OCR F585 Global Economy Revision for A2 Economics

Sitting the F585 exam on the 20th June? - APT’s Companion for OCR’s F585 Global Economy will help to secure the best grade possible.

Individual students can purchase a single user licence available at just £33.00 (+vat) OR if there are several students they can club together and buy the multi licence for £55.00 (+vat).

 APT’s Companion for OCR’s F585 Global Economy exam continues to be one of our most popular resources, as more and more Economics teachers/students find this invaluable.

“Spot on.  Excellent materials.   All the students came out with a smile on their face and commented everything in the analysis came out.”  - Ruth Daniel, Tower Hamlets College.

OCR AS F292 Business Functions RE-SITS – Practice Exam Questions relating to Marketing – Symponi Bears Ltd (SBL)

Practice Exam Questions relating to Marketinghttps://www.youtube.com/watch?v=R9vua18glFU

Just a very small extract from APT’s OCR F292 Business Functions Case Study on
SymponiBears (SBL)

Contains: 

  • Identification and examination of key issues / possible question areas. Relevant theory relating to the business studies concepts and ideas raised in the case study.
  • In-depth analytical and evaluative discussion of improvements / solutions / options available. 
  • A highly comprehensive range of practice examination questions.
  • Guidelines on revision and examination technique.

The full CASE STUDY can be purchased for £35.40 (+VAT) Single User Licence

“My student achieved Grade A.  For his first year in both papers he was struggling with OCR business and unsure he would even gain a C. Thank you for such great material.”  Jane Wood, Tutor, Braintree

OCR AS Business Studies RE-SITS, just under a week to go…

AS Business Student RE-SITS next week? 

Students can purchase the APT OCR F292 Business Functions Case Study on Symponi Bears (SBL), for last minute revision, helping to secure the best grade possible.

Single user licence available at just £35.40 (+VAT).

 “My student achieved Grade A.  For his first year in both papers he was struggling with OCR business and unsure he would even gain a C. Thank you for such great material.”  

Jane Wood, Tutor, Braintree

Our analysis contains: 

  • Identification and examination of key issues / possible question areas.
  • Relevant theory relating to the business studies concepts and ideas raised in the case study.
  • In-depth analytical and evaluative discussion of improvements / solutions / options available. 
  • A highly comprehensive range of practice examination questions.
  • Guidelines on revision and examination technique. 

Click HERE to see a sample and HERE to order.

Price: £35.40 (+VAT) Single User Licence

A Level Business Studies – AQA BUSS4 E-commerce Mock Paper

Click here for our free Mock Paper for AQA Business Studies Students, which relates 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 set of Mock Papers include a set of 3 mock papers with stimulus material (context), with a total of 6 questions to test students on each aspect of the theme in formal exam conditions. It includes detailed model answers and mark schemes.

The Model Answers are capable of being produced by students within the time available with ‘deep’ paragraphs that develop points to demonstrate content, analysis, application and evaluation.  Each of the model answers provided overall demonstrates ‘Good Application’, ‘Good Analysis’ and ‘Good Evaluation’.

Click here to instantly download and purchase the full set  for £25+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 Exercises). 

Look out for our next post with the Model Answers and Mark Schemes 

“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.

OCR F297 Guidance on Possible 13 mark Numerical Ratio Analysis Questions

Besides the obvious 13 mark numerical question on time series, the calculation of 4 financial ratios is also a popular Q1a (13 mark numerical question) on the OCR F297 paper.  

With regard to this, the ratios OCR expect students to know and be able to calculate, including how to calculate them are provided in the following document published by OCR: http://www.ocr.org.uk/Images/78299-unit-f292-and-f297-guidance-on-accounting-elements.pdf

They consist of: 

  • Solvency: gearing, interest cover.
  • Liquidity: current ratio, acid test.
  • Activity / efficiency: stock turnover, debtor days, creditor days, fixed asset turnover.
  • Profitability: gross profit margin, net profit margin, return on capital employed, return on equity.
  • Shareholder: earnings per share, dividends per share, dividend yield, and price / earnings. 

In terms of the VGL case study, likely candidates for a ratio analysis question are liquidity and activity ratios – as they are specifically mentioned in the case study, and these have been calculated and analysed on p.29-32 of the APT Analysis.

