Sarah Hilton has been a business examiner for over 20 years and a business teacher for longer. She is now a teacher trainer, business teacher and qualification developer. She runs the website revisionstation which provides smashing business teaching resources at budget prices.
Sarah Hilton has been a business examiner for over 20 years and a business teacher for longer. She is now a teacher trainer, business teacher and qualification developer. She runs the website revisionstation which provides smashing business teaching resources at budget prices.
This lesson includes a PowerPoint and a worksheet and covers:
a) Calculation of:
o gross profit
o operating profit
o profit for the year (net profit)
b) Statement of comprehensive income (profit and loss
account):
o measuring profitability:
calculation of gross profit margin, operating profit
margin, and profit for the year (net profit) margin
o ways to improve profitability
c) Distinction between profit and cash
Written by Sarah Hilton for Revisionstation
a) Exports and imports
b) The link between business specialisation and competitive
advantage
c) Foreign direct investment (FDI) and link to business
growth
This lesson includes a PowerPoint and a student worksheet
Written by Sarah Hilton for Revisionstation
This lesson includes a PowerPoint and a worksheet and covers:
a) Objectives of growth:
o to achieve economies of scale (internal and external)
o increased market power over customers and
suppliers
o increased market share and brand recognition
o increased profitability
b) Problems arising from growth:
o diseconomies of scale
o internal communication
o overtrading
Written by Sarah Hilton for Revisionstation
This lesson includes a PowerPoint and a worksheet which covers:
a) Reasons for mergers and takeovers
b) Distinction between mergers and takeovers
c) Horizontal and vertical integration
d) Financial risks and rewards
e) Problems of rapid growth
Written by Sarah Hilton for Revisionstation
This lesson includes a PowerPoint and a worksheet and covers:
a) Design mix:
function
aesthetics
cost
b) Changes in the elements of the design mix to reflect social trends:
concern over resource depletion: designing for waste minimisation, re-use and recycling
ethical sourcing
Written by Sarah Hilton for Revisionstation
Pearson Edexcel International A Level Business (335) 1 Interpretation of financial statements
a) Statement of comprehensive income (profit and loss account):
• key information
• stakeholder interest.
b) Statement of financial position (balance sheet)
• key information
• stakeholder interest.
Written by Sarah Hilton for Revisionstation
This lesson includes a PowerPoint and a worksheet and covers:
a) Characteristics and skills required
b) Reasons why people set up businesses:
o financial motives: profit maximisation and profit
satisficing
o non-financial motives: ethical stance, social
entrepreneurship, independence and home working
Written by Sarah Hilton for Revisionstation
This lesson includes a PowerPoint and a worksheet and covers:
a) Sole trader, partnership and private limited company
b) Franchising, social enterprise, lifestyle businesses, online
businesses
c) Growth to PLC and stock market flotation
Written by Sarah Hilton for Revisionstation
1.5.1
Role of an
entrepreneur
a) Creating and setting up a business
b) Running and expanding/developing a business
c) Innovation within a business (intrapreneurship)
d) Barriers to entrepreneurship
e) Anticipating risk and uncertainty in the business
environment
1.5.2
Entrepreneurial
motives and
characteristics
a) Characteristics and skills required
b) Reasons why people set up businesses:
o financial motives: profit maximisation and profit
satisficing
o non-financial motives: ethical stance, social
entrepreneurship, independence and home working
1.5.3
Business objectives
a) Survival
b) Profit maximisation
c) Other objectives:
o sales maximisation
o market share
o cost efficiency
o employee welfare
o customer satisfaction
o social objectives
1.5.4
Forms of business
a) Sole trader, partnership and private limited company
b) Franchising, social enterprise, lifestyle businesses, online
businesses
c) Growth to PLC and stock market flotation
1.5.5
Business choices
a) Opportunity cost
b) Choices and potential trade-offs
1.5.6
Moving from
entrepreneur to
leader
a) The difficulties in developing from an entrepreneur to a leader
Pearson Edexcel International A Level Business (333) 1 Quantitative sales forecasting
a) Calculation of time-series analysis: moving averages (three period/four quarter).
b) Interpretation of scatter graphs and line of best fit: extrapolation of past data to future.
c) Limitations of quantitative sales forecasting techniques.
