Introduce the magic of augmented reality into your classroom with our EzyEconomics & EzyBusiness Snapshots!
The business models required within the AQA syllabus generates a lot of interest among our users. We are often asked if we cover all the models. The answer to that question is yes we do and this table details coverage along with links to various content videos and assessment material.
Welcome to this week's EzyBusiness Weekly 5.
This week we're looking at the following stories:
1. Sports Direct's Mike Ashley under the microscope
2. Ted Baker's "awkward hugging policy"
3. Financial turbulence for Thomas Cook
4. Larger businesses making late payments to smaller businesses
5. The end of the pager
Welcome to this week's Business Weekly 5
This week, the topics we're covering are:
1. The UK pub industry
2. General Motors budget cuts
3. A look at ticket reseller Viagogo
4. Primark and fast fashion
5. Black Friday trends and figures
Today's Weekly 5 covers some of the top Business stories in the news this week.
We're looking at:
1. IKEA's plans for new format stores
2. Supply chain issues for Apple
3. The demise of Carlos Ghosn
4. WHSmith's international expansion plans
5. Dolce & Gabbana's marketing blunders
This week's Weekly 5 looks at the following stories:
1. Struggling airline FlyBe announces it may sell the business
2. The best and worst e-commerce websites announced
3. Amazon's new HQ locations
4. The growth of music streaming service Spotify
5. Dutch food producer's copyright claim rejected
Welcome to a new feature on the EzyBusiness blog - The Weekly 5
You might be familiar with this if you follow our Economics blog or social media accounts. We thought it would be a great idea for EzyBusiness to have its own version.
I am sure I am not alone in describing the pain, anguish and untold stress of being dragged through one of IKEA’s large factory-sized stores, looking for that one remaining household item to complete the chic décor of the lounge. However, anyone that has had the somewhat unpleasant experience of shopping in IKEA may have realised that it is not always as straightforward as that! I’ve always thought these stores resembled more of something out of a TV game show than a shopping experience, with the only saving grace arriving once you’ve reached the checkpoint: the Swedish meatballs!
On day 30 of the Year 13 Recap we discuss the nature of MNCs and evaluate some of the limitations of MNCs becoming larger and more influential in the global economy.
A multinational corporation (MNC) is a firm which conducts activities in different international markets. These companies represent the biggest and most powerful brands in the world.
On day 29 of the Year 13 Recap we discuss why and how a firm can change its marketing strategy to aid the effectiveness of international expansion into unknown markets.
When a business expands internationally into a new market the focus is placed on the benefits that this will generate for that firm. However, there are lots of examples of firms in the past that have tried to be too ambitious too quickly and have had to retrench shortly after expansion due to the failings of the move.
On day 28 of the Year 13 Recap we assess the motives behind international expansion from an individual firm’s perspective.
Often the focus can be on a firm’s desire to expand internationally to sell a broader customer base that has not been exposed to the firm’s products and services. However, just as tempting for a business is to expand internationally to exploit cost advantages on the production side of the business.
On day 27 of the Year 13 Recap we discuss the conditions that prompt business to trade with customers, suppliers and other business in different countries.
For many businesses there becomes a limit to just how far a business can progress within the realms of their own domestic customer base. Therefore, the easiest growth opportunities that a business can exploit in a globalised world is to expand into other international markets.
On day 26 of the Year 13 Recap we turn our attention towards the global aspect of business and a good place to start is with the concept of globalisation.
Globalisation is a term which is used to explain how individual economies have moved away from their localised specialities towards a more global approach. Globalisation has fielded a series of advantages for firms, be that small or large, through the reduction in transportation costs and trade barriers.
On day 25 of the Year 13 Recap we review some of the most important financial ratios that businesses use to provide evidence of business progression.
Financial ratios are commonly used as a summative checkpoint of how a business is progressing in relation to its own corporate objectives. Financial ratios are wide-ranging and can cover all sorts of ground. As profit is the central objective for many businesses it is important, particularly for investors, that financial ratios are aligned towards measuring the profitability of the business’s core proposition.
On day 24 of the Year 13 Recap we review liquidity ratios and discuss the pros and cons of these financial ratios.
The statement of financial position for a business summarises what the business owns (assets) and what the business owes (liabilities). The short-term health of a business is determined by how effectively the business can meet its liabilities which are due to be paid over the current trading year.
On day 23 of the Year 13 Recap we review the concept of sensitivity analysis and explain why it is important for all businesses to prepare for the uncertainty in business outcomes.
When a business makes forecasts about their expected performance in the marketplace, they need to make key assumptions regarding the key market variables such as the expected quantity sold, the expected costs of production and other factors relating to market dynamics.
On day 22 of the Year 13 Recap, we review the statement of comprehensive income (income statement) and what stakeholders of the business can learn from looking at it.
The statement of comprehensive income is a financial document that summarises the ins and the outs in relation to a business’s cash flow over the course of the trading year.
On Day 21 of the Year 13 Recap we review the basic aspects of the statement of financial position (balance sheet).
For businesses, the statement of financial position is one of the most important accounts produced over the course of the trading year. This is because it represents a financial snapshot of the wealth position of that business over the year and importantly focuses on three important elements – assets, liabilities, and capital.
On Day 20 of the Year 13 Recap we recap the basics of network analysis diagrams and how they can be used to identify the critical path of projects.
Project management is a term that relates to how efficiently and effectively businesses can run a project, and crucially, the ability of the firm to deliver the project on time. The bigger a business becomes, the bigger the scale and might of their projects.