HSBC posts huge jump in profit as Asia business grows

A useful link http://www.bbc.co.uk/news/business-41799335 relating to:

Causes of growth Edexcel spec reference 2.5.1                            

The objectives of firms AQA spec reference 3.1.4.2                         

 Competition and market power  OCR spec reference Page 12

http://www.apt-initiatives.com/

Contents for Sections 5 to 8 of APT’s OCR GCSE Business A293 Companion / Revision Buddy on Regeneration and Toys

Following on from our previous post, listed below are the Contents for Sections 5 to 8 of our Explanation of Key Terms, Concepts and Issues Raised from APT’s Teacher’s Companion / Complete Student Revision Buddy for the OCR A293 Case Study Exam, which is packed full of resources to support you and your students from now until the exam.   

APT’s ‘Outstanding’ resource for OCR GCSE Business Studies available to pre-order (if not already) with everything teachers and students need – from now until the exam for the A293 Case Study on the Regeneration of Bowton, Tom’s Toys, GG Toys plc 

The full resource will be published on 31st October and sent to you automatically if you have already pre-ordered. 

“For the past 4 years we have purchased the resource and found it invaluable in preparing our students for this component of the exam.” John Thomas, Lincoln Minster Senior School 

Outstanding – becomes the sole resource in my class all the way to the exam day.” Jillur Rahman, Woodbridge High School 

CONTENTS (Section 5-8) of APT’s A293 Teacher’s Companion / Revision Buddy

1.        REVISION FOCUS MATRIX

2.        EXPLANATION OF KEY TERMS, CONCEPTS AND ISSUES RAISED 

SECTION 5 – Costs Associated with the Production of the Georgie Girl Doll 

The Monitoring of Costs, Revenues and Profits 

What the Case Study says

What type of costs is GG Toys plc likely to have to pay?

What is revenue?

What is profit?

Why should a business monitor its costs, revenue and profit?  Why is being profitable so important? 

Sales, Production and Production Costs of the Georgie Girl Doll (Analysis of Fig. 2) 

What the Case Study says

What is the significance of the doll being made in China?

What is the significance of the increase in sales and production of the doll involving the move to a newly constructed building?

What does Fig. 2 tell us?

Do we have sufficient information to calculate break-even? 

SECTION 6 – The Business Environment – Some Issues 

The Possible Fall in the Exchange Rate between the Yuan and Pound Sterling 

What the Case Study says

How could a fall in the value of the yuan against pound sterling affect the success of GG Toys plc in the next two or three years? 

The Possible Fall in the Exchange Rate between Pound Sterling and the Euro 

What the Case Study says

How could a fall in the value of pound sterling against the euro affect the success of GG Toys plc? 

The Forecast Rise in Inflation in the UK and Potential Rise in the UK Interest Rate 

What the Case Study says

What is inflation?

What are interest rates?

How might GG Toys plc be affected by a rise in the UK interest rate? 

The Environmental Concerns about Businesses that Manufacture Products in China and Sell them in the UK 

What the Case Study says

What are these environmental concerns?

How might these concerns affect the future success of GG Toys plc?

What should GG Toys plc do about this situation? 

SECTION 7 – Sales and Net Profit Figures for GG Toys plc 2014 – 2016 

Analysis of Sales and Net Profit Information 2014-16 

What the Case Study says

What does Fig. 3 tells us? 

SECTION 8 – GG Toys plc – Development Plan, 2017 – 2022 

The Declining Performance of GG Toys plc – Ways of Measuring Performance 

What the Case Study says

How might the performance of a business such as GG Toys plc be judged? 

Reducing the Cost of Production 

What the Case Study says

How might a manufacturer such as GG Toys plc reduce the costs of production?

Overview

Materials

Labour

Energy

Promotion

Transport

Concluding Remarks 

The Decision to Reduce the Range of Products Sold 

What the Case Study says

How might reducing the product range benefit GG Toys plc?

Are there any potential drawbacks?

Conclusion – The need for further research 

The Decision for Production to Continue at the Factory in China 

What the Case Study says

Should production continue at the factory in China?  What are the main points for and against? 

Developing Online Selling 

What the Case Study says

How might selling online lead to a reduction in the prices at which GG Toys plc’s products retail?

What costs will GG Toys plc have to pay when the new warehouse is up and running?

How might GG Toys plc try to compete in the online market?

How might GG Toys plc be affected by competition?

Why is competition good for consumers? Why does the government seek to encourage competition? 

The Decision to Lease rather than Buy a Warehouse using Retained Profits 

What the Case Study says

What are the potential advantages and disadvantages of buying a warehouse using retained profits?

