Sarah Hilton has been a business examiner for over 20 years and a business teacher for longer. She is now a teacher trainer, business teacher and qualification developer. She runs the website revisionstation which provides smashing business teaching resources at budget prices.
Sarah Hilton has been a business examiner for over 20 years and a business teacher for longer. She is now a teacher trainer, business teacher and qualification developer. She runs the website revisionstation which provides smashing business teaching resources at budget prices.
2.4.1
Production,
productivity and
efficiency
a) Methods of production:
o job
o batch
o flow
o cell
b) Productivity:
o output per unit of input per time period:
factors influencing productivity
link between productivity and competitiveness
c) Efficiency:
o production at minimum average cost:
factors influencing efficiency
distinction between labour and capital intensive
production
2.4.2
Capacity utilisation
a) Capacity utilisation:
o current output (divided by) maximum possible output
(x 100)
b) Implications of under- and over-utilisation of capacity
c) Ways of improving capacity utilisation
2.4.3
Stock control
a) Interpretation of stock control diagram
b) Buffer stocks
c) Implications of poor stock control
d) Just in time (JIT) management of stock
e) Waste minimisation
f) Competitive advantage from lean production
2.4.4
Quality
management
a) Quality:
o control
o assurance
o circles
o Total Quality Management (TQM)
b) Continuous improvement (Kaizen)
c) Competitive advantage from quality management
1.4.1
Approaches to
staffing
a) Staff as an asset; staff as a cost
b) Flexible workforce:
o multi-skilling
o part-time and temporary
o flexible hours and home working
o outsourcing
c) Distinction between dismissal and redundancy
d) Employer/employee relationships
o individual approach
o collective bargaining
1.4.2
Recruitment,
selection and
training
a) Recruitment and selection process:
o internal versus external recruitment
b) Costs of recruitment, selection and training
c) Types of training:
o induction
o on-the-job
o off-the-job
1.4.3
Organisational
design
a) Structure:
o hierarchy
o chain of command
o span of control
o centralised and decentralised
b) Types of structure:
o tall
o flat
o matrix
c) Impact of different organisational structures on business
efficiency and motivation
1.4.4
Motivation in theory
and practice
a) The importance of employee motivation to a business
b) Motivation theories:
o Taylor (scientific management)
o Mayo (human relations theory)
o Maslow (hierarchy of needs)
o Herzberg (two factor theory)
c) Financial incentives to improve employee performance:
o piecework
o commission
o bonus
o profit share
o performance-related pay
d) Non-financial techniques to improve employee
performance:
o delegation
o consultation
o empowerment
o team working
o flexible working
o job enrichment
o job rotation
o job enlargement
1.4.5
Leadership
a) Leadership:
o the distinction between management and leadership
b) Types of leadership style:
o autocratic
o paternalistic
o democratic
o laissez-faire
Pearson Edexcel International GCSE in Business
1.8.1 Measuring success in business:
• revenue
• market share
• customer satisfaction
• profit
• growth
• owner/shareholder satisfaction
• employee satisfaction.
Complete lesson with a PPT and worksheet
By Sarah Hilton at Revisionstation
Pearson Edexcel International GCSE in Business (iGCSE)
1.5.4 The impact of exchange rate changes:
• on international competitiveness
• on importers and exporters.
This is a complete lesson with a PPT and a worksheet written by Sarah Hilton for Revisionstation
Pearson Edexcel International GCSE in Business (iGCSE)
1.5.3 Exchange rate calculation.
This is a complete lesson with a PPT and a worksheet
Written by Sarah Hilton at Revisionstation
Pearson Edexcel International GCSE in Business 1.1.1. Businesses can have several objectives
1.1.1 Businesses can have several objectives:
• financial aims and objectives - survival, profit,
sales, market share, financial security
• non-financial aims and objectives - social
objectives, personal satisfaction, challenge,
independence and control.
This is a complete lesson with a teacher PowerPoint and a student worksheet.
Written by Sarah Hilton at Revisionstation
Revisionstation’s A-Z revision ideas booklet 26 pages of 130 revision ideas, challenges, games, memory techniques, and time management tools in one fabulous booklet
Perfect for revision lessons or send a digital copy to all students
Ideal for any subject and any topic
This lesson is suitable for students that need extra support with the tricky topic of Quantitative Sales Forecasting
It is written for students studying Edexcel A level Business but would also suit students on the Pearson International Edexcel A level business course.
