Last week, the Year 7’s were holding their annual Christmas Market where they sold their amazing crafts which they have been working on for the past 5-6 weeks to the Junior and Senior School staff and students. Our group made laser cut coasters that consisted of cities, quotes, hello in different languages, and drinks on a coaster. For me, this experience was really helpful for it helped me to understand the world of economics and business. During the Christmas Market, one thing I learnt is that how you price your product will effect your customers. Things like coasters, are small products with no real quality. Therefore, our group used Ms. Shawn’s suggested cost plus margin pricing strategy and looking at whether our products where worth the money. In the end, we came to the price of a dollar for a coaster. Another thing I learnt, was how your appearance can define you. Our stall was a purple tablecloth, succulents and our product. Our stall was not the most appalling. I learnt during the Christmas Market about the life of an entrepeneur