Costs, scale of production and break-even analysis. 'MS word doc. Lesson Plan IGCSE Business Studies

Lesson Plan
Topic: Costs, scale of production and break-even analysis - ‘MS word doc.’
Lesson Objective: are shared with the students for awareness and expectation of lesson outcome.
At the end of the lesson, the students will be able to;
Define, identify and classify costs and classify costs using examples. - Use cost data to help make simple cost-based decisions, - Describe the concepts of economies and diseconomies of scale: with examples. - Construct, complete or amend a simple break-even chart • Interpret a given chart and use it to analyse a situation • Calculate break-even output from given data • Define, calculate and interpret the margin of safety • Use break-even analysis to help make simple decisions, e.g. impact of higher price • Understand the limitations of break-even analysis.
NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson by adjusting up the objectives, Plenary and lesson starter etc.