Starting a Business with Grade 12 ABM

In the latter half of the 1990s, after recently just failing a project called “ChinaPage”, which aimed to help small Chinese businesses, Jack Ma worked for a short period time under the Ministry of Foreign Trade and Economic Cooperation for China. Here he met Jerry Yang, co-founder of Yahoo. Jerry was able to secure a $1 billion investment in Alibaba, Jack Ma help found. By September 2014, it was reported that Alibaba was raising over $25 billion on the New York Stock Exchange. Jack Ma is now considered one of the most successful businessmen in the world, and the business simulation subject wishes to teach how an individual can become someone like Jack Ma or any other successful businessperson.

Business Simulation is just one of the many specialized subjects under the Accountancy Business Management (ABM) strand. From the name itself, one of the main goals of this subject is to educate the students on how to manage, execute, and decide in business matters. For the final project of Grade 12 ABM Class of School Year 2018 – 2019, the students were tasked to create a fresh new product. Of the 10 students, all chose to create new food products. The list of their products is as follows: Dessert Quesadilla, Lachosagna, Volcatao, Cake Pops, Deep Fried Cookie, Barbeque Cheese Eggplant, Apple Cheese Pocket, Bacon – Wrapped Mushroom Bacon, Cookie Lollipops, and Smore Pops. These new and fresh products will be sold in the February fair of PIQC, said selling to be managed by the students to their respective products.

Written by: Elijah Rome Jacinto


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