet because we don't know what they would be packed in.  

Ingredients / Raw materials

- The ingredients that we are using for the toffee apples are 20 apples, sugar, water, cream of tarter, food colouring and vinegar. The ingredients that we are using for the sausage sizzles are bread, onion, butter, sauce and sausages. The raw materials that we might be using are for the packaging for the toffee apples but we don't know what packaging we are using yet if we are using it.

Does it fit into a category of products that already exist?

- Candy apples, sausage sizzle

Do you need to provide any services for your product

-  No services need to be provided

Business Studies - Innovation Challenge

This week in Business Studies we have been learning about Innovation. First our teacher got us to do was to brainstorm all the ways you could use a paperclip. Then she got us to answer these questions, Did you make any changes to the paperclip itself? If you did then you were being innovative. Did you change its size, shape, what it is made from? One more minute to see if you can come up with any more ideas. This is what innovators do!! After she introduced us into this Innovation challenge and it has 9 questions to answer and do. Here are the questions.

Here are my answers to these questions.

1.

2. 

This product is money coins and you can use it in many ways. You use this product by buying things with it or you could bank that money so you can save to get more money so then you can buy something you really want. What I don’t like about this product are the pictures that are on it and I don’t really like the colours.

3.

The colour of the coins could be changed like to a different colour because I don’t like the colour bronze or silver. But I do get that they use the colour gold, silver and bronze because gold is more expensive and worthy and then it goes silver and then bronze, also the colours are used for events for 1st, 2nd and 3rd places, 1st = gold, 2nd = silver, 3rd = bronze. I would also like the coins to be more worthy or less worthy by changing the numbers like a 60cent coin or a $25 coin or a 15cent coin and ect…

4.

That coins actually add up quite a bit when you are saving because people think that 10cents and 20cents isn't much when you save it, it actually adds up quiet a bit. That coins are actually easier to collect than notes because coins lay around everywhere from people and they fall out of peoples pockets when sitting down so then coins can go down the couch.

5.

You could take the pictures off of the coins and then you could put a picture of the prime minister of that country to make it more valuable. You could make the coins different shapes and sizes and you could make more coins but different colours and a different value on them like 25cents or 75cents to make it so you don’t have to carry more coins

6.

You could make them bigger and smaller but if they were to go to smaller they would me easier to lose. If they were to go to big they might not be able to fit in your wallet so then their wouldn't be any point keeping them unless you bank it. 

7. 

No because it is already user friendly for people to use it easy and it is easy for people to understand how to use it.

8.

There are really not much disadvantages on my changes on the product or any advantages.

9.

Business Studies - Production Line Research

Today in business studies we have been learning about production lines and what they do. For our task today we had to research about production lines and answer the questions that was on the Business Studies site. Then we had to present it on something to make it look good and presentable, I chose to make a slideshow. Here is my slideshow of the work that I have completed today.

Business Studies - Opportunity Cost

On Friday we were learning about opportunity cost and what that means is you have a couple of options and the second one that you have left out is opportunity cost. Here is an example Sarah only has 1 hour until bedtime. You can read a book, play a game or bake a cake. She picks to play a game and the second choice is opportunity cost which was to read a book. After we learnt all of that there was an activity that we had to complete within that lesson. What we had to do was to make a powtoon to show the scenario and what Sarah opportunity cost is.

Here are some screenshots of my powtoon

Business studies - Rechargeable light bulbs

Today in business studies we had to come up with some ideas on how to make product better and how they can improved. Then we had to discuss what we wanted to do then we had to consider these things, Cost involved and what existing products would be using or competing against. After that we had to start designing our ideas on paper. What my group came up with was rechargeable light bulbs. After we had to answer some questions on this blog post.

What product you are trying to improve?

We are turning a normal light bulb to a rechargeable light bulb

Why you wanted to improve it?

Because we want to upgrade light bulbs to make them more better than they already are.

What would the changes be?

• To make the chargeable light bulb to charge longer than it already does
• To make it more brighter than it already is

Business studies

In business studies we have been looking at some idea's that could be improved, change or make better. After that we got into groups and our group came up with a bit of idea's on what we could change, improve or make better.

Here are some of the remaking creations that we have made up.

Ideas: Upgradeable creations - looks, differently built

Shoes - looks, foldable,  stretchy and moulds onto u

Clothes which need not a lot of cleaning

Deodorant - Lasts longer and the scent lasts longer as well

Windows-which can dim when light is too bright.

