IGCSE Business Chp 1 2 Keywords Consumer goods

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. • Class : Y 10 • Lesson Topic: Business and the Environment • Scheme of Work: Business Activity

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Tell me three things. . . about the topic we are studying. Or, you learnt in the last lesson. STARTER

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Questions you would like to ask Today we will begin studying ______. What are the questions you would like answered.

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Noun Play _____ is like (a) ____ because…. First blank is for the topic, concept etc. Second blank is for the random noun. e. g. Communication is like driving because…

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. P&D Higher thinking Skills Lesson Objectives Planning and Data ALL (KNOWLEDGE) Describe a business main activity MOST (ANALYSIS) • Analyse a business activity or external factor • SOME (EVALUATION ) • Evaluate the usefulness of a stakeholder to a businesses success.

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. CONTRASTING Although… Except… Moreover… If… However… Yet… Apart from… Unless… Despite… As long as… CAUSE & EFFECT Consequently… Due to… As a result… Therefore. . Because of… Because… CONCLUDING Firstly… After… Secondly… Before… Overall… I believe… Finally… I think … In conclusion… it depends… To conclude… short term… Meanwhile… Long term… COMPARING Equally… As with… Like… In the same way… Similarly… Even so… Likewise… CONNECTIVES for Analysis CONNECTIVES for Application CONNECTIVES for Evaluation EMPHASISING Most importantly… Significantly… Notably… Especially… Above all… In particular… Indeed… QUALIFYING Despite… Yet… As long as… Unless… Apart from… If… Moreover… Except… However… Although… ADDING In addition… And… Too… Also… Additionally… As well as… Furthermore… ILLUSTRATING For instance… Such as… In the case of… So… For example… As revealed by… As illustrated by…

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Business activity • To sell goods and services (G&S) for a profit, utilizing resources. • Goods – Physical items (touch) • Service – Non-physical (not touch)

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Consumer or Producer • Producer makes the goods and services. • Consumer buys the good or services.

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Needs v Wants • A business must satisfy people’s needs and wants. • Needs – A requirement to life and survival. • Wants – Consumer desirables. A luxury. • PEOPLE HAVE INFINITE WANTS, meaning many resources are scare. E. g. Not enough petrol for all the cars on planet!

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Which do you need or want?

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. the Private and public sector? Private sector • Private business providing goods and services for profit. Public sector • Government owned sector aimed at supplying for the population rather than profit. • Free market exists when all of • Public enterprise exists when all the economy is privately economy is controlled through owned. government. • Supplies private goods, paid by consumer. • Supplies public goods, paid for by tax.

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Private sector

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Public sector

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Stakeholders • Any individual interested in an organization or business. They have a STAKE in the business.

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Who are the stakeholders? • Identify as many stakeholders as possible in Manchester United. • Man United Takeover video

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Business Environment • P, E, S, T, L, E. • Business environment is ever changing by these factors. BUSINESS • How would you categorise? – New machinery (technological) – Economic downturn – Population growth – Change in government laws

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. CONTRASTING Although… Except… Moreover… If… However… Yet… Apart from… Unless… Despite… As long as… CAUSE & EFFECT Consequently… Due to… As a result… Therefore. . Because of… Because… CONCLUDING Firstly… After… Secondly… Before… Overall… I believe… Finally… I think … In conclusion… it depends… To conclude… short term… Meanwhile… Long term… COMPARING Equally… As with… Like… In the same way… Similarly… Even so… Likewise… CONNECTIVES for Analysis CONNECTIVES for Application CONNECTIVES for Evaluation EMPHASISING Most importantly… Significantly… Notably… Especially… Above all… In particular… Indeed… QUALIFYING Despite… Yet… As long as… Unless… Apart from… If… Moreover… Except… However… Although… ADDING In addition… And… Too… Also… Additionally… As well as… Furthermore… ILLUSTRATING For instance… Such as… In the case of… So… For example… As revealed by… As illustrated by…

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. ATD Exam style questions A-A* Apply to demonstrate 1. Discuss 2. Evaluate C-B (8 -12 m) 8+ connectives & key words 1. Explain 2. Analyze E-D (5 -7 m) 5+ connectives & key words 1. Identify 2. Define (2 -4 m) 2 + connectives & key words

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. P&D Higher thinking Skills Lesson Objectives Planning and Data ALL (KNOWLEDGE) Describe a business main activity MOST (ANALYSIS) • Analyse a business activity or external factor SOME (EVALUATION ) • Evaluate the usefulness of a stakeholder to a businesses success.

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Questions you would like to ask e. g. Today we have been studying________. Think of 1 questions to ask other people in the class about today’s lesson. PLENARY

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Freeze Frame Students have to produce a freeze-frame showing one aspect of their learning. E. G. A communication method or a finance or a sector of the economy

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Spell a key word to your friend using sign language…

IGCSE Business Chp. 1 & 2 Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants. Exam Question E. g. Discuss whether a bank loan is suitable for business startup. Start with; Discuss or Evaluate whether or To what extent is ____________________________________ (6 m) Write an exam question based on your learning today. Then, swap books and answer someone else’s question. ü Answer PLAN: ü Intro – define key word ü Explain 1 advantage (BLT) ü Explain 1 disadvantage (BLT) ü Conclude – I think, however, it depends… 3+ connectives 3+ key words