Spring 2

This half term pupils, will study how different stakeholders are affected by business activity.  For example, what are the interests of an owner compared to an employee and do they conflict?  Pupils will also study the importance of e-commerce and how businesses in this day and age need to have an online presence and have different payment systems as well as a cash system. 

How parents can get involved:

  • Ensure pupils are completing checkpoints on MS Teams. 

Ask your child:

  • What are the external stakeholders of a business?
  • What are the internal stakeholders of a business?
  • What are the different payment methods a business can use?

Spring 1

This half term, pupils will study the concept of limited liability looking at limited and unlimited liability. Pupils will also look at the different types of business ownerships such as sole trader, partnership, private limited company. Pupils will then study the different factors that influence business location such as proximity to: market, labour, materials and competitors. Lastly, pupils will study the impact of e-commerce on business location.

How parents can get involved:

  • Ensure pupils are completing checkpoints on MS Teams.
  • Ask your child to discuss the different types of business ownerships.

Autumn 2

Pupils will study:

  • What are the different aims and objectives for a business
  • Business revenue, cost and profit
  • Calculating interest, breakeven and margin of safety
  • Cashflow
  • Importance of cash to a business

How parents can get involved:

  • Ensure pupils are completing checkpoints on MS Teams
  • Discuss any interest rates that you might be paying
  • Discuss the importance of cash to pay employees, utilities and suppliers

Autumn 1

Pupils are learning about entrepreneurship and what makes a good entrepreneur. Students will look at how new businesses come about and how technology affects this. Pupils will also learn what are the risks and rewards for a business.

How parents can get involved:

  • Discuss the qualities of an entrepreneur
  • Discuss the risks