To understand Recap quiz – the concept of Teacher led notes on revenues and profit and the calculations required. revenue, Reference profit and loss. – Basic financial To calculate 1 Students complete worksheets testing simple revenue, costs, and profit or calculations revenue, costs, loss calculations. profit and loss. Use of the old specification unit 1 papers for example question 1ci) May – 2015. 3.1.7 Expanding a business Specification Learning Additional Suggested Learning activities and resources content objectives guidance timing (hours) Methods of To understand Methods used by 4 Lesson 1 expansion the methods businesses when used by expanding include Focus on internal growth through opening new stores and e-commerce. businesses organic growth Reference – when through franchising, expanding. opening new stores Starter show images of two businesses (eg a café and a global business like – and expanding Starbucks). Students to explain why the local café would want to expand. To discuss the through advantages and outsourcing and E-commerce why have Amazon been so successful? – disadvantages external growth of each
To understand the concept of revenue, profit and loss. Recap quiz – Teacher led notes on revenues and profit and the calculations required. Reference – Basic financial calculations To calculate revenue, costs, profit and loss. 1 Students complete worksheets testing simple revenue, costs, and profit or loss calculations. Use of the old specification unit 1 papers – for example question 1ci) May 2015. 3.1.7 Expanding a business Specification content Learning objectives Additional guidance Suggested timing (hours) Learning activities and resources Methods of expansion To understand the methods used by businesses when expanding. To discuss the advantages and disadvantages of each Methods used by businesses when expanding include organic growth through franchising, opening new stores and expanding through outsourcing and external growth 4 Lesson 1 Focus on internal growth through opening new stores and e-commerce. Reference – Starter – show images of two businesses (eg a café and a global business like Starbucks). Students to explain why the local café would want to expand. E-commerce – why have Amazon been so successful?
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