Junior Achievement of Southern Massachusetts and sponsor Bristol County Savings Bank hosted Old Colony and 12 other local schools at UMass Dartmouth on Tuesday for the third annual Junior Achievement Titan Business Challenge.

The Junior Achievement Titan Business Challenge is a business strategy competition in which high schoolers compete in teams using an online, interactive business simulation game that provides students with essential business knowledge.

Approximately 200 students competed in this year’s challenge.

During the event, the students vied for scholarships while gaining insight into the world of business.

In addition to developing budgets and interpreting financial reports, students could expect to increase their knowledge of pricing, production, capital investment, R&D, marketing and charitable giving.

“The students are able to split into breakout seasons based on if they're the CEO, CFO, or Marketing Director in their team,” said JA Program Coordinator Elaine Meredith.

Breakout session leaders included CEO Jason Rua of Rua-Dumont-Audet Insurance Agency, CFO Dana Mohler-Faria of Bridgewater State University and Marketing Directors Kelly Baldwin of St. Anne’s Credit Union and Leslie Poulin of First Citizens’ Federal Credit Union.

Meredith mentioned that there were also advisers for each team to help talk strategy and guide the students. More than 30 mentors attended the event, including members from the Charlton School of Business.

To prepare for the competition, students have been practicing the game and learning key business concepts that they will need to use during the competition. Teams will engage in three rounds of play as each team makes decisions under the guidance of a volunteer business mentor.

Old Colony Regional Vocational Technical High School, advised by Ryan Robidoux, brought one team to compete. Their advisory was Eric Carlson of Rockland Trust.

Although they did not place in the top three, the experience was a valuable one for the team.

“Working with the mentors is nice,” said Robidoux. “They are helpful for strategies and this is a really great event. We look forward to it every year.”