1. BUSINESS STUDIES REVISION ACTIVITIES

2. Understanding the Scenario! What type of business is it? Who are the owners? What experience do they have? What are the issues/questions the owners have? Why was the business set up? What is its purpose? Are there any other important clues?

3. WHAT IS THE DIFFERENCE BETWEEN…? Primary researchSecondary research Qualitative dataQuantitative data Gross profitNet profit Cash flowProfit Sales RevenueTurnover Fixed costVariable cost Current assetFixed asset AssetLiability Batch productionFlow production

4. WHAT IS THE DIFFERENCE BETWEEN…? FranchisorFranchisee Bank loanMortgage CreditorsDebtors Hire PurchaseLeasing OverdraftBank loan Share capitalDebentures Profit and Loss AccountBalance Sheet Bank loanSelling shares

5. LINKS - MARKETING How does …Influence …. PricePromotion PlacePrice ProductPrice ProductPromotion PlacePromotion ProductPlace

6. ETHICS AND SUSTAINABILITY Define Explain Examples Benefits to a business

7. CALCULATIONS & FORMULAE Profit Sales Revenue/Turnover Total Costs Net Cash Flow

8. ANALYSIS Situation (Cause)Results (What is the Effect on a business?) Business increases prices Negative cash flow Decrease in profit Staff leaving Selling online (e-commerce) New competitor Costs increase Poor customer service Quality issues De-motivated staff

9. PRODUCTION BatchJobFlowLean

10. OBJECTIVES SMALL BUSINESSLARGE BUSINESS

11. STAKEHOLDERS INTERESTS OWNERS EMPLOYEES MANAGERS

12. STAKEHOLDERS INTERESTS SUPPLIERS COMMUNITY CUSTOMERS

13. Explain Reason: Why could this option be a good/poor one? Chain of argument: Impact on this business given it’s circumstances Positive On the one hand it would be good for xxx because….(theory) This could result in…. Negative However… Conclusion (worth 5 marks!) Overall I think… I have chosen this option (instead of xxxxxx) because… It is most realistic Cheapest to implement Fits in with the organisations objectives Avoids having to…. It could lead to… An alternative could be…. PLANNING YOUR ANSWER (9 MARKS)

14. Explain Reason: Why could this option be a good/poor one? Chain of argument: Impact on this business given it’s circumstances Positive Negative Conclusion (worth 5 marks!) PLANNING YOUR ANSWER (9 MARKS)

15. Explain Reason: Why could this option be a good/poor one? Chain of argument: Impact on this business given it’s circumstances Positive Negative Conclusion (worth 5 marks!) PLANNING YOUR ANSWER (9 MARKS)