» Understanding Specialist Language in Business Studies

LESSONS

OWNERSHIP AND CONTROL OF BUSINESS

• 7 THE PUBLIC GOOD? (1) This lesson explains the nature of the public sector, and explores the activities in which it is involved.
• 9 THE PUBLIC GOOD? (2) Continuing the work of the previous lesson, this sheet explores the idea of privatisation, and the effects it has had.
• 11 TAKING THE RISK Students investigate the notion of being an entrepreneur.
• 13 NO RISK BUSINESS? Students explore the concept of franchises by identifying the types of business involved.

AIMS AND OBJECTIVES OF BUSINESS

• 15 FOR WHOSE BENEFIT? (1) Students define monopolies. They look at the work of the Competition Commission.
• 17 FOR WHOSE BENEFIT? (2) Who are the stakeholders in an organisation? What interests do they have, and how are these met?
• 19 DECISIONS, DECISIONS! Examines the nature of decisions faced by business, and shows how these may be categorised as strategic, tactical or operational.
• 21 REALISTIC OBJECTIVE This lesson looks at the concepts of maximisation and satisficing as they apply to business.

MANAGEMENT OF PEOPLE WITHIN A BUSINESS

• 23 FAIR FOR ALL? This sheet looks at contracts of employment, and explores some of the provisions such contracts are likely to contain.
• 25 THE RIGHT PERSON Students look at the realities involved in the division of labour and FOR THE JOB? see how delegation works.
• 27 WHO'S RESPONSIBLE Hierarchical chains of command are explored, using school as an example.
• 29 WHAT'S IN IT FOR ME? Motivation is discussed, with students arriving at the idea that a lot more than money may be involved in job satisfaction.

THE FINANCE OF BUSINESS

• 31 COUNTING THE COST By working through a practical example students grasp the idea of fixed and variable costs as experienced by business.
• 33 THE NEXT STEP? This sheet looks at the various different sources of finance that businesses can employ for expansion.
• 35 THE REVENUE STREAM Students learn how businesses make money through different sources of income by working through a realistic model.
• 37 THE BREAK-EVEN POINT With the aid of spreadsheets, students arrive at an understanding of break-even points and how these may be calculated.

MARKETING

• 39 EYE-CATCHING Explores the nature of product advertising, and how this is tailored to particular products and audiences.
• 41 IS ALL PUBLICITY GOOD PUBLICITY? The role of public relations is examined, and the aims and outcomes of corporate PR departments analysed.
• 43 SPOILT FOR CHOICE Students discover the concept of market segmentation, and see how this works in practice, in relation to various products.
• 45 WANTS OR NEEDS? The nature of consumer demand is discussed, with students distinguishing between wants and needs.

PRODUCTION

• 47 PRODUCTION METHODS The three basic methods of production are introduced, as students identify products generated by each of them.
• 49 GET THE SIZE RIGHT This sheet explains the idea of economies of scale, and shows how these can work in practice.
• 51 QUALITY ISSUES Students explore the ideas of quality control and quality assurance and then apply these concepts to hypothetical business situations.
• 53 PERFORMANCE INDICATORS Introduces the concepts of productivity, profitability, activity and turnover and shows how these work in three practical examples.

THE EXTERNAL ENVIRONMENT OF BUSINESS

• 55 IS THIS PROGRESS? This lesson considers the vital importance of a good transport infrastructure to business success.
• 57 BUYER BEWARE! Introduces students to the idea of consumer protection and explores the rights we have.
• 59 HOME AND AWAY This topical sheet looks at the impact our membership of the EU has on business in the UK.
• 61 IT SHOULDN'T BE ALLOWED! Students explore the external costs and benefits to society that might be generated by various construction projects.

Additional Resources: Online Assessment

Preview tests forBusiness Activity andProfit and Loss delivered via our Yacapaca assessment system.

These tests are part of a larger assessment resource which can be foundhere.