AQA A Level Business BUSS4 Resource – Student Revision Summaries…

More resources for Business Studies students.  Click HERE to our Essential Student Revision Summaries (from the Student’s pack) relating to bullet 1 of the research theme – The Impact of E-commerce on the Competitive Environment within Industries.  This is a very small ‘extract’ from the APT Complete Companion for the AQA BUSS4 Research Theme Technological Change E-commerce.

The full comprehensive set of the Student Revision Summaries are an  essential revision document for students consisting of 39 pages of relevant definitions, theory, concepts, data and, most importantly, real-life business examples, and evaluative comments covering each aspect relating to the theme.  (This is a much condensed version of the Teachers’ Detailed Examination of the Theme and an essential revision document for students).  

Click here to instantly download and purchase the full set  for £29+VAT.

Also, available at a discounted price is our Complete Companion which contains 2 corresponding sets of 6 resources, for both students and teachers for all 6 bullet points(including the Student Revision Summaries).

Look out for our further posts with more extracts from our Complete Companion for the AQA BUSS4 Technological Change E-commerce.  Next, look out for our Student Revision Exercises. 

“Fantastic results year using your material.  My AQA business student went from a predicted Grade E to a B on her Unit 4 paper and was just short of an A.”
Jane Wood, Tutor.

Detailed Examination of the Theme for Teachers for AQA BUSS4 Technological Change E-Commerce

APT’s Complete Companion for AQA BUSS4 Technological Change E-commerce

Click HERE for our Detailed Examination of the Theme (from the Teacher’s pack) which relates to bullet 1 – The Impact of E-commerce on the Competitive Environment within Industries.

The full comprehensive set of the Detailed Examination of the Theme,  for Teachers (relating to all 6 bullets) contains a highly detailed examination of each aspect relating to the theme.  It consists of  105 pages in length as it includes extracts from numerous articles and publications from relevant research, as well as containing relevant theory and analytical and evaluative comments where relevant. Click here to instantly download and purchase the full set  for £35+VAT. 

Also, available at a discounted price is our Complete Companion which contains 2 corresponding sets of 6 resources, for both students and teachers for all 6 bullet points.

Look out for our further posts containing more extracts from our Complete Companion for the AQA BUSS4 Technological Change E-commerce.  Next will be the Essential Student Revision Summaries next (from the Student’s pack). 

Feedback from the current Intensive Revision Student Seminars for OCR A2 Business Studies F297 Strategic Management

We are delighted to have just received this positive feedback from the current Seminars we are running….

“The session run by Claire was very useful and insightful.  At first I thought it was just going to be a case of going through the case study in a little more detail than the packs.  However, it was anything but this.  There was so much advice on exam techniques and sample answers.  There were so many topic areas covered in the session and a wealth of activities from the additional resource pack (not the initial analysis pack) that pupils could use outside the session.  The session was held on a Friday and Monday morning I had pupils come to see me to say how helpful they found the session.  They found Claire was able to explain the content of the seminar in a clear, concise way and were able to easily grasp the points she was making. Overall I would recommend the sessions to anyone who is experienced or in experienced.”

Wood Green Academy.

We still have dates available on these seminars, which are running right up until exam day – click here for further information.

 

OCR GCSE Business Studies A293 – Extracts specifically focus on the talk of interest rates rising and how this might impact on Aaron Furniture Ltd (AFL)

Materials to use with your OCR GCSE Business Studies students relating to the Aaron Furniture Ltd (AFL) Case Study.  This includes extracts from several sections taken from our Complete Revision Buddy on AFL.  These extracts specifically focus on the talk of interest rates rising and how this might impact on AFL.     

This is just a very small extract from our Compete Revision Buddy, which explains and tests students’ knowledge and understanding of every key term, concept and issue raised in the AFL case study.  Feedback received on our Revision Buddy is excellent:   

” I call this my ‘Bible’.  Your resources are in a different league with the case analysis.  It’s worth every penny!  A fantastic tool that fully supports teaching and learning and student progression in great depth and detail!  Greatly appreciated! Your work is amazing!”
Laura Pickford, Heworth Grange School, January 2016.

