Suche senden
Hochladen
Unit 2: Excellent revision aid..a must for all students
âą
7 gefÀllt mir
âą
8,744 views
M
mattbentley34
Folgen
Business
Technologie
Melden
Teilen
Melden
Teilen
1 von 6
Jetzt herunterladen
Downloaden Sie, um offline zu lesen
Empfohlen
Government Intervention in Takeovers and Mergers
Government Intervention in Takeovers and Mergers
tutor2u
Â
Government subsidies
Government subsidies
mattbentley34
Â
Externalities
Externalities
Gale Pooley
Â
21.2 The Budgeted Cash Flow Statement
21.2 The Budgeted Cash Flow Statement
VCE Accounting - Michael Allison
Â
[wacc] weighted average cost of capital
[wacc] weighted average cost of capital
AnuragMathur35
Â
Sources of working capital
Sources of working capital
Malathi Selvakkumar
Â
Making Investment Decisions (introduction)
Making Investment Decisions (introduction)
tutor2u
Â
B plan candle making business
B plan candle making business
Sandeep Jadagoud
Â
Empfohlen
Government Intervention in Takeovers and Mergers
Government Intervention in Takeovers and Mergers
tutor2u
Â
Government subsidies
Government subsidies
mattbentley34
Â
Externalities
Externalities
Gale Pooley
Â
21.2 The Budgeted Cash Flow Statement
21.2 The Budgeted Cash Flow Statement
VCE Accounting - Michael Allison
Â
[wacc] weighted average cost of capital
[wacc] weighted average cost of capital
AnuragMathur35
Â
Sources of working capital
Sources of working capital
Malathi Selvakkumar
Â
Making Investment Decisions (introduction)
Making Investment Decisions (introduction)
tutor2u
Â
B plan candle making business
B plan candle making business
Sandeep Jadagoud
Â
Maximum & Minimum prices
Maximum & Minimum prices
Hugo OGrady
Â
Process Costing
Process Costing
karen_rod
Â
Audit Of Liabilities
Audit Of Liabilities
Gorani & Associates
Â
SAK Entitas Privat 8 Sept.pdf
SAK Entitas Privat 8 Sept.pdf
AquHaddi
Â
Joint cost ppt
Joint cost ppt
swati sharma
Â
Edexcel ial-business-studies-unit-2
Edexcel ial-business-studies-unit-2
RAJAB WANJALA
Â
Cost accounting
Cost accounting
Akshay Sonar
Â
Cost accounting
Cost accounting
Deepika Tomar
Â
Introduction to cost accounting
Introduction to cost accounting
SteffiRozario
Â
2.4 Market Failure
2.4 Market Failure
Andrew McCarthy
Â
A presentation on joint product and by product costing
A presentation on joint product and by product costing
Jyotisman Das Mohapatra
Â
Business and Exchange Rates
Business and Exchange Rates
tutor2u
Â
Joint venture
Joint venture
Bdb Bhatt
Â
Balance sheet problems
Balance sheet problems
Aswin prakash i , Xantus Technologies
Â
Finance - Measuring and Improving Profit
Finance - Measuring and Improving Profit
tutor2u
Â
Business plan candle wonders.ppt
Business plan candle wonders.ppt
Siddharth V
Â
Philippine SMEs
Philippine SMEs
Jo Balucanag - Bitonio
Â
Budgetary Control
Budgetary Control
Ojas Narsale
Â
Notes on Cost volume profit analysis
Notes on Cost volume profit analysis
Yamini Kahaliya
Â
Strategic View of BP
Strategic View of BP
Timothy Boylan
Â
Business unit 1
Business unit 1
Laura Powell
Â
Unit 1: Excellent revision aid..a must for all students
Unit 1: Excellent revision aid..a must for all students
mattbentley34
Â
Weitere Àhnliche Inhalte
Was ist angesagt?
