QR Challenge: Business Management

Created using the ClassTools QR Treasure Hunt Generator

Teacher Notes

A. Prior to the lesson:

1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.

2. If their phone camera doesn't automatically detect and decode QR codes, ask students to

• Download a QR reader (e.g. I-Nigma | NeoReader | Kaywa) onto their mobile devices
• Bring these devices into the lesson.

3. Print out the QR codes.

4. Cut them out and place them around your class / school.

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B. The lesson:

1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.

2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.

3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!

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C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.

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Questions / Answers (teacher reference)

Question	Answer
1. value of stock a business has sold to its customers	COGS
2. (2)statement of financial performance over a set period	income statement
3. the ability of a business to pay its debts as and when they fall due	liquidity
4. (3)records movement of cash receipts and cash payments	cash flow statement
5. ongoing commitment to excellent	TQM
6. name, term, symbol or design that identifies a specific product	brand
7. (2)statement of financial position as at a particular point in time	balance sheet
8. (2)division of total market into groups of people who share one or more common characteristics	market segmentation
9. (3)A=L+OE	the accounting equation
10. (2)difference between gross profit and operating and non-operating expenses	net profit
11. planning and execution of conception, pricing, promoting and distribution of a good or service	marketing
12. (2)also called capital	owners equity
13. the part of the business that gets the job done	operations
14. (2)reportsthat summarise transactions over a period of time	financial statements
15. (2)four P's	marketing mix
16. (2)creation of extra value as raw materials are transformed into finished products	value added
17. (2)group of customers with similar characteristics	target market
18. goods which can be seen and touched	tangibles
19. the activity designed to inform, persuade, remind customers about a product	promotion

 

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