What to do
Note to teacher: This Internal Assessment Activity may be used unchanged, or can be adapted by the teacher, ensuring that all requirements of the Achievement Standard are still met. This textbox should be removed prior to sharing the activity with your students.
Note to teacher: This Internal Assessment Activity may be used unchanged, or can be adapted by the teacher, ensuring that all requirements of the Achievement Standard are still met. This textbox should be removed prior to sharing the activity with your students.
You are going to explore the price setting of an organisation in your community. You will use financial and/or non-financial information, and a model or concept to:
- explore how it sets a price
- explain how the price might change over time in response to changes in internal and external factors
- consider the consequence of making changes to the price (or of keeping the price the same).
You may choose your own organisation or your kaiako might choose an organisation to study as a class.
If you choose your own organisation, choose a local organisation that your whānau has some involvement in, or that you can visit and engage with. Your kaiako will help you choose a suitable organisation. To be suitable for this Assessment Activity, the organisation must charge a price for a good or service.
Step 1: Explore how an organisation determines and sets a price.
- Describe how the price of the good or service was determined, using financial and/or non-financial information. Make sure your description is supported by a model or concept.
Step 2: Explain how the price might change over time in response to changes in internal or external factors. Make sure your explanations are supported by financial and/or non-financial information, and a model or concept.
- Identify an internal or external factor that might influence the price of the good or service (eg number of competitors).
- Explain how a change in this factor could influence the price of the good or service.
- Explain options the organisation could consider for changing the price they have set and explain if not changing the price is an option.
Step 3: Evaluate the pricing decision.
- Justify the price you have set after the change in internal or external factor. Make sure your justification is supported by financial and/or non-financial information, and a model or concept.
- What are some possible consequences of this decision? Discuss the impact of the consequences on both the organisation and the stakeholders.
You are going to explore the price setting of an organisation in your community. You will use financial and/or non-financial information, and a model or concept to:
- explore how it sets a price
- explain how the price might change over time in response to changes in internal and external factors
- consider the consequence of making changes to the price (or of keeping the price the same).
You may choose your own organisation or your kaiako might choose an organisation to study as a class.
If you choose your own organisation, choose a local organisation that your whānau has some involvement in, or that you can visit and engage with. Your kaiako will help you choose a suitable organisation. To be suitable for this Assessment Activity, the organisation must charge a price for a good or service.
Step 1: Explore how an organisation determines and sets a price.
- Describe how the price of the good or service was determined, using financial and/or non-financial information. Make sure your description is supported by a model or concept.
Step 2: Explain how the price might change over time in response to changes in internal or external factors. Make sure your explanations are supported by financial and/or non-financial information, and a model or concept.
- Identify an internal or external factor that might influence the price of the good or service (eg number of competitors).
- Explain how a change in this factor could influence the price of the good or service.
- Explain options the organisation could consider for changing the price they have set and explain if not changing the price is an option.
Step 3: Evaluate the pricing decision.
- Justify the price you have set after the change in internal or external factor. Make sure your justification is supported by financial and/or non-financial information, and a model or concept.
- What are some possible consequences of this decision? Discuss the impact of the consequences on both the organisation and the stakeholders.
How to present your learning
You may present your evidence using one, or a combination of, the following options:
- an oral presentation (three to four minutes)
- a slide presentation (up to eight slides maximum)
- a written report (750-800 words)
- a voice recording (three to four minutes)
- a video (three to four minutes).
You may work together in a group to discuss the evidence, but you must individually present your work to show you have met all of the requirements of the Achievement Standard.
You may present your evidence using one, or a combination of, the following options:
- an oral presentation (three to four minutes)
- a slide presentation (up to eight slides maximum)
- a written report (750-800 words)
- a voice recording (three to four minutes)
- a video (three to four minutes).
You may work together in a group to discuss the evidence, but you must individually present your work to show you have met all of the requirements of the Achievement Standard.
Timeframe
You should aim to spend eight hours of class time working on this Assessment Activity. Your kaiako will help you develop milestones so that you can manage your time.
You should aim to spend eight hours of class time working on this Assessment Activity. Your kaiako will help you develop milestones so that you can manage your time.
Getting started
Start by identifying your local organisation and outlining its pūtake and stakeholders. What goods or services are sold by the organisation? What financial or non-financial information is relevant to determining the price of the selected good or service? Identify a model or concept — why is it appropriate to determining the price?
When working on this Assessment Activity, make use of any knowledge you might have gained from:
- a field trip
- a guest speaker
- online research.
Start by identifying your local organisation and outlining its pūtake and stakeholders. What goods or services are sold by the organisation? What financial or non-financial information is relevant to determining the price of the selected good or service? Identify a model or concept — why is it appropriate to determining the price?
When working on this Assessment Activity, make use of any knowledge you might have gained from:
- a field trip
- a guest speaker
- online research.