Maximum & Minimum prices
Maximum & Minimum prices
Hugo OGrady
Â
Process Costing
Process Costing
karen_rod
Â
Audit Of Liabilities
Audit Of Liabilities
Gorani & Associates
Â
SAK Entitas Privat 8 Sept.pdf
SAK Entitas Privat 8 Sept.pdf
AquHaddi
Â
Joint cost ppt
Joint cost ppt
swati sharma
Â
Edexcel ial-business-studies-unit-2
Edexcel ial-business-studies-unit-2
RAJAB WANJALA
Â
Cost accounting
Cost accounting
Akshay Sonar
Â
Cost accounting
Cost accounting
Deepika Tomar
Â
Introduction to cost accounting
Introduction to cost accounting
SteffiRozario
Â
2.4 Market Failure
2.4 Market Failure
Andrew McCarthy
Â
A presentation on joint product and by product costing
A presentation on joint product and by product costing
Jyotisman Das Mohapatra
Â
Business and Exchange Rates
Business and Exchange Rates
tutor2u
Â
Joint venture
Joint venture
Bdb Bhatt
Â
Balance sheet problems
Balance sheet problems
Aswin prakash i , Xantus Technologies
Â
Finance - Measuring and Improving Profit
Finance - Measuring and Improving Profit
tutor2u
Â
Business plan candle wonders.ppt
Business plan candle wonders.ppt
Siddharth V
Â
Philippine SMEs
Philippine SMEs
Jo Balucanag - Bitonio
Â
Budgetary Control
Budgetary Control
Ojas Narsale
Â
Notes on Cost volume profit analysis
Notes on Cost volume profit analysis
Yamini Kahaliya
Â
Strategic View of BP
Strategic View of BP
Timothy Boylan
Â
Was ist angesagt?
(20)
Maximum & Minimum prices
Maximum & Minimum prices
Â
Process Costing
Process Costing
Â
Audit Of Liabilities
Audit Of Liabilities
Â
SAK Entitas Privat 8 Sept.pdf
SAK Entitas Privat 8 Sept.pdf
Â
Joint cost ppt
Joint cost ppt
Â
Edexcel ial-business-studies-unit-2
Edexcel ial-business-studies-unit-2
Â
Cost accounting
Cost accounting
Â
Cost accounting
Cost accounting
Â
Introduction to cost accounting
Introduction to cost accounting
Â
2.4 Market Failure
2.4 Market Failure
Â
A presentation on joint product and by product costing
A presentation on joint product and by product costing
Â
Business and Exchange Rates
Business and Exchange Rates
Â
Joint venture
Joint venture
Â
Balance sheet problems
Balance sheet problems
Â
Finance - Measuring and Improving Profit
Finance - Measuring and Improving Profit
Â
Business plan candle wonders.ppt
Business plan candle wonders.ppt
Â
Philippine SMEs
Philippine SMEs
Â
Budgetary Control
Budgetary Control
Â
Notes on Cost volume profit analysis
Notes on Cost volume profit analysis
Â
Strategic View of BP
Strategic View of BP
Â
Andere mochten auch
Business unit 1
Business unit 1
Laura Powell
Â
Unit 1: Excellent revision aid..a must for all students
Unit 1: Excellent revision aid..a must for all students
mattbentley34
Â
GCSE Sociology - Theoretical approaches
GCSE Sociology - Theoretical approaches
Rachel Jones
Â
Revision
Revision
mr_uddin
Â
Business unit 2
Business unit 2
Laura Powell
Â
Unit 1 topic 1 revision
Unit 1 topic 1 revision
James Jeffery
Â
Andere mochten auch
(6)
Business unit 1
Business unit 1
Â
Unit 1: Excellent revision aid..a must for all students
Unit 1: Excellent revision aid..a must for all students
Â
GCSE Sociology - Theoretical approaches
GCSE Sociology - Theoretical approaches
Â
Revision
Revision
Â
Business unit 2
Business unit 2
Â
Unit 1 topic 1 revision
Unit 1 topic 1 revision
Â
Ăhnlich wie Unit 2: Excellent revision aid..a must for all students
Unit 4: Excellent resource bank
Unit 4: Excellent resource bank
mattbentley34
Â
Effective day-to-day category management by BearingPoint
Effective day-to-day category management by BearingPoint
Jari Laine
Â
kurt salmon white paper consumer driven product development
kurt salmon white paper consumer driven product development
Kurt Salmon
Â
Progressive Management Program by ECR Europe Brochure 2010
Progressive Management Program by ECR Europe Brochure 2010
ECR Community
Â
Category management day 2-day
Category management day 2-day
Utai Sukviwatsirikul
Â
Sales & Marketing capability
Sales & Marketing capability
GerardPHealy
Â
EMC Perspective: Big Data Transforms the Life Science Commercial Model
EMC Perspective: Big Data Transforms the Life Science Commercial Model
EMC
Â
Entrepreneur 4: Business Strategies & Rapid Growth Strategies
Entrepreneur 4: Business Strategies & Rapid Growth Strategies
Bernard Leong
Â
Roadmapping and Product Line Planning
Roadmapping and Product Line Planning
The Adept Group Limited, Inc.
