GCSE Revision

GCSE RevisionBusiness & its Environment

Run up to exam.

1. Week 18th – 22nd April

2. Week 25th – 29th April

3. Week 3rd – 6th May4. Week 9th – 13th May5. Week 16th – 20th

May

1. Business & It’s Environment.

2. Human Resources.

3. Finance & Accounting.

4. Marketing.5. Production &

Operations.

Correctly identify which of the following businesses offer Goods or Services:

Ford Levi Museum

Alton Towers Pepsi DVD rental shop

Local hairdressers Cadbury Sony

Nike Supermarket Taxi company

Restaurant Estate Agent Microsoft

Business & its Environment Topics:Business Activity

Business Aims & Objectives

Stakeholders

Business Ownership

Organisational structure

Private vs Public Sector

Opportunity Cost

Complete the circle diagram for a new business

Long term aims Short term

aims

Stakeholders are people who are interested in the business. Stakeholders are interested for many different reasons.

CompetitorsBank

Local People

Suppliers

Employees

Owners/Shareholders

Managers

Government

Stakeholders

Complete the Diagram. Explain WHY each stakeholder is interested

There are 6 different types of business:

•Sole Trader

•Partnership

•Private Limited Company (Ltd)

•Public Limited Company (Plc)

•Co-operative

•Franchise Task: Using the Grid given. Identify the main characteristics of the 6 legal structures.

Task: Use the descriptions you are given to identify what type of business it is.

Public Sector – Organisations owned by the government, paid for by taxes, usually public services e.g. schools, councils.

Private Sector – Private companies which raise their own funds e.g. Plc, Partnership etc.

Task: Identify which of the following organisations belongs to the Public or Private sector:

Public Sector

Public Sector

Defence National Industries

Bank of England

Holiday Inn

Burtons BBC Pepsi Fenwick'sWoolworth's Gregg's McDonalds Post OfficeNHS Sky TV Pringles

(P&G)Odeon

MeansThe next best alternative……

E.g Would it have been more financially productive to build houses on the field instead of having playing fields?

Activity: Imagine you have £50 to spend this weekend. You have decided to spend this on clothes. What is the opportunity cost to you? i.e. how else could you have spent your money?

Homework…..