Business Studies

Thursday 15th May 2014

Students have now completed their Business Studies syllabus and the following focus areas will be covered in the Summer Exams:

• Business Environments and the Economy
• Production Department (Cost a product & understand costs)
• Marketing Department (Marketing Mix & Branding)
• Finance & Accounting Department (Sources of Finance)
• H.R Department (Recruiting new staff, training and motivating) 

Please note that your exam will be marked on 80%.  20% is allocated to class projects and assignment work from throughout the year. Best of luck on your revision. 

Tuesday 29th April 2014

8. Business, Finance & Accounting

Students have now completed section six of the Business Studies course.  Students understood different business and accounting terms along with where a business can source finance and who the lenders of finance are. 

Monday 28th April 2014

The Marketing Posters from Form 1, 2 & 3. 

Aline, Form 3 - E-Book designing 

Francois & Maria, Form 1 - Product Life Cycle of the Apple I-Pod

Katya, Matteo & Miriam, Form 1 - Packaging History of the Bulby & Coke bottles

Mohammed, Form 2 - New designed sports shoes 

Melanie, Form 2 - New designed, easy open glasses case 

Herman, Form 3 - New Shampoo

Mohammed, Form 3 - New Head & Shoulders Product - 3 in 1 Curl Remover 

Thursday 06th March 2014

Form 3 Business Studies Homework Video.  Questions handed out in class. 

Monday 10th February 2014

Students have moved on to understanding what the function of the Marketing Department is.  Each of the classes will take part in different activities that will be posted to the blog's home page.

7. Marketing:

• Understanding what marketing is
• The 7ps of Marketing especially understanding the 4 main Ps of Marketing:

                       Product
                       Price
                       Place
                       Promotion

• Branding and packaging
• The Product Life Cycle 

Thursday 23rd January 2014

Update on topics covered by Form 1, 2 & 3

1. Understanding the different Business Types that exist

• Sole Traders
• Partnerships
• Public & Private Companies
• Non Profit Making/Clubs & Societies 

2. Learning about the Company Organisation Structure

3. Understanding the Business Environments our company operates in

• The Specific (Micro) Environment
• The General (Macro) Environment

Form 1 - The Business Environments

Form 1 - PESTEL Analysis

4. Understanding the Business Environments where the company operates in

• Using PESTEL Analysis 

5. Learning how the Economy works 

• The Primary Sector
• The Secondary Sector
• The Tertiary Sector

Each student has created an Economy Table based on a country of their choice showing the industries for each Economy Sector. 

6. What the Production Department does:

• What are the costs - Fixed and Variable Costs

Each student created their own Product Cost Sheet showing the costs for making their own product.  A sales price was added to calculate what profit would be made on producing the product.