Year 9 GCSE Business Studies Homework Booklet Information for students and parents: Throughout the year your Business & Enterprise Teacher will set a number of pieces of homework from this booklet. If you lose this booklet then you can find a pdf version on the Business & Enterprise Curriculum webpage at http://www.waltonhigh.org.uk/curriculum/business-andenterprise A piece of Business & Enterprise homework will be set every other week and this should take you 45 minutes to 1 hour to complete. Once you have completed your homework you should check that you have included everything from the right-hand column because these are the things that your Geography Teacher will be looking for as they mark your work. Name: ______________________ Business Teacher:______________ Tutor:____ Acting on Feedback 1 Task: For your work to be successful you must: Read and act on the comments/feedback written in your exercise book. Read all of the comments written by your Teacher in your exercise book. Tick each comment to show that you have read it. Wherever there is a question or feedback you need to complete the activity set. You may be asked to: - Correct spellings – use a dictionary to find the correct spelling, learn the spelling cover and write again 3 times - Answer specific questions - Rewrite an answer Write any improvements in RED pen Ask a parent/guardian to sign your exercise book to show that they have seen your work. Autumn Term Autumn Term Tasks: Task: 2 Produce a Poster to advertise your App Topic: Starting a Business For your work to be successful you must: 3 Write an example of the following types of products: Mass Market Product Niche Market Niche Explain the reasons for your examples. 4 ASSIGNMENT : The Firm: Objectives TASK: To research a company and to link the following questions in the form of an extended question: - List 3 examples of objectives you have researched. (3 marks) - What factors determine the objectives for this company? (4 marks) Following on from lesson 2, you must use the ideas you have produced in class to sell your App through a Poster as part of an advertising campaign. Presentation counts! Limit the words and ensure you have used colour and images to maximise your communication. Alternatively produce pictures of products which would show an understanding of Mass Market, Product Niche and Market Niche Answer the questions from the worksheet into your book. Support: remember to use your objectives table from the lesson to help. All students should use the exam technique: - 2/3 marks:list or define and give an examples - 4 marks: make a point & explain, point explain - 6 marks: point, explain, impact – repeat Students aiming for an A*, A or B grade should also: Should ensure they relate all points to the business, especially the IMPACT on the business, so all answers - Under what circumstances might survival be an important objective of the company? (4 marks) - What might the Business have to do to survive in the future? (4 marks) - What is the difference between short term and long term profit maximisation to this company? (6 marks) - Why might the business pursue growth as an objective? (4 marks) are in context 5 Act on feedback to improve your answers to the Snow Bound Case study looking at Sole Traders. 6 Partnership worksheet PARTNERSHIPS (HOMEWORK) 1. Who owns a partnership? (2 marks) 2. Partners have unlimited liability. What does this mean ? (2 marks) 3. What might be written in a deed of partnership? (4 marks) 4. Explain the advantages partnerships share with sole traders. (5 marks) 5. Why might a partnership be a better form of organisation than a sole trader? (2 marks) 6. What are the disadvantages of a partnership? (5 marks) 7. Why are disagreements between partners a problem in a partnership? (4 marks) Using your improved knowledge of the exam technique, improve two answers to react to the feedback and show progress in your answers. This should be completed in RED pen. Support: Use the sentence starters and exam technique writing frame to help you. Students aiming for an A*, A or B grade should also: Should ensure they relate all points to the business, especially the IMPACT on the business, so all answers are in context. Complete the worksheet 7 Partnership Worksheet: Complete the worksheet 8 Limited Liability worksheet Complete the worksheet 9 Franchise Prepare a presentation You are a Sole Trader wanting to start your own business. You are considering buying a Franchise in a business. Create a presentation showing: What could be good about your decisions? What are the drawbacks? Compare these points with starting as a sole trader with your own business idea How could your decisions be impacted in the short term and long term? Identify 3 example franchises you would like to set up. Recommend one of the franchises you have researched and give reasons for your recommendation. 