IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

• Class : Y10

• Lesson Topic: Business and the Environment

• Scheme of Work: Business Activity

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Tell me three things...

about the topic we are studying.Or,

you learnt in the last lesson.

STARTER

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Questions you would like to ask

Today we will begin studying ____________. What are the questions you would like answered.

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Noun Play

_________ is like (a) ________ because….

First blank is for the topic, concept etc.Second blank is for the random noun.

e.g. Communication is like driving because…

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Lesson Objectives P&DPlanning and

Data

ALL (KNOWLEDGE) Describe a business main activity

MOST (ANALYSIS) • Analyse a business activity or external factor

• SOME (EVALUATION ) • Evaluate the usefulness of a stakeholder to a businesses success.

Higher thinking

Skills

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

CONNECTIVES for AnalysisCONNECTIVES for ApplicationCONNECTIVES for Evaluation

COMPARINGEqually…As with…Like…In the same way…Similarly…Even so…Likewise…CAUSE & EFFECT

Consequently… Due to…As a result… Therefore..Because of… Because…

CONCLUDINGFirstly… After…Secondly… Before…Overall… I believe…Finally… I think …In conclusion… it depends…To conclude… short term…Meanwhile… Long term…

CONTRASTINGAlthough… Except…Moreover… If…However… Yet…Apart from… Unless…Despite… As long as…

EMPHASISINGMost importantly…Significantly…Notably…Especially…Above all…In particular…Indeed…

QUALIFYINGDespite… Yet…As long as… Unless…Apart from… If…Moreover… Except…However… Although…

ADDINGIn addition… And…Too… Also…Additionally… As well as…Furthermore…

ILLUSTRATINGFor instance… Such as…In the case of… So…For example…As revealed by…As illustrated by…

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Business activity • To sell goods and services

(G&S) for a profit, utilizing resources.

• Goods – Physical items (touch)

• Service – Non-physical (not touch)

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Consumer or Producer • Producer makes the

goods and services.

• Consumer buys the good or services.

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Needs v Wants • A business must satisfy people’s needs and wants.

• Needs – A requirement to life and survival.

• Wants – Consumer desirables. A luxury.

• PEOPLE HAVE INFINITE WANTS, meaning many resources are scare. E.g. Not enough petrol for all the cars on planet!

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Which do you need or want?

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

the Private and public sector?

Private sector

• Private business providing goods and services for profit.

• Free market exists when all of the economy is privately owned.

• Supplies private goods, paid by consumer.

Public sector

• Government owned sector aimed at supplying for the population rather than profit.

• Public enterprise exists when all the economy is controlled through government.

• Supplies public goods, paid for by tax.

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Private sector

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Public sector

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Stakeholders • Any individual interested in an organization or business. They

have a STAKE in the business.

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Who are the stakeholders? • Identify as many stakeholders as possible in Manchester

United.

• Man United Takeover video

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Business Environment • P,E,S,T,L,E.

• Business environment is ever changing by these factors.

• How would you categorise? – New machinery (technological)– Economic downturn– Population growth – Change in government laws

BUSINESS

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

CONNECTIVES for AnalysisCONNECTIVES for ApplicationCONNECTIVES for Evaluation

COMPARINGEqually…As with…Like…In the same way…Similarly…Even so…Likewise…CAUSE & EFFECT

Consequently… Due to…As a result… Therefore..Because of… Because…

CONCLUDINGFirstly… After…Secondly… Before…Overall… I believe…Finally… I think …In conclusion… it depends…To conclude… short term…Meanwhile… Long term…

CONTRASTINGAlthough… Except…Moreover… If…However… Yet…Apart from… Unless…Despite… As long as…

EMPHASISINGMost importantly…Significantly…Notably…Especially…Above all…In particular…Indeed…

QUALIFYINGDespite… Yet…As long as… Unless…Apart from… If…Moreover… Except…However… Although…

ADDINGIn addition… And…Too… Also…Additionally… As well as…Furthermore…

ILLUSTRATINGFor instance… Such as…In the case of… So…For example…As revealed by…As illustrated by…

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Exam style questions A-A*

1. Discuss2. Evaluate

(8-12m) 8+ connectives & key words

C-B

1. Explain 2. Analyze

(5-7 m) 5+ connectives & key words

E-D

1. Identify 2. Define

(2-4m) 2 + connectives & key words

ATDApply to

demonstrate

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Lesson Objectives P&DPlanning and

Data

ALL (KNOWLEDGE) Describe a business main activity

MOST (ANALYSIS) • Analyse a business activity or external factor

SOME (EVALUATION ) • Evaluate the usefulness of a stakeholder to a businesses success.

Higher thinking

Skills

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Questions you would like to aske.g.

Today we have been studying_______________.

Think of 1 questions to ask other people in the class about today’s lesson.

PLENARY

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Freeze Frame

Students have to produce a freeze-frame showing one aspect of their learning.

E.G. A communication method or a finance or a sector of the economy

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Spell a key word to your friend using sign language…

IGCSE Business Chp. Chp. 1 & 2

Keywords – Consumer, goods, entrepreneurs, needs, private, public sector, services, stakeholder, wants.

Exam Question

Write an exam question based on your learning today. Then, swap books and answer someone else’s question.

Answer PLAN: Intro – define key wordExplain 1 advantage (BLT)Explain 1 disadvantage (BLT)Conclude – I think, however, it depends…

E.g. Discuss whether a bank loan is suitable for business startup .

Start with; Discuss or Evaluate whether or To what extent is _______________________________________________________________________________________________________________________________________ (6m)

3+ connectives 3+ key words