This lesson covers: Factors influencing business location Costs, the proximity to market, labour and materials This lesson was written by Sarah Hilton for Revisionstation

This lesson covers: The role of procurement Identifying goods and services to buy, choosing suppliers, ordering goods and services, receiving deliveries from suppliers The impact of logistical and supply decisions on businesses Time, length of supply chain, reliability of supply, costs, customer services This lesson was written by Sarah Hilton for Revisionstation

This lesson covers: The purpose of the finance function Provide financial information, support business planning and decision making The influence of the finance function on business activity This lesson was written by Sarah Hilton for Revisionstation

This lesson covers: Ethical considerations and their impact on businesses Treatment of workers / suppliers / customers, sourcing of materials, marketing decisions Environmental considerations and its impact on businesses Sustainability, waste disposal, pollution, climate change This lesson was written by Sarah Hilton for Revisionstation

This lesson covers: The concept of globalisation The impact of globalisation on business The growth of multinational companies, influences on business location, international branding, how businesses compete internationally 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

This lesson covers: The reasons businesses need finance Establishing a new business, funding expansion, to run the business, recruitment, marketing Ways of raising finance Loan, overdraft, trade credit, retained profit, sale of assets, owner’s capital, new partner, share issue, crowdfunding How and why different sources of finance are suitable for new and established businesses This lesson was written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: Models of organisational structure Functional Product based Regional Matrix Influences on organisational design authority span hierarchy delegation centralisation and decentralisation The value of changing organisational design How managing the human resource flow helps meet human resource objectives: human resource plan recruitment training redeployment redundancy This lesson is written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: Calculating and interpreting human resource data Students should be able to calculate and interpret: labour turnover labour productivity employee costs as percentage of turnover labour cost per unit The use of data for human resource decision making and planning This lesson was written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: The value of setting human resource objectives employee engagement talent development training diversity alignment of employee and employer values number, skills and location of employees Methods of achieving resource objectives Soft and hard Human Resource Management (HRM) This lesson is written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: Methods to improve cash flow Assess ways of improving cash flow Methods to improve profits and profitability Assess ways of improving profits and profitability Difficulties improving cash flow and profit This lesson was written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: The distinction between management and leadership Types of management and leadership styles and influences on these – theories: Common leadership styles Autocratic Paternalistic Democratic Laissez-faire The Tannenbaum and Schmidt continuum The effectiveness of different styles of management and leadership This lesson was written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: The value of decision making based on data (scientific decision making) and on intuition Scientific decision making: Understanding and interpreting decision trees Calculating expected value and net gains. Decision making: Risks Rewards Uncertainty Opportunity cost The use and value of decision trees in decision making Influences on decision making: Mission Objectives Ethics The external environment including competition Resource constraints This lesson was written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: The need to consider stakeholder needs when making decisions Stakeholder mapping Stakeholder power and interest Stakeholder needs and the possible overlap and conflict of these needs How to manage the relationship with different stakeholders Communication Consultation This lesson was written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: The value of primary and secondary marketing research Qualitative and quantitative data Calculate market and sales growth, market share and size (already covered in 331) The value of sampling Random Stratified Quota The interpretation of marketing data positive and negative correlation and an understanding of the strength of the relationship understanding the concept of confidence intervals understanding extrapolation. The interpretation of price and income elasticity of demand data Interpretation of price and income elasticity of demand (PED and YED)* Analysis of the impact of changes in price and income on revenue* The value of the concepts of price and income elasticity of demand to marketing decision makers The use of data in marketing decision making and planning This lesson was written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: The process and value of segmentation, targeting and positioning Segmentation methods include: Demographic Geographic Income Behavioural segmentation Influences on choosing a target market and positioning Targeting may include Niche and Mass marketing Positioning should include Market mapping This lesson was written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: How to manage supply to match demand and the value of doing so, methods include: Outsourcing (including the value of outsourcing) use of temporary and part time employees producing to order Influences on the amount of inventory held interpreting inventory control charts lead time re-order levels buffer level of inventory re-order quantities Influences on the choice of suppliers How to manage the supply chain effectively and efficiently and the value of this This lesson is written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: The importance of capacity How to utilise capacity efficiently The importance of efficiency and labour productivity How to increase efficiency and labour productivity Difficulties increasing efficiency and labour productivity The benefits and difficulties of lean production Lean production should include ‘Just in Time’ vs ‘Just in Case’ How to choose the optimal mix of resources The mix of resources should include an understanding of labour and capital intensive processes How to use technology to improve operational efficiency This lesson was written by Sarah Hilton for Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 This lesson covers: The interpretation, calculation and use of operations data in operational decision-making and planning Calculation of: labour productivity unit costs (average costs) capacity capacity utilisation This lesson was written by Sarah Hilton at Revisionstation

AS(7131) A-level (7132) Specifications For teaching from September 2023 onwards For as exams in May/June 2024 onwards For a-level exams in May/June 2025 onwards Version 2.0 Methods of improving quality quality assurance vs quality control The benefits and difficulties of improving quality The consequences of poor quality This lesson was written by Sarah Hilton for Revisionstation