Understanding Specialist Language in Business Studies

Price: £25.00
Age Range: KS4

Covering the main segments of the GCSE syllabus and aimed at lower ability candidates, worksheets focus on a range of commonly misinterpreted or misused business terms. Activities challenge misconceptions and encourage students to define and use specialist terms in their correct context. Teachers' Notes contain assessment ideas.

Sections include: Business ownership and control; Business aims and objectives; Management of people; Finance; Production; Marketing; The external environment.

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Size: 61 Pages
ISBN: 978 1 86025 293 8
Author(s): Gill Beldon
Code: USLB
Popularity rank: 274

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Contents List

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.