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NSW Curriculum
NSW Education Standards Authority

7–10Commerce 7–10 Syllabus

Record of changes
Implementation from 2027
Expand for detailed implementation advice

Content

Stage 4

Options

Teachers select options from:

  • Our economy
  • Running a business
  • Promoting and selling
  • Investing
  • Law in action
  • Political and community involvement
  • The travel consumer
  • Towards independence
  • School-developed option.
Running a business (option)
Planning a small business
  • The characteristics of a small business

  • Opportunities to start a small business

  • The importance of conducting a feasibility study through market research

  • Selecting an appropriate ownership structure, including sole trader, partnership and private company

  • Advantages and disadvantages of buying a franchise

  • Starting a new business compared to purchasing an existing business

  • Choosing a business location and its impact on the success of a small business

  • Evaluation of finance options, including bank loans and seeking investors

Business operations
  • Laws affecting the operation of a small business

  • The impact of the goods and services tax (GST) on businesses and consumers

  • Factors to consider when staffing a small business

  • Selecting and implementing appropriate marketing strategies to attract customers and sell goods and services

Maintaining financial records
  • The purpose and use of financial records

  • The features of key financial statements and how to interpret them

  • Financial management strategies to improve business performance

Thinking, researching and communicating
  • Investigate a current issue in relation to running a business and communicate findings using relevant subject-specific terminology in written, oral, visual or multimodal form

  • Create written texts to explain and analyse aspects of running a business

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