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Business

Business in Year 9

 

Purpose of the year

  • to introduce students to Business Activity
  • to give them a flavour of what KS3 Business is about
  • to enable them to develop the skills that will be expected and required at KS4

 

Term 1

Term 2

Term 3

What students will learn

The Nature of Business Activity – Business Activity, Resources and Outputs, Interdependent nature of Business

 

Goods and Services – the business environment, local, national and global networks, identifying opportunities

Business Enterprise – Entrepreneurship, Risks and Rewards, Start-ups

 

Business Planning – Creating a business plan, Problems with Business Planning

 

Business Aims and Objectives – Purpose Aims and Objectives

Business Ownership – Sole Traders, Partnerships, Limited Companies, PLCs.

 

Business Growth – Internal growth, External Growth, Franchises, Mergers and Acquisitions

Key assessments

Spotify Case Study –

a) Analyse the activities of the different functions of Spotify

b) To what extent do you think the environment of the music industry can be described as dynamic?

Fatface Case Study – Analyse reasons why people start a business.

Business Insight: Shell – Analyse factors that affect the profits of Shell

Unilever Case Study – Discuss Unilever’s view that a long-term stakeholder policy can benefit business

Business Insight – Poundland and Steinhoff International

a) Discuss the benefits and drawbacks of the acquisition

b) Is takeover a better way to grow than internal growth. Justify your answer.

Key vocabulary:

10 essential words for students to be able to spell, explain and use

  • Resources
  • Output
  • Durable
  • Non-Durable
  • Functions
  • Interdependent
  • Globalisation
  • Dynamism
  • Factors
  • Enterprise
  • Entrepreneur
  • Social Enterprise
  • Finances
  • Risks and uncertainty
  • Profit
  • Revenue
  • Market Share
  • Ethics
  • Sole Trading
  • Partnership
  • Internal Growth
  • External growth
  • Franchising
  • Merger
  • Acquisitions
  • Outsourcing
  • Conglomerate Integration

Skills

  • Analytical writing
  • Making Judgements
  • Evaluation
  • Discussion skills
  • Sentence starters
  • Applied Mathematics
  • Analytical writing
  • Making Judgements
  • Evaluation
  • Discussion skills
  • Sentence starters
  • Applied Mathematics
  • Analytical writing
  • Making Judgements
  • Evaluation
  • Discussion skills
  • Sentence starters
  • Applied Mathematics

Additional Resources

GCSE Pod, GCSE Bitesize, Daydream Education Revision Guide

How parents can help

 

  • Parents can help by actively encouraging their children to engage in discussions about the world of business.
  • It would also be extremely helpful if parents could ensure access to Business Industry publications.

Extra-curricular opportunities & visits

 

Trips to a Local Businesses

Trips to National Businesses

Guest speakers from the world of Business

Homework expectations

 

At least one hour’s homework each week. Parents are expected to sign weekly to verify this.

Business in Year 10

 

Purpose of the year

  • to develop on the understanding of  Business Activity
  • to look in detail on influences in Business and Business Operations
  • to further develop the skills that will be expected and required for final assessment

 

Term 1

Term 2

Term 3

What students will learn

Technological influence on Business Activity – Technological advances CAD & CAM, e-commerce & m-commerce, digital and social media, advantages & disadvantages

Ethical influence – ethics, social responsibility, ethics and profits.

Environmental influence – Costs, pollution, finite resources and response

Economic Influence – Economic climate and factors, consumer income, interest rates & taxes, economy of Wales

 

Globalisation – International trade, global brands, trade barriers,

 

Impact of Legislation – Constraints &responsibilities, consumer law, copyright

Methods of Production – batch production, mass/flow production, quality assurance, Supply chain.

 

Sales process – analysing data, good customer service, External Growth, Franchises, Mergers and Acquisitions

Key assessments

Business Insight: Arran Aromatics –

a) Analyse how their website helps the business to advertise its products.

Case Study: Amazon’s Dash buttons: Discuss the advantages and disadvantages

Business Insight: NEXT PLC’s ethical policy  – Explain why NEXT use ethical policies.

 

Business insight: rise of new car sales v reduced interest rates – Analyse reasons why 2015/16 saw record sales levels.

Business Insight: Starbucks– Analyse why Starbucks is suitable to operate as a multinational

Case Study: TATA Steel – Has Globalisation benefitted TAT Steel?

Business Insight – Samsung Galaxy S7

Analyse the possible costs to Samsung of the problems with the S7.

Business Insight – Rachel’s Organic

Explain why choosing the right suppliers is important

Case Study / The Excelsior

How could hotels improve customer services and poor reviews?

