Literacy

• Productivity• Efficiency• Competitiveness

StarterCan you name the book?

Lesson Objectives

• Understand that businesses operate within an external environment (C)

• Discuss examples where this has influenced company decisions (B)

• Assess the consequences of the environment on long term business implications (A)

What is it?

• GDP = Gross Domestic Product

• A measure of economic activity

• It is an external factor that affects business

• http://www.bbc.co.uk/news/business-13200758

GDP (numeracy focus)

GDP

GDP

Time

A: The number of new housing starts begins to fall

D: Rising demand for steel

B: Car plants decide to reduce the number of

shifts

C: Consumers hit by delays in product

delivery

H: Rising business class air revenues

E: Home delivered pizza becomes more popular

F: More building skips start appearing on the

streets

G: More companies attempt to introduce

wage freezes

J: The cost of shipping goods

around the world starts to rise

K: Sales of milk chocolate start to

decline

L: Banks relax credit rules

I: Share prices hit by rise in number of company

profit warnings

Over to you

• In groups, discuss and have 5 mins to identify where you would place each picture on the chart.

• Write the letter on the sheet

• Prepare to explain your decision

Business Response

• Annotate one of the choices with an explanation of how a business could respond to this event. (5 mins)

In context

• Refer to the data and the question.

• Produce a paragraph as part of a response to the question (5 mins). Use the words from the start of the lesson (literacy focus)

• Given the levels of response and your current knowledge, where would you assess your progress towards answering the question? (marks scheme)

Lesson Objectives

• Understand that businesses operate within an external environment (C)

• Discuss examples where this has influenced company decisions (B)

• Assess the consequences of the environment on long term business implications (A)

Literacy check

• Productivity• Efficiency• Competitiveness

B: There are more unfilled job vacancies

C: Increasing hours of overtime

D: Rising homelessness

M: Rising real income

L: Rising lipstick sales

F: Long-term unemployment

reaches new high

N. Government announces a fall in trade deficit due to decline in

imports

Extension- where would these go?

Z: Rising government spending