Important Note: Business Fair

Important Note: Business Fair

Dear Parent,

Grade 4 is currently pursuing the final unit of inquiry for 2017 under the Transdisciplinary theme ‘How we organize ourselves ’. The central idea is: ‘Economic activity relies on systems of production, exchange, and consumption of goods and services’.

As part of the learning process, students are going to conduct a business fair on 31 March, Friday where they’ll sell/provide goods and services in order to understand the concept of demand, supply, exchange. They have taken a survey from Grade 2, 3 and 5 students to check the demand of the items/services they have shortlisted. Based on the demand they will finalize the item/service for their stall. For the business fair, the students will have to spend some money. They have been divided into groups and each student can spend Rs. 250 to purchase items for their stall (i.e Rs. 250 per student). Parents are requested not to allow the students to spend more than that. They will share the details of items/service that they have selected with you.

Since students are hosting the fair for the first time, we’ll have parents to handle the cash transactions. Consumers/ buyers will pay to the adult on the stall for buying goods/services that the students are offering so the cash will be handled by an adult while the students will just have to retain the bills. After the culmination of the business fair, students will get all the money earned which will be equally divided among the members of the group. This essentially means that the students might earn some profit and in that case, they will decide any one of the following options:

  • Keep the entire profit with them.
  • Choose to donate the profit to a charitable institution.
  • Choose to donate a part of profit and keep the rest of it or vice versa.

It’s completely student’s choice.

Thanking you for your support!

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