IGCSE Business Chp 14 Keywords profit size social

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. • Class : Y 10 • Lesson Topic: Business and the Environment • Scheme of Work: Judging Success

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. Tell me three things. . . about the topic we are studying. Or, you learnt in the last lesson. STARTER

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. Questions you would like to ask Today we will begin studying ______. What are the questions you would like answered.

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. 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. 14 Keywords – profit, size, social responsibility, audit. P&D Higher thinking Skills Lesson Objectives Planning and Data ALL (KNOWLEDGE) Describe how a business judges success MOST (ANALYSIS) • Analyse a method of judging success • SOME (EVALUATION ) • Evaluate the usefulness of measuring success to a business.

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. 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. 14 Keywords – profit, size, social responsibility, audit. WHAT IS SUCCESS?

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. Measures of success • The success of a business can be judged in different ways. • They can be judged in: – Profit. – Size. – Product Quality. – Social responsibility. – Consumer satisfaction.

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. Profit • Most private sector businesses aim to make a profit. Therefore rising profits should signal improving success. – Its possible to make higher profits if there is no competition. Therefore profits made in a competitive market might be considered more impressive.

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. Size • You can measure the size of a business by looking at the: – Turnover. – The number of employees. – Market share. – The amount of capital employed. – EU definitions of size.

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. Product quality • Sometime they judge the success of a business by measuring the quality and innovation of a product. They are reflected by: – – Awards and prizes won by business. Media reports. Costumer surveys. Sales levels when new products are launched. – Certification by international quality standards. improvement

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. Social responsibility • Businesses judges success according to range of stakeholders, employees, suppliers and the local community that has their needs met.

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. Consumer satisfaction • Businesses judge success by how the consumer or costumer have been satisfied by the product or the costumer service. • As the costumers/consumers like the product and the costumer service, they will become loyal to a certain business, growing their costumer base

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. Judging success in the public sector • Public sector objectives are linked to the quality of service and reducing costs. In addition to that, public sector businesses are judged by the performance of business, for example: • • • examination results in schools The punctuality of public transport systems The response time of the emergency services Drop in crime rates The amount of waste sent to recycling units

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. WHAT IS SUCCESS?

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. 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. 14 Keywords – profit, size, social responsibility, audit. P&D Higher thinking Skills Lesson Objectives Planning and Data ALL (KNOWLEDGE) Describe how a business judges success MOST (ANALYSIS) • Analyse a method of judging success • SOME (EVALUATION ) • Evaluate the usefulness of measuring success to a business.

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. 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. 14 Keywords – profit, size, social responsibility, audit. 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. 14 Keywords – profit, size, social responsibility, audit. 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. 14 Keywords – profit, size, social responsibility, audit. Spell a key word to your friend using sign language…

IGCSE Business Chp. 14 Keywords – profit, size, social responsibility, audit. 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