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 covers:
To be able to identify various methods of selling
To be able to describe the influence of e-commerce on business activity
To be able to discuss the importance to a business of good customer service, including after-sales service
To be able to evaluate the contribution of product knowledge and customer engagement to good customer service
This lesson is written by Sarah Hilton for Revisionstation
This lesson covers:
The economic climate and its impact on business
Changing levels of consumer income and employment
This lesson was written by Sarah Hilton for Revisionstation
New Pearson Edexcel A Level International Business (134) 1 Approaches to staffing
This lesson covers:
a) Staff as an asset; staff as a cost.
b) Flexible workforce:
• multi-skilling
• part-time and temporary
• zero-hour contracts
• flexible hours and home working
• outsourcing.
c) Distinction between dismissal and redundancy.
d) Employer/employee relationships
• individual approach
• collective bargaining.
This lesson was written by Sarah Hilton for Revisionstation
New Pearson Edexcel A Level International Business (134) 4 Motivation
This lesson covers:
a) The importance of employee motivation to a business
b) Motivation theories:
• Taylor (scientific management)
• Mayo (human relations theory)
• Maslow (hierarchy of needs)
• Herzberg (two-factor theory).
c) Financial methods to improve employee performance:
• piecework
• commission
• bonus
• profit share
• performance-related pay.
d) Non-financial methods to improve employee performance:
• delegation
• consultation
• empowerment
• team working
• flexible working
• job enrichment
• job rotation
• job enlargement.
This lesson is written by Sarah Hilton for Revisionstation
AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0
This lesson covers:
Methods to improve cash flow
Assess ways of improving cash flow
Methods to improve profits and profitability
Assess ways of improving profits and profitability
Difficulties improving cash flow and profit
This lesson was written by Sarah Hilton for Revisionstation
NEW Pearson Edexcel International A Level Business (135) 1 Role of an entrepreneur
Complete teaching resources for a whole lesson including a PowerPoint and worksheet
Written by Sarah Hilton for Revisionstation
a) Creating and setting up a business.
b) Running and expanding/developing a business.
c) Innovation within a business (intrapreneurship).
d) Barriers to entrepreneurship.
e) Anticipating risk and uncertainty in the business environment.
Complete teaching resources for a whole lesson including a PowerPoint and worksheet
Written by Sarah Hilton for Revisionstation
NEW Pearson Edexcel International A Level Business (135) 3 Business Objectives
a) Survival.
b) Profit maximisation.
c) Other objectives:
• sales maximisation
• market share
• cost efficiency
• employee welfare
• customer satisfaction
• social objectives.
Pearson Edexcel International A Level Business 131 1 The Market
This lesson covers:
a) Mass markets and niche markets:
characteristics
market size and market share
brands
b) Dynamic markets:
online retailing
how markets change
innovation and market growth
adapting to change
c) How competition affects the market
d) The difference between risk and uncertainty
Complete teaching resources for a whole lesson includes PowerPoint and worksheet
Written by Sarah Hilton for Revisionstation
Pearson Edexcel International A Level Business
Complete teaching resources for a whole lesson including a PowerPoint and worksheet
Written by Sarah Hilton for Revisionstation
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
Pearson Edexcel International A Level Business
Complete teaching resources for a whole lesson including a PowerPoint and worksheet
Written by Sarah Hilton for Revisionstation
a) Factors leading to a change in supply:
changes in the costs of production
introduction of new technology
indirect taxes
government subsidies
external shocks
2.3.1 Planning a business and raising finance
4 FORMS OF BUSINESS
This complete lesson includes:
a) Sole trader, partnership and private limited company (Ltd)
b) Franchising, social enterprise, lifestyle businesses, online businesses
c) Growth to public limited companies (plc) and stock market flotation
This lesson is written by Sarah Hilton at Revisionstation
233 Managing Finance
1 PROFIT
This complete lesson includes:
a) Statement of comprehensive income (profit and loss account):
b) Calculation of:
• gross profit
• operating profit
• profit for the year (net profit)
• measuring profitability: calculation of gross profit margin, operating profit margin, and profit for the year (net profit) margin
c) Ways to increase profits
• ways to improve profitability
This lesson is written by Sarah Hilton at Revisionstation
Pearson Edexcel International A Level Business Unit 2.3.3 Managing Finance (3 complete lessons)
1 Profit
a) Calculation of:
• gross profit
• operating profit
• profit for the year (net profit).
b) Ways to increase profits.
c) Statement of comprehensive income (profit and loss account):
• measuring profitability: calculation of gross profit margin, operating profit margin, and profit for the year (net profit) margin
• ways to improve profitability.
