1. 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
Taking a seat and starting – 2 minutes
Rahat
Aditya
Simran
Joe
Charlotte
Lidia
Market Competition
Students not in today: Mulki, Yassir

2. 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

3. 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
Reminder
Market Competition

4. 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

5. 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

6. 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

7. Plenary: Get your planner whiteboards out
Sunday, 02 December 2018
Plenary: Get your planner whiteboards out
Market Competition

8. Sunday, 02 December 2018
Homework
None today 
Market Competition

9. 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
– 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