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https://twitter.com/MissLiptonBusEd/status/1234118079438782465

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https://twitter.com/MrMartinBusSt/status/1239529340716621824

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https://www.youtube.com/channel/UCc1yjk5bqlfMHjoPvHedHcA?app=desktop

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https://blogs.glowscotland.org.uk/nl/ColtnessHS-Mrs_Bennie/national-45-business-management/

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http://www.brightredbooks.net/subjects/n5busmgmthttp://www.brightredbooks.net/subjects/n5busmgmt

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Turnball high School revision checklists 

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Turnball high School revision checklists 

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https://blogs.glowscotland.org.uk/ed/turnbullbecs/national-5-business-management/https://blogs.glowscotland.org.uk/ed/turnbullbecs/national-5-business-management/

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https://businesseducationforlearners.wordpress.com/n5-business-management-2/https://businesseducationforlearners.wordpress.com/n5-business-management-2/

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http://www.bbc.co.uk/education

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New-Product Development and Product Life-Cycle Strategies

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Product Life Cycle II Marketing Management II Stages

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Beyond Free Principles of Marketing Video

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Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video.

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GCSE Public and Private Limited Companies

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GCSE business, unit 2 training in the workplace

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GCSE Business Studies unit 2 payment methods

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Profit Statements (Trading Profit and Loss Accounts) Revision Notes

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Profit Statements (Trading Profit and Loss Accounts) Revision Notes

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The purpose of the profit and loss account is to:

Show whether a business has made a PROFIT or LOSS over a financial year.

Describe how the profit or loss arose - e.g. categorising costs between "cost of sales" and operating costs.

A profit and loss account starts with the TRADING ACCOUNT and then takes into account all the other expenses associated with the business.
Trading account
The trading account shows the income from sales and the direct costs of making those sales. It includes the balance of stocks at the start and end of the year.

An example of the trading account of a business would look this:

Trading account for XYZ Ltd for the year ended 31 March 20X5:

Note that the closing stock figure would appear in the balance sheet under Stock.
Profit and loss account
The trading account now has all the other expenses now deducted.

It would look like the table below:
Trading, profit and loss account for XYZ Ltd for the year ended 31 March 20X5

Notes on the items in the profit and loss account:
Sales: the amount of money generated by sales

Cost of sales: the cost of making the goods or buying them

Gross profit: sales less direct costs of sales

Overheads and expenses: Costs not directly involved in the production process (indirect costs)

e.g.

Cost of premises e.g. rent, insurance, repairs

Office costs e.g. stationery, postage, computer maintenance, staff salaries and wages

Sales and marketing costs e.g. salaries of salesmen, advertising

Finance costs e.g. bank charges, interest on bank loans

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Profit and Loss Account (GCSE) | tutor2u Business

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The purpose of the profit and loss account is to:Show whether a business has made a PROFIT or LOSS over a financial year.Describe how the profit or loss arose - e.g. categorising costs between "cost of sales" and operating costs.A profit and loss account starts with the TRADING ACCOUNT and then takes into account all the other expenses associated with the business.

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Types of Business Organisation Revision Notes

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Types of Business Organisation Revision Notes

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Types of business organisations

Types of business organisation

The main types of business organisation in the private sector in the UK are:

The sole trader

The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning, plumbing, electrical work, busking). In the UK about 20 percent of sole traders operate in the construction industry, a further 20 percent in retailing, and about 10 percent in finance, and 10 percent in catering.

No complicated paperwork is required to set up a sole trader business. Decisions can be made quickly and close contact can be kept with customers and employees. All profits go to the sole trader, who also has the satisfaction of building up his or her own business.

But there are disadvantages. As a sole trader you have to make all the decisions yourself, and you may have to work long hours (what do you do if you are ill or want a holiday?) You do not have limited liability, and you have to provide all the finance yourself. As a sole trader you need to be a jack-of-all-trades, and just because you are a good hairdresser does not necessarily mean you have a head for business strategy.

The partnership

An ordinary partnership can have between two and twenty partners. However, the Partnership Act of 2002 has made it legal for some forms of partnership e.g. big accountancy firms to have more partners who also enjoy limited liability. People in business partnerships can share skills and the workload, and it may be easier to raise the capital needed. For example, a group of doctors are able to pool knowledge about different diseases, and two or three doctors working together may be able to operate a 24 hour service. When one of the doctors is ill or goes on holiday, the business can cope.