The case study also makes the point that ‘commercial profit margins are tight’, which provides a thread for a question on profitability ratios.  With regard to this, gross and net profit margins can be calculated for VGL as follows: 

  • gross profit margin: 34.88% for 2014; 49.09% for 2015.
  • net profit margin (using the ‘net profit’ figure stated in the case study, which is profit after interest and tax): 4.65% for 2014; 14.55% for 2015.   

It should be appreciated, however, that the profit before interest and tax figure is considered a more appropriate ‘profit’ figure to use in profit margin calculations when judging the performance of a business – in particular the performance of management in controlling costs – as this measures aspects over which the business / its management team has control.  (In other words, the rate of interest and tax are outside their control).  The net profit (before interest and tax) margin can be calculated for VGL as: 9.3% for 2014; 19.39% for 2015.  

Whichever figure is used, VGL has clearly performed well in 2015 when comparing profit margins with 2014.  This is largely because revenue not only increased, but cost of sales fell, and gross profit has risen at a greater rate than the rise in other costs, namely the higher depreciation.

If students were asked to calculate 4 profitability ratios, then besides the gross and net profit margin(s) calculated above, they could calculate Return on Capital Employed (ROCE) and Return on Equity (ROE) – these are calculated on p.6 and p.7 of the APT Analysis.

If students were asked to calculate solvency ratios: gearing and interest cover are relevant here and are calculated on p.11 of the APT Analysis.

There is insufficient information in the case study to calculate all the shareholder ratios listed in the OCR document above: dividend cover has been calculated on p.6 of the APT Analysis.

We talk a lot about the importance of using ratios in answers to questions in our seminars on the F297 case study, not just those that specifically require candidates to do this in the 13 mark numerical question.  Appropriate use of ratios in 18 mark and 23 mark questions is one of the fastest ways to secure 8+ marks in just one sentence, as it demonstrates analysis - as opposed to descriptive use – of case material, which is essential to secure Level 3.

 

OCR GCSE Business Studies A293 Case Study on Aaron Furniture Ltd – True or False?

Click HERE to have a go at our True or False quiz on Interest Rate Rises (Extract 7 of the Case Study)

Extracts taken from our ‘Quiz’ section - p.73, 100, 109 and 121 of our Complete Revision Buddy on AFL.

very small extract from our Complete 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:    

“Your resource is outstanding and becomes the sole resource in my class from February to all the way to the exam day.”
Jillur Rahman, Woodbridge High School.
   

Order your Complete Revision Buddy today for immediate despatch.

 

AQA A Level Business BUSS4 Resource – ANSWERS to Student REVISION Exercises

Click HERE for the ANSWERS to the Student Revision Exercises posted yesterday.  

The exercises relate 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 Student Revision Exercises covering all 6 bullets points contains a set of 57 pages of informal revision exercises / tests with a separate document containing all the answers on each aspect relating to the theme - helping to test and consolidate knowledge and make revision funIt includes ‘give me a clue’, ‘match-making’, ‘mini quizzes’, ‘missing word’, ‘opposites’, ‘read the article’, ‘sort the list’, ‘true or false’ and multi-activity exercises. 

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

AQA A Level Business BUSS4 Resource – STUDENT REVISION Exercises

Resources for A2 Business Studies students.  These Student Revision Exercises relate 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 Student Revision Exercises contains a set of 57 pages of informal revision exercises / tests with a separate document containing all the answers on each aspect relating to the theme - helping to test and consolidate knowledge and make revision funIt includes ‘give me a clue’, ‘match-making’, ‘mini quizzes’, ‘missing word’, ‘opposites’, ‘read the article’, ‘sort the list’, ‘true or false’ and multi-activity exercises. 

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 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.

Some additional possible questions for your students on the F297 Verdant Ghar Ltd Case Study

In preparing for our seminars on the OCR F297 Case Study, Claire Baker – who writes our F297 analysis and delivers the seminars – has identified some more questions for your students to consider on the Verdant Ghar Ltd Case Study.  These are in addition to the 26 questions already put forward on p.62-63 of APT’s Analysis of the F297 Case Study, published last December.   These additional questions are outlined below together with any pages in the APT analysis that contain information relevant to each question. 

