Do Now7 questions in 7 minutes!What have you learned?
Transforming Resources into    Goods and Services
Learning ObjectivesBy the end of this lesson you should be able to:1.   Understand and explain the basic input-process-out...
Discuss!          Discuss the images on          your table and answer          the questions….          You have 5 minute...
Business inputs and outputs        The carrots in the example have        gone through a process of turning        inputs ...
Do you know your products from                    your services?LO1) Understand and explain the basic input-process-output...
Product or Service?      Product – a tangible good that is manufactured      or refined for sale.          E.g. – Car, CD,...
Identifying Business Sectors      You have 15 minutes to produce a      poster explaining one of the following      busine...
The changing importance of business                    sectors       The UK has seen a decline in the       primary and se...
Added Value       Adding Value – is the difference in value between the price of       the finished product and the cost o...
A business can add value in a number                    of waysLO3) Understand and explain the benefits of added value to ...
What added has been used?
What are the benefits of a business of adding value?                                        Differentiation from the      ...
Penelope’sRead the case study basedon Penelope’s and answerquestions 1, 2, 3….Question 3 – structure:  Definition  Explain...
HomeworkYou have now completedanother chapter of Business:  Transforming resources into  goods and services.To consolidate...
Finally….Pass the ball….State one thing youhave learned during thelesson.
Re-cap Learning ObjectivesYou should now be able to:1.   Understand and explain the basic input-process-output     model o...
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1.3 transforming resources into goods and services - moodle

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  • Enterprise and entrepreneursGenerating and protecting business ideas
  • 1.3 transforming resources into goods and services - moodle

    1. 1. Do Now7 questions in 7 minutes!What have you learned?
    2. 2. Transforming Resources into Goods and Services
    3. 3. Learning ObjectivesBy the end of this lesson you should be able to:1. Understand and explain the basic input-process-output model of business activity.2. Understand and apply the classification of business activity by sector.3. Understand and explain the benefits of added value to a product or service and apply this to specific products/ services.
    4. 4. Discuss! Discuss the images on your table and answer the questions…. You have 5 minutes!LO1) Understand and explain the basic input-process-output model of business activity.
    5. 5. Business inputs and outputs The carrots in the example have gone through a process of turning inputs into outputs. Input – something that contributes to the production of a product or service Output – something that occurs as the results of business inputs.LO1) Understand and explain the basic input-process-output model of business activity.
    6. 6. Do you know your products from your services?LO1) Understand and explain the basic input-process-output model of business activity.
    7. 7. Product or Service? Product – a tangible good that is manufactured or refined for sale. E.g. – Car, CD, Food Service – an intangible good that can be paid for or experienced. E.g. – Rail Travel, Haircut, Accountancy ServiceLO1) Understand and explain the basic input-process-output model of business activity.
    8. 8. Identifying Business Sectors You have 15 minutes to produce a poster explaining one of the following business sectors: Primary Secondary Tertiary Quaternary You will to provide a description and an example for your given sector. Prepare to feedback....LO2) Understand and apply the classification of business activity by sector.
    9. 9. The changing importance of business sectors The UK has seen a decline in the primary and secondary sector and expansion in the tertiary and quaternary sectors – Why? How are some primary sector businesses adapting? Farms now offer accommodation, farm shops or activity centres.LO2) Understand and apply the classification of business activity by sector.
    10. 10. Added Value Adding Value – is the difference in value between the price of the finished product and the cost of raw materials. Raw materials + processing = finished product/ service Added value Selling price - cost of raw materials = added valueLO3) Understand and explain the benefits of added value to a product or service and apply thisto specific products/ services.
    11. 11. A business can add value in a number of waysLO3) Understand and explain the benefits of added value to a product or service and apply thisto specific products/ services.
    12. 12. What added has been used?
    13. 13. What are the benefits of a business of adding value? Differentiation from the SHARE competitor. Charging a higher price. Reducing the sensitivity of demand to changes in PAIR price. Higher profit margins. Targeting product or THINK service in andifferent market segment.LO3) Understand and explain the benefits of added value to a product or service and apply thisto specific products/ services.
    14. 14. Penelope’sRead the case study basedon Penelope’s and answerquestions 1, 2, 3….Question 3 – structure: Definition Explain and give suggestions as to how they could add value.
    15. 15. HomeworkYou have now completedanother chapter of Business: Transforming resources into goods and services.To consolidate this learningyou need to produce a set ofdetailed revision notes.Due: Next Lesson
    16. 16. Finally….Pass the ball….State one thing youhave learned during thelesson.
    17. 17. Re-cap Learning ObjectivesYou should now be able to:1. Understand and explain the basic input-process-output model of business activity.2. Understand and apply the classification of business activity by sector.3. Understand and explain the benefits of added value to a product or service and apply this to specific products/ services.
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