bridging the gap transitioning into year 12 business ... · task 1 compulsory is based around unit...
TRANSCRIPT
![Page 1: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/1.jpg)
Bridging the Gap –
transitioning into year 12
Business Department
Summer 2020 Booklet
![Page 2: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/2.jpg)
The bridging booklet is designed to provide you with a flavour of what you should expect
in year 12, particularly with the standard and level of work that you produce.
The following pages will consist of 10 tasks with each task providing you with an
indication of the number of hours work needed to accomplish the task.
▪ Task 1 COMPULSORY is based around Unit 4 (2 hrs)
▪ Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs)
▪ Task 3 COMPULSORY is based around Unit 1/2/5/8 (2.5 hrs)
▪ Task 4 COMPULSORY is based around Unit 1/2/5/8 (1.5 hrs)
▪ Task 5 CORE is based around Unit 1 (1 hrs)
▪ Task 6 CORE is based around Unit 1 (1 hrs)
▪ Task 7 CORE is based around Unit 6 (1 hrs)
▪ Task 8 CORE is based around Unit 2, 4 & 22 (1 hrs)
▪ Task 9 MASTERY is based around Unit 3 (1.5 hrs)
▪ Task 10 MASTERY is based around Unit 3 (1.5 hrs)
![Page 3: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/3.jpg)
COMPULSORY TASKS - the core level tasks form 8 hours
Task 1: Managing an event
LO1: To understand the different factors to be considered by an organiser when managing
an event and choosing your venue? -Activity 1
LO2: To consider the possible marketing methods may use for your event? -Activity 2
You are a London based not-for-profit wanting to arrange a charity celebrity football
match. You have the players confirmed and just need to confirm and book a venue. You
are expected to sell roughly 8000 tickets and expect most of the supporters to be coming
from housing on the circle line.
Activity 1: Select which venue would be most suitable to hold your event and explain
why each factor below is important when planning your charity football match.
1. Setting up the programme
2. Location
3. Venue
4. Catering
5. Reserving facilities
6. Preparing and distributing documents.
![Page 4: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/4.jpg)
Activity 2: Marketing Methods
1. Come up with as many methods of marketing as you can think of
2. Which methods of marketing would be appropriate for your event and why?
Activity 2: Which 4 marketing methods should you consider for the promotion your event? Explain and justify
your choices.
Method Justification of use and impact
![Page 5: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/5.jpg)
Task 2: PESTLE ANALYSIS
LO: To understand how external factors may influence a business
LO: To understand how to use the PESTLE ANALYSIS tool to identify the current influences
on a business of your choice.
What is PESTLE analysis?
This is a business analysis tool that aims to look at external factors and how they may have an impact
on the business
The PESTLE model helps businesses analyse its external environment by grouping external forces into
six areas.
![Page 6: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/6.jpg)
Activity: Complete a PESTEL Analysis for your chosen company.
(Complete further research and use data to support your discussions)
PESTLE Factors How each factor impacts/influences your chosen company: _______________
POLITICAL
ECONOMICAL
SOCIAL
TECHNOLOGICAL
LEGAL
ENVIRONMENTAL
![Page 7: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/7.jpg)
Task 3: SWOT Analysis
LO: To understand and be able to identify strengths, weaknesses, opportunities and
threats within a business
Main Task:
You are working as an advisor for IKEA. You must perform a SWOT analysis on the
company. The Project Manager has given you a range of factors to consider.
Your tasks are to:
1. Research and Identify SWOT factors and complete the grid provided below. You must support
your points with research data. (Provide a minimum of 3 factors per quadrant- guidance is
provided below along with an example SWOT analysis of Audi)
2.
3. For each factor, you must explain the how the factors may benefit or put the company at risk
![Page 8: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/8.jpg)
Strengths Weaknesses
Opportunities Threats
![Page 9: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/9.jpg)
Task 4: SWOT Analysis 2 (Zing PFC - Local Business)
LO: To be able to apply the SWOT analysis tool to understand the curent position of an
SME (Small-Medium Enterprise).
Zing PFC, owned by Mr Rahman, typically sells fast food. The PFC first came into existence in 2012 but
ownership changed in October 2017 when Mr Rahman took it over and it is now run as a private limited
company with Mr Rahman as the only shareholder.
Mr Rahman is involved in the day-to-day running of the business and works 7 days a week with the help
of 3 employees. He is considering expanding the business by opening up another branch and has two
friends that are interested in supporting him.