Â
Introduction to the Core P3M Data Model and Business Integrated (P3M) Governance
Introduction to the Core P3M Data Model and Business Integrated (P3M) Governance
David Dunning
Â
Strategic Planning Paper 7 2009
Strategic Planning Paper 7 2009
Michael Raftery
Â
Strategic Planning Paper 7 2009
Strategic Planning Paper 7 2009
Michael Haessly - SSBB, CQE, CRE, CQM, CSQE, CQA
Â
Adaptation Of Innovation Models To Emerging Markets
Adaptation Of Innovation Models To Emerging Markets
MoonSoup, Inc.
Â
Adaptation Of Innovation Models To Emerging Markets
Adaptation Of Innovation Models To Emerging Markets
MoonSoup, Inc.
Â
Progressive Management Programme 2011
Progressive Management Programme 2011
ECR Community
Â
Cbe session 1
Cbe session 1
Animeshnift
Â
Marketing Agility: A Brand Point Management Perspective
Marketing Agility: A Brand Point Management Perspective
Schawk, Inc.
Â
Production & Operation Management Chapter19[1]
Production & Operation Management Chapter19[1]
Hariharan Ponnusamy
Â
Fundamentals of manufacturing excellence
Fundamentals of manufacturing excellence
MAHESH BALAN
Â
Star cement[www.writekraft.com]
Star cement[www.writekraft.com]
WriteKraft Dissertations
Â
Ăhnlich wie Unit 2: Excellent revision aid..a must for all students
(20)
Unit 4: Excellent resource bank
Unit 4: Excellent resource bank
Â
Effective day-to-day category management by BearingPoint
Effective day-to-day category management by BearingPoint
Â
kurt salmon white paper consumer driven product development
kurt salmon white paper consumer driven product development
Â
Progressive Management Program by ECR Europe Brochure 2010
Progressive Management Program by ECR Europe Brochure 2010
Â
Category management day 2-day
Category management day 2-day
Â
Sales & Marketing capability
Sales & Marketing capability
Â
EMC Perspective: Big Data Transforms the Life Science Commercial Model
EMC Perspective: Big Data Transforms the Life Science Commercial Model
Â
Entrepreneur 4: Business Strategies & Rapid Growth Strategies
Entrepreneur 4: Business Strategies & Rapid Growth Strategies
Â
Roadmapping and Product Line Planning
Roadmapping and Product Line Planning
Â
Introduction to the Core P3M Data Model and Business Integrated (P3M) Governance
Introduction to the Core P3M Data Model and Business Integrated (P3M) Governance
Â
Strategic Planning Paper 7 2009
Strategic Planning Paper 7 2009
Â
Strategic Planning Paper 7 2009
Strategic Planning Paper 7 2009
Â
Adaptation Of Innovation Models To Emerging Markets
Adaptation Of Innovation Models To Emerging Markets
Â
Adaptation Of Innovation Models To Emerging Markets
Adaptation Of Innovation Models To Emerging Markets
Â
Progressive Management Programme 2011
Progressive Management Programme 2011
Â
Cbe session 1
Cbe session 1
Â
Marketing Agility: A Brand Point Management Perspective
Marketing Agility: A Brand Point Management Perspective
Â
Production & Operation Management Chapter19[1]
Production & Operation Management Chapter19[1]
Â
Fundamentals of manufacturing excellence
Fundamentals of manufacturing excellence
Â
Star cement[www.writekraft.com]
Star cement[www.writekraft.com]
Â
Mehr von mattbentley34
Slide 1 1mm - the basic economic problem
Slide 1 1mm - the basic economic problem
mattbentley34
Â
Why study economics 2019
Why study economics 2019
mattbentley34
Â
Behavioural economics key terms
Behavioural economics key terms
mattbentley34
Â
Behavioural economics extra resources
Behavioural economics extra resources
mattbentley34
Â
Behavioural economics
Behavioural economics
mattbentley34
Â
Jan 13
Jan 13
mattbentley34
Â
Edexcel practice paper 1 (b)
Edexcel practice paper 1 (b)
mattbentley34
Â
The labour market wage determination
The labour market wage determination
mattbentley34
Â
Specimen paper insert
Specimen paper insert
mattbentley34
Â
AQA - pecan-pie-ajim-planner
AQA - pecan-pie-ajim-planner
mattbentley34
Â
The Multiplier effect explained
The Multiplier effect explained
mattbentley34
Â
Economic review
Economic review
mattbentley34
Â
Model answers nationalism
Model answers nationalism
mattbentley34
Â
Edexcel A level economics exam advice
Edexcel A level economics exam advice
mattbentley34
Â
Monetary policy
Monetary policy
mattbentley34
Â
Model answers nationalism & Racialism
Model answers nationalism & Racialism
