Type of ownership

TypicalExample

Advantages Disadvantages

What is a business? and Why Start up

a business?

Setting Business Aims and Objectives

What is a business plan? And why is planning important

What are the different types of legal structure?

What factors affect the location of a

business?

What is the difference between limited and unlimited liabilities?

Factors affecting location include:

Information included in a business plan

What is a business plan and give three reasons for producing a business plan

An aim is…

An objective is…

Examples of aims of a business

What is a stakeholder?

Examples of stakeholders

GCSE Business – Unit 1 Topic 1 – Revision Mind MapName:

Reasons for starting a business?

What is Market Research?

What is the Marketing Mix?

GCSE Business – Unit 1 Topic 2 – Revision Mind MapName:

What is e-commence?

Type of Promotion

Advantages Disadvantages

Promotion

Place

Price

ProductWhat is the marketing mix and

what is it used for?

Why do businesses carry out Market Research?

What is Primary Market Research? Give examples

What is Secondary Market Research? Give examples

What does the term ‘e-commerce’ mean?

Give three benefits of e-commerce to a

business.

Give three drawbacksof e-commerce to a

business.

Explain what a business must consider for each of the 4 P’s

How do you calculate profit?

GCSE Business – Unit 1 Topic 3 – Revision Mind MapName:

Source of finance

Benefits of source of finance Drawbacks of source of finance

What are the sources of finance available to a

small business?

State and explain the six sources of finance available to a small business

Profit = Revenue - Costs

Revenue is…. Costs are…

To calculate profit use this formula

Name Selling Price

Units sold per year

Revenue TotalCosts

Profit

Suit Shop

£500per suit

200 suits per year

£70,000

Alex’s Barber

£10 a haircut

3,000 haircuts a year

£19,000

Shay’s Florist

£15 a bunch

2,500 bunches a year

£40,000

Jon’s Motors

£2500per car

200 cars per year

£100,000

What is a cash flow forecast? And what is the difference between cash and profit?

What is a cash flow forecast?

Solutions to cash flow problems:Why is cash and cash flow important?

Topic 4:

What are the stages of the recruitment process?

GCSE Business – Unit 1 Topic 2 – Revision Mind MapName:

What laws and legislation exist to protect employees?

Name of Law Description of law – What does it prevent?

Step 1:

Step 2:

Step 3:

Step 4:

Step 5:

What is the difference between a full and part time employee?

What is the difference between internal and external recruitment?

Ways a small business can advertise a vacancy…

How can we motivate employees? Why is it important to have motivated

employees?

Motivation is the desire to do something. People can be motivated by monetary or non-monetary methods.

List at least three monetary methods of motivation -

List at least three non monetary methods of motivation -

Explain at least two problems with having unmotivated employees?

What are the consequences for a small business of failing to follow these legislations?

What is Job Production?

GCSE Business – Unit 1 Topic 5a – Revision Mind MapName:

Advantages of job production Disadvantages of job production

What is Batch Production?

State three examples of possible products made through job production…

Describe what job production is and the main features of this method.

Describe what batch production is and the main features of this method.

State three examples of possible products made through batch production…

Advantages of batch production

Disadvantages of batch production

Explain the main differences between job and batch production

How can technology

make production of goods and

services more efficient?

List three ways technology has been used in the production of

goods and services?

State three benefits of using new technology in production

State two problems of using new technology in production

Operational efficiency

and product quality

Describe what the term efficiency means

Describe what the term quality means and why it is important.

Name of Law Description of law – What does it prevent?

What is customer service?

How has ICT helped to improve the service that is offered to customers?

GCSE Business – Unit 1 Topic 5b – Revision Mind MapName:

What is e-commence?

Describe what does the term customer service means?

List two ways that a business can offer good customer service before the sale?

List three ways that a business can offer good customer service at the time of purchase?

List three ways that a business can offer good customer service after the sale?

State and explain two benefits to a business of offering good customer service

What are the consequences of failing to follow consumer protection legislation?

List three benefits the internet has provided customers with to improve customer service

List three limitations the internet has provided

customers with to improve customer service

Consumers are protected by the law when they buy goods and services. Businesses must follow important consumer protection laws.

Consumer Protection