EDEXCEL GCSE BUSINESS 2.4.1 BUSINESS CALCULATIONS (COMPLETE LESSON) 241 This lesson includes a PowerPoint and a worksheet and covers: The concept and calculation of: Gross profit Net profit Calculation and interpretation of: Gross profit margin Net profit margin Average rate of return Written by Sarah Hilton for Revisionstation

This lesson is suitable for students that need extra support with the tricky topic of Price Elasticity of Demand (PED It is written for students studying Edexcel A level Business but would also suit students on the Pearson International Edexcel A level business course. This includes a worksheet and a separate answer booklet in Word and PDF format Written by Sarah Hilton at Revisionstation

EDEXCEL GCSE BUSINESS 2.2.2 PRICE (COMPLETE LESSON) 222 This lesson includes a PowerPoint and a worksheet and covers: Price: Pricing strategies Influences on pricing strategies: technology competition market segments product life cycle Written by Sarah Hilton for Revisionstation

EDEXCEL GCSE BUSINESS 2.3.1 BUSINESS OPERATIONS (COMPLETE LESSON) 231 This lesson includes a PowerPoint and a worksheet and covers: The purpose of business operations: •To produce goods •To provide services Production processes: •Different types: job batch flow •The impact of different types of production processes: keeping productivity up and costs down and allow for competitive prices Impacts of technology on production: •Balancing cost, productivity, quality and flexibility 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

This lesson includes a PowerPoint and a worksheet and covers: a) Characteristics and skills required b) Reasons why people set up businesses: o financial motives: profit maximisation and profit satisficing o non-financial motives: ethical stance, social entrepreneurship, independence and home working Written by Sarah Hilton for Revisionstation

This lesson includes a PowerPoint and a worksheet and covers: a) Survival b) Profit maximisation c) Other objectives: o sales maximisation o market share o cost efficiency o employee welfare o customer satisfaction o social objectives Written by Sarah Hilton for Revisionstation

Edexcel A Level Business 3.1.2 Theories of Corporate Strategy (complete lesson) This lesson covers: a) Development of corporate strategy: o Ansoff’s Matrix o Porter’s Strategic Matrix b) Aim of portfolio analysis c) Achieving competitive advantage through distinctive capabilities d) Effect of strategic and tactical decisions on human, physical, and financial resources This lesson is written by Sarah Hilton for Revisionstation

This lesson includes a PowerPoint and a worksheet and covers: a) Calculation of sales volume and sales revenue b) Calculation of fixed and variable costs Written by Sarah Hilton for Revisionstation

This complete lesson includes a teacher PowerPoint with all the answers and a comprehensive student worksheet and covers all of these topics: a) Development of corporate strategy: • Ansoff’s Matrix • Porter’s Strategic Matrix b) Aim of portfolio analysis c) Effect of strategic and tactical decisions on human, physical, and financial resources This resources has been written by Sarah Hilton for Revisionstation

This lesson is written by Sarah Hilton for Revisionstation and contains a comprehensive student worksheet and a teacher PowerPoint These are the topics covered in this lesson: a) Nature and purpose of critical path analysis. b) Complete and interpret simple networks to identify the critical path. c) Calculate: • earliest start time • latest finish time • total float. d) Limitations of using critical path analysis.

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: Main stakeholders of businesses Objectives of stakeholders Impact of business activity on stakeholders Impact and influence stakeholders have on businesses

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: Understand the methods used by businesses when expanding Organic growth through franchising Opening new stores Expanding through e-commerce Outsourcing External growth though mergers and takeovers Discuss the benefits of expansion Unit cost advantages due to economies of scale Discuss the drawbacks of expansion Diseconomies of scale Understand the meaning of purchasing and technical economies of scale Understand that with growth businesses increase the risk of diseconomies of scale occurring Due to poor communication Coordination issues Reduced staff motivation Calculate and interpret average unit costs

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: impact of legislation on businesses benefits for providing a safe working environment employment law including: national minimum wage/living wage the Equality Act (2010) Health and safety law including: the Health and Safety at Work Act (1974) consumer law including trade descriptions

This is a complete lesson which includes a teacher PowerPoint and a student worksheet written by Sarah Hilton for Revisionstation and it covers the following topics: Purpose of market research To collect information Why businesses conduct market research Methods of market research to include primary and secondary Uses of market research information that may help decision making Qualitative and quantitative market research manipulate and interpret data from tables and charts identify market size and market share

2.1.1 Internal finance a) Owner’s capital: personal savings b) Retained profit c) Sale of assets 2.1.2 External finance a) Sources of finance: o family and friends o banks o peer-to-peer funding o business angels o crowd funding o other businesses b) Methods of finance: o loans o share capital o venture capital o overdrafts o leasing o trade credit o grants 2.1.3 Liability a) Implications of limited and unlimited liability b) Finance appropriate for limited and unlimited liability businesses 2.1.4 Planning a) Relevance of a business plan in obtaining finance b) Interpretation of a simple cash-flow forecast and calculations based on changes in the cash-flow variables c) Use and limitations of a cash-flow forecast

1.5.1 Role of an entrepreneur 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 1.5.2 Entrepreneurial motives and characteristics a) Characteristics and skills required b) Reasons why people set up businesses: o financial motives: profit maximisation and profit satisficing o non-financial motives: ethical stance, social entrepreneurship, independence and home working 1.5.3 Business objectives a) Survival b) Profit maximisation c) Other objectives: o sales maximisation o market share o cost efficiency o employee welfare o customer satisfaction o social objectives 1.5.4 Forms of business a) Sole trader, partnership and private limited company b) Franchising, social enterprise, lifestyle businesses, online businesses c) Growth to PLC and stock market flotation 1.5.5 Business choices a) Opportunity cost b) Choices and potential trade-offs 1.5.6 Moving from entrepreneur to leader a) The difficulties in developing from an entrepreneur to a leader

1.2.1 Demand a) Factors leading to a change in demand: o changes in the prices of substitutes and complementary goods o changes in consumer incomes o fashions, tastes and preferences o advertising and branding o demographics o external shocks o seasonality 1.2.2 Supply a) Factors leading to a change in supply: o changes in the costs of production o introduction of new technology o indirect taxes o government subsidies o external shocks 1.2.3 Markets a) The interaction of supply and demand b) The drawing and interpretation of supply and demand diagrams to show the causes and consequences of price changes 1.2.4 Price elasticity of demand a) Calculation of price elasticity of demand b) Interpretation of numerical values of price elasticity of demand c) The factors influencing price elasticity of demand d) The significance of price elasticity of demand to businesses in terms of implications for pricing e) Calculation and interpretation of the relationship between price elasticity of demand and total revenue 1.2.5 Income elasticity of demand a) Calculation of income elasticity of demand b) Interpretation of numerical values of income elasticity of demand c) The factors influencing income elasticity of demand d) The significance of income elasticity of demand to businesses

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