What to do
Note to teacher: This Internal Assessment Activity may be used unchanged, or can be adapted by the teacher, ensuring that all requirements of the Achievement Standard are still met. This textbox should be removed prior to sharing the activity with your students.
Note to teacher: This Internal Assessment Activity may be used unchanged, or can be adapted by the teacher, ensuring that all requirements of the Achievement Standard are still met. This textbox should be removed prior to sharing the activity with your students.
You are going to explore the price setting of an organisation in your community. You will use financial and/or non-financial information, and a model or concept to:
- explore how it sets a price
- explain how the price might change over time in response to changes in internal and external factors
- consider the consequence of making changes to the price (or of keeping the price the same).
You may choose your own organisation or your kaiako might choose an organisation to study as a class.
If you choose your own organisation, choose a local organisation that your whānau has some involvement in, or that you can visit and engage with. Your kaiako will help you choose a suitable organisation. To be suitable for this Assessment Activity, the organisation must charge a price for a good or service.
Step 1: Explore how an organisation determines and sets a price.
- Describe how the price of the good or service was determined, using financial and/or non-financial information. Make sure your description is supported by a model or concept.
Step 2: Explain how the price might change over time in response to changes in internal or external factors. Make sure your explanations are supported by financial and/or non-financial information, and a model or concept.
- Identify an internal or external factor that might influence the price of the good or service (eg number of competitors).
- Explain how a change in this factor could influence the price of the good or service.
- Explain options the organisation could consider for changing the price they have set and explain if not changing the price is an option.
Step 3: Evaluate the pricing decision.
- Justify the price you have set after the change in internal or external factor. Make sure your justification is supported by financial and/or non-financial information, and a model or concept.
- What are some possible consequences of this decision? Discuss the impact of the consequences on both the organisation and the stakeholders.
You are going to explore the price setting of an organisation in your community. You will use financial and/or non-financial information, and a model or concept to:
- explore how it sets a price
- explain how the price might change over time in response to changes in internal and external factors
- consider the consequence of making changes to the price (or of keeping the price the same).
You may choose your own organisation or your kaiako might choose an organisation to study as a class.
If you choose your own organisation, choose a local organisation that your whānau has some involvement in, or that you can visit and engage with. Your kaiako will help you choose a suitable organisation. To be suitable for this Assessment Activity, the organisation must charge a price for a good or service.
Step 1: Explore how an organisation determines and sets a price.
- Describe how the price of the good or service was determined, using financial and/or non-financial information. Make sure your description is supported by a model or concept.
Step 2: Explain how the price might change over time in response to changes in internal or external factors. Make sure your explanations are supported by financial and/or non-financial information, and a model or concept.
- Identify an internal or external factor that might influence the price of the good or service (eg number of competitors).
- Explain how a change in this factor could influence the price of the good or service.
- Explain options the organisation could consider for changing the price they have set and explain if not changing the price is an option.
Step 3: Evaluate the pricing decision.
- Justify the price you have set after the change in internal or external factor. Make sure your justification is supported by financial and/or non-financial information, and a model or concept.
- What are some possible consequences of this decision? Discuss the impact of the consequences on both the organisation and the stakeholders.
How to present your learning
You may present your evidence using one, or a combination of, the following options:
- an oral presentation (three to four minutes)
- a slide presentation (up to eight slides maximum)
- a written report (750-800 words)
- a voice recording (three to four minutes)
- a video (three to four minutes).
You may work together in a group to discuss the evidence, but you must individually present your work to show you have met all of the requirements of the Achievement Standard.
You may present your evidence using one, or a combination of, the following options:
- an oral presentation (three to four minutes)
- a slide presentation (up to eight slides maximum)
- a written report (750-800 words)
- a voice recording (three to four minutes)
- a video (three to four minutes).
You may work together in a group to discuss the evidence, but you must individually present your work to show you have met all of the requirements of the Achievement Standard.
Timeframe
You should aim to spend eight hours of class time working on this Assessment Activity. Your kaiako will help you develop milestones so that you can manage your time.
You should aim to spend eight hours of class time working on this Assessment Activity. Your kaiako will help you develop milestones so that you can manage your time.
Getting started
Start by identifying your local organisation and outlining its pūtake and stakeholders. What goods or services are sold by the organisation? What financial or non-financial information is relevant to determining the price of the selected good or service? Identify a model or concept — why is it appropriate to determining the price?
When working on this Assessment Activity, make use of any knowledge you might have gained from:
- a field trip
- a guest speaker
- online research.
Start by identifying your local organisation and outlining its pūtake and stakeholders. What goods or services are sold by the organisation? What financial or non-financial information is relevant to determining the price of the selected good or service? Identify a model or concept — why is it appropriate to determining the price?
When working on this Assessment Activity, make use of any knowledge you might have gained from:
- a field trip
- a guest speaker
- online research.