OSHWAL ACADEMY NAIROBI – JUNIOR HIGH SCHEMES OF WORK SUBJECT: Cambridge IGCSE Business Studies 0450 Academic Year:2023/2024 Year Group: 10 Prepared by: Mrs. Kulkarni Savita For examination in 2024 Unit 1: Understanding Business Activity Unit outline The unit starts by exploring how business activity is used to help produce the goods and services to meet our needs and wants. Key terms such as opportunity cost, specialisation and added value are introduced. It then examines the concept of what a business is – in terms of why they exist, the different ways they can be classified, how and why some businesses grow but others remain small and some fail to survive. The unit ends with a consideration of other groups of people who have an interest in business activity, how these different groups might have varying objectives, and finally analysing the implications of particular business decisions in terms of possible conflicts. Unit learning outcome and cross-curricular link: (What student must be able to do at the conclusion of the unit and how the unit links to other subjects) The topics of business ownership and enterprise lends themselves well to learners setting up their own business within the school or college and this can be a very useful mechanism for an enterprise activity and is also very helpful for developing other aspectsofthecourse(especiallymarketing, finance and accounting). YEAR 10 week 1 Syllabus ref & topic 1.1 Business activity Learning objectives Candidates should be able to: BUSINESS DEPARTMENT SCHEMES OF WORK 2023 -2024 TERM 1 SUBJECT: BUSINESS STUDIES [0450] Suggested teaching and learning activities Learners should be able to understand the purpose of business activity. An effective start is to find out what learners think Business Studies is all about. You might want to get learners to make a presentation in groups to address the question:What makes a successful business? Learners should be able to demonstrate Explain how businesses produce goods and services. Arrange learners in groups and ask them to produce a list of their needs and wants. All the endorsed textbookshave activities based on this. You can extend this to discuss what is likely to happen to the quantity of goods and services (such as food, clothing and computers) that people will want in the future and whether it will be possible to meet these wants Draw outthe key features of the course (Marketing, HumanResource Management, Finance, Operations Management). You might want to produce a mind map based on learners’ responses. Learning resources Online: www.bized.co.uk/educato rs/typein/busactivityintro11 (lesson activities) What is a business?: www.bbc.co.uk/schools/ gcsebitesize/business/aims /aimsactivitiesvid.shtml (video) Textbooks: 2 1.2 Classification of businesses an understandin g of business activity in adding value and helping to satisfy the needs of customers in a changing competitive environment. Discuss the complete process from source to finished product in making furniture (from forest to customers’ room) bringing out concepts of customer, value added, consumer needs. Describe and classify business activity in terms of primary,secon dary and tertiary sectors. Learners could distinguish between private sector and public sector business activities. Learners could group the businesses identified in earlier activities into the relevant sector. This could be covered under 1.5 business objectives below. Sectors of industry – lesson suggestions & activities (OPITO): http://download.businesscasestudies.co.uk/retrieve_opito15 b3BpdG8vdGVhY2hlcnMvMTUvbGVzc29uLXN1Z2dlc3Rpb25zLnBkZnx8 Learners should be able to demonstrate an awareness of the changes that have taken place in these sectors in different countries. Learners should be able to classify business activities between private sector and public Cambridge IGCSE Business Studies Nuttall and Houghton page 14 This could be combined with syllabus ref 1.2 to also bring out primary, secondary and tertiary sectors. Video asking the question: What is a business? www.bbc.co.uk/schools/gcsebitesize/business/aims/aimsactivitiesvid.shtml Various lesson activities can be accessed here: www.bized.co.uk/educators/typein/busactivityintro11 Cambridge IGCSE Business Studies Nuttall and Houghton Chp 1 activity 1.1 and 1.2 IGCSE Business Studies (3rd edition) Borrington Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton IGCSE Business Studies (4th edition) Borrington and Stimpson Complete Business Studies for Cambridge IGCSE & O Level Titley IGCSE Business Studies Business Studies for IGCSE Dransfield, et Cambridge IGCSE Business Studies Revision Guide Houghton sector in a mixed economy. 3 1.3 Enterprise, business growth and size Learners should be able to identify characteristics of successful entrepreneurs. Learners should be able to identify and explain what is included in a business plan and be able to explain how business plans can assist entrepreneurs. You might want to start this topic with a video clip or arrange for a local entrepreneur to speak to the class about setting up their business. Learners could consider the characteristics the person has and issues they might have had to deal with in setting up the business. Learners then need to explore other qualities that entrepreneurs have. For instance learners could look online for successful entrepreneurs or interview local entrepreneurs. (I) Learners are likely to enjoy exploring the careers of entrepreneurs. They could be required individually, or in small groups, to research the career of a successful entrepreneur from their own country and compare that with the career of a successful entrepreneur from another country, e.g. Cheung Yan (also known as Zhang Yan), head of the Nine Dragons paper recycling and packaging firm and James Dyson, industrial designer and inventor of the bag-less vacuum cleaner. (I) Extension activity: ask learners to consider what the essential qualities of a successful entrepreneur are. (I) Learners could then give a presentation on their findings to the whole class. A basic activity would be to get learners to work in groups to consider what should be included in a business plan. They could research this on the internet or obtain templates from local banks. (I) They could then present their findings to the whole class.(I) Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton IGCSE Business Studies (4th edition) Borrington and Stimpson Complete Business Studies for Cambridge IGCSE & O Level Title IGCSE Business Studies Jones Business Studies for IGCSE Dransfield, et Cambridge IGCSE 4 Business start ups Learners should be able to identify methods that Governm ents might use to help business start–ups and explain why they help such business es. Entrepreneurs: www.tutor2u.net/blog/index.php/business-studies/comments/qa-what-is-an-entrepreneur-and-whatcharacteristics-do-entrepreneurs-need-t www.bbc.co.uk/schools/gcsebitesize/business/aims/publicsectorvid.shtml (video about entrepreneurs) www.bized.co.uk/educators/level2/busactivity/activity/enterprise13.htm (activity) http://businesscasestudies.co.uk/teacher-resources/#axzz2RIcbMiL2 (link to case study material on enterprise) Business Studies Revision Guide Houghton is required to access resources, but this is free) It might be possible to arrange for the class to visit a bank or, if not, to arrange for a speaker from a bank to give a talk to the class. There arealso a number of online resources for this topic. For example many bank websites provide information about business plans and start-ups which you might find useful. The second tutor2u reference has a helpful summary of some UK based bank resources. The TES and BBC websites have video clips and activities for schools that you can use. This topic is a good starting point if you plan to let learners start up a business venture. The various elements can be introduced and built up throughout the course. As a basic activity, learners might be asked to discuss or select methods from a list provided by the teacher. You could use newspaper or magazine articles to consider what methods entrepreneurs use. A more challenging approach could be to ask learners to find out what methods are available to businesses in your country. Learners could present their findings as a poster, report or presentation to the whole class. (I) 5 5 1.3 Enterprise, business growth and size 1.3 Learners should be able to show knowledge and understanding of the methods and problems of measuring the size of business. Learners should be able to explain Learners could be split into groups to classify a variety of businesses by turnover, labour, capital employed, outlets. Problems could be brought out through a class discussion of the results. A basic activity would be to get learners use the internet or newspaper articles to explore the different ways that businesses have grown. In groups, learners could discuss the reasons why some businesses have grown and others remained small. Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton IGCSE Business Studies (4th edition) Borrington and Stimpson Complete Business Studies for Cambridge Textbooks: Cambridge IGCSE Business Studies Nuttall Enterprise, business growth and size reasons why businesses might want to expand, as well as reasons why some businesses remain small and some fail. describe the different ways that businesses can grow, the problems linked to growth and be able to suggest how these problems might be overcome. 6 1.3 Enterprise, business growth and size Learners should be able to identify the causes of business failure and be able to explain why new businesses are at a greater risk of failure and Houghton http://businesscasestudies.co.uk/teacher-resources/#axzz2RIcbMiL2 (follow growth for case studies and resources) www.sba.gov/content www.bbc.co.uk/news/10174292 (video on growth of business) The tutor2u website www.tutor2u.net/business/worksheets/Business-Growth-Basics.pdf also has a worksheet that you might use to check learners understanding of basic terms. In addition, there are a number of activities that you could use from the business case studies website, based on companies such as Bibby and Northern Rock. IGCSE Business Studies (4th edition) Borrington and Stimpson Complete Business Studies for Cambridge IGCSE & O Level Titley IGCSE Business Studies Jones Business Studies for IGCSE Dransfield, Newspaper articles can be used to illustrate business failure; the learners could be divided into groups and asked to discover any evidence of business failure in their own country’s economy. They could then present their findings to the whole class. Extension activity: learners could be given particular issues to prepare presentations on, such as whether they think these businesses should have been helped and justify their reasons to the class. (I) There is some useful data on failure rates which you might want to use as part of the discussion. Alternatively, it might be possible to arrange for a speaker from a bank or local business to give a talk to the class to explain some of the problems facing new businesses. There is also a short video clip which highlights the problems of one particular business. Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton IGCSE Business Studies (4th edition) Borrington and Stimpson Complete Business Studies for Cambridge IGCSE & O Level Titley www.bbc.co.uk/news/business-16394241 (general video on issues facing new businesses including why they can fail) www.sba.gov/content/what-are-major-reasons-small-business-failure (information) IGCSE Business Studies http://businesscasestudies.co.uk/business-theory/strategy/business-failure.html#axzz2Q3FHktX8 Business Studies for IGCSE Dransfield, http://smallbiztrends.com/2012/09/failure-rates-by-sector-the-real-numbers.html 7 1.4 Types Identify and of business explain the main organisation features of different forms of business organisation. You might want to divide learners into groups. You might want to provide them with information about the main features of different forms of business organisation. Learners could then categorise features into advantages and disadvantages. A more challenging activity would be for learners to research the information, and then present their findings to the class as a summary table of advantages and disadvantages of each business type. Extension activity:learners could be asked to investigate the various types of business in the local area. As a group or class, learners could comment on the suitability of that form for each business. Alltextbooks cover the material and have a variety of activities that you can use. In addition, there are some interesting case studies to highlight features of different forms of business organisation. You might want to invite speakers from different businesses to talk to learners about this topic. Alternatively, you might want to consider learners setting up their own limited company for an enterprise activity within the school/college. This activity could then be used to tie in many other aspects of the syllabus. For revision, learners could answer the revision or summary questions in the various textbooks (or accompanying CD-ROMs). Alternatively, learners could produce their own mind map outlining the different forms of business organisation. You might want to use the example as a guide. (I) www.bized.co.uk/educators/level2/busactivity/presentation/busorgs1_map.htm or www.dineshbakshi.com/phocadownload/types-of-business-organisation.pdf (mind map introduction/ summary) Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton IGCSE Business Studies (4th edition) Borrington and Stimpson Complete Business Studies for Cambridge IGCSE & O Level Titley IGCSE Business Studies Business Studies for IGCSE Dransfield, et al Cambridge IGCSE Business Studies Revision Guide Houghton www.bbc.co.uk/schools/gcsebitesize/business/aims/limitedcompaniesvid.shtml (video) http://businesscasestudies.co.uk/business-theory/strategy/types-ofbusinesses.html#axzz2RIcbMiL2 (notes and case study links) 8 1.5 Business objectives and stakeholder objectives Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton pages 15– 16 Learners should be able to identify the need for business objectives, explain the different objectives that businesses might have as well as explain the importance of them. Learners need to explore how objectives can change over time, depending on many factors. Learners should be able to identify the Social enterprises: www.socialenterprise.org.uk/about/about-social-enterprise (information and link to video clips) IGCSE Business Studies www.tutor2u.net/business/gcse/enterprise_social_enterprise.html (information) Cambridge IGCSE There is a good case study about Anglo American for this topic, in the online resources. This can be used for both basic and challenging activities depending on the class requirements. It might be useful to show a short video clip about social enterprise, from the first online resource. Learners could discuss the difference between various other organisations. (I) Learners could explore more about social enterprises locally. Alternatively, they could use the online resources and case studies to discover the objectives of these organisations. They could present their findings to the whole class or as a report. (I) http://download.businesscasestudies.co.uk/retrieve_anglo american_15_YW5nbG8tYW1lcmljYW4vdGVhY2hlcnMvMTUvbGVzc29uLXN1Z2dlc3Rpb25zLnBkZnx8 IGCSE Business Studies (4th edition) Borrington and Stimpson Complete Business Studies for Cambridge IGCSE & O Level Titley objectives of social enterprises. 9 1.5 Business objectives and stakeholder objectives Learners should be able to identify the main stakeholders, and their different objectives. explain reasons why their objectives might conflict. the aims and objectives of enterprises in both private and public sectors. www.guardian.co.uk/society/socialenterprises (articles and information) Arrange learners into groups and ask them to identify stakeholders in a business by identifying them in a case study or an annual report, using the online and textbook sources identified. Learners could present their findings to the whole class. This is a very suitable topic for role play, discussions and presentations. Groups of learners could be asked to research one stakeholder’s views. The groups could then present their arguments to the rest of the class. Based on the points presented, learners could then be asked to make a decision and asked to justify their views. Business Studies Revision Guide Houghton Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton IGCSE Business Studies (4th edition) Borrington and Stimpson For additional or alternative material, there is a good case study about Nestlé which you might find useful. There are suggestions and ideas that can make for additional basic or challenging activities.