Benefits & Connections

Course: BBI1O or BBI2O

Unit: Finance; Income Management

• identify the factors that need to be assessed in order to make effective purchasing decisions (e.g., cost, quality, guarantees, service, money available, product information); (Business Studies, 2006, p. 32)

Based on the performance of the business and analysing the amount of money available, cost of product, cost of condiments, and perceived reputation for the business, players figure out how to use this information to make effective purchasing decisions.

Course: BBI1O or BBI2O

Unit: Business Fundamentals; Economic Basics

• describe the concepts of, and conditions that affect, supply and demand;

• explain how needs and wants create opportunities for business; (Business Studies, 2006, p. 28)

Throughout the daily activity of the Coffee Shop game the players will notice whether the supply meets the demand of the coffee at equilibrium. This develops a good understanding of the concept of supply and demand as well as the some of the conditions that affect them. The player gains an understanding of how the need or want for coffee creates opportunities for this business.

Business Skills such as critical and creative thinking and problem solving are developed. For example, if the shop was sold out of coffee before the end of the business day the player needs to analyse the results. The player needs to be creative to develop new ideas to make the appropriate adjustments. Skills in fundamentals of economics are developed through learning the concepts of supply, demand, cost, and profits. Entrepreneurial skills such as strategic planning and risk taking are needed to set the price and quantity of product to purchase.

Financial Literacy skills such as money management skills are developed while playing the Coffee Shop game. Players need to manage the money the business has with respect to the variables such as supply and demand. Numeracy skills and Financial decison making skills are developed when the player assesses the results of the business performance to decide how to set the price and make purchases for the next business day.

Critical thinking is developed while playing the Coffee Shop game. The player begins with a starting amount of money available and they need to think critically to manage their business based on a variety of factors (recipe, coffee, and cups). The player needs to acquire results, process and interpret the information then problem solve and make informed decisions to take action in order to manage the business and make a profit.

Creativity skills are developed when players purchase supplies such as the number of cups, and product such as coffee, sugar and milk because they are in pursuit of ideas and ways to meet the needs of their customers. This game devleops the skill to compete in business as the player realizes new ideas in order to adjust to the supply and demand and make a positive contribution to the business.