  1. Discuss the advantages and disadvantages of creating monthly cost and profit centre budgets to ensure VGL’s liquidity stays within an acceptable range (lines 40-41). (see p.23-29 of APT Analysis)
  2. Discuss the appropriateness of scrutinising activity ratios to ensure VGL uses its precious cash to maximum effect (lines 41-42). (see p.29-32 of APT Analysis)
  3. Recommend and justify a strategy which could enable VGL to improve its profitability / gross profit margins / net profit margins [18] Note: ROCE calculations are on p.7 of APT Analysis; Gross profit margin was 34.88% in 2014 and 49.09% in 2015; Net profit margin was 4.65% in 2014 and 14.55% in 2015.  Profitability can be increased by either increasing revenue at a greater rate than costs, and / or costs falling at a greater rate than revenue.  There are numerous references to profit and profitability throughout the APT analysis and a wide range of strategies students could consider in relation to this question.  In a question requiring students to ‘recommend and justify a strategy’ they are advised to pick one strategy and fully justify it using evidence from the case study.
  4. Discuss how greater environmental awareness / legislation / taxes caused by media and customer pressure   might affect the …strategic direction of VGL. …achievement of VGL’s 2017 objectives. …success of VGL. (some info on p.35, 38 of APT Analysis)
  5. Should VGL extend the training given by the shift supervisors to include ‘why’ the task is important by reference to VGL’s Four Pillars (lines 79-85, Appendix 1)? Justify your view. [18] (p.45-50 of APT Analysis)
  6. Recommend and justify a strategy to minimise sub-standard or contaminated product. [18] (p.41-52 of APT Analysis)
  7. Recommend and justify a strategy which might enable VGL to gain at least two additional local authority contracts. [18] (some info on p.17 of APT Analysis)
  8. Michael is keen to extend the training given by the shift supervisors (lines 79-85). Discuss how VGL might effectively manage this change if Michael’s ideas were to be adopted. [18] Note:  Kurt Lewin’s 3-step process is a simple structure for students to use and refer to here. There could be also be a ‘management of change’ question on the possible diversification into textiles.
  9. Discuss the benefits and drawbacks for VGL of its policy to sell most of its products on international spot markets. (See p.16, 20-21 of APT Analysis)
  10. Evaluate the methods used by VGL to attract, motivate and retain staff (lines 71-75). (p.41-45 of APT Analysis)
  11. Discuss how Phoebe’s business philosophy / VGL’s Four Pillars (Appendix 1) may impact on the strategic behaviour of VGL / strategic decision making within VGL. (some info on p.48-9 of APT Analysis)
  12. Discuss the need for a constant review of market & environmental circumstances within VGL. Note: there are lots of reasons why this is important for VGL which concern the external, uncontrollable factors that can affect the business’s success eg the threat of new entrants at any time due to the ‘financial attractiveness’ of the market, the impact of exchange rates on the revenue VGL receives for the processed, recycled products sold on international spot markets.   
  13. To what extent might different stakeholders consider VGL to be efficiently run?  Justify your view. (see p.7, 26, 29-32 of APT Analysis)
  14. Evaluate how different stakeholder groups might view Phoebe’s business philosophy / VGL’s Four Pillars (Appendix 1). (some info on p.12, 48-49 of APT Analysis) 

If you haven’t yet purchased our F297 analysis, this is one of our best-selling resources.  It is published shortly after the case study is released to centres and provides a highly comprehensive, in-depth discussion of all the issues raised in the case study.  To purchase this resource, or for further information, including feedback from centres click here:

There are also a few days left for our seminars – held at your centre – on the F297 case study.  These are increasingly becoming known as ‘grade changers’: they focus on exam skills – in particular, how to demonstrate Level 3 and 4 responses to a range of likely questions arising from this year’s case study.  

“…. so much advice on exam techniques and sample answers … so many areas covered and a wealth of activities from the additional seminar resource pack (not the initial analysis pack) that pupils can continue to use outside the session.  Pupils found the session helpful and that Claire explained the content of the seminar in a clear, concise way and were able to easily grasp the points she was making.  I would recommend the sessions to anyone who is experienced or in experienced.”

(Karenjit Ghag, Wood Green Academy, April 2016) 

If you are interested in holding a seminar at your Centre,  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. 

Request a Quote:

by email to office@apt-initiatives.com by phone 01952 540877  by fax 01952 541230