(I) Complete Business Studies for Cambridge IGCSE & O Level Titley A basic activity would be to ask learners to compare the objectives of a public sector business (e.g. a hospital or school) with those of a private sector business. IGCSE Business Studies Jones 2: People in business Unit outline The unit starts with a consideration of motivation. It then moves onto explore the different ways that businesses can be organised. It not only looks at the role of management in trying to motivate employees but how their actions can help achieve its objectives. The unit then moves on to consider human resource management, and the various stages this involves. Finally, the difference between internal and external communication is explored, with reference to the issue of communication barriers and how these can be overcome to ensure effective communication with all stakeholders can be achieved. Unit learning outcome and cross-curricular link: (What student must be able to do at the conclusion of the unit and how the unit links to other subjects) It is important that learners take an interest in issues involving the work place, and it is useful if learners have the opportunity for part-time work or work experience. The topics are ideal for getting managers into the classroom to give the benefits of their experience or visits to local businesses. They can also lend themselves to Enterprise activities. Week Syllabus ref & topic Learning objectives Candidates should be able to: Suggested teaching and learning activities 10 2.1 Motivating workers Learners should understand why people work. Learners are likely to find motivation interesting and have views on the subject. Therefore a good way to start the topic is through a class discussion. There are a number of examples in textbooks that you could use to support the discussion. 10 2.1 Motivating Learners should be able to understand the concept of motivation, and the importance of the various motivation theories Learners should Extension activity:ask learners to construct a questionnaire of learners, parents, teachers and others to identify which needs are important to different people which they could present in a chart or report. It is not necessary to emphasise the history of the theory of motivation. What learners need to understand is what motivates employees in a range of business situations. In addition, there are plenty of activities linked to case studies based on companies such as Kellogg’s, ARM, enterprise, Tesco’s and Siemens that can be accessed from the online resources. There are suggestions and ideas that can make for additional basic or challenging activities. (I) http://businesscasestudies.co.uk/teacher-resources/#axzz2QMKdCJYU(link to variety of motivation case studies All the textbooks cover the material for this topic and have a variety of activities for this topic. Learning resources Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton IGCSE Business Studies (3rd edition) Borringtonand Stimpson Complete Business Studies for Cambridge IGCSE & O Level Textbooks: workers 11 2.2 Organisation and management be able to identify and explain the different methods of motivating employees and be able to select and justify appropriate methods to use in a range of different situations. Learners should be able to draw, interpret and explain simple organisational charts. to understand the roles, responsibilitie s and relationships between people in organisations to identify and explain the functions of management. 12 2.2 Organisation and management Learners should be able to identify and explain the different As a basic activity, learners could study some newspapers to discover different payment methods. For example a range of job advertisements that include a range of financial and non-financial rewards. This could be used to promote discussion on differing rates of pay and payment systems. For additional activities, there are a number of case studies with resources based on companies such as Aldi, Harrods, Asda and Network Rail which you might find useful. http://businesscasestudies.co.uk/business-theory/people/benefits-of-employer-and-employee-cooperation.html#axzz2RIcbMiL2 (Links to Harrods, Aldi, network rail case studies) Learners could be divided into groups and asked to a draw an organisational chart for your own school/college. All the textbooks cover the basic information and have accompanying activities to illustrate key points. The Bized website has some useful diagrams to show different organisational structures: www.bized.co.uk/reference/diagrams/Organisation-Structured-by-Product Cambridge IGCSE Business Studies Nuttall and Houghton IGCSE Business Studies (3rd edition) Borringtonand Stimpson Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton IGCSE Business Studies (3rd edition) Borringtonand Stimpson As a basic activity, the class could brainstorm what a manager does. This could lead to a discussion on the role of management. IGCSE Business Studies Jones Learners could discuss the leadership requirements of: an army commander, a teacher, a head of state, a football coach. A more challenging way, would be to ask various groups to interview or observe a variety of managers to identify key features of their management style. (I) Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton It may be useful to get a school/business manager to give a talk about how they manage people. leadership styles and be able to recommend an appropriate leadership style in agiven situation Learners should understand what a trade union is and the benefits to workers of being members This topic also allows the opportunity to use role play to see the effect of different management styles on people. Someone could act out one management style to see how they react to different styles. The tutor2u website has some useful video clips to illustrate the different leadership styles. www.tutor2u.net/blog/index.php/business-studies/comments/leadership-styles-lead-like-a-swan (video clip about a style for a crisis) www.tutor2u.net/blog/index.php/business-studies/comments/leadership-styles-for-effectivechange-management-morgan-freeman-style (video clip for autocratic management) As a basic activity, you could get learners to consider why trade unions exist. Extension activity: learners should find out about the work of trade unions.(I) As an additional activity, you might want to follow a dispute in news media. This could be covered with legal controls IGCSE Business Studies (3rd edition) Borringtonand Stimpson Complete Business Studies for Cambridge IGCSE & O Level Titley IGCSE Business Studies Jones YEAR 10 week Topic 1 2.3 Recruit ment, selectio n and training of workers Learning objectives Learners should be able to identify and explain the main stages of recruitment and understand the difference between internal and external recruitment. BUSINESS DEPARTMENT SCHEMES OF WORK 2023 -2024 TERM 2 SUBJECT: BUSINESS STUDIES [0450] Suggested teaching and learning activities Learning resources You might want to start the topic with an activity in which you use job advertisements from local and national newspapers to develop aspects of recruitment. This could lead to a discussion about the difference between internal and external recruitment and when to use each method. Online: www.bized.co.uk/educators/1619/business/hrm/presentation/b uscomm_map.htm (mind map) Learners need to explore the various stages of recruitKment. This could be done by visiting websites of recruitment agencies or arranging a speakLLer. http://download.businesscasest udies.co.uk/retrieve_kelloggs_1 7_a2VsbG9nZ3MvdGVhY2hlcn MvMTcvbGVzc29uLXJlc291cm NlLWNvbW11bmljYXRpb24ucG RmfHw= (Kellogg’s case study) All the textbooks cover the basic material, and have a variety of activities that learners can do for each stage of the process. (I) Learners should be able to identify and explain the benefits and limitations of part-time and full-time workers. Learners might have prior knowledge of stages of the recruitment process through part-time work or other activities. This will influence which activities you might use. The Scottish Power case study has a number of activity suggestions that you might find helpful. There are also case studies on this website based on McDonalds and Arcadia to use. A more challenging approach would be to give learners some information about a job vacancy, ask them to work in groups to produce the necessary documents. 2 Importance of training to a business and employees. Learners work in pairs to mind map possible reasons why training is done and share ideas as a class to confirm. Benefits and limitations of induction training, on-the-job and off-thejob training. Provide learners with factsheets on a range of jobs – including a lawyer, teacher, doctor, shop assistant, farm worker, factory worker. Learners produce newspaper headlines to highlight the training requirements needed for each job. (I) Use a video to introduce induction training, or part of an actual induction training video, for example: www.youtube.com/watch?v=ZCN-EFku2bs Textbooks: IGCSE Business Studies (3rd edition) Borrington and Stimpson page 126, 127 Complete Business Studies for Cambridge IGCSE & O Level Titley page 168, 170 Online: www.bized.co.uk/educators/1619/business/hrm/presentation/b uscomm_map.htm (mind map) http://download.businesscasest udies.co.uk/retrieve_kelloggs_1 7_a2VsbG9nZ3MvdGVhY2hlcn MvMTcvbGVzc29uLXJlc291cm NlLWNvbW11bmljYXRpb24ucG RmfHw= (Kellogg’s case study) Discuss and confirm the benefits of induction training for employees. Divide the class into groups. Half the groups research advantages and disadvantages Textbooks: IGCSE Business Studies (3rd of on-the-job training and the other half research off-the-job training. Each group are paired with another group who has researched the other type to explain to each other what they discovered. Provide learners with a number of different scenarios - business introducing a new computer program into the accounts department, or someone starting a job as a waiter in a restaurant – to decide on an appropriate training method. (F) (I) Check understanding by asking plenary questions 3 Learners should be able to explain the difference between dismissal and redundancy. Learners should be able to identify and explain situations when downsizing may be necessary. 