Partnerships are usually set up by writing out a deed of partnership which is witnessed by a solicitor and sets out the important details such as how the profits and losses will be shared. Partnerships are particularly common in professional services e.g. accountants, solicitors, vets.

Companies

A company is owned by shareholders who appoint Directors to give direction to the business. The Chief Executive is the senior official within the company with responsibility for making major decisions. Specialist managers will be appointed to run the company on behalf of the Board.

A company is a legal body in its own right with an existence that is separate in law from its owners. The company will thus be sued and can sue in its own name.

Shareholders put funds into the company by buying shares. New shares are often sold in face values of £1 per share but this does not have to be the case.

Limited liability is a form of business protection for company shareholders (and some limited partners). For these individuals the maximums sum they can lose from a business venture which they have contributed going bust is the sum of money that they have invested in the company - this is the limit of their liability.

Every company must register with the Registrar of Companies, and must have an official address.

Private companies have Ltd after their name. They are typically smaller than public companies although some like Portakabin and Mars are very large. Shares in a private company can only be bought and sold with permission of the Board of Directors. Shareholders have limited liability.

A public company like Cadbury-Schweppes or BT can sell shares to the public and to financial institutions and have their shares traded on the Stock Exchange. The main advantage is that large amounts of capital can be raised very quickly. One disadvantage is that control of a business can be lost by the original shareholders if large quantities of shares are purchased as part of a takeover bid. In order to create a public company the directors must apply to the Stock Exchange Council, which will carefully check the accounts.

Franchising

In the United States almost half of all retail sales are made through firms operating under the franchise system like McDonald's which has a brand franchise. Franchising is becoming increasingly popular in this country.

Franchising is really the 'hiring out' or licensing of the use of 'good ideas' to other companies. A franchise grants permission to sell a product and trade under a certain name in a particular area. If I have a good idea, I can sell you a licence to trade and carry out a business using my idea in your area. The person taking out the franchise puts down a sum of money as capital and is issued with equipment by the franchising company. The firm selling the franchise is called the franchisor and a person paying for the franchise is called the franchisee.

Where materials are an important part of the business (e.g. confectionary, pizza bases, hair salons) the franchisee must buy an agreed percentage of supplies from the franchisor, who thus makes a profit on these supplies as well as ensuring the quality of the final product. The franchisor also takes a percentage of the sales of the business, without having to risk capital or become involved in the day-to-day management.

The franchisee benefits from trading under a well-known name and enjoys a local monopoly. Training is usually arranged by the franchisor. The franchisee is his or her own boss and takes most of the profits.

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Types of business organisations Types of organisation business studies and business english | Business Case Studies

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Types of business organisation The main types of business organisation in the private sector in the UK are: The sole trader The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning, plumbing, electrical work, busking).

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GREAT Social Enterprises and Social Investment in the UK

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Stages Before Launching a Product Revision Poster

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Stages Before Launching a Product Revision Poster

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Golspie High School

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Golspie High School Business Studies Department

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Assignment Due Tuesday 15 March 2016 SQA Exam Tuesday 16 May 2017 ​0900 - 1030 hours

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Golspie High School

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Understanding Business Revision Questions 

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Understanding Business Revision Questions 

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Golspie High School

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Braidhurst

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Trinity High School

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Business and Computing Twitter Page - follow for regular updates. 

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Business and Computing Twitter Page - follow for regular updates. 

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Tweets by ForAcadBusComp

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GCSE Business Studies is designed for students finishing secondary school to learn skills for running a business, such as managing money, advertising and employing staff.

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Higher and Nat 5 Business; Higher and Nat 5 Admin & IT: Customer Care

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NB: NOT part of old Higher Business course. A short revision clip covering customer care in terms of: what it is; custoemr care strategy; good customer care; poor customer care. Created by Mr O'Hara, Blairgowrie High School

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Past Paper Textbook - available in school

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Past Paper Textbook - available in school

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Revision Textbook - available in school. 

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Revision Textbook - available in school. 