What other sources of finance could be used to purchase a warehouse?

Overview

Sale of assets no longer required / under-utilised

Government grants

Mortgages

Shares to existing or new shareholders

What are the potential advantages and disadvantages of leasing a warehouse?

Overall, is the decision to lease rather than buy a warehouse a good one? 

The Purchase of Machinery Using a Bank Loan 

What the Case Study says

What is a bank loan?  What are the advantages and disadvantages?

How else might GG Toys plc finance the purchase of this machinery?

The Automation of the Warehouse Using Robots 

What the Case Study says

What is meant by ‘automated’?

What are robots?

How can the use of robots increase the efficiency of production?     

     

3.     IDEAS FOR FURTHER RESEARCH

Primary research Activities

Internet (Secondary) Research

 

4.      MINI QUIZZES     

Word Searches

Missing Words

Classifying

Opposites

Match Making

Crosswords

Short Answer Questions

 

5.     ANSWERS TO MINI QUIZZES 

Word Searches

Missing Words

Classifying

Opposites

Match Making

Crosswords

Short Answer Questions

 

6.     MAXIMISING PERFORMANCE IN THE EXAM 

Preparing for the Examination

Translating Popular Command Words Used In the A293 Paper

During the Examination

 

7.      MOCK EXAMINATION PAPER

                                               

8.      MARK SCHEMES AND ANSWERS TOMOCK EXAMINATION PAPER

 

Absolutely outstanding.  I call this my ‘Bible’.  Your resources are in a different league.  Worth every penny.  A fantastic tool that fully supports teaching and learning and student progression in great depth and detail. Greatly appreciated. Amazing!” Laura Pickford, Heworth Grange 

Excellent resource!  I have seen a few resources available, this is clearly the most comprehensive whilst also offering shorter activities and quizzes to reinforce knowledge.”  Andrew Dickens, The Albany School 

Excellent resource, very comprehensive and thorough. I have no hesitation in recommending it. Students  did very well in the exam.”
Malcolm Ewan, The King’s School Ely 

If you haven’t already pre-ordered, you can click HERE to order, you can also click HERE to download our SAMPLE material from last year’s resource.

Price: £75 + vat for email or download (+ £2.50 for CD)

Two additional mock papers will also be published on 30th November. 

You can Order: 

by email to office@apt-initiatives.com (we can invoice your school/college)

on line with a debit/credit card or by PayPal at www-apt-initiatives.com

China September trade surplus with U.S. highest on record: Reuters calculations

A useful link relating to global economy / economies with imbalances….http://www.reuters.com/article/us-china-economy-trade-usa/china-september-trade-surplus-with-u-s-highest-on-record-reuters-calculations-idUSKBN1CI0AG?il=0

Edexcel spec reference - 4.1.7 Significance of global trade imbalances

AQA spec reference 4.2.6.3 The implications for the global economy of a major economy or economies with imbalances deciding to take corrective action.

OCR spec reference Page 24 Evaluate the consequences of imbalances on the balance of payments

All you need for OCR GCSE Business A293 APTs Companion / Revision Buddy on Regeneration and Toys – Contents for Sections 1 to 4…

APT’s ‘Outstanding’ resource for OCR GCSE Business Studies available to pre-order (if you haven’t already done so)

with everything teachers and students need – from now until the exam for the

A293 Case Study on  Regeneration of Bowton, Tom’s Toys, GG Toys plc 

APT’s Teacher’s Companion / Complete Student Revision Buddy for the OCR A293 Case Study Examination is packed full of resources to support you and your students from now until the exam.   

The Contents for Sections 1-4  of our Explanation of Key Terms, Concepts and Issues Raised are listed below so you can see what you will soon receive if you have already ordered this resource.  Contents for Sections 5-8 will be sent out next week. 

The full resource will be published on 31st October and sent to you automatically if you have already pre-ordered. 

Absolutely outstanding.  I call this my ‘Bible’.  Your resources are in a different league.  Worth every penny.  A fantastic tool that fully supports teaching and learning and student progression in great depth and detail. Greatly appreciated. AmazingLaura Pickford, Heworth Grange.

“For the past 4 years we have purchased the resource and found it invaluable in preparing our students for this component of the exam” John Thomas, Lincoln Minster Senior School.

 For the equivalent of just a few hours pay, it saves months of lesson planning and preparation time, whilst helping to maximise grades.

