Sarah Hilton has been a business examiner for over 20 years and a business teacher for longer. She is now a teacher trainer, business teacher and qualification developer. She runs the website revisionstation which provides smashing business teaching resources at budget prices.
Sarah Hilton has been a business examiner for over 20 years and a business teacher for longer. She is now a teacher trainer, business teacher and qualification developer. She runs the website revisionstation which provides smashing business teaching resources at budget prices.
This lesson includes a PowerPoint and a worksheet and covers:
a) The effects on businesses of:
o consumer protection
o employee protection
o environmental protection
o competition policy
o health and safety
Written by Sarah Hilton for Revisionstation
EDEXCEL GCSE BUSINESS 1.5.4 THE ECONOMY AND BUSINESS (COMPLETE LESSON) 154
This lesson includes a PowerPoint and a worksheet and covers:
The impact of the economic climate on businesses:
unemployment
changing levels of consumer income
inflation
changes in interest rates
government taxation
changes in exchange rates
Written by Sarah Hilton for Revisionstation
This lesson includes a PowerPoint and a worksheet and covers:
a) Strong and weak cultures
b) Classification of company cultures:
o power
o role
o task
o person
c) How corporate culture is formed
d) Difficulties in changing an established culture
Written by Sarah Hilton for Revisionstation
This lesson covers:
the interdependent nature of business operations, finance, marketing and human resources within a business context
how these interdependencies underpin business decision-making
the impact of risk and reward on business activity
the use of financial information in measuring and understanding business performance and decision-making
This lesson was written by Sarah Hilton for Revisionstation
a) The effect on businesses of changes in:
o inflation (the rate of inflation, the Consumer Prices
Index)
o exchange rates (appreciation, depreciation)
o interest rates
o taxation and government spending
o the business cycle
b) The effect of economic uncertainty on the business
environment
This lesson includes a PowerPoint and a worksheet and covers:
a) Statement of financial position (balance sheet):
o measuring liquidity:
calculating current ratio and acid test ratio
o ways to improve liquidity
b) Working capital and its management: the importance of
cash
Written by Sarah Hilton for Revisionstation
a) Product and market orientation
b) Primary and secondary market research data
(quantitative and qualitative) used to:
identify and anticipate customer needs and wants
quantify likely demand
gain insight into consumer behaviour
c) Limitations of market research, sample size and bias
d) Use of ICT to support market research:
websites
social networking
databases
e) Market segmentation
a) Exports and imports
b) The link between business specialisation and competitive
advantage
c) Foreign direct investment (FDI) and link to business
growth
This lesson includes a PowerPoint and a student worksheet
Written by Sarah Hilton for Revisionstation
1.4.1
Approaches to
staffing
a) Staff as an asset; staff as a cost
b) Flexible workforce:
o multi-skilling
o part-time and temporary
o flexible hours and home working
o outsourcing
c) Distinction between dismissal and redundancy
d) Employer/employee relationships
o individual approach
o collective bargaining
1.4.2
Recruitment,
selection and
training
a) Recruitment and selection process:
o internal versus external recruitment
b) Costs of recruitment, selection and training
c) Types of training:
o induction
o on-the-job
o off-the-job
1.4.3
Organisational
design
a) Structure:
o hierarchy
o chain of command
o span of control
o centralised and decentralised
b) Types of structure:
o tall
o flat
o matrix
c) Impact of different organisational structures on business
efficiency and motivation
1.4.4
Motivation in theory
and practice
a) The importance of employee motivation to a business
b) Motivation theories:
o Taylor (scientific management)
o Mayo (human relations theory)
o Maslow (hierarchy of needs)
o Herzberg (two factor theory)
c) Financial incentives to improve employee performance:
o piecework
o commission
o bonus
o profit share
o performance-related pay
d) Non-financial techniques to improve employee
performance:
o delegation
o consultation
o empowerment
o team working
o flexible working
o job enrichment
o job rotation
o job enlargement
1.4.5
Leadership
a) Leadership:
o the distinction between management and leadership
b) Types of leadership style:
o autocratic
o paternalistic
o democratic
o laissez-faire
This lesson includes a PowerPoint and a worksheet which covers:
a) Reasons for mergers and takeovers
b) Distinction between mergers and takeovers
c) Horizontal and vertical integration
d) Financial risks and rewards
e) Problems of rapid growth
Written by Sarah Hilton for Revisionstation
This lesson includes a PowerPoint and a worksheet and covers:
a) Purpose of budgets
b) Types of budget:
o historical figures
o zero based