mattbentley34
Â
Voting systems in elections
Voting systems in elections
mattbentley34
Â
Political representation and democracy
Political representation and democracy
mattbentley34
Â
Political participation
Political participation
mattbentley34
Â
Political ideologies
Political ideologies
mattbentley34
Â
Mehr von mattbentley34
(20)
Slide 1 1mm - the basic economic problem
Slide 1 1mm - the basic economic problem
Â
Why study economics 2019
Why study economics 2019
Â
Behavioural economics key terms
Behavioural economics key terms
Â
Behavioural economics extra resources
Behavioural economics extra resources
Â
Behavioural economics
Behavioural economics
Â
Jan 13
Jan 13
Â
Edexcel practice paper 1 (b)
Edexcel practice paper 1 (b)
Â
The labour market wage determination
The labour market wage determination
Â
Specimen paper insert
Specimen paper insert
Â
AQA - pecan-pie-ajim-planner
AQA - pecan-pie-ajim-planner
Â
The Multiplier effect explained
The Multiplier effect explained
Â
Economic review
Economic review
Â
Model answers nationalism
Model answers nationalism
Â
Edexcel A level economics exam advice
Edexcel A level economics exam advice
Â
Monetary policy
Monetary policy
Â
Model answers nationalism & Racialism
Model answers nationalism & Racialism
Â
Voting systems in elections
Voting systems in elections
Â
Political representation and democracy
Political representation and democracy
Â
Political participation
Political participation
Â
Political ideologies
Political ideologies
Â
KĂŒrzlich hochgeladen
RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors Data
Exhibitors Data
Â
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Dipal Arora
Â
Call Now âïžđ 9332606886đ Call Girls †Service In Bhilwara Female Escorts Serv...
Call Now âïžđ 9332606886đ Call Girls †Service In Bhilwara Female Escorts Serv...
Anamikakaur10
Â
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon investment
Â
Organizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
Seta Wicaksana
Â
Russian Call Girls In Rajiv Chowk Gurgaon â€ïž8448577510 âčBest Escorts Service ...
Russian Call Girls In Rajiv Chowk Gurgaon â€ïž8448577510 âčBest Escorts Service ...
lizamodels9
Â
BAGALUR CALL GIRL IN 98274*61493 â€CALL GIRLS IN ESCORT SERVICEâ€CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 â€CALL GIRLS IN ESCORT SERVICEâ€CALL GIRL
kapoorjyoti4444
Â
Chandigarh Escorts Service đ8868886958đ JustđČ Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service đ8868886958đ JustđČ Call Nihal Chandigarh Call Girl...
Sheetaleventcompany
Â
JAYNAGAR CALL GIRL IN 98274*61493 â€CALL GIRLS IN ESCORT SERVICEâ€CALL GIRL
JAYNAGAR CALL GIRL IN 98274*61493 â€CALL GIRLS IN ESCORT SERVICEâ€CALL GIRL
kapoorjyoti4444
Â
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
uneakwhite
Â
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
Eric T. Tung
Â
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
Workforce Group
Â
Call Girls Kengeri Satellite Town Just Call đ 7737669865 đ Top Class Call Gir...
Call Girls Kengeri Satellite Town Just Call đ 7737669865 đ Top Class Call Gir...
amitlee9823
Â
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
dollysharma2066
Â
Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
dlhescort
Â
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
dlhescort
Â
Call Girls From Pari Chowk Greater Noida â€ïž8448577510 âčBest Escorts Service I...
Call Girls From Pari Chowk Greater Noida â€ïž8448577510 âčBest Escorts Service I...
lizamodels9
Â
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
IndeedSEO
Â
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
kcpayne
Â
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
NZSG
Â
KĂŒrzlich hochgeladen
(20)
RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors Data
Â
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Â
Call Now âïžđ 9332606886đ Call Girls †Service In Bhilwara Female Escorts Serv...
Call Now âïžđ 9332606886đ Call Girls †Service In Bhilwara Female Escorts Serv...
Â
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
Â
Organizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
Â
Russian Call Girls In Rajiv Chowk Gurgaon â€ïž8448577510 âčBest Escorts Service ...
Russian Call Girls In Rajiv Chowk Gurgaon â€ïž8448577510 âčBest Escorts Service ...