 

 CONTENTS of Teacher’s Companion/Revision Buddy 

 

1.       REVISION FOCUS MATRIX 

 

2.        EXPLANATION OF KEY TERMS, CONCEPTS AND ISSUES RAISED

INTRODUCTION 

The Regeneration of Bowton

What the Case Study says

What is meant by ‘regeneration’?

SECTION 1 – Is it the end for Bowton?

The Difficult Economic Conditions between 2008 and 2011

What the Case Study says               

What is meant by ‘unemployment’?

What is meant by ‘incomes’?

How can a rise in unemployment and fall in consumer incomes affect businesses?

Why would Bowton Council have been concerned about the rise in unemployment, fall in incomes and business closures?                                                 

The Growth in Business Activity and Employment by 2014 and Forecast Rise in the Sales of Goods in Bowton 

What the Case Study says

What is likely to have led to the growth in business activity and increase in employment?

How might the growth in business activity and increase in employment lead to a rise in the sales of good in Bowton? 

The Council’s Decision to Encourage Businesses to Locate or Expand in Bowton by Offering Grants 

What the Case Study says

What are the advantages and disadvantages of grants in general?

Should Bowton Council have offered these grants?

Concluding Remarks 

The Rising Prices of Commercial Properties and Houses as a Result of Increased Confidence in the Town 

What the Case Study says

How can increased confidence result in rising property prices?

How might ‘increased confidence’ reflected in rising property prices affect the case study businesses? 

SECTION 2 – Report on the UK Toy Market – Sanjay Market Research Ltd 

The Market Research Report on the State of the UK Toy Market 

What the Case Study says

What is the significance of this research for the case study businesses?

What is the significance of the increase in the number of specialist shops selling computers and video games? 

SECTION 3 – Tom’s Toys 

The Size, Type of Ownership and Main Activity of Tom’s Toys 

What the Case Study says

What is the significance of size, location and type of business ownership of Tom’s Toys in relation to the A293 specification?

What is the significance of Tom’s Toys main business activity in relation to the A293 specification? 

The Source of Tom’s Toys Supplies 

What the Case Study says

What is the significance of importing in relation to the A293 specification?

What is the effect of exchange rate movement on Tom’s Toys as a result of importing?

Are there any other problems associated with importing? 

The Possibility of Setting up a Website to Export Toys 

What the Case Study says

What is the significance of this in relation to the A293 specification?

How can setting up a website help Tom’s Toys to Export?  What are the potential benefits?

What are the potential challenges and additional costs?

What would be the effect of exchange rate movements on Tom’s Toys as a result of exporting?

What should Tom’s Toys do before deciding whether or not to set up a website to export toys? 

The Advantages and Problems of EU Membership and Opportunities Arising from Leaving the EU (Brexit) 

What the Case Study says

What are the advantages of EU membership?

What problems have arisen from being in the EU?

What opportunities for UK trade might arise after the UK leaves the EU?

Overview

How might ‘Brexit’ affect the sales of UK businesses?

How might ‘Brexit’ affect the costs of UK businesses? 

The Cash Flow Forecast January – April 2018 

What the Case Study says

What is a cash flow forecast?

How are the various balances in the cash flow forecast calculated?

How do you calculate percentages and percentage changes?

What is the difference between cash and profit?

What are the benefits of cash flow forecasting?

Are there any limitations of cash flow forecasting?

What does the cash flow forecast for Tom’s Toys show?

How might Tom’s Toys overcome the forecast cash shortfall?

Based on the information provided in the case study what could we say about the likely future performance of Tom’s Toys? 

SECTION 4 – GG Toys plc 

The Size, Type of Ownership and Main Business Activity of GG Toys plc 

What the Case Study says

What is the significance of the type of business ownership of GG Toys plc in relation to the A293 specification?

What is a manufacturer? How do such businesses add value?

What is the significance of the size of GG Toys plc in relation to the A293 specification?

What economies and / or diseconomies of scale may arise as a result of being a ‘large’ business?

Is there any evidence of economies or diseconomies within GG Toys plc? 

The Range of Toys Produced by GG Toys plc and Possible Methods of Production 

What the Case Study says

What method(s) of production might GG Toys plc use?

What are the advantages and disadvantages of batch production?

What are the advantages and disadvantages of flow production? 

Consideration of the Importance of Quality and Methods of Quality Control for GG Toys plc 

What the Case Study says

What is the meaning of ‘quality’ and ‘quality control’?

Why is ensuring quality / quality control so important?

What method of quality control might GG Toys plc use? 

The (2010) Decision to Move Production to China and Keep Head Office in Bowton 

What the Case Study says

What is the significance of this move in relation to the A293 specification?

