IMS Content 1.3 TLF-LearningObject L3235 en Test market demand for a café business. Survey customers representing market groups and record their preferences for menu items, opening hours, look and feel. Identify the business choices most likely to succeed. For example, open a bright and funky café at dinner time serving omelettes, muffins and stir-fry dishes. Look closely at sales figures and make adjustments. This learning object is the second in a series of three objects that progressively increase in difficulty. Consumption Commerce Supply and demand Sales Restaurants Market research Competition (Economics) Decor Start-up businesses Trading hours LOMv1.0 2 2.0 LOMv1.0 revised LOMv1.0 Script writer BEGIN:VCARD REV:2006-06-21T14:27:03+09:30 ADR:;;;Wananup;WA;6210;Australia ORG:Bell Solutions N:Bell;Colin;;; FN:Colin Bell VERSION:3.0 END:VCARD LOMv1.0 Subject matter expert BEGIN:VCARD REV:2006-06-02T09:32:33+09:30 ADR:;;;Wananup;WA;6210;Australia ORG:Bell Solutions N:Bell;Colin;;; FN:Colin Bell VERSION:3.0 END:VCARD LOMv1.0 Script writer BEGIN:VCARD REV:2006-06-21T14:28:12+09:30 ADR:;;;Fortitude Valley;QLD;4006;Australia ORG:Liquid Animation Pty Ltd URL:http://www.liquidanimation.com/ VERSION:3.0 END:VCARD LOMv1.0 Technical implementer BEGIN:VCARD REV:2006-06-21T14:28:35+09:30 ADR:;;;Fortitude Valley;QLD;4006;Australia ORG:Liquid Animation Pty Ltd URL:http://www.liquidanimation.com/ VERSION:3.0 END:VCARD LOMv1.0 Publisher BEGIN:VCARD REV:2007-02-23T06:35:47Z ADR:;;;Melbourne;VIC;3000;Australia ORG:Curriculum Corporation\; The Le@rning Federation URL:http://www.thelearningfederation.edu.au/ VERSION:3.0 END:VCARD 2006-10-03T06:42:59.0Z TLF-Metadata 258910 LOMv1.0 ANZ-LOMv1.0 ednav1.1 en text/html application/x-shockwave-flash text/css text/xml 176157 http://resolver.thelearningfederation.edu.au/rft_id=10257/872 LOMv1.0 Operating System Curriculum Corporation technical requirement MacOS X LOMv1.0 Operating System Curriculum Corporation technical requirement MS-Windows 2000 XP LOMv1.0 Browser Curriculum Corporation technical requirement Firefox 1.0 (MS-Windows) LOMv1.0 Browser Curriculum Corporation technical requirement Microsoft Internet Explorer 6.0 (MS-Windows) LOMv1.0 Browser Curriculum Corporation technical requirement Netscape Communicator 6.2 (MS-Windows) LOMv1.0 Browser Curriculum Corporation technical requirement Safari 1.2 (MacOS) Curriculum Corporation technical requirement Plug-in Curriculum Corporation technical requirement Macromedia Flash Player 8 DCMI Type Interactive resource LOMv1.0 learner LOMv1.0 school 12,13,14,15 © Curriculum Corporation. This material solely contains TLF Content. Refer to Conditions of Use. LOMv1.0 isbasedon TLF-LearningObject L3235 v.2.0 Includes editorial improvements. v.1.0 First public release. LOMv1.0 educational level edna-userlevel 8 9 LOMv1.0 idea ScOT 1648 Commerce ScOT 4078 Consumption ScOT 4150 Competition (Economics) ScOT 4832 Market research ScOT 6322 Restaurants ScOT 460 Sales ScOT 3014 Supply and demand LOMv1.0 skill level Bloom's taxonomy of the cognitive domain Analysis Bloom's taxonomy of the cognitive domain Application Bloom's taxonomy of the cognitive domain Comprehension Bloom's taxonomy of the cognitive domain Knowledge LOMv1.0 educational objective TLF_studentactivity Interactives TLF_studentactivity Experiment TLF_studentactivity Analysis TLF_studentactivity Modelling TLF_studentactivity Data manipulation and interpretation LOMv1.0 educational objective TLF_learningdesign Experiential learning TLF_learningdesign Independent learning TLF_learningdesign Problem solving TLF_learningdesign Visual learning LOMv1.0 educational objective Key learning objective Students explore how retail profitability is related to customer demand. Key learning objective Students analyse market research evidence to identify profitable trading hours, ambience and menu items. LOMv1.0 educational objective Educational value Highlights the significance of market research when running a business. Educational value Encourages students to examine business outcomes and adapt business ideas. Educational value Supports repeated testing of ideas and an iterative approach to business modelling. LOMv1.0 discipline edna-kla studies of society and environment LOMv1.0 discipline TLF_strand studies of society and environment Resources LOMv1.0 discipline TLF_concepts studies of society and environment Economics TLF_concepts studies of society and environment Enterprise TLF_concepts studies of society and environment Commerce TLF_concepts studies