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GCSE Revision

GCSE Revision. Business & its Environment. Run up to exam. Week 18 th – 22 nd April Week 25 th – 29 th April Week 3 rd – 6 th May Week 9 th – 13 th May Week 16 th – 20 th May. Business & It’s Environment. Human Resources. Finance & Accounting. Marketing.

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GCSE Revision

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  1. GCSE Revision Business & its Environment

  2. Run up to exam. • Week 18th – 22nd April • Week 25th – 29th April • Week 3rd – 6th May • Week 9th – 13th May • Week 16th – 20th May • Business & It’s Environment. • Human Resources. • Finance & Accounting. • Marketing. • Production & Operations.

  3. Goods and Services Bellwork Correctly identify which of the following businesses offer Goods or Services:

  4. Business & its Environment Topics: Business Activity Business Aims & Objectives Stakeholders Business Ownership Organisational structure Private vs Public Sector Opportunity Cost

  5. Business Aims & Objectives Complete the circle diagram for a new business Long term aims Short term aims

  6. Stakeholders Stakeholders are people who are interested in the business. Stakeholders are interested for many different reasons. Government Bank Competitors Suppliers Local People Stakeholders Employees Managers Complete the Diagram. Explain WHY each stakeholder is interested Owners/Shareholders

  7. Legal Structure • 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.

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

  9. The Public and Private Sector Organisations 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. Public Sector Task: Identify which of the following organisations belongs to the Public or Private sector: Public Sector

  10. Opportunity Cost Means The 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?

  11. Organisational Structure

  12. Organisational Structure Homework…..

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