 Order your Complete Revision Buddy today for immediate despatch.

An extract from our ‘Explanation of Key Terms, Concepts and Issues’ Section – p.43-44 of our Complete Revision Buddy for OCR A293 GCSE Business Studies…

The Concern over Rate of Growth in the UK and Talk of Interest Rates Rising

P.4 – Marketing Director’s Report, Extract 7 – lines 89-90.

What the Case Study says

The case study tells us that the Bank of England is concerned about the rate of growth in the UK and that there is talk of interest rates rising.

Why might the Bank of England be concerned about the rate of growth?

The aim of the UK government is to have steady, long-term growth because if demand increases too quickly, supply cannot meet demand, and this leads to inflation (ie the continuous and sustained rise in the general level of prices), and inflation can have several negative effects on an economy: 

  • Increased uncertainty – the ability to predict future demand, costs and profit is made more difficult by inflation, because inflation distorts values.
  • Increased administration / menu costs – the cost of changing price lists, brochures, accounts.
  • Reduction in profit margins – as costs increase (through cost push inflation), firms in competitive markets might not be able to pass such cost increases on to customers, hence profit margins will fall because prices must remain competitive.
  • Labour force – unions tend to become more active during periods of inflation, to ensure members achieve an increase in real wages.
  • Reduced competitiveness – an economy will become less competitive if prices are rising at a faster rate than a competing economy.  This might then result in lost orders (unless the business is able to settle for lower profit margins). 

In the UK, in recent years, macro-economic policy has essentially been used to control inflation, improve competitiveness and promote strong and sustainable economic growth.  Macro-economic policy includes:  

  • Fiscal policy, which concerns the level of taxation and government spending.
  • Monetary policy, which concerns the money supply, ie notes and coins in circulation, interest rates and the amount of credit available.

Since 1997, monetary policy has been managed by the Bank of England’s Monetary Policy Committee (MPC), and not the government.  As stated above, if economic growth becomes too excessive, ie supply cannot meet demand, this might lead to inflation.  This usually causes the Bank of England’s MPC to increase interest rates, thus putting downward pressure on inflation.  (This is explained further below).

How might a rise in interest rates affect consumers and businesses such as AFL?

Higher interest rates would mean that it costs more to borrow and that mortgage holders have more interest to pay, and thus, less discretionary income ie money to spend on non-essential items. 

Consumers are also more likely to save rather than spend, as there is more reward for saving. 

Both of the above could reduce demand and, thus, the sales and, thus, revenue of businesses, particularly those selling non-essential items.  

In the case of AFL, consumers might be less able and / or willing to spend money on home improvements / refurbishment.  In which case, AFL could negatively be affected by falling demand for the furniture it sells and, thus, suffer reduced sales and, thus, revenue, and this could exacerbate its current loss making situation.

Higher interest rates would also increase AFL’s costs (business expenses) in terms of interest payments on current borrowing, which could further increase its loss making situation.  This would especially be the case if AFL decided to buy rather than lease a new factory and financed the purchase through a mortgage.  This would increase the time it would take for AFL to recoup the original cost of such an investment.

An extract from our ‘Mock Exam Paper’ Section – p.198 of our Complete Revision Buddy for OCR A293 GCSE Business Studies… 

(e)   Extract 7 states that employment and real incomes are expected to continue to grow throughout 2016, and there is talk of UK interest rates rising. 

(i)   Explain how rising employment might affect the demand for bedroom furniture.

……………………………………………………………………………………………………

          ………………………………………………………………………………………………..[2]

(ii)  Explain how rising incomes might affect the prices that Aaron Furniture Ltd’s retail  customers charge. 

……………………………………………………………………………………………………….

       ………………………………………………………………………………………………….[2]

(iii)   Assess the extent to which Aaron Furniture Ltd may be affected by rises in interest rates. 

