Year 9 - Homestudy

Homestudy
Enterprise and Ownership

Task 1 - My Ideal Business
Answer the following questions:
  • My ideal business would be...
  • I would sell (give details)...
  • Reasons for my choice are...
  • My ideal Logo would look like... (draw your logo) 
Miss Carman's 9C class -   DUE IN 1ST OCTOBER 2014


Task 2 - Limited v Unlimited
Download the table and state the pros and cons of being a limited or unlimited business.

Task 3 - Primary, Secondary and Tertiary Businesses
Research examples of each type of business (not those you looked at in class).
Download and complete this table.

Personal Finance

 Task 4 - Personal Finance: National Insurance


a) What is a NI number and when do you get one?

b) When do you have to start paying NI?

c) What do people who are self-employed have to pay?

d) What about employers?
Answer the following questions:

  • What is a national insurance number and when do you get one?
  • When do you have to start paying NI?
  • What do people who are self-employed have to pay?
  • What about employers?


Task 5 - Personal Finance: Credit Cards
Compare 3 different credit cards: Consider they way they look, the amount of interest they charge and any bonuses of using the cards (e.g. store points).
Download and complete this table.

Marketing

Task 6 - Marketing:  TV advertisement
Watch 2 television adverts, if possible, advertising different goods and services and complete the table answering all questions.


Task 7 - Marketing: Packaging
Find 2 examples of packaging. Your teacher will tell you for which product. Write a list of the similarities and differences between the packaging then state which is most effective, in your opinion, and why.


 Task 8 - Marketing: Segmentation and targeting
Research these market segments:
  • Age
  • Gender
  • Culture
  • Income
  • Lifestyle, hobbies and interests
  • Location

For each market segment, describe what businesses could focus on and give example businesses for each using this table. 

Task 9 Ethical Business
Describe and evaluate the ethical behaviour of a business/es of your choice.

Using the internet research cases involving one of the ethical issues that we have discussed. For example animal testing or pirate dvd’s.
TASK
Write a newspaper article to explain the issue. You should also include the arguments for and against the practice and how the issue can be resolved/compromised.


Task 10 - Functional Areas

Identify the main functional areas in a business.  Produce a mind map of each area and describe their main features and responsibilities.


EXTENDED HOMESTUDY
Task -  PEST Analysis
Carry out a Pest analysis on a business of your choice.
You need to state examples of the Political, Economical, Social and Technological factors affecting the business giving reasons for each.



a) What is a NI number and when do you get one?

b) When do you have to start paying NI?

c) What do people who are self-employed have to pay?

d) What about employers?
Task - Sole traders
What is a sole trader?
  • This is the most common type of business within the UK.
  • This is a business that is owned by and controlled by the same person.
  • The owner is the person who makes all the business decisions.
  • The Sole Trader must take responsibility should anything go wrong.
  • The Sole Trader must find the money to start up the business.

Using the Internet, research sole traders and answer the following questions:
  1. List all the places a sole trader can get funding to set up their business.
  2. Give 3 advantages of being a sole trader.
  3. Give 3 disadvantages of being a sole trader.

Task - Franchises

What are franchises?
  • A Franchise is when a company sells its name to other people.
  • The company allows those other people to trade using their products or services.
  • The person or company that sells its name is often known as the Franchiser.
  • The person who buys the name is the franchisee.
  • A franchisee has the opportunity to sell the goods or services whilst using the franchiser's trademarks, brand name, brand image and reputation.
  • The franchiser will charge a fee and also retain some control by issuing certain rules and guidelines for the franchisee to follow.
Define the following terms: Franchise, Franchisee and Franchiser. Summarise the process of how a franchise is setup. Give 2 advantages and 2 disadvantages of franchising.





 Task 
Primary

Secondary
Tertiary

Name of Business






What do they sell?






Where do they sell it?






Where do you find out about the
business?






Does the business have a website? If yes what id the web address?






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