10 Franchise: Write a letter to Phat Pasty applying for a Phat Pasty franchise. i. ii. Describe yourself and the skills you have to offer. Decide which area of the country you would like to have a Phat Pasty outlet in. Support: Research information by watching videos on the website and youtube. Use information from their website iii. Explain why you would like to own a Phat Pasty Ownership summary sheets Complete a summary sheet on the different types of business ownership we have studied (sole trader, partnership, franchise, private limited company). Cover the points: - Who owns it? - Who controls it? - Who stands for the losses? - What happens to the profit? - What are the main advantages? - What are the main disadvantages? - What are the aims and objectives? - Where do the finances come from? - Is it limited and unlimited liability? - What are the legal documents? Business Plans Summarise your learning from the lesson by completing these questions: 1) Explain what is meant by a Business Plan (3 marks) 2) Why is it important a business has a Business Plan? (4 marks) 3) List 5 items that will be in a business plan (5 marks) Complete the Starting a Business checklist CAP Preparation Revise for your CAP by completing a range of revision activities Business Investigation All students should ensure they complete their end of unit revision sheet and this is printed for their books. Support: Write a glossary of the key words, Write each definition three times, covering over the previous attempt and trying to get the sentence shorter so it only contains 3 or 4 key words Read a page of your text book for 10/15 mins and then ask your parents to test you for 5 minutes on key terms and advantages/disadvantages of key concepts from those pages. Students aiming for an A*, A or B grade should also: Look at example questions as part of their revision, applying the exam technique. Collect research on your chosen business. This could be: - Print screens of their website - Collecting student information packs - Pictures of the business - Interview questions/responses Spring Term Tasks: Topic: Marketing Task: For your work to be successful you must: p.25 – Burger Business Plan * Wordsearch – In book, definitions * Write up Market Research activities from today p.25 – Burger Business Plan Complete the word search and then define each of the words you find. Write a summary of the activities from the lesson Markets Introduction: Complete the recap revision questions on page 34 Activity’ on Make it in Films case on page 35 McCain Homework Go to the website and read the case study http://www.thetimes100.co.uk/downloads/mccain/mccain_15_full.pdf Brands Homework McCain Homework 2 Read first 2 pages (intro and product) Intro: write 5 facts in your book about McCain Product: What are the 5 main McCain products? What 2 changes to product range have they made recently? How do McCain protect their quality? Summarise the Boston Matrix with an example for each of the 4 options Oven Chips – Where are they on Boston Matrix? Visit a large supermarket. Visit the washing Powder Isle. Notice who owns most of the brands. Why do you think there are so many brands? Students aiming for an A*, A or B grade should also: Look and define the following terms: Monopoly, Duopoly and Oligopoly. Can you think of industries and businesses to explain these terms? Homework 2 – Using the same web link, answer the following questions: 1. Explain why McCain use pricing methods to help with the promotion of existing products? 2. How does McCain promote their products in an ethical manner? 3. Give two examples of how McCain uses sponsorship as part of their promotional methods. 4. Explain the term brand. 5. What are the two main types of promotion and explain why: 6. Other than sponsorship, give two other examples of promotion that McCain uses: Hoover Homework Case Study CAP Preparation Revise for your CAP by completing a range of revision activities Marketing CAP Spring Term Tasks: Task: Students aiming for an A*, A or B grade should also: Summarise the key points from the article Using the worksheet complete the questions based on the business Hoover. 1. How did Hoover promote the sales of its products? 2. Why did customers find the deal so attractive? 3. Was the offer good public relations for Hoover? 4. Three top managers at Hoover were sacked once complaints started to pour in. You have been appointed to rectify the problem. What will you do? Think about the costs and benefits to Hoover of any solution you put forward. All students should ensure they complete their end of unit revision sheet and this is printed for their books. Support: Write a glossary of the key words, Write each definition three times, covering over the previous attempt and trying to get the sentence shorter so it only contains 3 or 4 key words Read a page of your text book for 10/15 mins and then ask your parents to test you for 5 minutes on key terms and advantages/disadvantages of key concepts from those pages. Students aiming for an A*, A or B grade should also: Look at example questions as part of their revision, applying the exam technique. Topic: Practice Controlled Assessment For your work to be successful you must: Primary research Design and complete your questionnaire Secondary research You must aim to ask 20 people your questionnaire Primary Research Interview Any other research Collect research on your chosen business. This could be: - Print screens of their website - Collecting student information packs - Pictures