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Topic 1 review Using pencil and ruler, draw an bar chart to show your grade Draw across the graph to show your comfort grade Read the teacher comment.

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Presentation on theme: "Topic 1 review Using pencil and ruler, draw an bar chart to show your grade Draw across the graph to show your comfort grade Read the teacher comment."— Presentation transcript:

1 Topic 1 review Using pencil and ruler, draw an bar chart to show your grade Draw across the graph to show your comfort grade Read the teacher comment and write your response Beauchamps High School

2 What do you think about this entrepreneur?
Starter Think pair share: What do you think about this entrepreneur? Beauchamps High School

3 GCSE Business Studies What is Enterprise Beauchamps High School

4 Learning Objectives by the end of this lesson students….
Will be able to evaluate the importance of calculated risk Evaluation ~ GCSE Grade A* Will be able to propose reasons for setting up a business Synthesis~ GCSE Grade A Will be able to analyse the elements of enterprise Analysis ~ GCSE Grade B Will be able to demonstrate understanding by using examples/cases Application ~ GCSE Grade C Will be able to explain the difference between goods and services Comprehension ~ GCSE Grade D Will be able to recall key terms Enterprise and Risk Knowledge ~ GCSE Grade E

5 Theory Notes Enterprise A willingness by an individual or a business to take risks, show initiative and undertake new ventures Beauchamps High School

6 Willingness to undertake new ventures
Theory Notes Enterprise Enterprise Willingness to undertake new ventures Risk Taking Initiative Beauchamps High School

7 Risk Taking Enterprise involves an element of risk.
Theory Notes Risk Taking Enterprise involves an element of risk. Things may go wrong if risks have been considered and planned for, then they are usually easier to manage and address. Beauchamps High School

8 Theory Notes Risk The chance of damage or loss occurring as a result of making a decision Beauchamps High School

9 Showing initiative Making the first move Making things happen
Theory Notes Showing initiative Making the first move Making things happen “Thinking outside the box” Beauchamps High School

10 Willingness to undertake new ventures
Theory Notes Willingness to undertake new ventures Be on the look out for new opportunities. Not all new ventures are successful Enterprising individuals will have the nerve to leave these ventures and look for more successful ones Beauchamps High School

11 Goods Physical, tangible products It can be seen and touched Theory
Notes Goods Physical, tangible products It can be seen and touched Beauchamps High School

12 Service Non-physical, intangible products It cannot be touched Theory
Notes Service Non-physical, intangible products It cannot be touched Beauchamps High School

13 Task Discuss in groups and make a list of the reasons why you think a person might want to start up a business What qualities are needed by the entrepreneur, are these different if the business is offering a good or service? Beauchamps High School

14 Task Beauchamps High School

15 Blue book p47 Beauchamps High School

16 Learning Objectives by the end of this lesson students….
Will be able to evaluate the importance of calculated risk Evaluation ~ GCSE Grade A* Will be able to propose reasons for setting up a business Synthesis~ GCSE Grade A Will be able to analyse the elements of enterprise Analysis ~ GCSE Grade B Will be able to demonstrate understanding by using examples/cases Application ~ GCSE Grade C Will be able to explain the difference between goods and services Comprehension ~ GCSE Grade D Will be able to recall key terms Enterprise and Risk Knowledge ~ GCSE Grade E

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