.……………………………………………………………………………………………………

.……………………………………………………………………………………………………

An extract from our ‘Mark Schemes and Model Answers’ Section – p.212 of our Complete Revision Buddy for OCR A293 GCSE Business Studies…

(e) Extract 7 states that employment and real incomes are expected to continue to grow throughout 2016, and there is talk of UK interest rates rising.

(i) Explain how rising employment might affect the demand for bedroom furniture. [2]

 One mark for correctly stating the effect on demand, one mark for a point explaining this effect.

Possible responses include: The demand for bedroom furniture might increase (1) because more people are earning an income from working and have money to spend on goods and services (1).

 

(ii) Explain how rising incomes might affect the prices that Aaron Furniture Ltd’s retail customers charge. [2]

One mark for correctly stating the effect on price, one mark for a point explaining this effect.

Possible responses include: Furniture retailers may be able to charge a higher price (1) because people have more money available to spend, and so can afford to pay higher prices (1).

 

(iii*) Assess the extent to which Aaron Furniture Ltd may be affected by rises in interest rates. [8] 

Level 3 (6–8 marks): Evaluation: Consideration of the extent of the impact of a rise in the interest rate on AFL. NB It will be possible to gain all the evaluation by developing one line of argument. Straightforward ideas have been expressed with some clarity and fluency. Arguments are generally relevant, though may stray from the point of the question. There will be some errors of spelling, punctuation and grammar but these are unlikely to be intrusive or obscure meaning.

Level 2 (3–5 marks): Analysis. Up to 3 marks for analytical points.  Relatively straight forward ideas are expressed relatively clearly, legibly and appropriately. There will be some errors of spelling, punctuation and grammar which will be noticeable and intrusive.

Level 1 (1–2 marks): Knowledge and Application.  One mark for a statement of how a rise in the interest rate may affect consumers and / or businesses in general.  One mark for applying this to AFL. Some simple ideas have been expressed. There will be errors of spelling, punctuation and grammar which will be noticeable and intrusive.

Possible responses:

A rise in interest rates increases the cost of borrowing [L1] and would increase the cost of servicing Aaron Furniture Ltd’s (AFL) current level of debt, which has recently increased [L1].  Hence, all things remaining equal, it would reduce profits or, in the case of AFL, make it more difficult for the business to return to profitability [L2], but only if current rates are variable as opposed to fixed. [L3]  Obviously, the bigger the rise in the interest rate, the bigger the impact on AFL’s costs and the more difficult it would be for AFL to return to profitability. [L3]

A rise in interest rates would also increase the cost of borrowing to finance further expansion [L1] and, thus, the cost to purchase a new, bigger factory [L1] – if AFL’s directors did decide to move and to buy instead of lease the new factory, and to purchase this through a mortgage. [L2]  A rise in the interest rate could, in fact, influence the directors to lease instead of buy the factory, especially if the rise resulted in the interest payments being higher than the leasing payments. [L3]

AFL could also suffer from reduced demand for its bedroom furniture [L1] as mortgage holders would have more interest to pay and, thus, less discretionary income ie money to spend on non-necessities such as the bespoke, luxury furniture made by AFL. [L1] They might also be reluctant to borrow to fund spending, due to the higher cost [L1] and, thus, decide to postpone investment in moving house and / or refurbishment, which could significantly reduce the demand for new bedroom furniture. [L2] Consumers might also be more inclined to save rather than spend – as there is greater reward for saving [L1] which would also lead to a fall in demand for and, thus, sales of AFL’s bedroom furniture. [L2]  The bigger the interest rate rise, the bigger the impact on the demand for new bedroom furniture and, thus, the bigger the impact on AFL’s sales, revenues and, ultimately, its ability to return to profitability. [L3]

Click HERE for full details of the Complete Revision Buddy or HERE to download the Complete Revision Buddy on last year’s case study.

 

AQA A Level Business Resource, Part 1 – The Impact of E-commerce on the Competitive Environment within Industries

A free set of PowerPoints which is an extract from our Complete Companion for the AQA BUSS4 Research Theme Technological Change E-commerce.  This resource relates to bullet 1 of the theme – The Impact of E-commerce on the Competitive Environment within Industries.

