BUSS507 Financial Decision Making and Information Systems Week 1 | AUT

BUSS507 Financial Decision Making and Information Systems

Week 1 – Workshop Worksheet

Exercise 1: 

1. Make a list of businesses that you have had an interaction with sometime today AT, one nz, at mobile, breaktime, google maps, apple, acer, Instagram, tiktok, Microsoft, watercare, rockgas, AUT 
2. What information is obtained by the business as a result of your interaction with them? Card account holder, my location, what goods or services I need, personal data, marketing trends
3. How does the business use this information?
   to provide me goods and services, to improve performance and gain better market share 
4. Who else might be interested in this information?Keep track of information and gathering data, advertising and marketing to improve the service, internal and external stakeholders, IRD,

Exercise 2: 

Budget Exercise: Income – Expenses = Profit

1. Necklace 

• Selling Price: $35 
• Cost: $7.50 
• Quantity per month: 240 items 

2. Bracelet 

• Selling Price: $55 
• Cost: $15
• Quantity per month: 240 items 

3. Earrings (per pair) 

• Selling Price: $15 
• Cost: $5.50 
• Quantity per month: 240 pairs 

Answer:

Exercise 3:

1. Where would you find information if you were wanting to start a business?Companies register 
2. Go to the MBIE website www.business.govt.nz
   a. Click on Starting a business – Get started
   b. Look at the ‘Ten steps to start a business’
   c. Using the Business Structure tool, check out the different ownership structures.
   d. If you decide to form a company, what other steps do you have to take?
   e. How much will it cost you?