4 Learners should be able to identify factors and be able to explain and justify which workers should be recruited/made redundant in given circumstances. 2.4: Explain the main types internal of legal control relating and to employment issues external and understand their commu impact on employers nication and employees. Discuss reasons why some people leave their jobs. Define ‘redundancy’ and ‘dismissal’ and learners add terms to glossary. Learners work in pairs to identify whether workers have been dismissed or made redundant in a number of scenarios such as a factory closes down, or a worker takes products from the shop. As a class, discuss possible reasons why a business might need to reduce the size of its workforce. Explain the factors to consider when making workers redundant. Provide learners different scenarios - a large cell phone manufacturer decides to close a factory or a retailer looking to open a new shop - to discuss and decide which workers should be selected for redundancy or recruited. Encourage learners to use questions such as How or Why to develop ideas and explore further ideas. Further information about costs, and numbers can be provided as necessary. Confirm through whole class discussion and add ideas in. Explain the main types of legal controls relating to employment issues. Learners complete a card sorting activity in which they have to match the effect of a given legal control to either employee or employer. Learners use case studies or local examples to discuss situations covered by legal controls. In each one, learners explain how the how legal controls affect both employees and employers. Emphasise to learners that they do not need to know details of specific laws. (F) edition) Borrington and Stimpson page 126, 127 Complete Business Studies for Cambridge IGCSE & O Level Titley page 168, 170 Online: http://download.businesscasest udies.co.uk/retrieve_kelloggs_1 7_a2VsbG9nZ3MvdGVhY2hlcn MvMTcvbGVzc29uLXJlc291cm NlLWNvbW11bmljYXRpb24ucG RmfHw= (Kellogg’s case study) Textbooks: IGCSE Business Studies (3rd edition) Borrington and Stimpson page 126, 127 Complete Business Studies for Cambridge IGCSE & O Level Titley page 168, 170 Online: www.bized.co.uk/educators/1619/business/hrm/presentation/b uscomm_map.htm (mind map) http://download.businesscasest udies.co.uk/retrieve_kelloggs_1 7_a2VsbG9nZ3MvdGVhY2hlcn MvMTcvbGVzc29uLXJlc291cm NlLWNvbW11bmljYXRpb24ucG RmfHw= (Kellogg’s case study) Textbooks: IGCSE Business Studies (3rd edition) Borrington and Unit 3: Marketing Recommended prior knowledge The unit requires little in the way of prior knowledge but will draw heavily on learners’ own experiences as customers and consumers. Some understanding of the ideas of Units 1 and 2 would also be useful, particularly aspects to do with size and objectives and different departments in a business. It is therefore suggested that this unit is studied after both Units 1 and 2, although this is not essential. Context The purpose of this unit is to give learners an understanding of marketing, its role and functions, together with some development of market research. Teaching should be based on practical examples of marketing strategies where possible, drawn from the local business environment, or possibly through an enterprise activity. It links back to Unit 1 as businesses are trying to meet customer needs and wants. Marketing budgets and pricing have relevance to Unit 4 (costs) and Unit 5 (income statements and profitability.) There are also close links between 3.4.3 (the opportunities and problems of entering new markets abroad) with Unit 6.3 (business and the international economy). Outline This unit is a relatively large unit. It starts by considering what the role of marketing is, how market changes might affect businesses, and how businesses target customers. It then looks at the different methods of market research and how businesses can use these results to help their marketing activities. The unit then moves on to consider the four main elements of the marketing mix, and these can be used to create an effective marketing strategy. It also considers how technology has created both opportunities and threats for businesses. The unit ends with a consideration of the issues facing businesses who want to sell their goods and services abroad. week Topic 5 3.1: marketing, competition and the customer. 3.1.1: the role of marketing 3.1.2: market changes Learning objectives Suggested teaching and learning activities Learning resources Learners should be able to identify customer needs, and understand how and why it is important for businesses to satisfy the needs of both existing and new customers. You might want to introduce the topic with a brainstorm to identify some marketing strategies of businesses using newspapers, magazines, learners’ experiences and so on. This can lead to discussion of key concepts such as different types of markets, objectives of marketing, customer needs, customer loyalty. (W)(Basic) www.indiatimes.com/ (India) There is a case study on technology in Borrington and Stimpson (4th) (page 141), which could be used as the basis for discussion. (W or G) As a basic activity there is a question in Dransfield et al (page 103). On page 80 there is a useful case study, and three questions about the use of marketing in making decisions. There are also questions in Nuttall and Houghton (page 125) about customer needs. (I or G) (Basic/Challenging) There are activities for marketing objectives in Borrington and Stimpson (3rd) (pages 252 and 253). To extend this, there is an activity on page 196 of Titley. (Basic/Challenging) Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton page 125 IGCSE Business Studies (3rd edition) Borrington and Stimpson pages 252 and 253 Complete Business Studies for Cambridge IGCSE & O Level Titley page 196 0450 past examination papers: Jun 2012 Paper 11 Nov 2011 Paper 12 Jun 2011 Paper 12 Jun 2011 Paper 11 6 3.1.3: niche and mass market 3.1.4: market segmentation Learners should be able to identify and explain the benefits and limitations of each approach to marketing (niche and mass). Learners should be able to identify how and why market segmentation is undertaken. They should be able to select and justify an appropriate method of segmentation in given circumstances As a basic activity, You could ask learners to compare a mass market product (e.g. Coca-Cola) with a niche market product (e.g. Diet Coke). Dransfield et al has an interesting case study looking at tourism in Jordan (page 89). (I or G)(Basic/Challenging) Online: http://businesscasestudies.co.uk/ australia/#axzz2Qhyamhln (case study) Give the learners a product for them to identify the different segments of the market. (Basic) To extend this, learners could explore how other products and services are segmented. (Challenging) Textbooks: IGCSE Business Studies (3rd edition) Borrington and Stimpson page 254 Borrington and Stimpson (3rd) has a useful table (page 254) on ways to segment a market. There are also activities on segmentation in Jones (pages 118, 121). Segmentation is usefully covered in the Australia Tourist commission case in the Times100. The second exam-style question in Borrington and Stimpson (4th) (page 141) could be used for formative assessment. For review, learners could be asked to answer the summary / review questions for these topics in the textbooks. As formative assessment, Jones has questions on pages 112 and 117. (Basic/Challenging) 6 3.2: market research 3.2.1 3.2.2 . Learners should understand the need for market research. They should be able to identify and explain the stages of market research and be able to explain the limitations of market research data. Learners should be able to present, analyse and interpret simple market research information. An effective start is to choose an appropriate topic e.g. identify a gap in the market such as a local vacant shop or what to sell in school. Get learners to carry out a market research exercise including some primary research in the form of carrying out a questionnaire survey. Also carry out