c) Variance analysis
d) Difficulties of budgeting
Written by Sarah Hilton for Revisionstation
1.3.1
Product/service
design
a) Design mix:
o function
o aesthetics
o cost
b) Changes in the elements of the design mix to reflect
social trends:
o concern over resource depletion: designing for waste
minimisation, re-use and recycling
o ethical sourcing
1.3.2
Branding and
promotion
a) Types of promotion
b) Types of branding
c) The benefits of strong branding:
o added value
o ability to charge premium prices
o reduced price elasticity of demand
d) Ways to build a brand
o unique selling points (USPs)/differentiation
o advertising
o sponsorship
o the use of social media
e) Changes in branding and promotion to reflect social
trends:
o viral marketing
o social media
o emotional branding
1.3.3
Pricing strategies
a) Types of pricing strategy:
o cost plus (calculating mark-up on unit cost)
o price skimming
o penetration
o predatory
o competitive
o psychological
b) Factors that determine the most appropriate pricing
strategy for a particular situation:
o number of USPs/amount of differentiation
o price elasticity of demand
o level of competition in the business environment
o strength of brand
o stage in the product life cycle
o costs and the need to make a profit
c) Changes in pricing to reflect social trends:
o online sales
o price comparison sites
1.3.4
Distribution
a) Distribution channels
b) Changes in distribution to reflect social trends:
o online distribution
o changing from product to service
1.3.5
Marketing strategy
a) The product life cycle
b) Extension strategies:
o product
o promotion
c) Boston Matrix and the product portfolio
d) Marketing strategies appropriate for different types of
market:
o mass markets
o niche markets
o business to business (B2B) and business to
consumer (B2C) marketing
e) Consumer behaviour – how businesses develop
customer loyalty
This lesson includes a PowerPoint and a worksheet and covers:
a) Factors leading to a change in demand:
changes in the prices of substitutes and complementary goods
changes in consumer incomes
fashions, tastes and preferences
advertising and branding
demographics
external shocks
seasonality
Written by Sarah Hilton for Revisionstation
This lesson includes a PowerPoint and a worksheet and covers:
a) Opportunity cost
b) Choices and potential trade-offs
Written by Sarah Hilton for Revisionstation
EDEXCEL GCSE BUSINESS 1.5.5 EXTERNAL INFLUENCES (COMPLETE LESSON) 155
This lesson includes a PowerPoint and a worksheet and covers:
The importance of external influences on business:
possible responses by the business to changes in:
technology
legislation
the economic climate
Written by Sarah Hilton for Revisionstation
BTEC National Level 3 Business Unit 20
2016 (current) specification
Investigating Corporate Social
Responsibility
This bundle covers:
A Examine the CSR issues facing large private sector businesses
B Investigate the benefits and drawbacks for businesses of adopting a CSR policy
C Review the CSR record of a private sector business.
There is a PowerPoint for every single learning aim and a worksheet to match it.
2.4.1
Production,
productivity and
efficiency
a) Methods of production:
o job
o batch
o flow
o cell
b) Productivity:
o output per unit of input per time period:
factors influencing productivity
link between productivity and competitiveness
c) Efficiency:
o production at minimum average cost:
factors influencing efficiency
distinction between labour and capital intensive
production
2.4.2
Capacity utilisation
a) Capacity utilisation:
o current output (divided by) maximum possible output
(x 100)
b) Implications of under- and over-utilisation of capacity
c) Ways of improving capacity utilisation
2.4.3
Stock control
a) Interpretation of stock control diagram
b) Buffer stocks
c) Implications of poor stock control
d) Just in time (JIT) management of stock
e) Waste minimisation
f) Competitive advantage from lean production
2.4.4
Quality
management
a) Quality:
o control
o assurance
o circles
o Total Quality Management (TQM)
b) Continuous improvement (Kaizen)
c) Competitive advantage from quality management
This complete lesson covers:
The concept of limited liability
The features of different types of business ownership
Sole traders, partnerships, private and public limited companies
The suitability of differing types of ownership in different business contexts
Start-ups and established businesses
It is written by Sarah Hilton for Revisionstation
This is a simple revision supply and demand worksheet in PDF to use with students so they have two handy sheets to revise from.
Students fill in the sheets with all the supply and demand diagrams
Written by Sarah Hilton for Revisionstation
This is an essay planning sheet for Edexcel A level business but it’s in Word so it could be adapted to any board.
I use these at revision time with U6 students together with past papers and the model marked answers. They use these to plan answers to the longer questions and it helps to cement the techniques for exams of using the case study as evidence to support their points.