A full lesson looking at the purpose and nature of businesses. To understand what a business is and the reasons for starting a business. To understand the difference between goods and services, needs and wants and the four factors of production. To understand the definition of opportunity cost and what the primary, secondary and tertiary sectors are. To understand what an enterprise and entrepreneur is. To learn about the characteristics of an entrepreneur and the objectives of entrepreneurs.

Learning Objectives Students should be able to: Understand the term and formula for ARR Understand why ARR is a useful tool for businesses to inform decision making. Calculate ARR in a given situation then recommend an appropriate action.

A comprehensive resource with a case study written on the Subway franchise model. Also included is a model answer using a tried and tested exam technique that has produced high level grades in past examinations.

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.

Learning Objectives Students should be able to: Understand the main internal and external sources of finance available to businesses. Analyse the advantages and disadvantages of each method for a given situation Evaluate the suitability of sources of finance for new and established businesses.

Learning objectives for this lesson: To understand: the concept of globalisation the benefits and drawbacks that globalisation offers UK businesses. How exchange rates can impact the profit and sales of those businesses that import and/or export.