Â
BAGALUR CALL GIRL IN 98274*61493 â€CALL GIRLS IN ESCORT SERVICEâ€CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 â€CALL GIRLS IN ESCORT SERVICEâ€CALL GIRL
Â
Chandigarh Escorts Service đ8868886958đ JustđČ Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service đ8868886958đ JustđČ Call Nihal Chandigarh Call Girl...
Â
JAYNAGAR CALL GIRL IN 98274*61493 â€CALL GIRLS IN ESCORT SERVICEâ€CALL GIRL
JAYNAGAR CALL GIRL IN 98274*61493 â€CALL GIRLS IN ESCORT SERVICEâ€CALL GIRL
Â
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
Â
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
Â
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
Â
Call Girls Kengeri Satellite Town Just Call đ 7737669865 đ Top Class Call Gir...
Call Girls Kengeri Satellite Town Just Call đ 7737669865 đ Top Class Call Gir...
Â
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
Â
Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
Â
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Â
Call Girls From Pari Chowk Greater Noida â€ïž8448577510 âčBest Escorts Service I...
Call Girls From Pari Chowk Greater Noida â€ïž8448577510 âčBest Escorts Service I...
Â
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
Â
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
Â
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
Â
Unit 2: Excellent revision aid..a must for all students
1.
Edexcel AS Business
Studies Unit 2a Managing the Business Specification Resource Map Key topics on the Edexcel Unit 2a Specification mapped to the tutor2u Business Studies Blog
2.
Unit 2a Managing
the Business 2.3a Unit content 2.3.1a Marketing Students should be encouraged to identify an appropriate plan marketing mix for new or existing products or services. Content What students need to know Teacher guidance Marketing objectives and Marketing objectives â based on market Students could refer back to their strategy research, sales or profit forecasts for sales and profit calculations in topic the product or service idea. 1.3.6 to set marketing objectives for their business idea. They could apply Strategy â niche or mass marketing, the appropriate marketing strategy benefits and limitations of these to their business idea. They may like strategies. to think how they could move from serving a niche market to serving a mass market. Identification of marketing Identification of a marketing mix which Students could consider the mix (4Ps â Product, Price, meets the needs of the market. marketing mix that they would offer Promotion, Place) for their business idea and how they might improve the marketing mix for a current product. Product life cycle and Boston Matrix, The implications for cash flow and product extension strategies, branding, marketing of the product should be purpose of trademarks and patents. considered in the light of its position in the product life cycle or Boston Matrix. Students could consider the position of different Cadbury products in their portfolio. How current social trends may affect Use current social trends to examine the composition of the marketing mix: how they might affect the marketing for example ethical trading, sourcing mix for a company, for example use of sustainable materials, food miles of organic ingredients or inclusion of labelling, reduction/recycling of details of the carbon footprint of the packaging, environmental factors, online product on packaging. retailing, retailer purchasing power. Price elasticity of demand Effect on businesses of price changes, Students should be able to calculate implications for pricing strategies, price elasticity of demand, interpret effects on total revenue. results of the calculation and consider what creates inelastic demand for products. 2 Section C © Edexcel Limited 2010 Edexcel GCE in Business StudiesEconomics and Business
3.
Managing the Business
Unit 2a 2.3.2a Managing Students do not need to know job, batch or flow production the provision methods, but some teachers may find that they use these terms when explaining capital versus labour intensive methods. Students process should consider the most appropriate ways of producing a product or providing a service in a way which creates the least waste. Content What students need to know Teacher guidance Product or service design Product or service design to meet Although many successful products identified market needs, design stay the same, there are increasing mix: function, aesthetics, economic changes in the type of materials and manufacture. technology used in making the product which can create efficiencies. Productivity and efficiency Amount of capital and labour intensity Students could be taught this topic in a dependent on: availability of finance, factory or service context, for example technology used, suitable labour, and setting up a cafĂ© or using their new production method. Apply also to a business idea. Students should realise service sector context. that companies are constrained by the labour, technology or equipment they can afford. Capacity utilisation Implications of under- and over- This topic is important as it allows utilisation of capacity, ways of students to consider how they could improving capacity utilisation. improve productivity. It could also be taught in the context of improving the throughput of customers in a cafĂ© or restaurant. Stock control Analysis of stock control graphs, how Invite a representative from your local stock control could be improved, supermarket to talk about how they problems of cash tied up in stock. handle stock control and wastage. Lean management Just in time (JIT) management of Students should consider the stock. advantages and disadvantages of JIT. A visit to a car factory would be useful. Competitive advantage of short product Short product development lead-times development lead-times. could be taught in conjunction with Minimising waste of resources. product design. Quality management Quality assurance versus quality Students could consider how a culture techniques control, Total Quality Management as of quality is created, for example part of company culture. through management expectations of continuous improvement (Kaizen), quality assurance processes, self checking. They should also consider why quality control inspections may still be used by some firms. Case study examples of different quality management techniques used by firms would be useful here. Consumer protection Purpose of legislation â to ensure Use a website such as www. legislation goods or services are fit for purpose, businesslink.gov.uk for information on do not âharmâ the consumer, that legislation. Students do not need to information on packaging does not know the names or dates of Acts, just mislead, awareness of associated cost the purpose of consumer protection with implementation of legislation, legislation. need to deal with customer complaints. Edexcel GCE in Business StudiesEconomics and Business © Edexcel Limited 2010 Section C 2
4.
