VCEBE010
Make decisions, identify appropriate actions by considering the advantages and disadvantages, and form conclusions concerning an economics or business issue or event
Elaborations
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weighing up options involved in a decision, for example, purchasing a phone by comparing the advantages and disadvantages of each available option
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making an individual purchasing decision based on an analysis of the trade-offs involved
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identifying the effect of consumers purchasing items from a range of sources on local businesses, for example, ‘What is the effect on the local shopping centre if consumers purchase more goods online rather than in local shops?’
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taking action to share their findings with audiences beyond the classroom, such as presenting at a school assembly, writing a letter to the editor of the local newspaper or their local member of parliament
VCEBE010 | The Humanities | Economics and Business | Levels 5 and 6 | Economic and Business Reasoning and Interpretation
