This blog provides additional support for my Business Studies students at Crossways 6th Form. Students are strongly encouraged to ask any questions they have regarding the lessons I have taught or work which I have set. Please ask any question – no matter how ‘simple’ or ’stupid’ they may be.
I will both check for questions posted on this blog daily. Students are more than welcome to contribute any answers or threads.
For P5, learners should explain the different types of market structure; perfect competition. oligopoly, monopolistic competition and monopoly .
This will involve explaining:
market characteristics,
supply and demand conditions
how price
and output are determined in different markets.
In all instances you need relate to current business examples.
Your CEO of your company was very impressed with your report on
the structure of the UK economy. Due to Japan’s deflation, the CEO is
considering moving the company’s base from Tokyo to Lewisham.
To help make this strategic decision you have been made part of a ‘think
thank’ comprising of senior management, external consultants and trade
representatives from the UK. The ‘think tank’ is to compile a group report
on the UK government’s management of the UK economy.
You work as a junior manager for a Japanese electronic manufacturer. After the credit-crunch the UK is in a state of recession. A significant amount of your products are imported from Japan.
Your directors are very concerned in these uncertain times and wish to make strategic decisions for the survival of the organisation. They have asked you to produce a report on the UK economy so they can gain a better understanding of the markets they are operating in.
Please complete the below task for P2. The deadline for this task is Friday, 20th May. The links to the presentations will also help you answer these questions. Also, use the internet and rermeber to reference where you get the information from:
1. What is menat by the term ‘legal status of a business’ and which of these statuses is available to the owner of a small business? Describe the different organisation types.
2. Give two types of formal records that a business should keep.
3. Which government department needs information on the profit made by a business?
4. What regulations and licenses might apply to a small cafe near you?
5. Identify how regulations and laws for a small business can affect preperation for business. Do this by identifying the legal status you would prefer for your own chosen business (with reasons) by researching the laws and regulations that would apply and by listing the records you would legally have to keep
Please find below the assignment brief for P1, P2 and M1. The deadline for this part of the assignment is Tuesday, 17th May
Please find below the assignment brief for P1, P2 and M1. The deadline for this part of the assignment is Tuesday, 17th May
– Investigate types of business organisations
– Investigate the legal forms of business ownership
– Identify the range of stakeholders and their interest in organisations
– Review the businesses controlled by the state
– Discuss reasons for state ownership of businesses
– Collect data on the goals of organisations
– Investigate how organisations operate in order to achieve their goals.
For P1, learners will identify different organisations and their objectives. Different types of organisation
with contrasting aims should be selected. It would be reasonable to expect selection of a profit maximising
partnership and a welfare maximising hospital. If published accounts and annual reports are used to investigate
organisations it is worth bearing in mind that these documents often only obliquely refer to objectives
mentioned in textbooks and prefer softer objectives that are subsidiary to the main objectives. ‘Providing good
customer service’ and being a ‘good corporate citizen’ are examples.
For P2, learners will need to consider the same organisations as for P1 and look at how they meet their
objectives. For example, if profit maximising is identified then there should be some discussion of pricing
policies and cost management. Current market examples can be found. Apple products, for example, attract
a premium price compared with equivalent non-Apple products and there is almost no price competition
suggesting there is price skimming
You are to complete this section of the assignment for Tuesday, 26th of April:
Please note: you have started this assignment already but you need to complete all of the tasks to meet P5, P6 and M3
Please ask if you have any questions. I will be away in Croatia from April 21-25th though so will not have internet access then.
The deadline for this task is Friday. The formulas can be found in the text book:
2. Illustrate Brockley’s Clothing and Design Store financial state by the use of accounting ratios as listed below. You need to show the formulas and workings. Solvency
I. Current ratio
II. Acid test ratio
b) Profitability
I. Gross profit percentage
II. Net profit percentage
c) Capital Gearing (use any three from the list below)
I. Return on capital Employed (ROCE)
II. Stock turnover
III. Debtors collection period
IV. Asset turnover
d) Comment briefly on the contents of the statements and explain the purpose of each element (a – c above). Additionally, give a brief account on the worthiness and viability of Brockley’s Clothing and Design Store.
e) Interpret the results of each ratio used by you and give a brief description of the results.
This task addresses P7
You are to prepare a presentation on the following subjects:
https://docs.google.com/present/edit?id=0AaOWqEbfEyAOZGhuZmZwOG5fNjJmZ3Roenhkcg&hl=en_GB
The aim is to teach these topics to a Year 11 Business Studies class. You will present to me in a future lesson to be confirmed
The Business 