In this lesson I cover: What profit is and why it is important: How a profit is made Importance of profit to private sector businesses, e.g. reward for risk-taking/enterprise, source of finance Difference between profit and cash Income statements: Main features of an income statement, e.g. revenue, cost of sales, gross profit, profit and retained profit Use simple income statements in decision making based on profit calculations (constructing income statements will not be assessed) Explaining what Statement of financial position The main elements of a statement of financial position: The main classifications of assets and liabilities, using examples Interpret a simple statement of financial position and make deductions from it, e.g. how a business is financing its activities and what assets it owns, sale of inventories to raise finance (constructing statements of financial position will not be assessed) There is also a Task for students to complete to help them remember this topic.

In this PowerPoint presentation I cover: Why new business ideas come about: * changes in technology * changes in what consumers want * products and services becoming obsolete. How new business ideas come about: * original ideas * adapting existing products/services/ideas. There are also 5 questions at the end to help students remember the key points of the presentation.

In this PowerPoint presentation I cover: The role of business enterprise and the purpose of businessactivity: to produce goods or services to meet customer needs to add value: convenience, branding, quality, design,unique selling points. The role of entrepreneurship: an entrepreneur: organises resources, makes businessdecisions, takes risks. There are 5 questions at the end to help students remember the key points of the presentation.

In this lesson I cover: The main factors influencing the location and relocation decisions of a business: Factors relevant to the location decision of manufacturing businesses and service businesses Factors that a business could consider when deciding which country to locate operations in The role of legal controls on location decisions There is also a task for students to complete.

In this lesson, I cover. Marketing Mix 4 P’s Technology and the Marketing Mix

In this lesson I cover: The meaning of production: Managing resources effectively to produce goods and services Difference between production and productivity Benefits of increasing efficiency and how to increase it, e.g. increasing productivity by automation and technology, improved labour skills Why businesses hold inventories The concept of lean production: how to achieve it, e.g. just-in-time inventory control and Kaizen; benefits of lean production The main methods of production: Features, benefits and limitations of job, batch and flow production Recommend and justify an appropriate production method for a given situation How technology has changed production methods: e.g. using computers in design and manufacturing

In this lesson I cover: Business activity in terms of primary, secondary and tertiary sectors: Basis of business classification, using examples to illustrate the classification Reasons for the changing importance of business classification, e.g. in developed and developing economies business enterprises between private sector and public sector in a mixed economy

In this lesson, I cover the following: Marketing, competition and the customer * The role of marketing: * Identifying customer needs * Satisfying customer needs * Maintaining customer loyalty * Building customer relationships Market changes: Why customer/consumer spending patterns may change The importance of changing customer needs Why some markets have become more competitive How businesses can respond to changing spending patterns and increased competition Concepts of niche marketing and mass marketing: Benefits and limitations of both approaches to marketing How and why market segmentation is undertaken: How markets can be segmented, e.g. according to age, socio-economic grouping, location, gender Potential benefits of segmentation to business Recommend and justify an appropriate method of segmentation in given circumstances This is a complete lesson.

In this lesson I cover: The impact of risk and reward on business activity: Risk: business failure, financial loss, lack of security Reward: business success, profit, independence. By end of this presentation students will be able to discuss the impact of risk and reward on business activity There are also 5 questions at the end to help students remember the key points of the presentation.

In this powerpoint I cover: What is market segmentation? How businesses use market segmentation to target customers: Gender Location Demographics Lifestyle Income age Market mapping to identify a gap in the market and the competition. Why do businesses need to segment their markets? Benefits of Market segmentation There are also 5 exam style questions to help students remember the key points of this lesson.

In this informative PowerPoint Presentation I cover: The importance of cash to a business: To pay suppliers, overheads and employees To prevent business failure (insolvency) The difference between cash and profit. Calculation and interpretation of cash-flow forecasts: Cash inflows Cash outflows Net cash flow Opening and closing balances. There are also 5 questions at the end to help students remember key points of this presentation. Lots of images and clear text

In this informative Powerpoint Presentation I cover: The concept and calculation of: revenue fixed and variable costs total costs profit and loss interest break even level of output margin of safety Interpretation of break even diagrams: the impact of changes in revenue and costs break even level of output margin of safety profit and loss. At the end there is an activity to help students understand and produce a breakeven chart.

In this informative PowerPoint Presentation I cover: Factors influencing business location: proximity to: market, labour, materials and competitors nature of the business activity The impact of the internet on location decisions: e-commerce and/or fixed premises There is also an activity for students to remember the key points of this presentation.

In this informative PowerPoint presentation I cover: The concept of limited liability: limited and unlimited liability the implications for the business owner(s) of limited and unlimited liability. The types of business ownership for start-ups: sole trader, partnership, private limited company the advantages and disadvantages of each type of business ownership. The option of starting up and running a franchise operation: the advantages and disadvantages of franchising. There are also some questions at the end to help you remember key points of the lesson.

In this informative PowerPoint Presentation I cover: The role and importance of a business plan: To identify: the business idea; business aims and objectives; target market (market research); forecast revenue, cost and profit; cash-flow forecast; sources of finance; location; marketing mix. The purpose of planning business activity: The role and importance of a business plan in minimising risk and obtaining finance. I have also attached a business plan activity sheet which can be used with students to remember the key points and understand how to construct a business or personal plan. The PowerPoint has images too

In this lesson I cover: The purpose and nature of business activity Concepts of needs, wants, scarcity and opportunity cost Importance of specialisation Purpose of business activity The concept of adding value and how added value can be increased

This PowerPoint presentation covers: Sole trader Partnership Limited companies There are also 12 questions at the end which students can you to practice to remember the key points of the lesion. This is a good quick revision tool, that will help students remember the key points.

In this lesson I cover: Why quality is important and how quality production might be achieved: What quality means and why it is important for all businesses The concept of quality control and how businesses implement quality control The concept of quality assurance and how this can be implemented

This PowerPoint presentation covers: The Role Of Technology In Business Advantages and Disadvantages of technology in business The impact of technology on: COMMUNICATION FINANCE DEPARTMENTS EMPLOYMENT PRODUCTION Electronic Point Of Sale SOCIETY LOCATION There is also an activity for student to help them remember key points.

In this informative PowerPoint Presentation I cover: What business aims and business objectives are Understand SMART objectives Financial objectives: survival, profit, sales, market share, financial security Non-financial objectives: social objectives, personal satisfaction, challenge, independence and control. Why aims and objectives differ between businesses. Activity for students