The Year 7 Economics classes are exploring local businesses as they investigate the vagaries of business economics and learn how to manage supply and demand whilst catering to a diverse range of clients. Simone Togni and Corrine Beames graciously hosted our Year 7B class at Simone’s business, Milk and Honey, a home décor store that provides a range of boutique clothing, footwear, homewares and gifts carefully curated by Simone. During the field trip Simone described the history of her business that started 14 years ago in Timboon and the importance of having a variety of quality stock that appealed to her customer base of both locals and tourists. Students learnt that goods are purchased 12 months in advance often at a gift fairs in August with a range of intended purchasers in Simone’s mind as she appraises potential stock. Purchasing demand was considered alongside the volume of stock available on the shelves with December/January and Easter usually being the busiest times of the year. Branching into quality, affordable furniture imported from Bali was proving to be a successful new venture for Simone with lots of interest in the tables, chairs and furniture. Thanks Simone and Corinne for hosting our budding entrepreneurs Comments are closed.
|
Archives
March 2024
|