Key vocabulary:

10 essential words for students to be able to spell, explain and use

  • Ethics
  • Social Responsibility
  • Ethics
  • Stability
  • Attraction
  • Finite resources
  • Climate Change
  • External Costs
  • Sustainability
  • Stock
  • Recruitment
  • Social Enterprise
  • Promotion
  • E-Commerce
  • M-Commerce
  • Digital media
  • Fair Trade
  • Renewables
  • Batch Production
  • Flow Production
  • Procurement
  • Logistics
  • Engagement
  • After-sales servicing
  • Premises
  • Economies of Scale
  • Brand loyalty

Skills

  • Analytical writing
  • Making Judgements
  • Evaluation
  • Discussion skills
  • Sentence starters
  • Applied Mathematics
  • Analytical writing
  • Making Judgements
  • Evaluation
  • Discussion skills
  • Sentence starters
  • Applied Mathematics
  • Analytical writing
  • Making Judgements
  • Evaluation
  • Discussion skills
  • Sentence starters
  • Applied Mathematics

Additional Resources

GCSE Pod, GCSE Bitesize, Daydream Education Revision Guide

How parents can help

  • Parents can help by actively encouraging their children to engage in discussions about the world of business.
  • It would also be extremely helpful if parents could ensure access to Business Industry publications.  

Extra-curricular opportunities & visits

 

Trips to a Local Businesses

Trips to National Businesses

Guest speakers from the world of Business

Homework expectations

 

At least one hour’s homework each week. Parents are expected to sign weekly to verify this.

Business in Year 11

Purpose of the year

  • to develop on the understanding of  Business Activity
  • to look in detail on influences in Business and Business Operations
  • to further develop the skills that will be expected and required for final assessment

 

Term 1

Term 2

Term 3

What students will learn

Finance – Sources of finance, revenue and costs, ratios, cash flow, finances.

Statements – profit and loss accounts, income statements, interpretation.

Financial Performance – Financial data, analysing data, investment decisions.

Marketing – Identifying and understanding customers, segmentation, Market research

Marketing Mix – 5Ps, Product differentiation and design, pricing strategies,

Place & Promotion – Types of activity, factors influencing promotional activities, distribution channels

 

Human Resources – recruitment, the selection process, job vacancies and descriptions, shortlisting, references

Methods of recruitment – internal advertising, external advertising, recruitment agencies

Training – improving customer service, reducing wastage, legislation, creating employee opportunities, different training methods

Key assessments

Business Insight: Liverpool FC’s record profits –a) Analyse the advantages and disadvantages to LFC of using its profits as a source of finance to buy new players.

Case Study: Nigel’s Honey: Calculate profit/loss, explain revenue, evaluate adviceadvice.

Business Insight: Cathedral Bookshop’s Cash Flow forecast – Complete the cash flow forecast, discuss differences between forecasts and actual statements.

 

Case study: BHS – Evaluate the reasons why BHS lost its competitiveness.

Business Insight: Innocent’s Market Research– Explain and evaluate what form of market research is being used by Innocent Smoothies

Business Insight: Ryanair’s approach to pricing – Analyse the factors that might influence the price Ryanair sets for its flights.

Business Insight: Virgin Group’s Horrible Day

Explain one way in which the Virgin group motivates employees.

Business Insight: Amazon’s Robots –

Explain why Amazon’s use of robots might affect the company’s needs to train its workers.

Case Study: Swaledale Hotel Group – How could hotels improve customer services and poor reviews?

Key vocabulary:

10 essential words for students to be able to spell, explain and use

  • Finance sources
  • Interest
  • Capital
  • Assets
  • Liabilities
  • Revenue
  • Cost of sales
  • Fixed / Variable costs
  • Break-even
  • Sales Volume
  • Sales value
  • Market Growth
  • Segmentation
  • Primary Research
  • Secondary Research
  • Marketing Mix
  • Product Life Cycle
  • Extension Strategies
  • Productivity
  • Retention
  • Headhunting
  • CV
  • Aptitude Testing
  • Psychometric Testing
  • Absenteeism
  • Fringe Benefits
  • Job enrichment

Skills

  • Analytical writing
  • Making Judgements
  • Evaluation
  • Discussion skills
  • Sentence starters
  • Applied Mathematics
  • Analytical writing
  • Making Judgements
  • Evaluation
  • Discussion skills
  • Sentence starters
  • Applied Mathematics
  • Analytical writing
  • Making Judgements
  • Evaluation
  • Discussion skills
  • Sentence starters
  • Applied Mathematics

Additional Resources

GCSE Pod, GCSE Bitesize, Daydream Education Revision Guide

How parents can help 

  • Parents can help by actively encouraging their children to engage in discussions about the world of business.
  • It would also be extremely helpful if parents could ensure access to Business Industry publications.

Extra-curricular opportunities & visits 

Trips to a Local Businesses

Trips to National Businesses

Guest speakers from the world of Business

Homework expectations

 

At least one hour’s homework each week. Parents are expected to sign weekly to verify this.