PLC Business Studies GCSE - EdExcel Style.xlsx

	A	B
1
2	1.1 Enterprise & Entrepreneurs	Mastered
3	1.1.1 The dynamic nature of business.
4	I can explain what is meant by the dynamic nature of a business.
5	I can explain why new business ideas come about due to changes in technology
6	I can explain why new business ideas come about due to changes in what consumers want and products becoming obsolete
7	I can explain how new business ideas come about from adapting existing ideas
8	I can explain how new business ideas come about from original ideas.
9	1.1.2 Risk and reward.
10	I can explain the impact of risk on business activity such as business failure, financial loss and lack of security.
11	I can explain the impact of reward on business activity such as business success, profit and independence.
12	1.1.3 The role of business enterprise.
13	I can explain the purpose of business activity.
14	I can identify the difference between goods and services.
15	I can explain how businesses need to meet customers needs.
16	I can discuss methods a business could use to add value to its products and services.
17	I can explain the importance of branding in creating customer loyalty and increasing market share.
18	I can explain how convenience can add value to products and services.
19	I can discuss the importance of quality and design in adding value.
20	I can explain what can create a USP for a business.
21	I can discuss the role of an entrepreneur including organising resources, making business decisions and taking risks.
22	1.2 Spotting a business opportunity	Mastered
23	1.2.1 Customer needs
24	I can identify customer needs that a business must consider.
25	I can explain how customers will be influenced by price.
26	I can explain how quality is determined by a business's ability to meet customers' expectations.
27	I can explain how a business can offer choice because different customer's have different tastes and needs.
28	I can describe how convenience is an important factor in determining how customers make decisions about what to buy and what services to use.
29	I can analyse the importance to the success of a business to identify and understand their customers needs.
30	1.2.2 Market research
31	I can describe the purpose of market research.
32	I can explain different types of primary research such as questionnaires, focus groups and observations.
33	I can explain different types of secondary research such as internal and external sourced information.
34	I can explain the use of qualitative data in market research.
35	I can explain the use of quantitative data in market research.
36	I can describe the role of social media in collecting market research.
37	I can analyse the importance of the reliability of market research data.
38	1.2.3 Market segmentation
39	I can identify market segments.
40	I can discuss the ways in which a small business could segment its market.
41	I can explain how a market map could be used to identify gaps in the market and competitors.
42	1.2.4 The competitive environment
43	I can explain the importance of understanding the competitive environment to a business.
44	I can describe how a swot analysis could help a small business understand its competitors.
45	I can explain how the impact of competition could affect a business's decision making.
46	1.3 Putting the business idea into practice	Mastered
47	1.3.1 Business aims and objectives
48	I can identify business aims and objectives
49	I can explain what financial aims and objectives are.
50	I can explain what non-financial aims and objectives are.
51	I can analyse why aims and objectives differ between businesses.
52	1.3.2 Business revenues, costs and profits
53	I can explain what revenue is and how to calculate it.
54	I can describe what fixed and variable costs are
55	I can calculate total costs.
56	I can calculate profit and loss.
57	I can explain what interest is and how to calculate it.
58	I can describe what break even is and calculate the break even level of output.
59	I can calculate the margin of safety.
60	I can interpret information from a break even diagram.
61	I can analyse the impact of changes in revenue and costs on the break even output.
62	1.3.3 Cash and cash flow
63	I can explain the importance of cash to a business to pay suppliers, overheads and employees
64	I can describe the importance of cash to a business to prevent business failure and insolvency.
65	I can explain the difference between cash and profit.
66	I can interpret information from a cash flow forecast.
67	I can calculate cash inflows and cash outflows.
68	I can calculate net cash flow and opening and closing balances.
69	1.3.4 Sources of business finance
70	I can describe short term sources of finances such as overdrafts and trade credit.
71	I can describe long term sources of finances such as personal savings, loans, crowdfunding etc.
72	1.4 Making the business effective	Mastered
73	1.4.1 The options for start up and small businesses
74	I can explain concept of limited liability
75	I can describe the difference between limited and unlimited liability
76	I can analyse the implications on the business owners of limited and unlimited liability.
77	I can describe the different kinds of business ownerships for a start up.
78	I can analyse the advantages and disadvantages of different kinds of business ownership.
79	I can explain the option of starting up and running a franchise operation.
80	I can analyse the advantages and disadvantages of franchising.
81	1.4.2 Business location
82	I can describe the factors influencing business location such as proximity to the market, labour, materials and competition.
83	I can explain that the nature of the business activity can influence the business location.
84	I can analyse the impact of the internet on the business location decisions such as ecommerce and fixed premises.
85	1.4.3 The marketing mix
86	I can explain what is meant by the marketing mix.
87	I can describe the importance of each element of the marketing mix.
88	I can explain the importance of balancing the marketing mix based on the competitive environment.
89	I can describe the impact of changing consumer needs on the marketing mix
90	I can analyse the impact of technology on the marketing mix such as ecommerce and digital communication.
91	1.4.4 Business plans
92	I can identify the elements of a business plan.
93	I can describe the role and importance of a business plan.
94	I can analyse the role and importance of a business plan in minimising risk
95	I can evaluate the role and importance of a business plan in obtaining finance.
96	1.5 Understanding external influence on businesses	Mastered
97	1.5.1 Business stakeholders
98	I can identify stakeholders in a business and their aims.
99	I can explain how stakeholders are affected by business activity.
100	I can describe how stakeholders impact on business activity.