secondary research on the topic chosen of suitable internet sites for the research. This could very usefully be tied in with the promotion section below or an enterprise activity. Learners could then present their results in an appropriate manner and appraise each other’s work – especially the accuracy of the information gathered. If, for example, soft drinks were chosen learners could go to Coca-Cola or Pepsi for their secondary sources. See also resource list. (Basic/Challenging) All the textbooks cover the basic information and have a range of activities for this topic. For example, Nuttall and Houghton has a useful table summarizing advantages and disadvantages of different research methods. Jones has activities on pages 107, 109, 111 and 112 on research methods. Titley has data questions on pages 211, 213 and 214 for learners to practise data presentation. Borrington and Stimpson (3rd) (page 269) has a basic activity on the limitations of different methods. (G and I)(Basic/Challenging) For revision, learners could read pages 114–117 of Houghton, and use this to produce a summary mind map. You could use the Bized mind map as a guide. To sum up, Dransfield et al has three summary questions (pages 83 and 85), IGCSE Business Studies Jones pages 112, 117, 118, 121 IGCSE Business Studies (4th edition) Borrington and Stimpson page 141 Business Studies for IGCSE Dransfield, et al page 89 0450 past examination papers: Nov 2012 Paper 13 Nov 2012 Paper 13 Nov 2012 Paper 22 Online: www.bized.co.uk/educators/1619/business/marketing/presentati on/research_map.htm (mind map) www.bized.co.uk/educators/1619/business/marketing/lesson/res earch.htm (lesson ideas) www.coca-cola.com or www.pepsico.com Textbooks: IGCSE Business Studies (3rd edition) Borrington and Stimpson page 269 Complete Business Studies for Cambridge IGCSE & O Level Titley pages 211, 213 and 214 IGCSE Business Studies Jones pages 107, 109, 111 and and there are also multiple-choice questions on the CD-ROMs that accompany the Jones and Titley textbooks. To extend this, page 164 of Borrington and Stimpson (4th) also has exam-style questions. (I) (Basic/Challenging) which could be used as part of formative assessment. There are also exam-style questions in Houghton (pages 119 and 125). In addition, the Bized website has a number of lesson ideas that you might find useful. 7 3.3: marketing mix 3.3.1: product Learners should be able to identify and explain the costs and benefits of developing new products. Learners should be able to explain the concept of brand image and its impact on sales and customer loyalty. Cambridge IGCSE Business Studies Revision Guide Houghton pages 114–117, 119 and 125 Online: www.dyson.com, Focusing on the product itself, Borrington and Stimpson (3rd), has information on what makes a product successful, and an activity (page 228). (Basic) In Titley, there is also a useful flowchart for a typical product development (page 225). http://businesscasestudies.co.uk/k elloggs/extending-the-product-lifecycle/#axzz2Qhyamhln (extension strategies) Learners could compare the brands for a particular product. A product such as mobile phones could be taken as an example and study of how products change in relation to recent developments. To extend this, see case study (page 288) of Borrington and Stimpson (3rd), (Basic) http://businesscasestudies.co.uk/ hutchison-3g/market-leadershipin-the-3gmarket/#axzz2Qhyamhln (product lifecycle and strategy) Learners then need to explore what a brand is and its impact on sales and customers. For instance, using the phones again, learners can discuss which products are popular, and why. (G)(Basic) Titley has a useful table of popular brands (page 226), as well as a useful activity. There are also activities in Jones (page 126), and Borrington and Stimpson (3rd) (page 290) and a case study in the 4th edition (page 171). Learners could look at the packaging of two products, and discuss why they are packaged this way. Learners could then design the packaging for a product e.g. food product. (I or G)(Basic) To extend this, learners could write a report or present the packaging and justify the reasons for this particular design. (Challenging) Learners should be able to draw and interpret a product life cycle diagram. They should Business Studies for IGCSE Dransfield, et al pages 83 and 85 You might want to start this section with a brief introduction to the marketing mix. As a basic activity, learners could look at a familiar product to consider the how it is marketed in terms of price, product, place and promotion. (Basic) To extend this, there is an activity on page 91 of Dransfield et al.(Challenging) There is some interesting material on product development on the Dyson and BP websites. Identify and explain the role of packaging. 112 There are helpful summary diagrams in Dransfield et al (page 92) and on the purposes of packaging Jones (page 127) and Borrington and Stimpson (3rd) (page 292) have activities on the topic. (Basic/Challenging) As a basic activity, the teacher could draw three different product lifecycles on www.bpamoco.com http://businesscasestudies.co.uk/ nestle/kit-kat-revitalising-a-brandleader/#axzz2Qhyamhln (extension strategies Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton page 145 IGCSE Business Studies (3rd edition) Borrington and Stimpson page 228, 288, 290, 292, 295 Complete Business Studies for Cambridge IGCSE & O Level Titley page 225, 227–229 IGCSE Business Studies Jones page 127, 129 be able to identify and explain the main stages of the product life cycle, including extension strategies; and explain how stages of the product life cycle can influence marketing decisions. the board. Learners could discuss the possible reasons and consequences of each pattern. An important activity for learners is to read the two tables in Titley which explain the different stages and the impact of each stage on marketing decisions (pages 227–228). To extend this, there are activities in Nuttall and Houghton (page 145), Borrington and Stimpson (3rd) (page 295). There are more challenging questions in Titley (page 229). For formative assessment, there is an exam-style question in Jones (page 129). (Basic/Challenging) It is important to consider the implications and options for extending the product life cycle for a range of products. In addition to the textbooks, there are some useful case studies on this topic involving companies such as Kellogg’s, Hutchinson and Nestle (see online resources). For assessment purposes, Borrington and Stimpson (4th) (page 167) has two exam-style questions. 8 3.3.2: price Learners should be able to identify and explain the main pricing methods, and be able to select and recommend an appropriate pricing method in given circumstances. As a basic activity learners could compare prices of a consumer good between different brands and different outlets. If there are few outlets locally, the internet could be used. There are many price comparison websites which learners could use. (G)(Basic) Learners could then explore the different pricing methods. Answering the questions in Jones (pages 132 and 133) would be useful. There are also activities in Nuttall and Houghton (page 147). This book also has a helpful diagram (page 149) outlining the main features of each method. Learners also need to consider which methods to use in different situations. There are activities in Borrington and Stimpson (3rd) (page 311), Nuttall and Houghton (page 150), Titley (page 238) and Jones (page 133). (Basic/Challenging) Learners should understand the significance of price elasticity of demand. Alternatively groups of learners could be asked to investigate possible pricing strategies for different products and present their findings to the class (basic) and justify which method should be used. This is quite a difficult topic for learners, but one that they can find interesting. Teacher could lead a discussion on the relationship between price and demand. There is a basic activity in Nuttall and Houghton (page 148) in which learners can classify products as elastic or inelastic. To extend learners, there is an activity in Titley (pages 236 and 237). Emphasise to learners that they will not be required to do any calculations. To sum up price elasticity and pricing methods, learners could read pages 135– 136 of Houghton. (I)(Basic) IGCSE Business Studies (4th edition) Borrington and Stimpson page 171, 167 Business Studies for IGCSE Dransfield, et al page 91, 92, 93 Cambridge IGCSE Business Studies Revision Guide Houghton Unit 25 0450 past examination papers: Nov 2012 Paper 12 Nov 2011 Paper 11 Nov 2011 Paper 12 Jun 2012 Paper 12 Nov 2011 Paper 13 Jun 2011 Paper 11 Online: www.kelkoo.co.uk/ www.which.co.uk Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton page 147–149, 150 IGCSE Business Studies (3rd edition) Borrington and Stimpson page 311 Complete Business Studies for Cambridge IGCSE & O Level Titley page 236–238 IGCSE Business Studies Jones pages 132 and 133 IGCSE Business Studies (4th edition) Borrington and Stimpson page 174 Cambridge IGCSE Business Studies Revision Guide Houghton pages 135–136 0450 past examination papers: Nov 2012 Paper 12 Nov 2012 Paper 11 9 3.3.3: Place Learners should be able to Identify and explain the advantages and disadvantages of different channels, and be able to select and justify an appropriate distribution channel in given circumstances For assessment purposes, Borrington and Stimpson (4th) (page 174) has two exam-style questions, which could be used as the basis for formative assessment. For a basic activity, give learners a selection of products and decide how they could be sold, and which method of transport to use. To extend this, learners could be given the case study in Dransfield et al (page 97). This could be used to discuss the importance of distribution. Nov 2012 Paper 13 Nov 2012 Paper 22 Jun 2011 Paper 23 Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton pages 152,154 and 155 In groups, learners could consider the differences between the different distribution channels, by looking at how and where different products are sold.