This lesson includes a PowerPoint and a worksheet and covers: a) Calculation of income elasticity of demand b) Interpretation of numerical values of income elasticity of demand c) The factors influencing income elasticity of demand d) The significance of income elasticity of demand to businesses Written by Sarah Hilton for Revisionstation

This lesson includes a PowerPoint and a worksheet and covers: a) Distribution channels b) Changes in distribution to reflect social trends: online distribution changing from product to service Written by Sarah Hilton for Revisionstation

This lesson includes a PowerPoint and a worksheet and covers: 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 Written by Sarah Hilton for Revisionstation

This lesson includes a PowerPoint and a worksheet and covers: 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 Written by Sarah Hilton for Revisionstation

This lesson includes a PowerPoint and a worksheet and covers: a) Relevance of a business plan in obtaining finance b) Interpretation of a simple cash-flow forecast and calculations based on changes in the cash-flow variables c) Use and limitations of a cash-flow forecast Written by Sarah Hilton for Revisionstation

This lesson includes a PowerPoint and a worksheet and covers: a) Implications of limited and unlimited liability b) Finance appropriate for limited and unlimited liability businesses Written by Sarah Hilton for Revisionstation

This lesson includes a PowerPoint and a worksheet and covers: a) Internal and external causes of business failure: o financial factors o non-financial factors Written by Sarah Hilton for Revisionstation

EDEXCEL GCSE BUSINESS 1.5.2 TECHNOLOGY AND BUSINESS (COMPLETE LESSON) 152 This lesson includes a PowerPoint and a worksheet and covers: Different types of technology used by business: e-commerce Social media Digital communication Payment systems How technology influences business activity in terms of: Sales Costs Marketing mix Written by Sarah Hilton for Revisionstation

EDEXCEL GCSE BUSINESS 1.5.1 BUSINESS STAKEHOLDERS (COMPLETE LESSON) 151 This lesson includes a PowerPoint and a worksheet and covers: Who business stakeholders are and their different objectives: •Shareholders (owners), employees, customers, managers, suppliers, local community, pressure groups, the government Stakeholders and businesses: •How stakeholders are affected by business activity •How stakeholders impact business activity •Possible conflicts between stakeholder groups Written by Sarah Hilton for Revisionstation

EDEXCEL GCSE BUSINESS 1.4.2 BUSINESS LOCATION (COMPLETE LESSON) 142 This lesson includes a PowerPoint and a worksheet and covers: Factors influencing business location: proximity to: market labour materials competitors nature of the business activity the impact of the internet on location decisions: e-commerce and/or fixed premises Written by Sarah Hilton for Revisionstation

EDEXCEL GCSE BUSINESS 1.3.4 SOURCES OF BUSINESS FINANCE (COMPLETE LESSON) 134 This lesson includes a PowerPoint and a worksheet and covers: Sources of finance for a start-up or established small business: •Short-term sources: overdraft and trade credit •Long-term sources: personal savings, venture capital, share capital, loans, retained profit and crowd funding Written by Sarah Hilton for Revisionstation

2.2.1 Sales forecasting a) Purpose of sales forecasts b) Factors affecting sales forecasts: o consumer trends o economic variables o actions of competitors c) Difficulties of sales forecasting 2.2.2 Sales, revenue and costs a) Calculation of sales volume and sales revenue b) Calculation of fixed and variable costs 2.2.3 Break-even a) Contribution: selling price – variable cost per unit b) Break-even point: o total fixed costs + total variable costs = total revenue c) Using contribution to calculate the break-even point d) Margin of safety e) Interpretation of break-even charts f) Limitations of break-even analysis 2.2.4 Budgets a) Purpose of budgets b) Types of budget: o historical figures o zero based c) Variance analysis d) Difficulties of budgeting

Pearson Edexcel International A Level Business (331) 2 Theories of corporate strategy a) Development of corporate strategy: • Ansoff’s Matrix • Porter’s Strategic Matrix. b) Aim of portfolio analysis. c) Effect of strategic and tactical decisions on human, physical, and financial resources. Written by Sarah Hilton for Revisionstation

Pearson Edexcel International A Level Business (331) 4 Impact of external influences a) PESTLE (political, economic, social, technological, legal and environmental). b) The changing competitive environment. c) Porter’s five forces. Written by Sarah Hilton for Revisionstation

Pearson Edexcel International A Level Business (331) 3 SWOT analysis a) SWOT analysis • internal considerations: strengths and weaknesses • external considerations: opportunities and threats. Written by Sarah Hilton for Revisionstation

Pearson Edexcel International A Level Business (434) 2 International business ethics a) Stakeholder conflicts. b) Environmental considerations: • emissions and waste disposal • sustainability. c) Supply chain considerations: • pay and working conditions • exploitation of labour and child labour. d) Marketing considerations: • misleading product labelling • inappropriate marketing activities. Written by Sarah Hilton for Revisionstation

Pearson Edexcel International A Level Business (434) 3 Controlling MNCs a) Factors to consider: • power of MNC • political influence • legal control • consumer pressure • pressure groups • social media • self-regulation. Written by Sarah Hilton for Revisionstation

Pearson Edexcel International A Level Business (431) 3 Factors contributing to globalisatiation a) Trade liberalisation, the reduction of trade barriers and the role of the WTO. b) Political change. c) Reduced cost of transport and communication. d) Increased significance of global (multinational) corporations (MNCs). e) Increased investment flows (FDI). f) Migration within and between economies. g) Growth of the global labour force. h) Structural change. i) Impact on businesses of increased globalisation. Written by Sarah Hilton for Revisionstation

Pearson Edexcel International A Level Business (431) 2 International trade and business growth a) Exports and imports. b) Implications of increasing specialisation by countries and businesses. c) Foreign Direct Investment (FDI) and link to business growth. Written by Sarah Hilton for Revisionstation

Pearson Edexcel International A Level Business (431) 5 Trading blocs a) Expansion of trading blocs: • EU and the single market • ASEAN • NAFTA. b) The impact on businesses of trading blocs. Written by Sarah Hilton for Revisionstation