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AS Business Studies

LESSON 1

Team name activity: 3 mixed ability groups will be in teams. Students will be asked to get into their teams when a team activity is presented to them and a chart of their scores will be updated throughout the semester. Resources: points chart. Student Activity 1: Put in order of most common reason for business failure. Use statistics from The Chief Cause of Business Failure and Success, by Sharif Khan. Resources: flash cards. Repeat activity at the end of the lesson to see if students have taken in the new evidence provided. Tutor 1: What does Finance cover? Why is financial planning crucial? Set homework: research an example of a business that has failed due to poor financial planning. Tutor 2: The key terms: cost, price, revenue and profit. The relationship between these. Will I make a Profit http://www.smallbusinessadvice.org.uk/busplan/suplan.asp Student Activity 2: http://www.businessstudiesonline.co.uk/live/index.php?option=com_content&view=article&id=35 &Itemid=23 Click Finance Costs - 3) Start-up Or Running Cost - Drag 'n' Drop. Resources: 2 boxes and flashcards. Tutor 3: The 2 types of cost: (fixed cost & variable cost) and examples. Student Activity 3: http://www.businessstudiesonline.co.uk/live/index.php?option=com_content&view=article&id=35 &Itemid=23 Click Finance Costs - 1) Fixed or Variable Drag n Drop. Resources: 2 boxes and flashcards. Student Activity 4: Repeat activity 1: put in order of most common reason for business failure. Resources: flash cards. Tutor 4: Summary

BUSINESS TEAM NAMES


The Cash Cows Dollars to Doughnuts Team Rags-to-Riches Pompous Assets Tax Tigers Three Profiteers Team Innovation Team Concept The Mighty Morphin Stock Exchangers Stock Holderz

Or Your Own

Activity 1: Put in order of most common reason why businesses fail.


Poor Business Planning Poor Marketing

Poor Management

Poor Financial Planning

What does Finance cover? Why is financial planning crucial? Homework: research an example of a business that has failed due to poor financial planning.

Tutor 2: The key terms: cost, price, revenue and profit. The relationship between these. Will I make a Profit http://www.smallbusinessadvice.org.uk/busplan/suplan.asp Student Activity 2: http://www.businessstudiesonline.co.uk/live/index.php?option=com_cont ent&view=article&id=35&Itemid=23 Click Finance Costs - 3) Start-up Or Running Cost - Drag 'n' Drop. Resources: 2 boxes and flashcards. Tutor 3: The 2 types of cost: (fixed cost & variable cost) and examples. Student Activity 3: http://www.businessstudiesonline.co.uk/live/index.php?option=com_cont ent&view=article&id=35&Itemid=23 Click Finance Costs - 1) Fixed or Variable Drag n Drop. Resources: 2 boxes and flashcards. Student Activity 4: Repeat activity 1: put in order of most common reason for business failure. Resources: flash cards. Tutor 4: Summary

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