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

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.

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.

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.

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: 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.

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.

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.

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

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

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

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 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 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.

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.

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.