Taylor Nasir Jahangir Rabbab Rahat Bareera TEACHERS DESK

Taylor Nasir Jahangir Rabbab Rahat Bareera TEACHERS DESK IT 03 Imran 1 Jack Brijesh 30/12/2021 Charlotte Shuyeb Lidia Joe Bonnie. Marie Mason Anthony Harry Maruf Balween Trish Radu Shamar Aadhithya Asil Aditya Nice Yassir Ria Door

Year 10 GCSE Business Miss Haron

3 Start of lesson drills Planner on the desk Pen/stationary available Exercise book on the desk Homework out (if set) Date and title copied from the board Ready to learn 30/12/2021

4 30/12/2021 Expectations Be in the right place, at the right time doing the right thing: Be respectful of others and allow them to learn Complete all homework tasks set and come to me if you have any problems completing it Respect all school equipment Bring the correct equipment (pens, books etc. ) to our class Act as respectable young adults like business individuals

5 30/12/2021 Today we will cover: First – Homework check Starter – What is a business? - REFRESH Main - LO – To understand what a business enterprise is, why they are set up, who sets them up and how. Plenary – Use “The One Water” case study to answer who, why and how

6 30/12/2021 1. Homework In blue pen, we will peer assess each others homework Who started Innocent? (2 marks) 1. 3 Graduate friends (1 mark) Richard Reed, Adam Balon and Jon Wright (1 mark) 2. Why did they start? (2 marks) 3. What year did they start? (1 mark) 4. 1998 What is the product or service of the business? (2 marks) 5. They spotted a gap in the market (1 mark) to help people have a healthier diet (1 mark) and were supported by positive customer feedback at a festival (1 mark) Smoothies (1 mark) Other products such as juice and yoghurt (1 mark) Who now owns over 90% of the business? (1 mark) Coca – Cola Write down your partners mark out of 8 and then write next to it “peer marked”

7 30/12/2021 REFRESH – What is a business? A business is a specific type of organisation which exists to sell products (g____ or s_______) to c_____. Customers can be private i______, like ourselves, or other b______. Businesses aim to supply customers with the products they want so that they can make a _______.

8 30/12/2021 REFRESH – What is a business? A business is a specific type of organisation which exists to sell products (goods or services) to customers. Customers can be private individuals, like ourselves, or other businesses. Businesses aim to supply customers with the products they want so that they can make a profit.

9 30/12/2021 REFRESH What are goods and services? Goods are tangible things that are produced, bought or sold, then finally consumed. Look around your home and you will see dozens of examples, from the microwave and the ready meals in the freezer, to the flat-screen television and Nintendo Wii console. Services are activities that other people or businesses do for you. When you book a holiday, visit the hairdresser or eat in a restaurant you are consuming one or more services. Services are sometimes referred to as intangible, in the sense that you can’t touch or handle them

10 30/12/2021 An introduction to business enterprise Why? Why do people start businesses? Who? What makes these people do it? What qualities do they have? How? How do people start businesses? E. g. To start something new E. g. Risk taking E. g. Drop everything and invest in the new business 1. 2. 3. Draw the following Table in your exercise books with the Column headings of Why, Who and How Think about the answers to the questions in silence When I tell you, discuss your ideas with the person next to you

11 Why would you set up a business? To start something new and do something different To be your own boss To make a profit 30/12/2021

12 30/12/2021 So lets look at Innocent smoothies again… In the Why column: Add in a reason why did they started Innocent In the Who column: Add in some of the characteristics of the 3 founders Video : https: //www. youtube. com/watch? v=OUX 9 wrp. X 6 ds

13 30/12/2021 Who sets up a business? Personal qualities: Determination Resilience Enthusiasm Hard-working Decisive Willing to take risks Skills Can listen as well as speak Can plan and organise Can persuade others Resources Finance Exceptional knowledge of a specific topic

14 30/12/2021 How do you set up a business? Trial run Drop everything and give up your current job e. g. One water

15 30/12/2021 So lets look at Innocent smoothies again… In the how column: Add in an explanation of how Innocent started Video 2: https: //www. youtube. com/watch? v=E 8 UTHC mm 0 ME

16 30/12/2021 Plenary - The One Story – intro to the business One water The One Story - the first five years http: //www. youtube. com/watch? v=Gv_o. CBPSm. E M&safe=active Add the One Water to your table Why did they start? Who started it? How did he start it?

17 Homework None today 30/12/2021

18 30/12/2021 Next lesson Monday - Period 2 Hand in your exercise book and homework folders to me at the door I will check it before you are allowed to leave