Literacy Productivity Efficiency Competitiveness.

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Presentation transcript:

Literacy Productivity Efficiency Competitiveness

Starter Can 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://

GDP (numeracy focus)

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