of society and environment Business TLF_concepts studies of society and environment Consumer economics LOMv1.0 discipline AGIFT Education and training School education LOMv1.0 accessibility restrictions TLF_accessprofile Colour independence TLF_accessprofile Device independence TLF_accessprofile Hearing independence TLF-LearningObject L3235 en Test market demand for a café business. Survey customers representing market groups and record their preferences for menu items, opening hours, look and feel. Identify the business choices most likely to succeed. For example, open a bright and funky café at dinner time serving omelettes, muffins and stir-fry dishes. Look closely at sales figures and make adjustments. This learning object is the second in a series of three objects that progressively increase in difficulty. Consumption Commerce Supply and demand Sales Restaurants Market research Competition (Economics) Decor Start-up businesses Trading hours LOMv1.0 2 2.0 LOMv1.0 revised LOMv1.0 Script writer BEGIN:VCARD REV:2006-06-21T14:27:03+09:30 ADR:;;;Wananup;WA;6210;Australia ORG:Bell Solutions N:Bell;Colin;;; FN:Colin Bell VERSION:3.0 END:VCARD LOMv1.0 Subject matter expert BEGIN:VCARD REV:2006-06-02T09:32:33+09:30 ADR:;;;Wananup;WA;6210;Australia ORG:Bell Solutions N:Bell;Colin;;; FN:Colin Bell VERSION:3.0 END:VCARD LOMv1.0 Script writer BEGIN:VCARD REV:2006-06-21T14:28:12+09:30 ADR:;;;Fortitude Valley;QLD;4006;Australia ORG:Liquid Animation Pty Ltd URL:http://www.liquidanimation.com/ VERSION:3.0 END:VCARD LOMv1.0 Technical implementer BEGIN:VCARD REV:2006-06-21T14:28:35+09:30 ADR:;;;Fortitude Valley;QLD;4006;Australia ORG:Liquid Animation Pty Ltd URL:http://www.liquidanimation.com/ VERSION:3.0 END:VCARD LOMv1.0 Publisher BEGIN:VCARD REV:2007-02-23T06:35:47Z ADR:;;;Melbourne;VIC;3000;Australia ORG:Curriculum Corporation\; The Le@rning Federation URL:http://www.thelearningfederation.edu.au/ VERSION:3.0 END:VCARD 2006-10-03T06:42:59.0Z TLF-Metadata 258910 LOMv1.0 ANZ-LOMv1.0 ednav1.1 en text/html application/x-shockwave-flash text/css text/xml 176157 http://resolver.thelearningfederation.edu.au/rft_id=10257/872 LOMv1.0 Operating System Curriculum Corporation technical requirement MacOS X LOMv1.0 Operating System Curriculum Corporation technical requirement MS-Windows 2000 XP LOMv1.0 Browser Curriculum Corporation technical requirement Firefox 1.0 (MS-Windows) LOMv1.0 Browser Curriculum Corporation technical requirement Microsoft Internet Explorer 6.0 (MS-Windows) LOMv1.0 Browser Curriculum Corporation technical requirement Netscape Communicator 6.2 (MS-Windows) LOMv1.0 Browser Curriculum Corporation technical requirement Safari 1.2 (MacOS) Curriculum Corporation technical requirement Plug-in Curriculum Corporation technical requirement Macromedia Flash Player 8 DCMI Type Interactive resource LOMv1.0 learner LOMv1.0 school 12,13,14,15 © Curriculum Corporation. This material solely contains TLF Content. Refer to Conditions of Use. LOMv1.0 isbasedon TLF-LearningObject L3235 v.2.0 Includes editorial improvements. v.1.0 First public release. LOMv1.0 educational level edna-userlevel 8 9 LOMv1.0 idea ScOT 1648 Commerce ScOT 4078 Consumption ScOT 4150 Competition (Economics) ScOT 4832 Market research ScOT 6322 Restaurants ScOT 460 Sales ScOT 3014 Supply and demand LOMv1.0 skill level Bloom's taxonomy of the cognitive domain Analysis Bloom's taxonomy of the cognitive domain Application Bloom's taxonomy of the cognitive domain Comprehension Bloom's taxonomy of the cognitive domain Knowledge LOMv1.0 educational objective TLF_studentactivity Interactives TLF_studentactivity Experiment TLF_studentactivity Analysis TLF_studentactivity Modelling TLF_studentactivity Data manipulation and interpretation LOMv1.0 educational objective TLF_learningdesign Experiential learning TLF_learningdesign Independent learning TLF_learningdesign Problem solving TLF_learningdesign Visual learning LOMv1.0 educational objective Key learning objective Students explore how retail profitability is related to customer demand. Key learning objective Students analyse market research evidence to identify profitable trading hours, ambience and menu items. LOMv1.0 educational objective Educational value Highlights the significance of market research when running a business. Educational value Encourages students to examine business outcomes and adapt business ideas. Educational value Supports repeated testing of ideas and an iterative approach to business modelling. 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