of the business Plan 4 questions to ask your chosen business. Phone up and ask your questions Write up any other research you feel necessary to fulfil the brief. Summer Term (3a) Tasks: Task: Topic: Finance For your work to be successful you must: Sources of finance Investigate at least one of the organisations below and answer the following questions and activities. Who are they? What are their aims and objectives? What support do they give to new businesses? Try to find an example or case study of how they have helped a small business. Write a summary and outline how they organisation helped and the benefits to the business. www.princes-trust.org.uk www.englandsrdas.com Jim O’Halloran Case Study Read the Case Study and answer the following questions: 1. Why did Jim O’Halloran need an overdraft? 2. “Jim’s overdraft limit today is £60,000.” Explain what this means. 3. Do you think Jim’s friend is giving good advice? Justify your answer by considering the advantages and disadvantages for Jim of running an overdraft. Finance Calculations MK Dons Cash Flow worksheet Write and learn the key finance calculations - Revenue - Costs - Profits Complete the worksheet to demonstrate and practice the key calculations in a cash flow forecasting. You should be able to accurately calculate Cash Inflows Cash Outflows Net Cash flow Opening Bank balance Closing Bank Balance Hitch Sports Shop – Cash Flow forecasting Complete the questions to create and answer cash flow forecasts Complete the Finance Checklist Complete the Finance and Marketing Quiz CAP Preparation Revise for your CAP by completing a range of revision activities All students should ensure they complete their end of unit revision sheet and this is printed for their books. Support: Write a glossary of the key words, Write each definition three times, covering over the previous attempt and trying to get the sentence shorter so it only contains 3 or 4 key words Read a page of your text book for 10/15 mins and then ask your parents to test you for 5 minutes on key terms and advantages/disadvantages of key concepts from those pages. Students aiming for an A*, A or B grade should also: Look at example questions as part of their revision, applying the exam technique. Summer Term (3a) Tasks: Task: Types of employment question Types of employment grid Miss Taylor’s Motivation Agency Motivation Worksheet Topic: People For your work to be successful you must: Discuss whether it would be more suitable for a small business running as a gym to have a gym instructor part time or full time? Complete the grid to show your understanding of the types of ownership. Complete the motivation questions on Miss Taylor’s Motivation Agency: 1. Catherine is a sales rep, for MAD Fashion and needs encouragement to increase the company’s sales. 4 marks 2. David has been working as a swimming instructor in the leisure centre for several years. He feels as if he is ‘stuck in a rut’ while many of his friends have become leisure centre managers. 4 marks 3. Joyce is a factory supervisor and is good at her job. However she often feels de-motivated because she works hard and thinks all her bosses get all the rewards. 4 marks 4. Patrick is the financial director of the West Wales branch of a multi-national organisation. He feels that he is very well paid but needs some further encouragement. 4 marks 5. George is bored because for years he has been doing the same job on a production line in a toy factory. 4marks Complete research to fill in the correct words to the definitions. Students aiming for an A*, A or B grade should also: Explain for each term an advantage and disadvantage of each of the term. This could be for the employee or employer. Motivation worksheet – summary and Argos Case Study Legal HR Complete the questions on Budget Signs and Green Acres Ltd. CAP Preparation Revise for your CAP by completing a range of revision activities People CAP checklist worksheet Use the information in worksheet and complete the questions based on Argos. Students aiming for an A*, A or B grade should also: Complete the extension task Complete the past paper questions on the two case studies. All students should ensure they complete their end of unit revision sheet and this is printed for their books. Support: Write a glossary of the key words, Write each definition three times, covering over the previous attempt and trying to get the sentence shorter so it only contains 3 or 4 key words Read a page of your text book for 10/15 mins and then ask your parents to test you for 5 minutes on key terms and advantages/disadvantages of key concepts from those pages. Students aiming for an A*, A or B grade should also: Look at example questions as part of their revision, applying the exam technique. Business in the news! Task: For your work to be successful you must: Watch and record any interesting business news stories Write a summary of the news article Print off the article and write a summary Come in with a summary and questions for a class discussion Business Programmes You may be asked to watch a TV programme. You will be expected to watch it and write a summary in your next lesson or answer questions based on the programme.