Year 11 - Unit 5 Revision Activities
Hate revision by reading? Follow the below activities to help your revision become more interesting!
Business Failure: (Lessons 2 & 3)
1) Complete a mindmap with ‘Business Failure’ in the middle – think of all the reasons why a business might fail
2) Complete a cash flow forecast for yourself over the next 6 months
3) What would happen if you have an unexpected bill of £700 next month
4) Create a poster showing the importance of cash flow
Price Strategies: (Lessons 4 & 5)
1) Create a powerpoint presentation answering the following questions:
i. What are the positives and negatives of raising prices
ii. What are the positives and negatives of lowering prices
iii. Is either one the right approach? What other factors might come into it?
iv. Why the price of petrol is high (think sensitivity and substitutes)
v. Why is the price of apples low (think sensitivity and substitutes)
Social Responsibility: (Lesson 6)
1) Record a podcast highlighting the main ways McDonalds could be more socially responsible and what impact it may have. Why might McDonalds want to be socially responsible?
Stakeholders: (Lesson 7)
1) List all the internal stakeholders of Tesco
2) List all the external stakeholders of Tesco
3) What would each of these stakeholders do if they decided to close Tesco Wokingham down?
4) Who would have the most power in this instance to change the decision? Why?
Competitive advantage: (Lesson 8)
1) Draw the logos for every clothes shop you can think of
2) Underneath, write the main source of competitive advantage
Growth: (Lesson 9)
1) Create a poster showing the 4 types of growth, explain what they are and label whether they are internal or external growth
Advantages/Disadvantages of being large: (Lesson 11)
1) Create a powerpoint explaining all the different economies of scale
2) Highlight the point that it is about falling cost per unit
3) What other benefits do Microsoft have from being so big (think market power)
4) What is diseconomies of scale?
5) What are the main causes of diseconomies of scale?
Scarcity and choice: (Lesson 14 & 15)
1) List 4 trade offs you have in your life
2) List 4 trade offs that companies or the Government face?
3) Describe 5 examples of opportunity cost
Externalities: (Lesson 16)
1) Name 3 things that give negative externalities? What are the externalities?
2) Name 3 things that give positive externalities? What are the externalities?
3) The Government want to build a coal power station in Wokingham
a. Who are the stakeholders?
b. What externalities do they face?
Markets: (Lesson 17)
1) Choose 4 products that are over 2 years old
2) How has demand for this product changed?
3) What does this mean for the business?
Inflation (Lesson 18)
1) Create a powerpoint presentation that will teach me
a. What is inflation?
b. What is CPI?
c. How does high levels of inflation affect Mr McSweeney’s lifestyle?
Unemployment: (Lesson 19)
1) Create a spidogram with ‘Unemployment’ in the middle
2) Think of all the effects of unemployment (for society and the individual)
Exchange rates (Lessons 20 & 21)
1) Create a poster that explains SPICED
2) Explain how a strong pound will affect;
a. Tesco purchasing bananas from Ecuador
b. Virgin selling flights in Germany
The Economy (Big one!): (Lessons 23, 24, 25, 26 & 27)
1) Create a series of revision cards that explain the following;
a. What is GDP
b. What is Economic growth
c. What causes economic growth?
d. What are the Governments aims for the economy?
e. What policies do the Government use to change the economy?
f. What are interest rates?
g. How do interest rates affect the economy?
h. What is taxation?
i. How does taxation affect the economy?
j. What is Government spending?
k. How does Government spending affect the economy?
l. What social issues do the Government try to address?
m. How does the Government address them?
n. What is the business cycle?
o. What is a boom?
p. What is a recession?
q. What is an economic shock?
r. What is the difference between internal and external shocks?
Standard of living: (Lessons 28 & 29)
1) Draw a poster showing the standard of living in the UK as compared to Ghana
2) Detail the GDP per capita of these countries and the HDI
3) Can you answer the question “What is happiness?”
Sustainability: (Lessons 30, 31 & 32)
1) Write a letter to David Cameron highlighting the reasons why he should be concerned with large organisations. What could be done to aid sustainable growth? What should he do to protect the environment? How would these policies protect the environment?
Global Economy: (Lessons 33, 34, 35 & 36)
1) Create a powerpoint that will teach me the following;
a. What is the EU?
b. What is a free trade area?
c. What is the customs union?
d. What is a single market?
e. What are trade barriers?
f. What are tariffs?
g. What is a quota?
h. What is international development?
i. Does Nike having a factory in China help or hinder?
Poverty: (37 & 39)
1) Research what is meant by:
a. Absolute Poverty
b. The Poverty Line
c. Relative Poverty
d. Pressure groups
e. NGOs
2) Do you think the Government can reduce poverty?
3) Can NGOs help reduce poverty?
Monopoly: (Lessons 40, 41 & 42)
1) Draw a poster in the style of a monopoly board explaining the following;
a. What is a monopoly?
b. What is the positive effects of a monopoly on the business and the consumer?
c. What is the negative effects of a monopoly on the business and the consumer?
d. What is self regulation?
e. How does self regulation work?
2) Research the competition commission and the office of fair trading?
a. What do they do?
Business Success: (Lesson 43)
1) Create a powerpoint answering this simple question: How do we measure the success of a business?
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