What were the social costs and benefits of moving production to China?

Are there any other ethical or environmental issues associated with moving production to China?

Why did it make sense for the Head Office, in particular, for the Marketing Department to stay in Bowton? 

GG Toys plc’s Customer Base 

What the Case Study says

Why is GG Toys plc likely to sell its products through retailers rather than direct to consumers? Are there any potential disadvantages?

What is the effect of exchange rate movements on GG Toys plc as a result of exporting to other EU countries? 

SECTION 5 to follow next week

SECTION 6 to follow next week

SECTION 7 to follow next week

SECTION 8 to follow next week

           

3.     IDEAS FOR FURTHER RESEARCH

Primary research Activities

Internet (Secondary) Research 

 

4.      MINI QUIZZES       

Word Searches

Missing Words

Classifying

Opposites

Match Making

Crosswords

Short Answer Questions           

 

5.     ANSWERS TO MINI QUIZZES 

Word Searches

Missing Words

Classifying

Opposites

Match Making

Crosswords

Short Answer Questions

 

6.     MAXIMISING PERFORMANCE IN THE EXAM

Preparing for the Examination

Translating Popular Command Words Used In the A293 Paper

During the Examination 

 

7.      MOCK EXAMINATION PAPER                                               

 

8.      MARK SCHEMES AND ANSWERS TO MOCK EXAMINATION PAPER

 

Outstanding…becomes the sole resource in my class all the way to the exam day.” Jillur Rahman, Woodbridge High School. 

Excellent resource!  I have seen a few resources available, this is clearly the most comprehensive whilst also offering shorter activities and quizzes to reinforce knowledge.”
Andrew Dickens, The Albany School. 

Excellent resource, very comprehensive and thorough. I have no hesitation in recommending it. Students  did very well in the exam.”
Malcolm Ewan, The King’s School Ely. 

If you haven’t already pre-ordered, you can click HERE to order, you can also click HERE to download our SAMPLE material from last year’s resource.

Price: £75+VAT for email or download (+ £2.50 for CD)

Two additional mock papers will also be published on 30th November. 

You can Order: 

by email to office@apt-initiatives.com (we can invoice your school/college)

on line with a debit/credit card or by PayPal at www-apt-initiatives.com

What Nobel Prize winner for economics Richard Thaler has to do with nudge, hot hand and Selena Gomez

An interesting article relating to Rational Decision Making / Behavioural Economics…..http://www.straitstimes.com/business/economy/what-nobel-prize-winner-for-economics-richard-thaler-has-to-do-with-nudge-hot-hand

See where it’s relevant in each specification:-

Edexcel spec reference 1.2.1 Rational decision making       

AQA spec reference 4.1.2.4 Behavioural economics and economic policy

OCR spec reference Page 6 Evaluate the concept of rationality as a way of understanding the behaviour of economic agents.

http://www.apt-initiatives.com/

A useful link relating to The Economic/Business Cycle

Japan’s inflation, labor demand and factory output signal solid economic recovery - A great link, see the spec references below:-

https://uk.reuters.com/article/us-japan-economy/japans-inflation-labor-demand-and-factory-output-signal-solid-economic-recovery-idUKKCN1C407H

Edexcel spec reference 2.5.3 Trade (business) cycle                      

AQA spec reference 3.2.3.1 The concept of the economic cycle

OCR spec reference Page 21 The economic cycle  

Philippines’ AirAsia seeks to raise $250 million via IPO in mid-2018

A useful link for everyone studying Economics relating to Business Growth

http://uk.reuters.com/article/uk-airasia-ipo-philippines/philippines-airasia-seeks-to-raise-250-million-via-ipo-in-mid-2018-idUKKCN1C80CE

Edexcel spec reference 3.1.2 Business growth                     

AQA spec reference 3.1.4.2  The objectives of firms

OCR spec reference Page 12 Evaluate the factors which influence the growth of firms 

http://www.apt-initiatives.com/

Test AS/AL economics students regularly – every 8 to 10 weeks

Test students regularly – every 8 to 10 weeks with

APT’s 540 Multiple Choice Questions on the Entire AQA A Level Economics Specification and

440 Multiple Choice Questions (240 + 200) on the AS Specification   

APT’s multiple choice questions enable students to be tested at the end of each topic covered in class, as well as at the very end of their study of each unit / section and, in the case of A Level, at the very end of the specification.  Questions and answers are included on every sub-topic listed in the specification, with explanations for every question posed – further helping to consolidate students’ knowledge and understanding.  An example of the structure and style of questions is provided below – from Test 1 of our MCQ for the A Level Specification, also click here to access our SAMPLE MATERIAL. 

