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Setting Business Aims & Objectives - Lesson
A full lesson delivered in a way to ensure student understanding.
This lesson will meet the following learning objectives:
To understand the main aims and objectives for businesses including: survival, profit maximisation, growth (domestic and international), market share, customer satisfaction, social and ethical objectives and shareholder value.
Understand the role of objectives in running a business and they are used
Understand how and why the objectives set will differ between businesses (reasons include the size of the business, level of competition faced and type of business (not-for-profit organisations))
Understand how and why the objectives set may change as businesses evolve. Students should consider how the objectives of larger more established businesses might differ from smaller start-up businesses, e.g. becoming the dominant business in the market, international expansion, increasing shareholder value and ethical / environmental considerations
Understand that the success of a business can be measured in other ways than profit.
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Franchise Question Activity - with model answer
A comprehensive resource with a case study written on the Subway franchise model. Also included is a model answer using a tried and tested exam technique that has produced high level grades in past examinations.
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Business Planning - Lesson
A full lesson delivered in a way to ensure student understanding.
This lesson will meet the following learning objectives:
Students should be able to:
analyse the benefits and drawbacks of business planning
understand the reasons why businesses create plans, including importance in setting up a new business, raising finance, setting objectives and detailing - - how functions of a business will be organised
understand the main sections of a business plan
understand the difference between variable costs, fixed costs and total costs
understand the concept of revenue, costs, profit and loss.
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HR Lesson Bundle
New from MR BUSINESS
This bundle includes the following resources:
-Organisational Structure (Lesson)
-Recruitment & Selection (Lesson
Motivating Employees (Lesson)
-Training (Lesson)
-Avos Travel - Training Worksheet
Synergy Sales - Motivation Worksheet
Through the Lens - Recruitment & Selection Worksheet
Vale’s Unique Flowers - Organisational Structure Worksheet
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Business Ownership - with activity worksheet
A full lesson delivered in a way to ensure student understanding.
This lesson will meet the following learning objectives:
To understand the different legal structures that businesses adopt.
To analyse the benefits and drawbacks of each legal structure (including issues such as management and control, sources of finance available, liability and distribution of profits).
To understand the concept of limited liability and which legal structures benefit from this.
To evaluate which legal structure would be most appropriate for a variety of business examples, including new start-up businesses and large established businesses.
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Influence of Technology on Business - With activity
Students should be able to understand:
The impact of the changing use of ICT and how it influences business activity.
E-commerce and how it helps to access wider markets.
Digital communication changing the way businesses communicate with stakeholders. Students are expected to know relevant examples of digital technology/communication.
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3.1 - AQA Business - Business in the Real World - Complete resources
A comprehensive range of lessons and resources for unit 3.1 - Business in the Real World - AQA Business.
The resources included in this pack - are written in a clear and straight forward manner with suitable activities to apply content to real world scenarios.
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Environmental & Ethical Impacts on Business
Environmental Impact Lesson - Learning Objectives
Students should be able to:
Demonstrate knowledge and understanding of how business and consumers accept greater environmental responsibility in their decision making and the costs and benefits of businesses behaving this way.
Identify and analyse where there may be a possible trade-off between sustainability and profit
Ethical Impact Lesson - Learning Objectives
Students should be able to:
Students should be able to identify and analyse where there may be a possible trade off between ethics and profit.
Ethical behaviour requires businesses to act in ways that stakeholders consider to be both fair and honest.
Students are expected to know relevant examples of ways in which a business can behave ethically and the benefits and drawbacks of ethical behaviour.
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Basic Financial Terms - Lesson - Finance
Learning Objectives
Students should be able to understand:
Difference between variable, fixed and total costs are.
The concepts of revenue, costs and profit/loss.
The main investment projects that businesses undertake i.e. Investment in new machinery, buildings & vehicles
Understand areas of strength or weakness to support revision.
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Cashflow - x2 Lessons with activity - Finance
Lesson 1&2 - Learning Objectives
Students should be able to:
Understand how and why cash flow forecasts are constructed
Understand the consequences of cash flow problems and the effect of positive cash flow
Complete and interpret sections of a cash flow forecast (this includes an understanding of cash inflows and outflows, net cash flow and the opening and closing balance.)
Evaluate possible solutions to cash flow problems, including re-scheduling payments, overdrafts, reducing cash outflow, increasing cash inflow and finding new sources of finance.
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Breakeven - Lesson - Finance
Learning Objectives:
Students should be able to:
Understand the meaning of the term break-even output and interpret break-even charts
Identify the break-even level of output and margin of safety from a break-even chart
Evaluate the value of using break-even analysis to a business.
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The Role of Procurement - Lesson with additional resources - Operations
Lesson Objectives
Students should be able to:
Evaluate the use of Just In Time to an applied business example
To be able to analyse factors affecting the choice of supplier
To understand the effects of procurement and logistics on a business
To understand the value of an effect supply chain
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Good Customer Service - Operations
Learning Objectives
Students should be able to understand:
the methods of good service.
the benefits of good customer service
the dangers of poor customer service
the ways in which ICT has helped develop customer service
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Concept of Quality Lesson - Operations
Learning Objectives
Students should be able to:
Understand the consequences to business of quality issues.
Analyse why a business may implement Total quality management (TQM).
Understand the costs and benefits of maintaining quality
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GCSE FINANCE BUNDLE
Complete lesson resources for GCSE finance - covering a range of topics!
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Income Statements & Statement of Financial Position - 2 Lessons with activities - Finance
Income Statements - Learning Objectives
Students should be able to:
understand the importance of financial statements for assessing business performance and helping make business decisions
identify the main components of the income statement and the statement of financial position
Statement of Financial Position - Learning Objectives
Students should be able to understand:
Understand the importance of financial statements for assessing business performance and helping make business decisions
Identify the main components of the income statement and the statement of financial position
Understand the difference between assets and liabilities and that the statement of financial position is a snapshot in time
Make judgements on the performance of a business through the interpretation of the information contained in income statements
Consider current performance, performance against previous years, performance against competitors and performance from the perspective of a range of stakeholders
Calculate gross profit margin and net profit margin to help assess financial performance.
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Profit Ratios - Finance
Lesson Objectives:
Students should be able to understand:
Gross Profit Margin and how to calculate it.
Net Profit Margin and how to calculate it.
Be able to apply both formulas to a business to aid decision making.
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Operations Lesson Bundle
This resource includes the following:
3.3.1 - Production Processes
3.3.2 - The role of procurement / JIT worksheet / Supplier selection worksheet
3.3.3 - The concept of Quality
3.3.4 - Good customer services
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AQA - Influences on business - complete lesson bundle
Complete series of lessons for the AQA Influences on business unit.
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The Purpose & Nature of Business -Lesson
A full lesson looking at the purpose and nature of businesses.
To understand what a business is and the reasons for starting a business.
To understand the difference between goods and services, needs and wants and the four factors of production.
To understand the definition of opportunity cost and what the primary, secondary and tertiary sectors are.
To understand what an enterprise and entrepreneur is.
To learn about the characteristics of an entrepreneur and the objectives of entrepreneurs.