Unit 2a Managing
the Business 2.3.3a How does a This section concentrates on cash flow forecasting and the company budget importance of maintaining regular cash flow for the survival of the business, especially when it is first set up. Reasons why efficiently? businesses fail may be brought in at appropriate points throughout the teaching of this section and links should be made with other sections of the specification when appropriate. Content What students need to know Teacher guidance Budgets Purpose of budgets, preparation using Students should consider the difficulties historical figures, zero based. of budgeting when there is no historical information to go on, problems Comparison with actual figures to inherent in using historical figures. provide elementary variance analysis. Sales forecast Difficulties of estimation, identification Invite a business owner or bank of potential ways of increasing sales. representative to give a talk on the subsequent financial topic areas to explain how crucial it is to manage sales and cash flow effectively for the survival of the business. Cash flow forecasting How to construct a simple cash flow Simple cash flow exercises should be forecast, use of a cash flow forecast to undertaken. Students should be able to manage finances. interpret the cash flow forecast. Managing working capital Identification of cash shortfalls on a monthly basis, contingency finance planning such as an overdraft or loan, managing customer and supplier credit terms and payments, holding appropriate levels of stock. Differences between cash Introduction of extra cash into the Case study scenarios should be used and profit business by the owner, timing of to demonstrate that taking a profitable payments, purchase of fixed assets, contract can mean a negative cash flow importance of cash in the short run, in the short run, due to cost of stock or profit in the long run. labour to fulfill the deal. Similarly, that a business canât survive or continue to trade with negative cash flow unless they obtain additional finance. In the long run, retained profit can be used to invest in the business. Why businesses fail Poor management of cash flow, overestimation of sales, poor stock control, changing market conditions. 2 Section C © Edexcel Limited 2010 Edexcel GCE in Business StudiesEconomics and Business
5.
Managing the Business
Unit 2a 2.3.4a Managing This section is designed to get students to focus on human resource other people issues they may have to face if running or managing a business. They should consider how staff can be effectively managed. Content What students need to know Teacher guidance Different types of Tall, flat, chain of command, span Students may consider how they organisational structures of control, decentralisation and might organise the number of centralisation, how the organisational staff they would have to recruit to structure affects the ability to manage implement their business idea, how the business effectively. an organisational structure may affect communications between employer and employee. Recruitment and training Number of staff needed, internal or Students should consider the external recruitment, recruitment for advantages and disadvantages of positive attitude versus recruitment for internal or external recruitment. skills, cost of recruitment and training, Students should realise that some value of low labour turnover. employers recruit for positive attitude and then train for skill. Low labour turnover should be linked to staff motivation. Motivation of staff Motivation theory â Taylor, Herzberg, Donât spend too long on the Maslow. motivation theorists. Criticisms of motivational theorists should be considered. Financial incentives â piecework, bonus, Students should realise that financial profit share, performance related pay. incentives may not be possible for a new business. How managers can get the Delegation, consultation, empowerment, Case studies should be used to best from staff team working, flexible working, job consider these techniques within a enrichment, job rotation. context â see www.times100.com Reduction of labour costs Use of a flexible workforce, staff Benefits and disadvantages of dismissal and redundancy, voluntary a flexible workforce should be labour turnover. considered. A brief overview of the rights of staff when dismissed or made redundant is likely to promote discussion. Edexcel GCE in Business StudiesEconomics and Business © Edexcel Limited 2010 Section C 2
6.
More from tutor2u http://www.facebook.com/Tutor2u
http://twitter.com/tutor2u
Jetzt herunterladen