Financial Literacy & Business Skills:
Juniors: 2 Hours/ Week
Teens: 2 Hours/ Week
Basic Economics:
- Understand simple economic concepts
- Understand differences between need and wants; goods and services; supply and demand; profit and loss; producer and consumer
- Understand the relevance of economics in day-to-day living
Basic Business Concepts:
- Understand basic business terminologies like expense, budgeting, cost, marketing, income, profit, competition, revenue, target market, break-even, debt, savings, etc.
- Make calculations on costing and pricing
Competition:
- Understand the concept of competition
- Identify substitutes
- Identify unique selling proposition (USP)
Marketing:
- Understand the concept of marketing
- Apply the 4Ps of the marketing mix: Product, Price, Promotion, Place
- Create marketing collateral’s
- Understand the importance of having
- good customer service
- Identify essential customer service skill
Advertising:
- Understand the concept of advertising
- Identify the different types of advertisements
- Understand the techniques used in advertising
Financial Planning:
- Engage in meaningful financial practices
- Set attainable financial goals
- Create a financial plan
- Review and revise the financial plan
Business Planning:
- Understand what a business plan is and its key components
- Write a description of the company
- Produce suitable vision and mission statements
- Identify SMART goals suitable for each student
- Write a business plan
- Give own interpretation of various logos and slogans
- Create a company logo
- Create a company slogan
Field Trip:
- Learn the procedures of starting a business
- Know the different business authorities
- Understand the business climate in the country
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