Impulse buying, what is it and why do we do it?

 Impulse buying

In Business studies we have been learning about impulse buying, why we do it and what the affects of it are. For this topic I have made a brochure with information about impulse buying on it.

Reflection: I liked learning about impulse buying because it made me more aware of it, and made me realise that at time I have impulse bought something and then later on had no use for it. This topic also gave me strategies on how to stop impulse buying.

Another personal reflection is next time I would manage my time better to get my DLO and post done and be able to fine a good website to create a brochure on as it was a bit difficult to fine one.

Have you ever found yourself Impulse buying? let me know in the comments.

Sources: https://brainfodder.org/ 

https://www.daveramsey.com/blog/stop-impulse-buys

https://www.psychologytoday.com/us/blog/sold/201207/what-motivates-impulse-buying

Banking key works

 In business studies we are learning about banking. in today's lesson our teacher let us choose what DLO we wanted to do, I chose to make a crossword with the key words about banking and the clues I used should have shown my understanding of the words.

I did really like this activity as it gave a more creative side to learning about banking. And because it was a crossword it is also interactive so my class mates could give my crossword a go to test their knowledge too.

If you have any questions or feedback please let me know:)

https://worksheets.theteacherscorner.net/make-your-own/crossword/ (website for making crosswords if you wanted to make your own)

Market day reflection.

 On Wednesday 23 of September we held a market day at Hornby high school. I was in a different group right up until three weeks before market day when I had to switch groups last minute that made it a bit more difficult on market day. My group sold panikeke, we were supposed to sell chips as well but our deep fryer fell threw last minute. Our weaknesses were: poor communication, lack of effort and being unorganised. One strength our group had was me and another person jumped into the group three weeks before market day so our group had to adapt to more people.

Adapting fast - I was very impressed of the fact that we did pretty well considering that we didn't work together in the start. 

Poor communication - We had poor communication because we didn't really talk about our plan for market day or who was bringing what. we also didn't really talk on the day about who was staying at the stand for what times so I ended up staying by the stand for the whole day selling things. I think next time to work on this we would need to either have a group chat of all the members or actually talk about things before and on the day. 

Lack of effort - On the day we only had 3/5 members actually show up. Even tho I only jumped into the group three weeks before market day I still tired my best. I do think that everyone in the group could have done better on the day and actually work as a group instead of just one person doing everything. Next time I think we could all try a bit harder and work together. 

Being unorganised - on the day we didn't have any of the stuff we needed other then the pre made panikeke. we didn't have paper plates, napkins or a poster to put on the table to display what we were selling. I think next time we should be more organised and be better prepared for the day.

Business studies: team building.

My team: Me, Jack, Emily.
we were given one piece of paper, 1.5 meters of tape and scissors and were asked to build the tallest tower we could in 10 minutes.
we did not win, we came last but we tried.

Sam Morgan

1. Where is Sam Morgans interest in buying and selling come from? He went to the internet for a second hand heater but there was no sites in New Zealand that could help him, This sparked the idea of Trade me.
2. Describe the early days of trade me. The success wasn't instantiations , so he didn't quit his day job. But after a few months Trade me started to gain a little be of attention. Trade me signed around 5000 members and had about 200,000 visitors.
3. How did Sam Morgan turn Trade me into a multi-million dollar enterprise? Working on it for longer  hours. selling half the company.