Eight teams from Dubbo, Parkes, Forbes, Cowra, Orange, Mudgee, Dunedoo and Bathurst will take part in the event at the Bathurst Memorial Entertainment Centre on 20 September where they will put into practice the skills they have been learning in their courses through simulated business activities.
Karen Single, who facilitates the program in Bathurst, explains that virtual enterprises are simulated businesses which allow Business and Administration students to put their classroom learning into practice.
"Dealing with customers and business situations requires skills in communication and problem solving that are learned best through experience, which events like this trade fair allow them to do," she said.
"They experience the realities of dealing with administration systems, handling virtual money, sales and customer service. All of these make the students more job-ready and more valuable to employers when they start work."
In this regard Ms Single said that the combination of training with the simulation is effective with 98% of last year's group in Bathurst now in full-time work.
Students in the Bathurst enterprise ‘Panorama Prestige' have also benefited from the support and mentoring provided by Bathurst Regional Council.
"Panorama Prestige sells ‘virtual' experiences and merchandise relating to the Bathurst area, so it's been very helpful to get the insights from places like the Tourist Information Centre so that students can get a real sense of what the work is actually like," Ms Single said.
As part of the Trade Fair, teams will be assessed by industry specialists and awards given for excellence in marketing, customer service and presentation.