Page 49 - Bisiness Studies_Form_3
P. 49
Business Studies for Secondary Schools
Activity 2.4 (c) Analysis of the observed
compliance or non-compliance.
Conduct a scavenger hunt in the local (d) Identify any questions,
community, focusing on areas with concerns, or insights that
various small businesses such as emerged during the hunt.
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markets, shops, workshops, food stalls, 2. Analyse your observations and
or motorcycle (boda-boda) parking. propose how to address any gaps
Create a checklist and use it to: observed from the interviews.
Contributing to a positive business
(a) Observe and identify evidence of
environment: Adhering to fair competition 3. Consider one or two business ideas
compliance with laws and by-laws
laws ensures a level playing field for all that you or a classmate is interested
(for example, licences displayed,
businesses, promoting healthy competition in. Explain how the identified laws
waste disposal practices, safety
and innovation. Similarly, compliance and by-laws affect the business
equipment, and signage).
with local government by-laws promotes idea.
(b) Take notes, photos, or videos
responsible business practices that benefit
of observed evidence (with
the community, fostering harmonious
permission from business owners
relationships and contributing to local Project activity
or employees).
development. Ultimately, a culture of
(c) Ask politely if business owners
compliance attracts investment, boosts Based on the experience gained on the
are aware of any specific laws and
scavenger hunt, you realise that it is
economic growth, and creates a thriving important to understand all compliance
by-laws that govern their business
ecosystem for small businesses. requirements in order to run and
operations.
grow your business freely, fairly and
competitively. In preparation to launch
Skills lab activity your business, develop a practical
1. Using the data gathered during compliance plan for your business. The
the community scavenger hunt, plan should outline:
including the observations, photos, (a) The specific laws and by-laws and
or videos, prepare a short report their corresponding agencies that
documenting: apply to your kind of business.
(a) A list of the observed
evidence of compliance with (b) The steps you will take to comply
laws and by-laws. with each regulation.
(b) The identified laws and by- (c) The resources you will need to
laws and the corresponding ensure compliance (for example,
agencies enforcing them. permits, equipment, training).
41 Student’s Book Form Three