This includes a worksheet and a separate answer booklet in Word and PDF format
Written by Sarah Hilton at Revisionstation
This lesson is suitable for students that need extra support with the tricky topic of Income Elasticity of Demand (YED)
It is written for students studying Edexcel A level Business but would also suit students on the Pearson International Edexcel A level business course.
This includes a worksheet and a separate answer booklet in Word and PDF format
Written by Sarah Hilton at Revisionstation
This complete lesson covers:
The roles and objectives of internal and external stakeholder groups
Owners, employees, customers, suppliers, government and the local community
The effect business activity has on stakeholders
The effect stakeholders have on business
This is written by Sarah Hilton for Revisionstation
This complete lesson covers:
The concept of limited liability
The features of different types of business ownership
Sole traders, partnerships, private and public limited companies
The suitability of differing types of ownership in different business contexts
Start-ups and established businesses
It is written by Sarah Hilton for Revisionstation
This lesson covers:
The 4 Ps of marketing and their importance
Product
Design, invention, innovation
Product stages of the lifecycle
Introduction, growth, maturity, decline
Pricing methods
Skimming, cost-plus, penetration, competitor, promotional
Promotion – point of sale
Price reductions, loss leaders, competitions, free samples
Promotion - advertising
Social media, websites, print media, television, radio
Place – distribution of products and services
Digital and physical distribution channels
How the 4 Ps of the marketing mix work together
The use of the marketing mix to inform and implement business decisions
Interpretation of market data
Changes in demand
target market and market share
changes in product
effects of promotion
This lesson is written by Sarah Hilton at Revisionstation
This lesson covers:
The use of segmentation to target customers
Age
Gender
Income
Location
Lifestyle
This lesson is written by Sarah Hilton for Revisionstation
This lesson covers:
Different organisational structures
Tall, flat
The terminology of organisation charts
Span of control, chain of command, delegation, subordinates, authority
Why businesses have different organisational structures
Importance of effective communication, different job roles and responsibilities, different ways of working
Ways of working
Full-time, part-time, flexible working, temporary work, working from home, working whilst mobile, self-employed
This lesson is written by Sarah Hilton for Revisonstation
This lesson covers:
Why businesses recruit
Replace employees who leave, business growth, skill gaps
Methods of selection
CV, application form, letter of application, interviews, tests, group activities, references
The use of different recruitment methods to meet different business needs
internal methods, external methods, job description and person specification
This lesson is written by Sarah Hilton for Revisionstation
This complete lesson covers:
The impact of consumer law on business
Reputation of the business, safety and satisfactory quality of goods
This lesson was written by Sarah Hilton for Revisionstation
This lesson covers:
The impact of current legislation on recruitment and employment
Discrimination, employees’ right to contract, holidays, hours of work
This lesson was written by Sarah Hilton for Revisionstation
This lesson covers:
The economic climate and its impact on business
Changing levels of consumer income and employment
This lesson was written by Sarah Hilton for Revisionstation
Pearson Edexcel A Level International Business (133) 3 Promotion and branding
This lesson covers:
a) Types of promotion.
b) Types of branding.
c) The benefits of strong branding:
• added value
• ability to charge premium prices
• reduced price elasticity of demand.
d) Ways to build a brand:
• unique selling points, USPs)/differentiation
• advertising
• sponsorship
• the use of social media.
e) Changes in branding and promotion to reflect social trends:
• viral marketing
• social media
• emotional branding.
This lesson was written by Sarah Hilton for Revisionstation
New Pearson Edexcel A Level International Business (134) 1 Approaches to staffing
This lesson covers:
a) Staff as an asset; staff as a cost.
b) Flexible workforce:
• multi-skilling
• part-time and temporary
• zero-hour contracts
• flexible hours and home working
• outsourcing.
c) Distinction between dismissal and redundancy.
d) Employer/employee relationships
• individual approach
• collective bargaining.
This lesson was written by Sarah Hilton for Revisionstation