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The purpose and methods of market research - Marketing
The purpose and methods of market research
This lesson looks at the following learning objectives:
To understand why businesses conduct market research and what information is collected.
To understand the types (primary/secondary) and methods of market research including:
questionnaires - focus groups
surveys - Internet research
interviews - printed press
To be able to analyse and evaluate qualitative and quantitative market research data to make informed business judgements.
Segmentation Lesson - Marketing
Segmentation
This lesson looks at the following learning objectives:
To understand how and why different businesses use segmentation.
To learn about the various methods businesses may use to target customers.
Specifically looking at:
- gender
- age
- location
- income.
Promotion - Marketing Mix (4P's) - Marketing
This lesson will be looking at the following areas:
To understand the promotional methods which are likely to be used by a business.
To understand the benefits and drawbacks of promotional methods used by businesses.
To be able to analyse factors influencing the selection of the promotion mix to assess their suitability for a given business.
Stakeholder Lesson - With class activity
A full lesson along with additional worksheet to ensure student understanding.
This lesson will complete the following learning objectives:
To understand what a stakeholder is and who the main stakeholders of a business are such as owners, employees, customers, local community and suppliers.
To understand stakeholders’ main objectives such as maximising pay for workers, minimising environmental impact on local community and high dividend payments for owners.
To understand the impact and influence stakeholders have on businesses and their objectives and how businesses may face conflict between stakeholders.
Identify & Understanding Customers - Marketing
Identify & Understanding Customers
This lesson looks at the following learning objectives.
To understand the importance of identifying and satisfying customer needs, in order to:
provide a product or service that customers will buy
increase sales
select the correct marketing mix
avoid costly mistakes
be competitive.
Business Ownership - with activity worksheet
A full lesson delivered in a way to ensure student understanding.
This lesson will meet the following learning objectives:
To understand the different legal structures that businesses adopt.
To analyse the benefits and drawbacks of each legal structure (including issues such as management and control, sources of finance available, liability and distribution of profits).
To understand the concept of limited liability and which legal structures benefit from this.
To evaluate which legal structure would be most appropriate for a variety of business examples, including new start-up businesses and large established businesses.
Environmental & Ethical Impacts on Business
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.
Marketing Mix Activity Worksheet
This activity worksheet works well to ensure that students have a good understanding of the various aspects of the Marketing Mix.
Boston Matrix worksheet activity
An interactive activity worksheet to test student understanding of the Boston Matrix applied to Coca-Cola.
Business Location-Lesson (with activity)
A full lesson looking at the topic of Business Location.
The resource will complete the following learning objectives:
To understand the factors that influence where a business is located, including: proximity to the market, availability of raw materials, labour, competition and costs.
To be able to evaluate the most important influences on location for exemplar business situations.
This resource comes with an additional activity to ensure student understanding.
Basic Financial Terms - Lesson - Finance
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.
Breakeven - Lesson - Finance
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.
Exchange Rates - Toblerone - FREE
A hypothetical example using a real life change involving Toblerone.
Helps students understand an often confusing topic.
Please review!!
:)
Product Life Cycle - PlayStation - Activity Worksheet
A worksheet with a range of questions applied to a case study on PlayStation.
Place - Marketing Mix (4P's) - Marketing
This lesson looks at the following learning objectives:
To understand the different channels of distribution used by businesses including:
Retailers
Wholesalers
Telesales
To be able to analyse the growing importance of e-commerce and m-commerce.
To be able to use the marketing mix to inform and implement business decisions.
Price - Marketing Mix (4P's) - Marketing
This lesson will look at the following learning objectives:
To have an understanding of the main features of pricing methods and how they may impact businesses.
To understand the various pricing methods including:
- Price skimming
- Price penetration
- Competitive pricing
- Loss leader
- Cost-plus.
Recruitment and Selection Lesson - HR
A full lesson covering Recruitment and Selection within a business.
This lesson is delivered in a clear and straightforward manner with appropriate examples to ensure student clarity.
This lesson looks at the following topics:
Internal / External recruitment
Stages in the recruitment process such as: Job Analysis / Job Description / Person Specification
Benefits of an effective recruitment process
Contract types such as Full/Part-Time, Zero hour and Job Share.
BONUS worksheet activity included
Training - Lesson - HR
A full lesson covering the topic of Training.
This lesson is delivered in a clear and straightforward manner with appropriate examples to ensure student clarity.
This lesson looks at the following topics:
Benefits for a business of training its staff
Induction training
On-the-job training
Off-the-job training
Discussion points
Extension Activity
BONUS worksheet activity included.
Expanding a Business - Organic/Inorganic/Economies of Scale
Expanding a Business
This resource is split into three lessons covering the following topics:
Organic Growth including Opening new stores, E-Commerce, Outsourcing and Franchising.
Inorganic Growth including Takeovers and Mergers with examples of each.
Economies of Scale - Economies and Dis-economies
All lessons are delivered in a straight forward manner to ensure student comprehension.
Dragons Den Presentation Activity - FREE - MR BUSINESS
A fully resourced download enabling your students to apply what they have learned and create a new product themselves.
This is applied to GCSE Business AQA but can easily be ammended to another course by ammending slides 3 and 4 of the presentation.
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