“The students have found them so useful.  The quality of the resources is excellent”. Andrea Andrews, The Royal Latin School. 

Discussion forums on the multiple choice questions contained in the recent Paper 3 exam indicate that many students found these multiple choice questions challenging.  These type of questions are worth almost 40% (37.5%) of the total 80 marks available for this Paper.  It is, therefore, well worth investing in APT’s bank of 540 Multiple Choice Questions on the entire AQA A Level Economics Specification. These are available for immediate despatch in interactive and / or printable test paper formats.  Further details are provided below, together with information on our set of 4 mock papers for Paper 1, Paper 2 and Paper 3. 

APT’s multiple choice questions also provide flexibility over delivery as the questions can be supplied as:

Interactive PowerPoint questions - for use on a computer (and intranet) for students to complete in their own time, or during class as a group exercise. AND / OR Printable Test Paper documents - for teachers to issue to students as formal tests to complete in class, in a set time limit.

Contents of APT MCQ Resources for A Level:

Consists of a set of 30 questions on each of the 14 subject content areas listed in the AQA A Level Economics specification, ie 30 multiple choice questions on each of the following numbered sections:Individuals, firms, markets and market failure:1.     Economic methodology and the economic problem2.     Individual economic decision making3.     Price determination in a competitive market4.     Production, costs and revenue

5.     Perfect competition, imperfectly competitive markets and monopoly

6.     The labour market

7.     The distribution of income and wealth: poverty and inequality

8.     The market mechanism, market failure and government intervention in markets

The national and international economy:

9.     The measurement of macroeconomic performance

10.  How the macroeconomy works : the circular flow of income, AD/AS analysis, and related concepts

11.  Economic performance

12.  Financial markets and monetary policy

13.  Fiscal policy and supply-side policies

14.  The international economy

 

It also contains:

2 ‘end of section’ tests, ie a set of 30 questions testing aspects relating to Individuals, Firms, Markets and Market Failure and a set of 30 questions testing aspects relating to The National and International Economy.

2 final tests of 30 questions on any aspect of the AQA A Level Economics specification.  These could form part of a mock examination for A Level Paper 3: Economic Principles and Issues. 

 

“I have found the MC questions of great use to put on our VLE as the students get such good feedback if they are wrong. 

It is a great way to test their knowledge as well as revising as they go”.  Campbell Smith, Caterham School.

 

APT has also produced sets of 4 Mock Exam Papers for A Level Paper 1, Paper 2 and Paper 3.  Please click HERE to see further details.

Price + VAT for unlimited use at your school or college:

AQA AS Paper 1: 240 Multiple Choice Questions on The Operation of Markets and Market FailureInteractive AND Printable Version  £110

AQA AS Paper 1: 240 Multiple Choice Questions on The Operation of Markets and Market Failure – Interactive PowerPoints Only  £65

AQA AS Paper 1: 240 Multiple Choice Questions on The Operation of Markets and Market Failure – Printable Version Only  £55

AQA AS Paper 2: 200 Multiple Choice Questions on The National Economy in a Global Context - Interactive AND Printable Version £90

AQA AS Paper 2: 200 Multiple Choice Questions on The National Economy in a Global Context – Interactive PowerPoints Only  £55

AQA AS Paper 2: 200 Multiple Choice Questions on The National Economy in a Global Context – Printable Version Only  £45

AQA AL 540 Multiple Choice Questions Covering the Entire AL Specification - Interactive AND Printable Version  £270

AQA AL 540 Multiple Choice Questions Covering the Entire AL Specification - Interactive PowerPoints Only  £145

AQA AL 540 Multiple Choice Questions Covering the Entire AL Specification – Printable Version Only  £135

AQA AL Paper 1: 4 Mock Exam Papers, Mark Schemes & Answers on Markets and Market Failure  £65

AQA AL Paper 2: 4 Mock Exam Papers, Mark Schemes & Answers on National and International Economy  £65

AQA AL Paper 3: 4 Mock Exam Papers, Mark Schemes & Answers on Economic Principles and Issues  £75

UK economy may not withstand interest rate rise – S&P…

A good article specifically relating to Interest Rates https://www.theguardian.com/business/2017/oct/04/uk-economy-not-withstand-interest-rate-rise 

Edexcel spec reference 2.6.2 Monetary policy instruments: interest rates               

AQA spec reference 3.2.4.1 Know how changes in the interest rate affect macroeconomic performance.

OCR spec reference Page 22 Explain how interest rates can be used to influence macroeconomic variables