(G) Learners could answer the questions in Borrington and Stimpson (3rd) (pages 334–336). IGCSE Business Studies (3rd edition) Borrington and Stimpson pages 334–336 To extend this there are exam-style questions on page 207 (4th edition only). These could be used as the basis for formative assessment. To extend this, there are also activities in Jones (pages 134 and 139) and Nuttall and Houghton (pages 152,154 and 155), and page 245 of Titley. (Basic/Challenging) 9 3.3.4: Promotion Learners should be able to identify and explain the aims of promotion. They should be able to identify the advantages and disadvantages of different methods of promotion, and explain how they influence sales Learners should be able to explain the importance of a marketing budget, and the need for cost effectiveness in spending the marketing budget. Complete Business Studies for Cambridge IGCSE & O Level Titley page 245 IGCSE Business Studies Jones pages 134 and 139 Unit 27 in Houghton, (pages 140–143) summarises the main advantages and disadvantages of each channel, along with sample exam-style questions for learners. All the textbooks (or accompanying CD-ROMs have revision questions or activities). IGCSE Business Studies (4th edition) Borrington and Stimpson page 207 Learners are likely to enjoy exploring the topic of promotion. They could be required to work individually or in small groups to develop their own advertising strategy for a product of their choice, with a realistic budget. They can research local advertising rates in various media. (Basic/Challenging) Online: http://businesscasestudies.co.uk/ hi-tec-sports/#axzz2RIcbMiL2 (Hitec case study) Learners then need to consider promotion that could be used for a variety of different products. Learners could look at how two or three products are promoted, and discuss whether it is effective. The activity on page 250 of Titley might be a useful. Advertisements do not just have to be on television. To extend this, learners could answer questions on page 253. There are also questions on page 145 of Jones and Borrington and Stimpson (3rd) (page 325). (Basic/Challenging) The 4th edition has a good activity which looks at the role of the internet in promotion (page 198), as well as exam-style question on page 199. http://businesscasestudies.co.uk/r ed-bull/#axzz2RIcbMiL2 (Red Bull case study) The Red Bull and Hitec case studies have some interesting activities on promotion methods. For revision, learners could read pages 146–150 of Houghton, and use this information to produce a summary chart of the different options that would be suitable for different types of businesses. (Basic) Learners could then discuss the marketing budget required in various situations e.g. a local shop, a national supermarket chain, an international business. (G) Textbooks: IGCSE Business Studies (3rd edition) Borrington and Stimpson page 325 Complete Business Studies for Cambridge IGCSE & O Level Titley page 250, 253, 260 IGCSE Business Studies Jones page 145 IGCSE Business Studies (4th edition) Borrington and Stimpson page 198 10 3.3.5: Technology and the marketing mix Learners should be able to identify and explain the concept of ecommerce, and the opportunities and threats of e-commerce for businesses and consumers. Learners should be able to explain how the internet and social networks are used for promotion. YEAR 10 1 3.4.1: Marketing Strategy Learners should be able to select and justify appropriate marketing strategies in a given situation. The activity on page 103 of Dransfield et al might be useful to help teach the concept of a marketing budget and cost effectiveness. (G)(Basic) A more challenging activity is on page 260 of Titley. (I or G)(Challenging) As a basic activity, learners could discuss how and why they do / do not use ecommerce. (G)(Basic) Learners could compare using a retail outlet for a product (e.g. some item of clothing) with buying using e-commerce. To extend this there is an activity in Borrington and Stimpson (4th), (pages 194 and 195) which might be useful. There is a helpful table and also in Houghton (page 38). Jones has two activities (pages 137 and 138). There is some interesting material in the Amway case study (see link) on the opportunities of e-commerce. This could be covered in combination with 3.3.1–3.3.4. Business Studies for IGCSE Dransfield, et al page 103 Online: http://download.businesscasestud ies.co.uk/retrieve_amway_9_YW1 3YXkvdGVhY2hlcnMvOS9sZXNz b24tc3VnZ2VzdGlvbnMuZG9jfHw (Amway case study) Textbooks: IGCSE Business Studies (4th edition) Borrington and Stimpson pages 194 and 195 Cambridge IGCSE Business Studies Revision Guide Houghton page 38 BUSINESS DEPARTMENT SCHEMES OF WORK 2023 -2024 TERM 3 SUBJECT: BUSINESS STUDIES [0450] Learners could be given a practical exercise to develop a marketing plan for a product. (I or G) (Basic) To extend this, they could include consideration of a strategy throughout the life of a product/service. (Challenging) Learners could use the activity on page 341 of Borrington and Stimpson (3rd) as a guide. In addition Jones (pages 146, 148 and 149) has activities based on TATA’s Nano, Virgin Active and Fresh Living magazine. Dransfield et al has a case study on Tesco’s (page 100), A more challenging activity is in Titley (page 258). (I or G)(Basic/Challenging) Online: www.tutor2u.net/business/gcse/ marketing_strategy_introduction. htm (table shows how marketing can help business strategy) Textbooks: IGCSE Business Studies (3rd edition) Borrington and Stimpson page 341 Business Studies for IGCSE Dransfield, et al page 100, 101 Learners could then focus on the impact of these legal controls. Answering the questions in Titley (page 417) (I or G) or Nuttall and Houghton (page 232) or Borrington and Stimpson (3rd) (page 66) might be useful. (Basic) 3.4.2: Legal controls related to marketing 2 3.4.3: opportunities and problems of entering new foreign markets Learners should be able to identify and explain the impact of legal controls on marketing. Learners should be able to identify and explain the opportunities and problems of entering new markets abroad, and understand the benefits and limitations of methods to overcome such problems. Cambridge IGCSE Business Studies Revision Guide Houghton page 156 To extend this, learners could answer the questions in Jones (page 269). (Challenging) An effective way to start this topic would be to use the activity in Dransfield et al (page 41). Learners could then discuss the results to understand why products need to be adapted for different markets. Titley has an activity (page 98) which highlights some of the possible issues. Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton page 60 To extend this, learners could answer the three questions in Nuttall and Houghton (page 60). Jones has some interesting data questions (pages 51 and 52) which are useful. (Basic/Challenging) Complete Business Studies for Cambridge IGCSE & O Level Titley page 98 In addition, Borrington and Stimpson (4th), (page 204) has two activities, as well as some exam-style questions (page 215). (Basic/Challenging) IGCSE Business Studies Jones pages 51 and 52 For revision, learners could answer the three summary questions in Dransfield et al (page 41) or revision questions in the other textbooks or accompanying CD-ROM. (Basic/Challenging) IGCSE Business Studies (4th edition) Borrington and Stimpson pages 204, 215 Unit 4: Operations management Recommended prior knowledge It is useful to undertake this unit after some of the basic groundwork (Unit 1) as learners will need some appreciation of size and the types of businesses as this will influence how they carry out their operations. Context The unit has links with many other units. It links back to Unit 1 as it explains how businesses combine the factors of production together to produce the products and services to meet consumer needs and wants. This also links with Unit 3 as production is used to help satisfy customer needs. An understanding of costs is important for pricing decisions particularly cost plus pricing in Unit 3, whereas new technology will help and allow businesses to develop new and cheaper products (Unit 3.3.1). Costs also have relevance to cash flow forecasting, income statements in Unit 5. The unit lends itself well to visits, particularly if there are manufacturing businesses in the locality. There is a virtual factory on the Bized website (www.bized.co.uk/virtual/cb/welcome.htm ) if you cannot get out to a real factory. Alternatively, videos are available from some of the major manufacturers, particularly car manufacturers, or the BBC has several videos on UK manufacturing businesses. Outline The unit covers a variety of operation management issues. It starts by exploring the meaning of production, and why concepts such as productivity and lean production are important. It then focuses in more detail on the main methods of production before considering how technology has changed how production is carried out. The unit then concentrates on costs, identifying the types and showing how economies of scale can help achieve cost savings for larger businesses as well as the cost implications if businesses grow too large. The unit then moves onto the concept of break-even analysis, showing how cost information can be used to help make simple business decisions. The unit then looks at issue of quality before finishing with a consideration of factors which influence the location and relocation decisions of a business. week Topic Learning objectives Suggested teaching and learning activities Learning resources 3 4.1.1: PRODUCTION of goods and services Learners should understand the importance of managing resources effectively to produce goods and services, and be able to explain the difference between production and productivity. Learners should be able to identify and explain the benefits of increasing efficiency and how to increase it. A basic activity would be for learners to research a local business to find out what resources they use, what they make, and the value of the goods. Or use the activity in Jones (page 151) as the basis for discussion on production and productivity. Online: www.bized.co.uk/educators/level2 /busactivity/presentation/productio n1_map.htm (mind map) There are activities on production and productivity in Jones (pages 154 and 155), Dransfield et al (page 107) and Nuttall and Houghton (page 183). (I)(Basic) Borrington and Stimpson (4th) (page 208) has a helpful diagram that links concepts in Unit 1 and Unit 4, and good summary chart. There is also an activity (page 210) which provides challenging work. (Challenging) Borrington and Stimpson (3rd), (page 349) and tutor2U site has basic information on inventories. Use the case study in Dransfield et al (page 112) to develop an understanding of lean production and waste elimination. http://businesscasestudies.co.uk/ business-theory/operations/stockcontrol.html#axzz2Q3FHktX8 (stock control) www.tutor2u.net/business/product ion/stock-control-introduction.htm (stock control) http://download.businesscasestud ies.co.uk/retrieve_nissan_9_bmlz c2FuL3RlYWNoZXJzLzkvbGVzc2 9uLXN1Z2dlc3Rpb25zLmRvY3x8 (Nissan lean production and quality) 4 Lean Production, Just in time and Kaizen http://businesscasestudies.co.uk/t eacherresources/#axzz2QMKdCJYU (lean production case study ideas) Learners should be able to explain why businesses hold inventories (stocks). Borrington and Stimpson (4th) has some helpful diagrams to explain the main ways of achieving lean production. Answering the questions (pages 212 and 213) might be useful. (Basic) There are also activities in Nuttall and Houghton, (page 184), Jones (pages 165,166 and 168) and Titley (page 276) which provide more challenging work.(Challenging) Learners should be able to explain the concept of lean production, how to achieve it, and the benefits of lean production. The business case studies website has useful materials on this topic. The Nissan case study is particularly useful as it covers quality, lean production and location. Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton page 183, 184 For review, learners should answer the three summary questions in Dransfield et al. There are also exam-style questions in Houghton (page 179). (I)(Basic/Challenging) IGCSE Business Studies (3rd edition) Borrington and Stimpson page 349 Complete Business Studies for Cambridge IGCSE & O Level Titley page 276 5 4.1.2: Methods of production Learners should be able to identify and explain the main features, benefits and limitations of the main methods of production, and be able to select, recommend and justify an appropriate production method for a given situation. A good starter activity would be to get learners to work in groups to make something using the three methods – perhaps in three different groups. An additional activity could be to research into local businesses (or online) to identify what production methods they use. (Basic) Learners might find Borrington and Stimpson helpful as it uses the example of Tara to explain each method. Jones covers the basic material (pages 156– 159). (I) and there are some challenging questions on pages 156, 157 and 158. (Challenging) Nuttall and Houghton has a helpful table outlining the main features (page 171), as well as activities (pages 168, 170, 171 and 172). (I or G)(Basic/Challenging) Learners also need to be able to select the right method for a given situation. There are activities in Borrington and Stimpson (4th) (page 217). For the purpose of review, learners could read pages 158–161 of Houghton, and use the information to help produce a summary chart outlining the advantages, disadvantages and when each method is used. There are also exam-style questions on page 161. (I or G)(Basic/Challenging) To increase learners understanding of the whole of 4.1, and to provide material for formative assessment, the questions at the end of this chapter (page 221) would provide challenging work, as would the chapter review questions in Jones (page 159). (Challenging) Online: www.bbc.co.uk/schools/gcsebitesi ze/business/production/methodsof productionvid.shtml (introductory or summary video) www.dineshbakshi.com/phocado wnload/production_methods.jpg (mindmap) Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton pages 168,170–172 IGCSE Business Studies Jones pages 156–159 IGCSE Business Studies (4th edition) Borrington and Stimpson page 217 Cambridge IGCSE Business Studies Revision Guide Houghton pages 158–161 6 4.1.3: Technology and Production Learners should be able to explain how technology has changed production methods. Learners could be asked to research how technology has changed production methods. (I or G) Look at the effects of introducing new technology into a business – this could be covered when visiting a factory. Emphasise the effects on the business, employees and customers. To extend this, Borrington and Stimpson (3rd) (page 81) and Jones have case studies (pages 33 and 34) which provide more challenging work. (Challenging) Alternatively, there is also an interesting case study and three questions in Borrington and Stimpson (4th) (page 220) which could be used for a group discussion. 