Rechargeable light bulbs- So you can recharge light bulbs

Glasses-which the user can change to someone’s eyesight quality

Sorry that this isn't a big blog.

Kiwi Ingenuity - Business studies

Last week in business studies we were working out how to fix the kiwi bloke problem that our teacher made up. and then we had to write it down in a google doc. Here is the problem.

Your kiwi bloke has gone camping and taken tinned food to eat… but he’s forgotten the can opener!

How is he going to solve the problem??

This is what my group came up with.

1. Use a knife to cut it open
2. Order some uber eats instead
3. Get a sharp piece of stick and STAB IT open
4. Fruit trees
5. Huhu grubs
6. Get one of those safety lighters and have it there lighting on top of can then break it open

After that the class was looking at the people that invented these weird items that we were looking at. Then we answered 2 questions for each of the photos, there were about 9 pictures that we had to answer the 2 questions on. Here are what the pictures were called.

1. A mountain buggy

2.  Most benefit Waterside - Arthur's Pass

3. The scootboard

4. Spreadable butter

5. Clothing and equipment

6. A van boat

7. The cycle mower

8. The hedge trimmer

Here is what we wrote for each of them.

A mountain buggy:

• It has construction on the picture to show how it works and it has the price on it.
• $1.50 for a mountain buggy (LEGIT)
• It’s taking something and using it for another purpose

  Waterside - Arthur's Pass

• It sends water over the road so we they didn’t have to build a bridge
• It is part of the water stream that goes around and around
• It can be for using like a waterside otherwise its DEATH

The Scootboard:

• You can hold onto something and not fall off
• You can’t even ride it properly and do scooter tricks
• It is for people that don’t have a brain to think about how to ride it

Spreadable butter:

• Why is it so cheap for a block of butter for $1.00
• It shows the construction on how it works and what it looks like
• It doesn't make sense because there are easier solutions for this concept

Clothing and equipment:

• The purpose of this concept is that it makes you warm, live and to be happy
• The outdoor pack is to help you carry things so you don't have to carry it yourself with your own hands
• It also has a tent to keep you under shelter and so you don’t get sick and get cold

A van boat:

• Where is the motor or are there rafts to make it move
• It is multipurpose for this concept of the van boat
• Is there a motor if there is it is going to wreck the whole van in general

The cycle mower:

• The cycle mower is easily unstable because it is going to snap of and your head is gonna go through the mower and kill yourself
• The mower is so rusty it is going to break or destroy the whole thing in general  

The hedge trimmer:

• The straps that are holding the tractor thing can easily snap off and the human could die. 
• Good idea poorly executed.8
• It's an easy way to trim the hedges but is very unsafe. Just use a ladder, people.

Today our teacher put questions on the TV about kiwi ingenuity then we had to answer them. Here are the questions.

1. Which one of these examples of kiwi Ingenuity do you think would be;

A. Of most benefit to New Zealanders? Give a reasonable example

B. Of least benefit to New Zealanders? Give a reasonable example

The most benefit example is the clothing and equipment because from my perspective everyone would use it cause it will help you when you are travelling or going camping somewhere for a holiday. The clothing helps you from being sick and to keep you warm and to keep you alive. The backpack can help you carry your things and for alot of things.

The least benefit example is the spreadable butter because it will be really hard to use from my perspective. I dont know why they made this item when you can easily just put it in the microwave or something to make it softer to spread then making this hard item. So I dont think many people will use this dumb item.

2. Choose the two examples of kiwi Ingenuity that you think would be the most likely to capture the imagination of people in other countries. Justify your choices.

The first one is the clothing and equipment because from my perspective everyone would use it cause it will help you when you are travelling or going camping somewhere for a holiday. The clothing helps you from being sick and to keep you warm and to keep you alive. The backpack can help you carry your things and for alot of things.

The second one is the van boat because it is way cheaper than buying a boat but instead you can just use your fan and make it into a boat. In my head im thinking about the engine at the bottom of the van because it could wreak the whole thing.

Steve Jobs

This week for business studies we have been learning about entrepreneurs and what they do. What entrepreneurs do is that they organise a business or businesses and they show other people how to do so. Teachers told us to get into pairs and chose a entrepreneur and research about them, Benjamen and I chose Steve Jobs but he passed away in 2011 from cancer. We had to answer some questions about about this person. The questions will be in the slideshow that I am going to show you.

Here is the slide show that we have made.