Level 1 Business Studies

Level I Business Studies (Commerce). 

Level I Business Studies is also known as Level 1 Commerce. Commerce combines aspects of economic activity, including accounting and business practices. In Level 1 Commerce, learners will mainly learn about financial decision making, price determination, and interdependent financial relationships. The Achievement Standards in Level 1 Commerce are as follows:

AS92028 Demonstrate understanding of an organisation's financial decision-making (5 credits)- Learners will learn about financial decision-making and the impact of financial decisions on organisations and stakeholders. Learners will learn to analyse financial data using financial tools to make decisions for an organisation.

AS92029 Demonstrate understanding of price determination for an organisation (5 credits)- The learners will learn about the processes involved in price determination and will determine a price for a product based on market research, analysing financial data, and using financial models such as Projected Income Statements and breakeven analysis.

AS92030 Demonstrate understanding of how entities with interdependent financial relationships are affected by an event (5 credits) -This is an external examination conducted towards the end of the academic year. The teaching and learning for this topic focuses on financial interdependence in the economy and understanding the real and money flows across different sectors of the economy. Learners will also learn about the interdependence of several factors that come together in the real economy.