PYP4 Business Fair – Our Summative Assessment. – Mahindra International School

On the twenty fourth of May, the students of PYP 4 had a business fair. There were products and services ranging from slime to massages! All of the young entrepreneurs had an absolutely amazing time going through the process of starting their own businesses.

During the process, the students had to make a business plan, to make sure everything was in order, then, they had to write a business proposal to the “sharks” (PYP 4 teachers). After that, the teams moved on to marketing and supply and demand. Don’t get me wrong, there was plenty of math behind all the work. For example, if it wasn’t for profit and loss, the shopkeepers would have been in a hot mess! Anyway, after that the students prepared themselves for the big day. There were a few stumbles in the road, but, you know what they say! ‘Don’t let a stumble in the road be the end of your journey’. The big day finally arrived. There were so many people, but, I must admit, the highlight of the fair was definitely the ice cream cart. All in all, almost everyone made a good profit, had fun and learned a lot along the way. I’m sure that no one will forget this day, I certainly won’t.

By Manel Mekhaldi

What is Summative Assessment – A summative assessment is a test that checks how much you have learnt in the whole unit .

What did we have to do in our summative – We had to make / start a new business and also we had to follow everything we did if we were opening a real company . Selling the products for real money .

How did all of us feel about this when we heard about it – We all were like “yeah” we will play with money it is all about how dedicated we were with all of this .

How did we prepare for it – We all had to decide on what we are going to sell first next we had to write a proposal letter to the sharks ( Mr. Albert,Miss.Karve,Miss Shweta ) . Then we had to to write surety letter if we wanted to take a loan and we started of with all our graphs , sheets and forms .

The Big Day – We all reached school early and started putting up all our items, the big ice cream truck came in and that was the main attraction for the big day by the KAAAS Foodies. The main point of the fair was how we sold and how much money we earned . We all loved selling our products and it was an enjoyable day. We all learnt how to be shopkeepers and it was the most tiring day.

By Kanav.

PYP 4 Business Fair Report

By Adi Sood

On the 24th of May 2018 me and the rest of the PYP 4 class had a business fair in which we had to make a product and sell it for real money. I was part of a group called KAS foodies and we had good food and a super selling ice cream made by fourteen year olds that we made a joint venture with. There were eleven companies including us and they all had a different approach to their selling which was good. In the end the DIY shop made the most money and a total profit of Rs. 14380, my group came third making Rs. 5871. Most important thing was that we had fun.

Human systems and economic activities	The study of how and why people construct organizations and systems; the ways in which people connect locally and globally; the distribution of power and authority.
Social organization and culture	The study of people, communities, cultures and societies in the ways in which individuals, groups and societies interact with each other.
Continuity and change through time	The study of the relationships between people and events through time; the past, its influences on the present and its implications for the future; people who have shaped the future through their actions.
Human and natural environments	The study of the distinctive features that give a place its identity; how people adapt to and alter their environment; how people experience and represent place; the impact of natural disasters on people and the built environment.
Resources and the environment	The interaction between people and the environment; the study of how humans allocate and manage resources; the positive and negative effects of this management; the impact of scientific and technological developments on the environment.

Living things	The study of the characteristics, systems and behaviours of humans and other animals, and of plants; the interactions and relationships between and among them, and with their environment.
Earth and space	The study of planet Earth and its position in the universe, particularly its relationship with the sun; the natural phenomena and systems that shape the planet and the distinctive features that identify it; the infinite and finite resources of the planet.
Materials and matter	The study of the properties, behaviours and uses of materials, both natural and human-made; the origins of human-made materials and how they are manipulated to suit a purpose.
Forces and energy	The study of energy, its origins, storage and transfer, and the work it can do; the study of forces; the application of scientific understanding through inventions and machines. (IBO, 2009)

PYP4 Business Fair – Our Summative Assessment.

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