A full lesson along with additional worksheet to ensure student understanding. This lesson will complete the following learning objectives: To understand what a stakeholder is and who the main stakeholders of a business are such as owners, employees, customers, local community and suppliers. To understand stakeholders’ main objectives such as maximising pay for workers, minimising environmental impact on local community and high dividend payments for owners. To understand the impact and influence stakeholders have on businesses and their objectives and how businesses may face conflict between stakeholders.

Learning objectives for this lesson: To understand: the concept of globalisation the benefits and drawbacks that globalisation offers UK businesses. How exchange rates can impact the profit and sales of those businesses that import and/or export.

By the end of this lesson 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.

Learning objectives for this lesson: Students should be able to: Understand how businesses can be affected by legislation. Understand the some of the different laws that could affect business including: Employment Law Health and Safety Law Consumer Protection Laws

Learning Objectives Students should be able to: Understand the term and formula for ARR Understand why ARR is a useful tool for businesses to inform decision making. Calculate ARR in a given situation then recommend an appropriate action.

Learning Objectives Students should be able to understand: Job and flow production methods and understand when each is appropriate within a business context. Students should consider how production might be made more efficient by the use of lean production techniques.

Lesson Objectives Students should be able to: Understand the meaning of a market and competition Analyse potential impacts of competition on businesses and identify situations when businesses face minimal or no competition Understand the risks businesses face and the reasons why all businesses face uncertainty Understand the reason why entrepreneurs embark on running businesses and the activities businesses can undertake to minimise risks.

Learning Objectives Students should be able to: Understand the main internal and external sources of finance available to businesses. Analyse the advantages and disadvantages of each method for a given situation Evaluate the suitability of sources of finance for new and established businesses.