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Candidates should know the benefits and drawbacks of the different legal structures, including the appropriateness of gaining limited liability status, and the consequences of increasing the number and range of stakeholders.
Candidates should understand the factors influencing where a business is located, including: Marketing This section provides candidates with an introduction to marketing within the context of a business with a limited budget.
Consideration is given to the role of information technology in marketing. Candidates should understand the methods of market research likely to be used by a business with a limited budget including: Candidates need to be familiar with the four elements of the marketing mix — Product, Price, Promotion and Place.
Detailed knowledge of each, however, is not required. Using a given scenario, candidates should be able to recommend appropriate marketing activities for a business with a limited budget. Candidates should consider the products that a small business is likely to offer and how it could alter the products to meet customer needs.
Candidates need to have an understanding of the basic relationship between price and demand. Candidates should understand the promotion methods suitable for a small business, given a limited budget e.
When considering place, candidates should recognise the growing importance of e-commerce and how it can extend the reach of businesses to include international markets.
Finance This section introduces candidates to the importance of finance to a business. It investigates sources of finance and financial advice when setting up a small business. Candidates will be introduced to basic financial terms and simple cash flow statements. Candidates need to be aware of the difficulties that many new businesses face when attempting to raise funds.
Candidates should be familiar with the main sources of finance available to a small business, including: Candidates should be aware of organisations that can support small businesses.
Candidates need to understand the terms: Candidates should be able to interpret simple cash flow statements. Candidates need to understand the consequences of cash flow problems and that these could lead to the business going into receivership and closing down.
Candidates should be able to recommend possible solutions to cash flow problems, such as re-scheduling payments and receipts of income. Candidates will not be expected to complete a cash flow statement.A range of resources to teach Business Plans at GCSE level.
A range of resources to teach Business Plans at GCSE level. Business-PlansMain-Sections-Video-Notes-Worksheet. Presentation. ppt, KB. This is the latest in the series of simplified marketing notes aimed at Learning Support students of GCSE Business Studies.
The . GCSE Bitesize Mock Exam Subject: Business Studies Tier: Higher Marks available: Time allowed: 1 hour and 15 minutes Marks available are given at the end of each section.
Read each question carefully before answering it. A business plan is a report by a new or existing business that contains all of its research findings and explains why the firm hopes to succeed.
A business plan includes the results of market research and competitor analysis. Some of my earlier resources, for general GCSE Business Studies, hopefully everything has uploaded correctly but if it hasn't then please get in touch with me.
I am hoping that this gives you a starting point for your lesson and that you are able to either further develop it or use it as it is. Business Studies. Video. A Bitesize guide to business structure. Our experts talk you through start-ups, limited companies, business plans and more.
A business plan is a written document that describes a business, its objectives, its strategies, the market it is in and its financial What is a business plan?A business plan is a written document that describes a business, its objectives, its strategies, the market it is in and its financial timberdesignmag.com business plan has many functions, from securing .