Click HERE to view the resource.

You can also click HERE to see more details on the full set of 8 PowerPoint Presentations, which outline key points relating to each aspect of the research theme.  The full set can be purchased for £19+VAT. 

Also, available is our Complete Companion which contains 2 corresponding sets of 6 resources, for both students and teachers for all 6 bullet points. 

Look out for our further posts containing further free extracts from our Complete Companion for the AQA BUSS4 Technological Change E-commerce.  Next we will be sending Essential Research Tasks for students. 

Student grade went from C to A* using your material”  - Mo Bendall, Tutor

The Complete Companion Contains: 

  • 105 page ‘Detailed Examination’ of the theme for teachers – lengthy because it includes extracts from numerous articles and publications so there is no having to click on ‘this link here’ and ‘that link there’ to access relevant research.   It includes information on each aspect required to be covered in the AQA Research brief ie on the impact of e-commerce on the competitive environment within industries, on businesses and their functional areas, and on different stakeholder groups, the extent to which e-commerce creates opportunities and threats for business, the factors influencing ‘if’, ‘why’ and ‘how’ businesses respond to the growth in e-commerce, and the impact of e-commerce on business performance and on strategy, both nationally and internationally. 
  • A more concise 39 page ‘Essential Revision Summaries’ document for students – to have AFTER they have undertaken the research tasks recommended (below). 
  • A comprehensive set of ‘Research Tasks’ for students (21 pages) covering each aspect relating to the theme – with links embedded for students to instantly access relevant research and make their own initial notes. 
  • A set of 8 PowerPoints to introduce and / or summarise each aspect required to be covered by the theme, including tips on how to maximise performance in the exam. 
  • 57 pages of Revisions Exercises / Informal Tests for students – to undertake AFTER they have completed the research tasks recommended, with corresponding answers for teachers – full of match-making, true or false, missing word, mini quiz, read the article, give me a clue, sort the list and ‘opposite’ activities – to develop and consolidate students’ learning AND make learning fun and enjoyable at the same time. 
  • A set of 3 mock papers, with 6 questions covering each aspect relating to the theme – to test students in more formal examination conditions, with detailed answers and mark schemes for teachers. 
  • Plenty of other practical tips and advice for both teachers and students on how performance can be maximised in this particular examination. 

Feedback below from June 2015: 

“The theme materials you provided were excellent, and suited every level of teaching. I only wish that I had ordered earlier in the year; they were so comprehensive

Gareth Moran, Rye St Antony School 

This resource has taken three months’ full-time to produce and it really is packed full of goodies to help you and your students get the best grades possible.  Click HERE for full details or HERE to see a sample. 

Price: £85 + VAT for email or download (+ £2.50 for CD) for unlimited use at your school or college. 

Order: by email to office@apt-initiatives.com / online: direct from our website with a debit/credit card or by PayPal  (click here).

 

APT’s Student Seminars – held at your School/College on OCR F297 Case Study and F293 Marketing

APT’s Student Seminars – held at your School/College

on OCR F297 Case Study and F293 Marketing

Our seminars are packed full with useful tips and advice and plenty of activities relating to specific questions students could get asked on VGL.  These are designed to get students to really understand what they need to do to demonstrate the skills required to secure high grades 

The following seminar dates are available to book:

April: 27,28,29

May: 3,4,6,9,12,13,18,19,23,24,27

June: 10,13 

If you are interested in holding a seminar at your Centre, call us to obtain a quote on 01952 540877 or email us with a summary of your requirements including:

  • subject (ie F297 and / or F293)
  • length of seminar required (eg 2, 3 or 4 hours)
  • number of students involved
  • and if two or more seminars are required whether they are to be held on the same day.

These seminars provide an in-depth insight into what examiners are looking for and how to demonstrate this in the time available.  The ultimate aim is to help each student to achieve their maximum grade.