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