Friday, 15 December 2017

Even more brake even practice


Here is another challenge here.  
If you get that done you can enjoy the other activities below! 

Quick recap questions click here


Quick recap on drawing the graph here and the powerpoint you used to take your class notes from which I've re-posted here


Its now Over to you for some more practice

With a Driving School activity  here
 
and if you finish that you might like a taster of what your online test looks like.




For those who look to do more a  topic test can be found here


Distinction Challenge answers here

Recap on brake even for the January examination !


Learners should for a PASS (C):
  • Be able to define break-even - the point that a business has made enough money through product sales to cover the costs of making the product (no profit and no loss)
  • Be able to interpret (point out or identify) from a brake even chart: the 

  • break even point
  • profit
  • loss
  • variable costs
  • fixed costs
  • total revenue
  • total costs
  • margin of safety
  • Be able to calculate the break-even (formula will be given in the given assessment) using method 1, 2 or both

Method 1 - Contribution Method   For a PASS


Break-even point    =                            total fixed costs
       (output)                    selling price per unit - variable cost per unit


Method 2 - The Break Even Point - (BEP) Graph Method or Seven Steps to Break Even Heaven click here

Learners should for a MERIT (B)
  • Be able to analyse and explain the value and importance of break even analysis to businesses when planning for success 


  • Analyse and explain the associated risks to a business of not completing a break-even analysis 


  • Present given information graphically on a break even chart 

Learners should for a DISTINCTION (A)


  • Analyse the effect on the break even point if sales or (fixed and variable) costs change, and explain the impact of these changes on the business 





That's all you need to know now test yourself here

Good luck and enjoy

NEXT STEPS in our next lesson - don't wait for Mr T and the other lazy slackers click here

Mr T

Wednesday, 13 December 2017

Creating a questionnaire on GOOGLE FORMS in 5 mins

Hi


I have just attached a link here for you to do your own.


If you fill it in during Period 5 and get Mrs E to email me to say you all have I will print screen the results and show you how great they are.


Anyway its here to enjoy


Mrs E has also found you an easier BUSINESS PLAN TEMPLATE if you think the others are too hard ! Click here


Mr T

Tuesday, 12 December 2017

Its never too late to make a difference to your grade in the finance exam!

Dear Year 10

I have made a powerpoint here to help you answer the big questions for 8-12 marks which will ensure that you get that Merit or Distinction that you deserve.

I've also got you some exam skill slides here

And a formula sheet here

Good luck in the exams this week and just make sure that you answer every question and do your best.

Its been a real pleasure teaching you to finance now just do in there and do your best.

Mr T

Monday, 11 December 2017

New to teaching GCSE Business Studies (9-1) by Edexcel

This was a great online teaching event that came fully resourced for anyone who missed it!

Types of market and market segmentation - Unit 2 Lesson 2 Stretch and challenge



Dear Year 12 L3


Once you've looked at the powerpoint fro lesson two and carried out the activity.


Think about the RESEARCH ACTIVITY and then stretch and challenge yourself by understanding MARKET SEGMENTATION and the stats that you can find below:


Demographics in a nutshell


Different ways to segment a market


Classification of population by social status


Office of National Statistics


What is ACORN all about ?


Enjoy


Mr T


Next lesson is all about BRANDING should you wish to read up on it!

Friday, 8 December 2017

Making P4 M4 D2 & P6 M5 D3 is now an easy challenge to achieve providing you put the effort in before Christmas!


Preliminary thoughts

 

Before setting up a business you need an idea.  What’s yours for Unit 1?

 

Once you have an idea you need to do some research.  Primary research is carrying out a survey of question to find out what your customers really WANT or NEED.  This can be done as a verbal interview where you write down their replies or you could use SURVEY MONKEY or GOOGLE FORMS. Secondary research is looking at the research that’s already out there.  Remember that your research needs to focus on both the CUSTOMERS and the COMPETITION

 

1.    What did your PRIMARY & SECONDARY research t and here tell you? Did you carry out a survey? What the market thinks of your product and to help you find a price point

 

2.    What is your businesses product or service and more importantly what is its USP,?

 

3.    What is the suggested price that they would sell it for to get it on a shelf of a retail outlet?

 

4.    What type of promotion does your research suggest would sell it and the distribution channel it could enjoy.  Use your contacts both in and out of school to see how far the primary research can go.

 

5.    What does your competitive analysis for your product tell you? How does it compare to others in the marketplace?

 

6.    What does your SWOT analysis tell youand here

 

7.    If everything is looking positive you are now ready to consider writing your business plan but at the same time think about how you will present it for P6 using this worksheet here

 

Getting down to writing the BUSINESS PLAN

8.      The business plan needs to be submitted first week back after Christmas so that the DRAGONS can clearly see it before you present to them, second week back.  I have attached a few business plan examples below:

9.      Select a template from the list below that suits you or make one based on what you have discovered above

 




Peter Jones 90 Day Model because everything changes all the time!

 
The Business Plan will include all the stuff you learnt in your P3 M3 report on how it will be successful and your P5 script.so don’t repeat this if you are using a template above.  Delete that section.  This report will need to be presented a week before you pitch it with your presentation during the second week back.  P4 is your initial plan so don’t make it too complicated.  P6 is your pitch an


Deadlines


P4 M4 D2 REPORTS & P6 M5 D3 P4 submitted 1st week back. Presentations to be pitched w/c 8th January 2018

Single sheet if you want your own copy here