Zing PFC exists to provide the public with a unique taste of flavours and to ensure the business becomes
an established one. The average annual sales turnover is £65,000 and Mr Rahman hopes to maximise
profit and provide ‘the best fried chicken in town’.
Mr Rahman has observed occasions where people have brought food for the homeless and the business
has also provided the same. The biggest issue currently facing Zing PFC is healthy eating at a time when
there is a national awareness on obesity.
Mr Rahman considers other PFC’s such as Dixy, KFC and other local takeaways, who also provide fast
food, as his competitors. Mr Rahman realised that local takeaway food was quiet generic and so Zing
PFC aims to stand out by offering:
• Very spicy sauce,
• Competitive pricing,
• Quality burgers
• Quick and efficient service
• Consistent customer service
• Amazing tasting food.
Zing PFC is located near a secondary school and sixth form which helps drum up a lot of business.
Whilst Zing PCF doesn’t have its own website, customers can purchase online from Just-Eat, Uber Eats
and Deliveroo. Zing PFC also has a Twitter and Instagram account but Mr Rahman is not very active in
using these at the moment.
Some of the reasons Mr Rahman wanted to acquire his own business is because he wanted to work for
himself and stated “I want to work around my life and not the other way round”.
Mr Rahman believes his mind set of being focussed, committed, confident, flexible and resilient really
has helped Zing PFC to become a successful business. He also believes understanding the needs of your
customers is the key to success. This involves having knowledge of products you are offering, listening to
customer feedback and working to ensure they are kept happy. This has ultimately led to progressive
increase in sales revenue with a view to opening a second branch in the near future.
![Page 10: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/10.jpg)
Main Task: SWOT analysis of a small-medium enterprise
You are working as an advisor for Zing PFC Ltd. You must perform a SWOT analysis on the
company. Mr Rahman has given you a range of factors to consider within the case study
above. Your tasks are to:
4. Research and Identify SWOT factors and complete the grid provided below. You must support
your points with research data. (Provide a minimum of 3 factors per quadrant- guidance is
provided below)
5. For each factor, you must explain the how the factors may benefit or put the company at risk.
Strengths Weaknesses
Opportunities Threats
![Page 11: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/11.jpg)
Core Level Tasks – the core level tasks form an additional 3 hours
Total Hours: 12
Task 5: Case Study: Zoom sees sales boom amid pandemic
https://www.bbc.co.uk/news/business-52884782
1. How many people participated with Zoom at its peak of use.2. What is the expected sales figure for this Year for the company?3. What is the name of the founder of Zoom?4. Discuss TWO possible reasons for the boost in sales of Zoom Plc.5. How will this boost benefit the company in the longer run?
Task 6: Case Study: Glastonbury 2020 cancelled due to coronavirus: ‘This was our only
option’
https://www.independent.co.uk/arts-entertainment/music/news/glastonbury-cancelled-coronavirus-
2020-ticket-refund-how-claim-a9407511.html
Read Case study and answer the following questions
1. Approximately how many attendees are
expected at Glastonbury every year?
2. What is the reason for the cancellation of
Glastonbury 2020?
3. How does this impact the
customers/attendees?
4. How does this impact the event organisers?
(M)
5. What long term impact can this have on this
well-known annual event? (D)
![Page 12: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/12.jpg)
Task 7: Case Study-Principles of Management
Motivation: Hyundai Motors
Hyundai Motors and its affiliate Kia Motors combined are the world’s 5th largest automaker. Due to falling
sales and profits at both Korean car makers they are trying to reduce costs. A local paper reports that
Hyundai was looking to cut costs by as much as 30%. It is thought, that in the first instance, this will
probably be from sales and marketing costs. Analysts believe that their poor performance also gives them
leverage when negotiating auto part prices with suppliers and with workers’ wage negotiations.
Cutting costs will not be easy. Hyundai has experienced strikes in 26 of its 30-year history. 2015 looks to
be no different. There are serious concerns that any losses due to work stoppages in 2015 may be hard to
make up as it is relying on the newly launched model to reverse falling sales. In 2014 Hyundai suffered a
production loss of approximately 42,000 cars worth $772 million. 48,000 of Hyundai’s 62,000 workforce
belong to trade unions. In 2015 78% of the 89% that took part in a union ballot voted in favour of strike
action.
Hyundai have said that workers’ demands are excessive and if met would seriously damage the company.
