SAMPLE RESOURCE. Get up and group

Transcription

1 business Get up and group Resources for Courses Teacher Instructions These activities are best done as a plenary once a topic has been taught, or used as a starter in the following lesson, to see what information students have retained. Alternatively, they could be used as a revision activity several weeks after studying a topic. Each student in the class is given a card. They must stand up and group together with other students holding cards they think their card connects to. If students are struggling, the teacher can reveal the size of group students should expect. The teacher can reveal the answers and check everyone is in the correct group. There are then suggested tasks students can do once in their appropriate groups. If there are spare cards, these can be placed at the front for students to collect to see if any belong with them. Alternatively, these cards could be cut and given to each pair of students and used as a traditional card sort activity.

2 Theme 1 Demand and supply Tell students these are from the point of view of BMW cars Shift right in demand Shift right in supply Average incomes in the UK rise by 5% Labour productivity increases in BMW car factories get up and group card / theme 1 demand and supply BMW launches a successful advertising campaign Shift left in demand Shift left in supply Interest rates increase There are increased environmental legislation for the production of cars get up and group card / theme 1 demand and supply BMW implicated in emissions scandal BMW invest in a new range of super-efficient robots to help the production process There are increases in the national minimum wage in Germany where many BMWs are produced

3 The UK population increases in size Increased congestion on Britain s roads Some components are sourced from America and then used in their German factory. The dollar weakens. Lower oil prices means lower petrol prices Lower oil prices reduces petrol prices Public transport suffers from further falls in quality A scrappage scheme means the government will pay 3000 for consumers to scrap their old diesel cars Rubber and steel increase in price on world markets More cities start a congestion charge scheme Motivation of BMW employees falls Audi win Car of the Year The Citeron C1, Peugeot 108 and Toyota Aygo cut their prices by 15%

4 Theme 1 Revision Mapping Availability of substitutes Cost plus Segmentation Skimming Introduction Research Development Branding How differentiated a product is Penetration Growth

5 Share Predatory Percentage of customers income the product takes up Maturity Niche Competitive Mix Psychological Addictive Decline Essential Extension strategy

6 Theme 2 Sources of finance Family and Friends Internal e.g. a parent s savings Internal Retained profit Internal Not possible for a brand new business as there are no past profits Sale of assets Only effective if assets are unused Crowd funding Modern internet based method of gaining small amounts of finance from multiple individual investors

7 Share capital Means dividends will need to be paid in the future Bank loan Overdraft Allows a business to spend more than is in its bank account. Needs to be pre-agreed with the bank. May not be possible unless the business has collateral Leasing Renting capital goods required e.g. machinery or vehicles Trade credit

8 A business gets raw materials or equipment now but pays the supplier at a later date Grants May be from the government or charities who aim to help entrepreneurs Venture capital Provision of funds to early stage businesses with high growth potential

9 Theme 2 Finance Formulae Break-even point Fixed costs Contribution per unit Contribution per unit Sales revenue Price x Quantity Sold Gross Profit Price Variable cost per unit Margin of safety Number of units sold Number of units needed to sell to break-even Revenue Cost of sales Operating profit Gross profit Other operating expenses

10 Profit for the year Operating profit Interest Gross profit margin Gross profit Revenue x 100 Operating profit margin Net profit margin Current ratio Acid test ratio Operating profit Revenue Net profit Revenue x 100 x 100 Current assets Current liabilities Current assets-inventory Current liabilities