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National 5, Int 2 and Higher Business Management: Entrepreneurs

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A quick recap on THE ROLE OF THE ENTREPRENEUR topic for Intermediate, National 5 and Higher Business Management candidates. NB: This is a SHORT recap. You need to revise in DETAIL. Produced by Mr. O'Hara, Blairgowrie High School

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Using Financial Statements For Business Management

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Product Life Cycle and Extension Strategies

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Higher Business Management Revision Video

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Examples of Primary and Secondary Sources of Information

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National 5, Int 2 and Higher Business Management: Primary vs Secondary Information

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TWITTER: BUSINESSatBHS A quick guide to primary and secondary information, to aid your revision efforts. Created by: Mr O'Hara, Blairgowrie High School

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Product Life Cycle and Extension Strategies

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Higher, Int 2 and National 5 Business Management: Pricing Strategies

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Short revision clip covering: high pricing; premium pricing; low pricing; penetration pricing; price skimming; loss leaders; loss leaders; and competitive pricing. Created by Mr O'Hara Blairgowrie High School

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Dangers of Inadequate Information and Attacks

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Product Life Cycle and Extension Strategies

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Ethical Issues on Information Technology and Intellectual Property

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Higher and Nat 5 Business + Higher and Nat 5 Admin & IT: Information Legislation

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A short revision clip covering the Data Protection Act, Computer Misuse Act and Freedom of Information Act. Created by Mr O'Hara, Blairgowrie High School

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Higher Business Management Revision Video

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Association of Accredited Small Business Consultants

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Product Life Cycle and Extension Strategies

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N5 and Higher Business Management: Cash Flow Problems and Solutions

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A short revision clip covering cash flow problems and solutions, as well as the purpose of a cash budget. Created by Mr O'Hara, Blairgowrie High School

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New-Product Development and Product Life-Cycle Strategies

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O'Hara Blairgowrie High School VideoScribe

# data[].attributes.attachment_link.entities[].name
Higher Business Management Revision Video

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Small Business Management | Business Management Courses

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National 5 and Higher Business Management: Product Life Cycle and Extension Strategies

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Short revision clip on the stages of the product life cycle and extension strategies. Created by Mr O'Hara Blairgowrie High School VideoScribe sponsored by BHS Parent Council

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SQA - NQ - Past papers and marking instructions

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BBC Bitesize - National 5 Business management

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National 5 Business management learning resources for adults, children, parents and teachers organised by topic.

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National 5 and Higher Business Management: Quality Measures

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A recap on quality measures a business can use: quality control; quality assurance; quality standard; TQM; quality materials; and quality training.

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Higher Business Management Revision Video

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Business Planning and Management for Construction

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National 5 Int 2 Higher Business Management: Methods of Production

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A gentle recap of the METHODS OF PRODUCTION topic for Intermediate, National 5 and Higher Business Management candidates. NB: This is a SHORT recap. You need to revise in DETAIL. Produced by Mr. O'Hara, Blairgowrie High School

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National 5 and Higher Business Management: FINANCE terms/definitions

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TWITTER: BUSINESSatBHS A quick guide to ASSETS, LIABILITIES, DRAWINGS, DEBTORS and CREDITORS, to aid your revision efforts. Created by: Mr O'Hara, Blairgowrie High School

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Product Life Cycle and Extension Strategies

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National 5 and Higher Business Management - STAKEHOLDERS

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A gentle recap of the Stakeholders topic for Intermediate, National 5 and Higher Business Management candidates. NB: This is a SHORT recap. You need to revise in DETAIL. Produced by Mr. O'Hara, Blairgowrie High School

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Product Life Cycle and Extension Strategies

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National 5 and Higher Business Management: Sectors of Economy and Types of Business

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Short clip detailing the differences between: private; public; and third/voluntary sectors of the economy. Also details the aims/objectives of organisations in these sectors. Produced by Mr O'Hara Blairgowrie High School

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Product Life Cycle and Extension Strategies

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Higher, Int 2 and National 5 Business Management: External Pressures PESTEC

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A short revision clip covering the PESTEC factors, also known as the external pressures/factors. Clip covers naming, describing and explaining the impact of PESTEC. Created by Mr O'Hara, Blairgowrie High School

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Product Life Cycle and Extension Strategies

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National 5, Int 2 and Higher Business Management: Market Research

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Short revision clip on Market Research, covering: desk vs field research; surveys (online, telephone, postal, face to face); hall test and taste test; and desk research examples. Created by Mr O'Hara Blairgowrie High School