2 Liquidity
a) Distinction between profit and cash.
b) Statement of financial position (balance sheet):
• measuring liquidity: calculating current ratio and acid test ratio
• ways to improve liquidity, including assets, supplier credit terms, factoring, inventory JIT.
c) Working capital and its management: the importance of cash.
3 Business failure
a) Internal causes of business failure:
• poor management of cash flow
• overestimation of sales
• overtrading
• poor inventory control
• poor marketing
• poor quality.
b) External causes of business failure:
• market conditions
• competition
• economic
• exchange rates
• interest rates
• government regulations
• supplier problems
• natural phenomena.
233 Managing Finance
2 LIQUIDITY
This complete lesson includes:
a) Distinction between profit and cash
b) Statement of financial position (balance sheet):
• measuring liquidity: calculating current ratio and acid test ratio
• ways to improve liquidity, including assets, supplier credit terms, factoring, inventory JIT
c) Working capital and its management: the importance of cash
This lesson is written by Sarah Hilton at Revisionstation
2.3.1 Planning a business
and raising finance
3 EXTERNAL FINANCE
This complete lesson will include:
a) Sources of finance and their suitability for different circumstances:
• family and friends
• banks
• peer-to-peer funding
• business angels
• crowd funding
• other businesses
b) Methods of finance and their suitability for different circumstances:
• loans
• share capital
• venture capital
• overdrafts
• leasing
• trade credit
• grants
This lesson is written by Sarah Hilton at Revisionstation
232 Financial Planning
5 BUDGETS
This complete lesson includes:
a) Purposes of budgets
b) Types of budget:
• based on historical figures
• zero based
c) Variance analysis
d) Difficulties of budgeting
This lesson is written by Sarah Hilton at Revisionstation
232 Financial Planning
4 CASH FLOW
This complete lesson includes:
a) Construction and interpretation of simple cash-flow forecasts
b) Use and limitations of cash-flow forecasts
This lesson is written by Sarah Hilton at Revisionstation
234 Resource Management
1 PRODUCTION, PRODUCTIVITY
AND EFFICIENCY
This complete lesson includes:
a) Methods of production:
• job
• batch
• flow
• cell
b) Productivity:
• output per unit of input per time period
• factors influencing productivity
• link between productivity and competitiveness
• ways to improve productivity
c) Efficiency:
• production at minimum average cost
• factors influencing efficiency
• ways to improve efficiency
d) The distinction between labour- and capital-intensive production
e) Competitive advantage from short product lead-in times
This lesson is written by Sarah Hilton at Revisionstation
AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0
This lesson covers:
The need to consider stakeholder needs when making decisions
Stakeholder mapping
Stakeholder power and interest
Stakeholder needs and the possible overlap and conflict of these needs
How to manage the relationship with different stakeholders
Communication
Consultation
This lesson was written by Sarah Hilton for Revisionstation
AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0
This lesson covers:
The value of primary and secondary marketing research
Qualitative and quantitative data
Calculate market and sales growth, market share and size (already covered in 331)
The value of sampling
Random
Stratified
Quota
The interpretation of marketing data
positive and negative correlation and an understanding of the strength of the relationship
understanding the concept of confidence intervals
understanding extrapolation.
The interpretation of price and income elasticity of demand data
Interpretation of price and income elasticity of demand (PED and YED)*
Analysis of the impact of changes in price and income on revenue*
The value of the concepts of price and income elasticity of demand to marketing decision makers
The use of data in marketing decision making and planning
This lesson was written by Sarah Hilton for Revisionstation
