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Term 1
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- To evaluate key features of successful small, local businesses
- To identify & explain the Aims and Objectives of a business
- To analyse the role an entrepreneur and the associated risks & rewards
- To analyse the impacts of conflict between stakeholders on the business
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Term 2
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To analyse why business aims and objectives change as businesses evolve
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To evaluate the option of writing a detailed business plan
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To analyse the need for a business to undertake primary research and make recommendations
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To analyse the option of targeting specific market segments / a gap in the market
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Term 3
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To analyse the ownership options for a small business
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To analyse the option of changing ownership type and make recommendations
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To analyse locations for a specific business and make recommendations
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To analyse the option of becoming a franchisee and franchisor
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Term 4
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- To analyse the elements of the marketing mix
- To analyse locations for a specific business and make recommendations.
- To analyse options of growth for a specific business and make recommendations.
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Term 5
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- Sources of Finance
- Business revenue
- Business costs – fixed/variable
- Profits – Gross & Net
- Breakeven – diagrams, formula & margin of safety
- Average Rate of return
- Cash Flow
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Term 6
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Production processes:
- Job, Batch, Flow
- Productivity
- Use of technology
- Quality Control vs Quality Assurance
Working with suppliers
Managing Stock:
Just in Time
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