Jack Trish Ria Board Door TEACHERS DESK Nice Asil Imran Radu Nasir Joe Sunday, 02 December 2018 Board Door TEACHERS DESK Balween Nice Brijesh Asil Edmond Shamar Mason Jack Imran Radu Nasir Shuyeb Maruf Bonnie Rabbab Trish Ria Jahangir Samuel Anthony Harry Yugesh 1005-1007 - Taking a seat and starting – 2 minutes Rahat Aditya Simran Joe Charlotte Lidia Market Competition Students not in today: Mulki, Yassir

Unit 1 – Topic 1 Spotting a business opportunity Sunday, 02 December 2018Sunday, 02 December 2018Sunday, 02 December 2018 GCSE Business Unit 1 – Topic 1 Spotting a business opportunity Market Competition

Start of lesson drills Planner on the desk Pen/stationary available Sunday, 02 December 2018 Start of lesson drills Planner on the desk Pen/stationary available Exercise book open on the desk Date copied from the board New title copied from the board: Market Competition Ready to learn 1017-1018 - Reminder Market Competition

Sunday, 02 December 2018 Expectations Be in the right place, at the right time doing the right thing: Be respectful of others and allow them to learn Complete all homework tasks set and come to me if you have any problems completing it Respect all school equipment Bring the correct equipment (pens, books etc.) to our class Act as respectable young adults like business individuals Reminder Market Competition

Competition can be analysed by: Sunday, 02 December 2018 Competition can be analysed by: Product Range – the different items a firm sells Quality – the value a customer gives to a product Design – the way the product is constructed Selling Experience – the way a customer feels when buying a product After-sales Service – how a firm deals with any problems after the product has been sold Price – the amount paid for the product Brand Image – the way a firm differentiates itself from other firms Suppliers – the companies who sell stock/raw materials to the firm to produce goods and services Market Competition

Activity continued – 30 minutes Sunday, 02 December 2018 Activity continued – 30 minutes Think of a product that you want to sell or a service that you could provide Draw a picture of the product/service Comment on the 8 elements of your product in one colour Think of an existing competitor – talk about their 8 elements in another colour Product 1 Product 2 Product Range One colour Another colour Quality Design Selling Experience After-sales Service Price Brand Image Suppliers Market Competition

Plenary: Get your planner whiteboards out Sunday, 02 December 2018 Plenary: Get your planner whiteboards out 1050-1055 Market Competition

Sunday, 02 December 2018 Homework None today  Market Competition

Think Pair Share Why do we segment the market? Sunday, 02 December 2018 Think Pair Share On your own Talk to your neighbour Tell the class 1032-1035 – Think and discuss 1035 – 1038 – Share ideas with the classs Why do we segment the market? Think about: What could the information be used for? Why would the business spend money on market research to find out this information? Market Competition