0450 past examination papers: Jun 2012 Paper 12 Jun 2011 Paper 11 Jun 2012 Paper 11 Jun 2012 Paper 22 Nov 2011 Paper 21 Online: www.youtube.com/watch?v=3E4h v9qQU7w (Ford virtual factory and efficiency) Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton page 48 IGCSE Business Studies (3rd edition) Borrington and Stimpson page 81 Nuttall and Houghton (page 48) has a summary mind map which you might find useful. This topic should be covered as part of 4.1.1 and 4.1.2. Business Studies for IGCSE Dransfield, et al page 28, 29 7 4.2 Costs, scale of production and break-even analysis Learners should be able to identify and classify costs and use cost data to help make simple cost-based decisions. Learners work in pairs to mind map all the possible costs involved in organising an event and share as a class to confirm. Define fixed costs and variable costs. Emphasise the importance of costs for other topics such as finance and marketing. Provide learners with sort cards to match the key terms to the definitions. Then, working in pairs, learners have to classify ten costs into fixed or variable. Learners research the possible fixed and variable costs of either a local manufacturing or service business. (I) Each group could compare their results with other groups. Add key terms to glossary. Using data, explain how cost data can be used to help make simple cost-based decisions. Learners, in pairs, are given some cost data to apply the points learnt. Suitable questions can be found in the textbooks or on the internet, for example see links below. (F) 8 4.3 Achieving quality production Learners should understand why quality is important and how quality production might be achieved. Present a word cloud based on principles of quality. Challenge learners to guess the term. Discuss the benefits of quality and how this can be important for a business. Learners in pairs are given a list of businesses to rank them by how important quality might be for each one. Each pair then joins with another pair to discuss their results. Confirm with class discussion. Presentation to explain the difference between quality control and quality assurance. Learners are given a sorting activity to identify the characteristics of each type of quality. (F) Add key words to glossary. Use two simple case study examples to show how each method can be used in an appropriate way. Provide learners with a different business situation to discuss and decide whether quality control or quality assurance is the most appropriate method. (F) On completion, each group briefly explains its conclusions to the class. Learners write up as headlines with short notes a summary of the different approaches. (F) Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton Past/specimen papers and mark schemes can be downloaded from the Cambridge IGCSE 0450 syllabus page at www.cambridgeinternational.org/s upport (F) Mar 15 Paper 12 Q1, Paper 22 Q1(b) Jun 15 Paper 11 Q1(c), Paper 22 Q3 Nov 15 Paper 11 Q1(c), Paper 12 Q2(c), Paper 13 Q1, Paper 21 Q3(b) Jun 16 Paper 11 Q3(d), Paper 21 Q4(a), Paper 23 Q1(b) Textbooks: Cambridge IGCSE Business Studies Nuttall and Houghton Past/specimen papers and mark schemes can be downloaded from the Cambridge IGCSE 0450 syllabus page at www.cambridgeinternational.org/s upport (F) Mar 15 Paper 12 Q1, Paper 22 Q1(b) Jun 15 Paper 11 Q1(c), Paper 22 Q3 Nov 15 Paper 11 Q1(c), Paper 12 Q2(c), Paper 13 Q1, Paper 21 Q3(b) Jun 16 Paper 11 Q3(d), Paper 21 Q4(a), Paper 23 Q1(b) 9 4.4 Location decisions Learners should be able to identify and explain the main factors influencing the location and relocation decisions of a business. Learners should be able to recommend and justify an appropriate location for a business in given circumstances. Recap marketing and business start-up to remind learners why location might matter to a business. Discuss possible reasons why the school is located where it is. Learners work in pairs to mind map possible location factors. They then work with another group and are provided with some stimulus to add some more ideas to their mind map in a different colour. Finally share ideas – take feedback from the pairs and discuss and confirm with a class list. Select one type of business – for example a manufacturer or retailer and present the facts about the proposal. Learners working in small groups decide on which factors might influence their choice of location and explain why the factor is important. (I) One or two groups present ideas to the class. In groups learners produce a table outlining the main factors that different types of business would need to consider. Table - location factor, primary sector, secondary sector and tertiary sector. Use a map of the local area or country, and the information to identify an appropriate location for a number of industries – including a retail shop, clothing factory, farm, hotel and power station. (F) Provide stimulus information about two possible locations for a business looking to relocate or set up in a country – learners write up as an advertisement – reasons to set up in one of the locations. (I) (F) Learners summarise the entire topic on paper with a single word. Then write a paragraph to explain your word. (F) Past/specimen papers and mark schemes can be downloaded from the Cambridge IGCSE 0450 syllabus page at www.cambridgeinternational.org/s upport (F) Jun 16 Paper 11 Q3(d), Paper 21 Q4(a), Paper 23 Q1(b) Nov 16 Paper 13 Q3(d), Paper 22, Q4(a), Paper 23 Q2(b) Mar 17 Paper 12 Q2(a), Mar 17 Paper 22 4(a) Jun 17 Paper 13 Q4(a), Paper 21 Q1(a), Paper 22 Q3(b), Paper 23 Q Nov 17 Paper 12 Q2(e), Paper 13 Q1(b), Paper 21 Q3(b), Paper 22 Q3(b), Paper 23 Q3(b) Specimen paper 1 Q2(d) 5. Financial information and decisions Recommended prior knowledge It is recommended that learners have covered Units 1–4 before starting this unit although this is not essential. Prior knowledge of types of business is required (Unit 1) Context The purpose of this unit is to give learners an understanding of the role of finance in business. It probably relates less to learners’ own experience than most other units and will, therefore, require greater guidance from teachers. If learners are involved in starting an Enterprise, much of the unit can be incorporated in the process of setting up and running a business. For the accounting topics, the emphasis is on the interpretation of accounts rather than the production of accounts. Exposure to real accounts and what they tell the learner is important. This unit has a number of links back to Unit 1, as the sources of finances available depend on the type of business. The concept of profit has relevance to Unit 1, as profit is one of the main objectives of private sector organisations, whilst the users of accounts are the stakeholders of businesses. It also links back to the previous unit as break-even analysis is looking to identify the level of output after which a business will make a profit. In addition fixed and variable costs feature in the income statement, and one of the reasons for marketing is to increase sales revenue, which if successful will be recorded in the income statement. Outline This unit starts by considering the need for business finance, and the different sources that are available to each type of business. It then looks at the importance of cash and cash-flow forecasting to a business. It then moves on to consider the elements and uses of income statements and balance sheets. The unit ends with a consideration of how the accounts can be analysed, and how this information might be helpful to the various users of accounts. It is suggested that approximately 17.5% of the course time should be allocated to this unit. week Topic 10 5.1 Business finance: needs and sources Learning objectives Suggested teaching and learning activities Learning resources Explain the need for business finance. Start with a discussion on what learners like to spend money on and where this money comes from and then discuss why a business needs finance. Define start-up capital, capital for expansion and working capital and add key terms to glossary. Learners complete an activity to classify a list of costs as either start-up, expansion or additional working capital. Learners exchange these lists with other pairs for feedback. Define ‘sources of finance’. As a class, create a list of sources on the board. If possible, arrange for a business advisor or someone from the bank to give a talk on the different types of finance available to businesses in your country. Alternatively, Place learners into small groups – each group researches the benefits and disadvantages of one source of finance (from the list specified in the syllabus). They produce a presentation and revision/factsheet and present to their peers. Consolidate learning with a card sorting activity (learners have to place cards to the appropriate source of finance. (F) Explain some points can apply to more than one method.) Add all key words to glossary. Whole class discussion on factors to consider when selecting a source of finance. Emphasise the implications of the different alternatives in terms of the amount of capital that could be raised and the risks involved with each option. Learners need to be aware of the different options available to different types of businesses, and the business situation will have a big influence on the sources they can use. Use ‘Is it true that’ statements to check understanding. (F) Textbooks: Explain the main sources of capital and be able to select, recommend and justify appropriate source(s) of finance in given circumstances. Cambridge IGCSE Business Studies Nuttall and Houghton pages 117 and 118 IGCSE Business Studies (3rd edition) Borrington and Stimpson pages 137, 143, 145 and 150 Complete Business Studies for Cambridge IGCSE & O Level Titley pages 172, 176–181 IGCSE Business Studies Jones pages 93–95, 98–10s 0450 past examination papers: Nov 2012 Paper 11 Nov 2012 Paper 13 Jun 2012 Paper 12 Nov 2011 Paper 13