Revision for A293
Learning Objectives
• What’s in the exam
• Exam tips – go up a
grade the easy way
• Revision tips
What’s in the exam?
• It is based on Lathom’s Dairy farm
• You get a FRESH shiny new copy of the case
study in the exam to play with. You can’t take
your own in because you may have written
clever things on it.
What’s in the exam?
• The examiner will ask
you questions based on
your business topics in
relation to Lathom’s
Dairy
• Q: How might a growth
in population affect the
demand for Lathom’s
cheese?
A: The demand might rise, this will
depend on how much people dine out,
and of course the number of people that
like cheese.
Lathom’s also supply restaurants so it will
also depend on the number of people
that eat out, and the number of
restaurants still trading during the
rescission.
Say that again....
Lathom’s Dairy + Business
Knowledge
= Exam Questions
What are the topic areas?
Take notes
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Using and managing resources to produce goods and services
Types of production methods
Management and control of production
Production costs
Financial information and decision making
Sources of finance
Financial forecasting and analysis
External influences on business activity
The competitive environment
Environmental influences and business ethics
Government and the UK economy
Globalisation and UK business
Did we cover all of that?
Yes
You want that all broken down for
you don’t you?
Instructions
• The next few slides have all the topics on them
that might come up in the exam.
• Make notes of each topic area and then make
your own notes AND also what you think the
link with Lathom’s Dairy might be because...
Lathom’s Dairy + Business Knowledge
= Exam Questions
Topic 1: Using and
managing resources
to produce goods and
services
Types of production methods
• Job batch flow
• Adding value
Management and control of production
• Methods of increasing efficiency in
production, how businesses can get better at
producing stuff, making things cheaper etc.
Production costs
• Fixed variable and average costs (calcs)
• Economies and diseconomies of scale
• Break-even and evaluation of break-even as a
tool (calcs)
TOPIC 2:
FINANCIAL
INFORMATION
AND DECISION
MAKING
Sources of finance
• Why does a business need finance?
• What are the different types of finance?
• Can you discuss the types ands evaluate their
suitability for the business?
Financial forecasting and analysis
• Cash flow (calcs)
• How would you deal with a cash flow
problem?
• Revenue and profit data (calcs)
TOPIC 3:
EXTERNAL
INFLUENCES
ON
BUSINESS
ACTIVITY
The competitive environment
• Monopolies and competitive markets
• Competitive environment
• Why does the government promote
competition?
Environmental influences and business ethics
• How business uses the environment as a resource
• Environmental responsibility
• Sustainability
• Business ethics
• Social costs and benefits
Government and the UK economy
• Govt spending and taxation
• Interest rates
• Consumer incomes
• Employment
• Population and its effect on business
Globalisation and UK business
• Globalisation
• Trading with Europe
• International trade
• Exchange rates (calcs)
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