Learning Outcome B Planning tools for success

Lesson 4 Topic 3 (B.1) Understand the planning tools businesses use to predict when they will start making a profit

To answer all the 'online assessment' questions on this next topic on the course:

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 break-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 the 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. 

NEXT STEPS in our next lesson - click here

Homework 3 Wk 3

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

Good luck and enjoy


Mr T

PS if you haven't bought a core textbook the link here might be useful or alternatively you could get a second hand one or dare I say take a trip to use a free one in the library as they are ordering some for in there!

BTEC Business Level 2 - Unit 2 Finance for Business - Lessons 1 & 2

Dear Year 12 BTEC Business L2ers

Business is very abstract and if you don't have a family business and have never had any work experience its sometimes difficult to get your head around stuff.

That said my advice to you is "put yourself in the scenario" try to think about what you would do if you walked into the example and actually had to think like the business owner in the case study you are given.  The sooner you think like the owner the sooner you will start thinking like a business person and it might not come naturally at first but you will start to develop your skills set very quickly and this is a skill set that employers are crying out for.

Anyway, today's lesson covered Learning Aim A - Understanding the costs involved in business and how businesses make a profit.  Although we didn't really get to the importance of profit you do need to know what your costs are before you can start thinking about making a profit and selling anything!

Lesson 1 - Topic A.1 Understand the costs involved in business

After today's lesson you should:

Understand and identify the costs of a business including:

• startup costs - the cost incurred when setting up a business
• operating (running) costs - the costs incurred in the day to day running of a business
• We will start next lesson by testing you on this!

Lesson resources

• Class notes on Costs, revenue, expenditure and profit
• Costs of different types of business
• Total costs worksheet
• Estimating costs homework
• TOTAL COSTS = FIXED COSTS + REVENUE

Lesson 2. we will look at understanding, defining and identifying the difference between fixed cost's and variable costs, direct and indirect costs and total costs.

We will also consider revenue and profit.  The formulae will not be given to you in the exam so you will need to remember these once you have been taught them.

• Revenue = Price per item x No of items sold
• Profit = Total Revenue - Total Costs
• Profit activities worksheet
• Additional profit activities
  

Good luck and enjoy

Mr T

When is the best time to start revising for your GCSE exams?

The link here is well worth a watch !

Mr T

Using Code On BBC Micro Bits

Dear Year 7 Coders

Our next lesson has a variety of projects to work on.

 

Who will be the first to create:

 

Coding for a thermometer

 

https://makecode.microbit.org/reference/input/temperature

 

Code for a dice

 

https://www.101computing.net/bbc-microbit-roll-the-dice/

 

 

Coding for a Compass

 

https://www.101computing.net/bbc-microbit-digital-compass/

 

Other Code Club Projects

 

https://codeclubprojects.org/en-GB/microbit/

 

For those that wish to push their coding skills further try using the Python Editor which you can access from the link below

 

https://microbit.org/code/

 

 Enjoy

 

Mr T

 

P5 Unit 8 Long Haul Travel Destinations

P5 Plan a multi centre long haul tour to meet a given UK visitor profile, showing sources used

A country or tourist area should be chosen for P5 and I would suggest that you pick South East Asia as there is so much to see and do.

You have been given a very fun brief in the assignment.  Your multi centre tour needs to contain at least four centres.  A centre is a main stop within the itinerary.

The tour should be presented as an itinerary and should include transport arrangements to and from the UK and between the four centres.

It should also include details of accommodation used en route and at each centre any car hire, excursions or trips that are pre-booked as well as any attractions that you include and any events that are available to the visitors at that time of year at each centre.

This tour needs to be unique and constructed personally by you.

It should not be copied in part from any existing tour or available today in a brochure or online.

Evidence of research

This challenge expects you to provide a list of evidence (sources) of your research which should be included with this work as a separate bibliography to support this achievement . The bibliography should be referenced in the learners work.  Any research used must be edited into your own words

The Customer Brief

This can be found in the assignment and includes the visitor profile, budget, motivation for the trip, visitor type and restrictions.  Although we don't need a detailed costing you will need to consider the cost when choosing the accommodation or transport and when creating.

M3 Independently plan a detailed multi centre tour, clearly justifying selections for the specified visitor profile

To achieve M3 you need to justify the choices that you have made for all aspects of the planned tour and referring back to the visitor profile.  This could be done verbally or in written format but verbally would require a recording and a witness statement


.Plan of action

1. Go East! to somewhere that 21-28 days will be interesting and exciting
2. Sort flights first - can you get to these places?
3. Then add hotels to meet needs of the couple
4. Now add activities, time out, sightseeing, day trips, rest days
5. Ensure the itinerary is in day by day order
6. Job done!

Thought for the Day - Time, Attention and Care

Dear Year 10


As we leave our friends behind to focus on Easter can todays thought for the day be on




Time, to reflect on what went well this term and what can be better next.




Attention, are you a person who has learnt about the importance of detail or do you push to make sure that you invest the time to make the attention to everything a priority?




Finally CARE, its the pillars of our society for a reason and as Ofsted noted, it helps us drive our moral compass.


Spend today discussing where you are with the above and more importantly where you would like to be so that your focus for the rest of year 10 is HOW YOU WILL GET THERE.


Happy Friday and sorry you didn't get an Easter card by hand so watch out as ill get it to you somehow before Easter.


Oh and thanks for being the best tutor group ever


Mr T

P4 Unit 8 Long Haul Travel Destinations

Describe features and facilities that contribute to the appeal of a selected long haul destination for the different types of visitors from the UK

For P4 a specific destination must be chosen.  I order to link the appeal to different visitor types you need to include a breadth iof information and a destination such as Sydney would work better than the Maldives for this challenge as it would appeal to a wider range of visitors.

All features contributing to the appeal of the chosen destination must be identified and described in detail to achieve P4

Accessibility must include as a minimum , methods of transport, their frequency and examples of cost and facilities together with a full description of attractions (natural, built,events, shopping, cultural), destination facilities (local transport, accommodation range and cost, other e.g. sport, entertainment , food and drink), positive and negative features of the climate that contribute to its appeal for different types of visitors, including leisure, business and other types of visitors identified in teh assignment brief.

M2 Assess the significance of different features and facilities o the appeal of a selected long haul destination for different types of visitors from the UK

For M2 the different features and facilities of the chosen destination must be clearly idntified. The significance of these to its popularity and appeal should be reviewed.  This may involve researching visitor numbers to support your assessment.  commenting on how these visitors numbers to a specific destination have increased since significant new attractions, investment  or major events were introduced.

D2 Evaluate how the selected destination has capitalised on its features and developed its facilities to attract different types of visitor s from the UK

For D2 these features and facilities must be clearly evaluated to show how the destination has capitalised on its features, such as climate, natural attractions and developed its facilities to attract different types of visitors.  This is where selecting a suitable destination comes into play as destinations like Dubai and Las Vegas that have had massive planned development will provide greater scope for evaluation