Agribusiness - annotated exemplar level 3 91869

Analyse future proofing strategies to ensure long term viability of a business (3.8)

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TKI Business Studies Assessment Resources

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This annotated exemplar is intended for teacher use only. The student work shown does not always represent a complete sample of what is required. Selected extracts are used, focused on the grade boundaries, in order to assist assessors to make judgements at the national standard.

Low Excellence

Commentary
Student work extract

Student 1 (PDF, 130KB)

For Excellence, the student needs to comprehensively analyse future proofing strategies to ensure long term viability of a business.

This involves evaluating and justifying the recommended future proofing strategy that best meets future needs of an identified business to ensure long term viability.

The student addressed the environmental, social, and economic influences that affect TBL, and explained two future proofing strategies in detail (not shown in this excerpt).

The student has started to evaluate the strategies in terms of the advantages of each one, explaining how the research could be used to prepare ahead for a possible methane cap (1). The student also evaluated an environmental tick to enable premium prices and secure a market share of environmentally concerned consumers (2).

The student has to some degree explained financial control, inflation and consumer income, with a focus on the brand and market share.

The student has recommended a strategy and explained why it is the most effective option, justifying it in terms of TBL creating a unique selling point, branding and securing a market share of environmentally concerned consumers (4).

For a more secure Excellence, the student could provide further evaluation of the strategies, considering the disadvantages as well as advantages. The student also needs to demonstrate a clearer understanding of business. For example, in their explanation of the economic strategy there would be recognition of the need to control expenses and maintain resources.

The student would also need to devise an economic strategy that could help future proof the financial profitability and viability of TBL. Explanations of premium pricing or financial control could be expanded (3).

High Merit

Commentary
Student work extract

Student 2 (PDF, 110KB)

For Merit, the student needs to analyse, in-depth, future proofing strategies to ensure long term viability of a business.

This involves giving a thorough explanation of future proofing strategies to ensure the long-term viability of a business. This includes explaining each strategy and recommending the strategy that best meets future needs of an identified business.

The student addressed some environmental, biological, social, and economic influences affecting TBL (not shown in this excerpt).

The student has explained the scientific gender and breeding strategy and early culling strategy to reduce nitrogen (1). Strategies around maintaining and using the environmental tick for branding and premium pricing (2) are also explained. An economic exporting strategy explains expansion of the existing market to include Japanese consumers (3).    

The student has recommended and explained why the chosen strategy is the most effective option (4). Additionally, the student has started to evaluate the strategies, considering some advantages and disadvantages, and partially justified the recommended strategy (5).

To reach Excellence, and demonstrate comprehensive understanding, the student could provide more depth in their evaluation of the strategies. Considering the disadvantages as well as advantages of the strategies would add further justification to the evidence.

Low Merit

Commentary
Student work extract

Student 3 (PDF, 98KB)

For Merit, the student needs to analyse, in-depth, future proofing strategies to ensure long term viability of a business.

This involves giving a thorough explanation of future proofing strategies to ensure the long-term viability of a business. This includes explaining each strategy and recommending the strategy that best meets future needs of an identified business.

The student addressed some environmental, biological, social, and economic influences affecting TBL (not shown in this extract).

The student has explained three future proofing strategies. These are an early culling strategy to reduce nitrogen (1), a biological gender and breeding strategy (2) and a strategy around maintaining and using the environmental tick for branding and premium pricing (3).

The student has recommended and briefly explained why charging premium prices is the best strategy to ensure TBL’s long term viability (4).

For a more secure Merit, the student could also provide an explanation of how the early culling and specific breed and gender strategies affect TBL’s long term viability.

High Achieved

Commentary
Student work extract

Student 4 (PDF, 44KB)

For Achieved, the student needs to analyse future proofing strategies to ensure long term viability of a business.

This involves explaining future proofing strategies to ensure the long-term viability of an identified business.

The student addressed some of the environmental, biological, and social influences affecting TBL (not shown in this extract).

The student has explained a biological gender and breeding strategy (1) charging premium prices (2), and an early culling strategy to reduce nitrogen (3).  

The student has briefly explained why the chosen strategy of charging premium prices is the best strategy to ensure TBL’s long term economic viability (4).

To reach Merit, the student needs to provide a thorough explanation of the future proofing strategies. For example, they would provide further depth in their explanation of why premium pricing is the best strategy to ensure TBL’s viability.

Low Achieved

Commentary
Student work extract

Student 5 (PDF, 107KB)

For Achieved, the student needs to analyse future proofing strategies to ensure long term viability of a business.

This involves explaining future proofing strategies to ensure the long-term viability of an identified business.

The student has explained some of the environmental, social and economic influences affecting TBL (1).

The student has partially explained strategies around branding and charging higher prices (2), biological gender and breeding (3) and marketing to increase the number of overseas consumers (4).  

The student has briefly explained why the combination of increasing supply all year round, charging premium prices and introducing traceability should ensure TBL’s long term viability (5).

For a more secure Achieved, the student needs to provide further depth in their  explanation of the future proofing strategies, in terms of which external influences they address and how each could ensure TBL’s long term viability.

High Not Achieved

Commentary
Student work extract

Student 6 (PDF, 93KB)

For Achieved, the student needs to analyse future proofing strategies to ensure long term viability of a business.

This involves explaining future proofing strategies to ensure the long-term viability of an identified business.

The student has briefly explained environmental, social and economic influences affecting TBL (1).

The student has explained a strategy around branding and marketing (2) and mentioned scientific research as another strategy (3).  

To reach Achieved, the student needs to add depth in their explanation of how the scientific research strategy could ensure TBL’s long term viability. The influence behind TBL’s research into crop types and nitrogen leaching would be explained, and the research strategy would be linked to business viability.

Additionally, a third future proofing strategy that addresses the economic influences affecting TBL could be explained.

 
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