Written by Sarah Hilton for Revisionstation
Pearson Edexcel International A Level Business (432) 2 Assessment of a country as a market
a) Factors to consider:
• levels and growth of disposable income
• ease of doing business
• infrastructure
• political stability
• exchange rates.
b) Application of Porter’s five forces in assessing potential markets.
Written by Sarah Hilton for Revisionstation
1.4.1
Approaches to
staffing
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
1.4.2
Recruitment,
selection and
training
a) Recruitment and selection process:
o internal versus external recruitment
b) Costs of recruitment, selection and training
c) Types of training:
o induction
o on-the-job
o off-the-job
1.4.3
Organisational
design
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
1.4.4
Motivation in theory
and practice
a) The importance of employee motivation to a business
b) Motivation theories:
o Taylor (scientific management)
o Mayo (human relations theory)
o Maslow (hierarchy of needs)
o Herzberg (two factor theory)
c) Financial incentives to improve employee performance:
o piecework
o commission
o bonus
o profit share
o performance-related pay
d) Non-financial techniques to improve employee
performance:
o delegation
o consultation
o empowerment
o team working
o flexible working
o job enrichment
o job rotation
o job enlargement
1.4.5
Leadership
a) Leadership:
o the distinction between management and leadership
b) Types of leadership style:
o autocratic
o paternalistic
o democratic
o laissez-faire
Pearson Edexcel International GCSE in Business
1.8.1 Measuring success in business:
• revenue
• market share
• customer satisfaction
• profit
• growth
• owner/shareholder satisfaction
• employee satisfaction.
Complete lesson with a PPT and worksheet
By Sarah Hilton at Revisionstation
This lesson is suitable for students that need extra support with the tricky topic of supply and demand
It is written for students studying Edexcel A level Business but would also suit students on the Pearson International Edexcel A level business course.
This includes a worksheet and a separate answer booklet in Word and PDF format
Written by Sarah Hilton at Revisionstation
Students should be able to:
explain the benefits of training employees for a business, including increased productivity, ability to deal with changes in technology, increased motivation, staff retention, production of high quality goods and good customer service
understand the methods of training undertaken by businesses, including induction training, on the job training and off the job training
explain the benefits of induction training
analyse the benefits and drawbacks of on the job
analyse the benefits and drawbacks of off the job training and evaluate which would be the most appropriate method for a variety of businesses
Complete lesson written by Sarah Hilton for Revisionstation
Pearson Edexcel International A Level Business (132) 3 Markets
This lesson covers:
The interaction of supply and demand
The drawing and interpretation of supply and demand diagrams to show the causes and consequences of price changes
Written by Sarah Hilton for Revisionstation
2.3.1 Planning a business and raising finance
4 FORMS OF BUSINESS
This complete lesson includes:
a) Sole trader, partnership and private limited company (Ltd)
b) Franchising, social enterprise, lifestyle businesses, online businesses
c) Growth to public limited companies (plc) and stock market flotation
This lesson is written by Sarah Hilton at Revisionstation
a) Stakeholder conflicts
b) Pay and working conditions
c) Environmental considerations:
o emissions
o waste disposal
d) Supply chain considerations:
o exploitation of labour
o child labour
e) Marketing considerations:
o misleading product labelling
o inappropriate promotional activities
This lesson includes a PowerPoint and a student worksheet
Written by Sarah Hilton for Revisionstation
a) Spreading risk over different countries/regions
b) Entering new markets/trade blocs
c) Acquiring national/international brand names/patents
d) Securing resources/supplies
e) Maintaining/increasing global competitiveness
This lesson includes a PowerPoint and a student worksheet
Written by Sarah Hilton for Revisionstation
