GCSE BUSINESS STUDIES UNIT 2 1 RECAP Starter

GCSE BUSINESS STUDIES UNIT 2. 1 RECAP

Starter • Create a Business Studies GCSE Folder in your own user area. • Create a ‘Unit 1 sub-folder’ and place into this all work from last year. • Create a sub-folder called ‘ 2. 1 Intro’ • Put all Business Studies work from this half-term into the 2. 1 folder. • Create a ‘ 2. 2 Marketing’ sub- folder for next half-term • Save all Business Studies work in the relevant folder in future.

Aims & Objectives • We have completed Unit 2 Section 1. • During this lesson: • ALL students must complete and print-out any unfinished or not started classwork • ALL students must complete any unfinished or not started homework • MOST students will be complete revision activities during the lesson • ALL students will complete revision task for homework.

Classwork /Homework list • On the board will be a list of all work submitted and marked. • If there is a gap by your name you need to complete and print –off the work. • All worksheets / question sheets are at front of class. • If you have submitted all work then you need to complete the revision tasks on the following slides.

Methods of Growth Revision • What is meant by organic growth? • What is the difference between a merger and a takeover? • What is the difference between horizontal and vertical integration? • What is meant by diversification • State 3 stakeholders • State 1 interest for each of these stakeholders

Limited Company Revision Give two advantages of being: – a private limited company – a public limited company • Give two disadvantages of being: – a private limited company – a public limited company

Ownership Revision - Franchises • What is a franchise? • What is the difference between a franchisee and franchisor? • Name 3 franchises • State two benefits of setting up a franchise • State two disadvantages of setting up a franchise

Business Objectives Revision • What is meant by the term business objective? • Give three examples of business objectives for a firm • State two reasons why a firm might change its objectives as it grows larger • What is meant by the term business ethics? • State 2 social costs • State 2 social benefits

Location Revision Questions • State 2 factors that influence the choice of business location • Explain 2 advantages of international location • Explain 2 disadvantages of international location • What is meant by the term infrastructure?

Location Snowslopes plc has firmly established itself in the UK market, selling high quality ski and surf wear clothing and equipment. It has an objective of growth and is looking to do this through the best location. At a recent board meeting it discussed two options linked to this objective: – Further expansion in the UK – Expansion through overseas locations The discussion was quite animated, with good points being put forward for both arguments. However, a final decision was left to the next board meeting when all parties had been given enough time to look at the options in detail. Question Time 1. What is meant by the term ‘best location’? (2 marks) 2. Explain how location can affect how competitive a firm is (5 marks) 3. Recommend to the board of Snowslopes plc whether or not they should expand further in the UK, or locate abroad, in order to meet their objective of growth. Give reasons for your answer. (9 marks)