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 contribution b) Calculation and interpretation of contribution c) Use of contribution as a decision-making technique

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: The purpose of business Reasons for starting a business Basic functions and types of business Goods and services Needs and wants Factors of production Opportunity cost Three main business sectors Business enterprise and entrepreneurship Characteristics of am entrepreneur Objectives of an entrepreneur Dynamic nature of business

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: Different legal structures that businesses adopt • Sole traders • Partnerships • Private limited companies (ltd) • Public limited companies (plc) • Not-for-profit organisations The concept of limited liability and which legal structures benefit from this Which legal structure would be most appropriate for a variety of business examples, including new start-up businesses and large established businesses

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: What are business aims and objectives Purpose of setting objectives Role of objectives in running a business Changing objectives Use of objectives in judging success

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: Students should be able to understand the factors that influence where a business is located, including: proximity to the market availability of raw materials labour competition costs

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: The purpose of business planning The main sections within a business plan Basic financial terms Basic financial calculations

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: Ethical considerations Trade off between ethics and profit Environmental considerations Impact of traffic congestion Recycling Disposing of waste Noise and air pollution Sustainability Global warming Using scarce resources

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: Impact of the changing use of ICT and how it influences business activity E-commerce To access wider markets Digital communication Changing the way that business communicates with stakeholders

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: Interest rates how fluctuating interest rates can affect businesses that rely on overdrafts and loans for finance how fluctuating interest rates can affect consumer and business spending. Levels of employment Consumer spending

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 written by Sarah Hilton for Revisionstation and it covers the following topics: Impact on business of operating in competitive markets Meaning of market and competition Situations when businesses face minimal or no competition Uncertainty and risks that businesses face Why entrepreneurs start a business Activities businesses can take to minimise risks

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: globalisation and the benefits and drawbacks that it offers UK businesses How UK businesses compete internationally, offering: better designs higher quality products at lower prices impact of exchange rates on the profit and sales of those businesses that import and/or export

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: The need for recruitment Internal recruitment External recruitment Methods of recruitment and selection of employees Job analysis Job description Person specification Selection methods Benefits of recruitment Contracts of employment Part time Full time Job share Zero hours

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: Organisational structures Appropriateness of organisational structures Span of control Chain of command Delayering Delegation Tall or flat structures Communication Centralisation and decentralisation

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: Importance of motivation in the workforce Benefits of a motivated workforce Staff retention High productivity Methods to motivate staff Financial methods of motivation Non-financial methods of motivation

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: Managing stock: Just in time (JIT) Just in case (JIC) Factors affecting choice of suppliers including: price quality Reliability The effects of procurement and logistics on a business, including: efficiency lower unit costs The value of effective supply chain management, including: working with suppliers to ensure that key processes are running efficiently and cost effectively getting goods and services for the best price and value cutting any waste and unnecessary costs to create a streamlined process and fast production times

This is a complete lesson written by Sarah Hilton for Revisionstation and it covers the following topics: Importance of training the workforce Benefits of training employees Types of training undertaken by businesses Benefits of induction training Benefits and drawbacks of off the job and on the job training