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.
Pearson Edexcel International A Level Business (132) 5 YED Income Elasticity of Demand
Complete teaching resources for a whole lesson including a PowerPoint and worksheet
Written by Sarah Hilton for Revisionstation
a) Calculation of income elasticity of demand.
b) Normal and inferior goods.
c) Interpretation of numerical values of income elasticity of demand.
d) The factors influencing income elasticity of demand.
e) The significance of income elasticity of demand to businesses
NEW Pearson Edexcel A Level International Business (133) 1 Marketing objectives
a) Marketing objectives
• increase market share
• increase revenue
• building a brand.
b) The product life cycle and extension strategies.
c) The Boston Matrix and the product portfolio.
d) The concept of ‘marketing mix’.
e) Marketing strategies appropriate for different types of market:
• mass markets
• niche markets
• business to business (B2B)
• business to consumer (B2C).
f) Consumer behaviour – how businesses develop customer loyalty.
Pearson Edexcel A Level International Business (133) 2 Product service design
This lesson covers:
a) Design mix:
• function
• aesthetics
• cost/economic manufacture.
b) Changes in the elements of the design mix to reflect social trends:
• concern over resource depletion: designing for waste minimisation, re-use and recycling
• ethical sourcing.
This lesson was written by Sarah Hilton for Revsionstation
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.
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 impact of changes in the political and legal environment on strategic and functional decision making:
The political and legal environment should include a broad understanding of the scope and effects of law related to competition, the labour market and environmental legislation
The impact of government policy related to enterprise, the role of regulators, infrastructure, the environment and international trade
This lesson was written by Sarah Hilton for Revisionstation
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
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.
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
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
234 Resource Management
4 QUALITY MANAGEMENT
This complete lesson includes:
a) Quality:
• control
• assurance
• circles
b) Total Quality Management (TQM)
c) Continuous improvement (Kaizen)
d) Competitive advantage from quality management
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 distinction between management and leadership
Types of management and leadership styles and influences on these – theories:
Common leadership styles
Autocratic
Paternalistic
Democratic
Laissez-faire
The Tannenbaum and Schmidt continuum
The effectiveness of different styles of management and leadership
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 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
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 elements of the marketing mix (7Ps)
The influences on and effects of changes in the elements of the marketing mix
The marketing mix should be considered for goods and services, both industrial and consumer.
Product decisions
the value of product portfolio analysis and the Boston Matrix
the value of the product life cycle model including extension strategies
influences on and the value of new product development.
Pricing decisions
Pricing decisions should include penetration and price skimming.
and in part 2
Decisions about the promotional mix
Promotional decisions should include:
the value of branding
Social media
Viral Marketing
Distribution (place) decisions
Distribution decisions should include multichannel distribution.
Decisions relating to other elements of the marketing mix: people, process and physical environment
The importance of and influences on an integrated marketing mix include:
the position in the product life cycle
the Boston Matrix
the type of product
marketing objectives
the target market
competition
positioning.
Understanding the value of digital marketing and e-commerce
This lesson was written by Sarah Hilton for Revisionstation