The workers’ demands include:
• 7.8% pay rise
• 2015 bonus equivalent to 30% of the 2014 operating profit
• Guaranteed job security until the age of 65
Questions:
1. Explain the factors that motivate employees at Hyundai. (8 marks)
2. Identify and discuss the benefits for Hyundai if they decide to meet demands of their
employees? (8 marks)
3. Identify and discuss the drawbacks/risks for Hyundai if they decide to meet demands of their
employees? (8 marks)
TIP: You may choose to use additional research to support your discussions in order to demonstrate
higher order researching, application and analysis skills.
![Page 13: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/13.jpg)
Task 8: Case Study: Cost of Media Advertising- Sony PlayStation 5 Release
As the Marketing Manager of Sony, research and suggest the cost of advertising in different media.
You can use this table format to help with your research for the exam for costing in promotional methods
selected. It will aid in ensuring you stay within the budget given in the exam for promotional methods selected.
Media Business/ channel/ newspapers/ magazine names
Cost (This should include length and amount)
Time period you will require
Total cost
Leaflets £
Billboard
Bus stop poster
Newspaper:
Local
National
Magazines
Social media costings
TV Advertising
You only need to select channels your target audience watches. Remember each channel has different primetime
( when audience is at its peak)
Time
ITV
Channel 4
Channel 5
CITV
Sky sports
( eg £10,000 for 30min advert off peak )
![Page 14: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/14.jpg)
Mastery Level Task – the mastery level task form an additional 3 hours
Total Hours: 15
Task 9 – Understanding my personal finances
(a) Banks offer a number of current accounts during our life-stages. Research the different accounts
available at the following banks. List their features. It may be an idea to complete this in a table.
(b) On completion of 9(a) Extract the information and look only at your current accounts. Create
another table three columns, dividing these current accounts into ‘Standard’, ‘Packaged
Premium’, ‘Basic’ and ‘Student’. Discuss the advantages and disadvantages of each.
(c) Gabriella has just finished sixth form and is looking forward to starting at Birmingham University
in October. During the summer, she starts to look at which student accounts are available. She
is surprised to see that they vary so much between different high street banks. To help her
decide which account is best, she summarises her findings in a table. (see table below).
Answer the following questions:
1. Outline why you think Gabriella should open a student current account.
2. Can you identify which students account is best for Gabriella? Justify your answer.
3. What would be your priorities when choosing a student account? DISCUSS
4. What do you think the benefits to the banks of offering student accounts? DISCUSS
Account Name
Interest paid on credit (positive balances)
Interest free overdraft and additional overdraft
Charges for unauthorised overdrafts
Conditions other
Student First 3% on balances between £500 and £3000
Up to £500 in first year increasing to up to £1500 in subsequent years (terms and conditions apply)
£25 administration £5 daily charge
None £100 Waterstones voucher Ability to apply for a student credit card
![Page 15: Bridging the Gap transitioning into year 12 Business ... · Task 1 COMPULSORY is based around Unit 4 (2 hrs) Task 2 COMPULSORY is based around Unit 1/2/5/19 (2 hrs) ... LO1: To understand](https://reader036.vdocuments.us/reader036/viewer/2022071211/6023dba88181444c572a37d7/html5/thumbnails/15.jpg)
No additional overdraft
Varsity Account
None Up to £1000 in first 3 years Up to £3000 if studying for a fourth and fifth year
£10 a month penalty plus 8% on outstanding balance
Must pay £250 a month into account
Four year student rail card plus 10% discount on national coach travel
Student sense
1% up to £200 1.5% up to £1000 2% up to £3000
Up to £1500 per year
£35 administration £5 daily charge
Must register for online banking
Three year student rail card Debit card 10% discount on student insurance with same provider.
Student ABC 0.5% no upper limit
Up to £1000 in year 1 and £3000 in year 2 and beyond
Must register for online banking Must pay £100 per month into account.
£60 cash deposit
Task 10: Case Study: Bethany and Mark’s inheritance.
Bethany and Mark have inherited some money from their grandfather. Bethany wants to save money
for future use so that she has something to rely on while Mark thinks that he will make the best use of
his money if he invests it.
a) Research the difference different types of savings and investment, in particular looking at their
advantages and disadvantages. What is the difference between savings and investment? Can
you help Bethany and Mark?
b) Assess the risks and rewards of savings versus investment. (this is a 12-mark question, so time
should be taken to plan your answer effectively).