Humanities and Social Sciences / 7–10 Economics and Business / Year 8 / Economics and Business Skills / Economic reasoning, decision-making and application / ACHES035
Generate a range of alternatives in response to an observed economic or business issue or event, and evaluate the potential costs and benefits of each alternative
identifying opportunities in the market for a business and proposing alternative ways to take advantage of these
undertaking a cost-benefit analysis of alternative ways for a business to respond to opportunities in the market and making a decision about which one to recommend
exploring an Aboriginal or Torres Strait Islander business or enterprise, analysing how it has responded to an issue or opportunity, and applying a cost-benefit analysis