Teacher Assessment 5 - Discuss Exam Technique
Discuss the impact of an entrepreneur choosing to startup a business by buying a franchise (6)
Important: Can you remember what you can discuss when asked for an “Impact”?
An example of a benefit followed by a drawback
LOTS of you leaving lines in between your paragraphs which is GREAT!!
Keep doing it please!!!
Discuss the impact of an entrepreneur choosing to startup a business by buying a franchise (6)
Teacher Assessment 5 - Discuss Exam Technique
LOTS of you leaving lines in between your paragraphs which is GREAT!!
Keep doing it please!!!
Discuss the impact of an entrepreneur choosing to startup a business by buying a franchise (6)
Teacher Assessment 5 - Discuss Exam Technique
Important: Because is asked for “Impacts” you can even give two benefits or two drawbacks
LOTS of you leaving lines in between your paragraphs which is GREAT!!
Keep doing it please!!!
Stick the sheet with the feedback in your books under your Discuss response and make sure you have a purple pen…
Title - Teacher Assessment 5
Use the feedback given on the sheet to rewrite your answer in purple pen OR follow the suggestion in the notes if you got 6/6
Discuss the impact of an entrepreneur choosing to startup a business by buying a franchise
Points you can use:
(in 2015 97% of franchises were profitable)
22 out of 22 gets an Exceptional student so go through each definition and match the keyword…take your time
Do Now: Keyworks so far 2!!
THEME ONE
THEME TWO
Investigating Small Business
Building a Business
1.1 Enterprise & Entrepreneurship
1.2 Spotting a business Opportunity
1.3 Putting a business idea into practice
1.4 Making the business effective
1.5 Understanding External Influences
2.1 Growing the business
2.2 Making marketing decisions
2.3 Making operational decisions
2.4 Making financial decisions
2.5 Making human resource decisions
YOU ARE NOW HERE!!
THEME 1 – INVESTIGATING SMALL BUSINESS
1.1 Enterprise and entrepreneurship
Dynamic nature of business
Risk and reward
Role of Business Enterprise
1.2 Spotting a business opportunity
Customer needs
Market research
Market segmentation
The Competitive Environment
1.3 Putting a Business Idea Into Practice
Business aims and objectives
Business revenues, costs and profits
Cash and cash-flow
Sources of business finance
1.4 Making the Business Effective
The options for start-up and small businesses
Business location
The Marketing Mix
Business Plans
Business Studies Road Map
1.5 Understanding External Influences on a Business
Business stakeholders
Technology and business
Legislation and Business
The economy and business
External influences
You are here
WHAT IS REVENUE?
Key term check...
Higher or Lower?
Revenue of
£278 Billion
Revenue of
£198 Billion
Higher or Lower?
Revenue of
£112 Billion
Revenue of
£198 Billion
Higher or Lower?
Revenue of
£204 Billion
Revenue of
£112 Billion
Higher or Lower?
Revenue of
£132 Billion
Revenue of
£204 Billion
Higher or Lower?
£24 Billion
From a Revenue of £204 Billion they made a Profit of...
£12 Billion
From a Revenue of £132 Billion they made a Profit of...
Why might Google be able to make TWICE as much Profit even though their Revenue is much less than VW’s?
Destination Question:
What is a businesses “Revenue”, what can a business do to impact its “Revenue” and how is “Revenue” calculated?
What is Revenue?
In your pairs - choose a company and make a list of as many potential sources of Revenue as you can...
Title - Revenue
“The income that a business receives from sales”
Definition
What is Revenue?
In your pairs - choose a company and make a list of as many potential sources of Revenue as you can...
Title - Revenue
“The income that a business receives from sales”
Definition
Title - Revenue
How can a business increase its “Revenue”?
What are the downsides of making these decisions?
Now we know what “Revenue” is…
let’s see how business calculate it
Here come the formulas...
Tips:
Formula for sales revenue...
Title - Business Revenues, Costs and Profits
Revenue = Sales Price x Quantity Sold
Revenue = Sales Price x Quantity Sold
Revenue = £3.50 x 1,500 = £5,250
Revenue = Sales Price x Quantity Sold
Revenue = £0.60 x 35,000 = £21,000
Simpson’s Chicken
sells 1,500 products in March, at a price of £3.50 each.
What is the their revenue in March?
Spire Sweets
sold 35,000 units in 2018 for 60 pence each.
What was the their revenue in 2018?
£5,250
£21,000
R = SP x Q
Title - Business Revenues, Costs and Profits
Revenue = Sales Price x Quantity Sold
Revenue = 0.25p x 150 = £37.50
Revenue = £1.35p x 200 = £270.00
Revenue = £0.25 x 150 = £37.50
£307.50
£307.50 x 6 days = £1,845
A bakery sells 150 bread rolls and 200 loaves of bread every day. The price of the bread rolls is 25p per roll and the price of bread is £1.35 per loaf.
£37.50
£307.50
£1,845
R = SP x Q
Is this £1,845 profit for the bakery?
Thumbs up if you think YES; Thumbs down if you think NO
Title - Challenge One:
Star student if you complete this..
...let me know if you do.
Extension on GC
Write down the shorthand formula for Revenue on your whiteboard
Plenary