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Subject Units
Lesson Box units follow the LEARN, EXPLORE, REVISE & TEST pathway with interactive presentations, keyword exercises, tasks, discussion or Q&A topics, revision summary, games, quizzes and tests.
Why do I need accounts? Who cares about our accounts? The Accounts. The Trading Accounts. Profit and Loss Account. The Balance Sheet. Originals Balance Sheet Example. Balance Sheet Terms. Checking Performance. ROCE. Current Ratio. Acid Test Ratio. Cash Flow. The Business Plan.
Wants and needs as the basis of industry. The differences between rich and poor. Supplying our wants and needs. Business and its market. Market types. Market forces. Factors of production. Scarcity. Types of production. Changes in the U.K. Chains of production.
Choosing a location. Location factors. First considerations. Impact of transport change. Primary location. Secondary location. The market influence. External economies of scale. Labour supply. Choosing a site. Possible locations. Government help. The decision.
Going into business. Types of business. Sole trades. Partnerships. Cooperatives. Franchises. Limited companies. Plc’s. The public sector. Why a business succeeds.
What is communication? Types of Communication. The Written Message. What is good communication? Why does communication sometimes fail? Examples of communication methods. Holiday Entitlement Changes! A Big Order. Why have profits fallen? Data Required. What are the benefits of web sites?
The economic problem. Opportunity costs. The planned economy. The market economy. Mixed economies. Transport examples of each economy type e.g. The Channel Tunnel. The Union Pacific and Amtrak. Transport in China. Nationalisation. Privatisation. Government funding. Government spending and business. Measuring the economy.
Government policy and business. Public spending. Monetary policy. Inflation and business. Taxation and business. Exchange rates .and trade. Tariffs, subsidies and restrictions. Business and the law. Monopolies. Consumer rights. Outside influences and responsibilities. Social trends and attitudes. Green and ethical issues.
Will my business be a success? What are the costs? Direct and Indirect Costs. Fixed and Variable Costs. The Breakeven Point. Revenue Expenditure, Originals Example. Summary of costs for Originals. Plotting Breakeven Point. Calculating Breakeven Point. How useful is breakeven point?
The four p’s. The product. Product branding. Own brand products. Product life cycle. Extending product life. Pricing. E-commerce. Promotion. Customer service. Place.
Motivation at Work. How much should you be paid? Wages & Salaries. Manual Work. Perks of the Job. The Wage Slip. Motivating Staff. Changes in Employment. The Flexible Workforce.
Business objectives. Scale. Growth of a business. Margins. Profit. Growth. Economies of scale. Diseconomies of scale. External economies of scale. Growth. Different types of mergers.
Why organise? Functional Organisation. Dividing Responsibility. What do the main departments do? Hierarchy. Advantages of a Hierarchy. Hierarchical Systems Have Problems. Other Ways to Organise. New Ways to Organise.
Developing a product. Finding the market. Kinds of market. Market segments. Market features. What customers want. Survey methods. Types of data. Using sales data.
Manging production. The Boston matrix. Methods of production. Job production. Batch production. Flow production. Problems of mass production. New technology in production. Qualities of industrial robots. Other improved methods. Improving quality. Research and development.
Why Recruit? External Recruitment. The Advertisement. Finding the Best Applicants. The Written Application. Methods of Selection. The Contract of Employment. The Value of Training. Types of Training. Trade Unions. Reducing Trade Union Power. Industrial Action. New Style Agreements.
Where does the money come from? Internal Sources. Depreciation. External Source of Finance. Additional Sources of Finance for Limited Companies. Interest Payments. External Sources of Finance for plc’s. Additional Sources of Finance for plc’s. Selling Shares. Other Considerations. Medium Term and Long-Term Finance. Cash Flow.
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