AQA GCE Business Studies BUSS1- Planning & Financing a Business EXAM PAPER TOPIC TRACKER Keep track of which topics have been examined in the real papers for BUSS1 AQA AS Business Studies (BUSS1) – Topic Tracker You might also find the following resources for BUSS1 from tutor2u useful: BUSS1 Revision Guide AQA AS Business (BUSS1) - Revision Quizzes AQA AS Business (BUSS1) - The Basics for Revision AQA BUSS1 Pierre’s Personalised T-Shirts - Observations & Suggested Answers AQA AS Business (BUSS1) Opportunities for Evaluation AQA AS Business (BUSS1) - Key Topic Revision Checklist AQA AS Business (BUSS1) - Specification Resource Map www.tutor2u.net AQA AS Business Studies (BUSS1) – Topic Tracker Marks shown in brackets Jan 2009 May 2009 Jan 2010 May 2010 Jan 2011 May 2011 Jan 2012 May 2012 Youssef’s Accessories Steve’s Customised Cars Love Wood Anya’s Restaurant Tom’s Hairdressing Salon Kate’s Catering Pierre’s Personalised TShirts The Party Entertainer Enterprise and Entrepreneurs Entrepreneurs Explain a personal characteristic of the entrepreneur (3) Motives for starting a business Downsides of starting a business Risk and reward Opportunity cost Define opportunity cost (2) Government and entrepreneurs State two ways in which the government supports entrepreneurs (2) Generating and Protecting Business Ideas Sources of business ideas What makes a good idea? Franchises www.tutor2u.net Evaluation of decision to set up as an independent business rather than buy a What is meant by the term “franchisee”? (2) AQA AS Business Studies (BUSS1) – Topic Tracker Marks shown in brackets Jan 2009 May 2009 Jan 2010 May 2010 Jan 2011 May 2011 Jan 2012 May 2012 Youssef’s Accessories Steve’s Customised Cars Love Wood Anya’s Restaurant Tom’s Hairdressing Salon Kate’s Catering Pierre’s Personalised TShirts The Party Entertainer franchise (17) Protecting a business Idea Explain two possible benefits from having a patent (7) Analysis of benefits of a franchisor protecting business idea & products (10) Transformation Resources into Goods and Services Inputs to the transformation process Outputs from the transformation process Adding value Define adding value (2) Explain how personalizing a product can add value (4) Business Plans Contents of a business plan Limitations of a business plan Sources of information and guidance Market Research for a Start-up Primary Research www.tutor2u.net Define primary State an alternative method of primary Explanation of why a startup chooses to Evaluation of the strength of market AQA AS Business Studies (BUSS1) – Topic Tracker Marks shown in brackets Jan 2009 May 2009 Jan 2010 May 2010 Jan 2011 May 2011 Jan 2012 May 2012 Youssef’s Accessories Steve’s Customised Cars Love Wood Anya’s Restaurant Tom’s Hairdressing Salon Kate’s Catering Pierre’s Personalised TShirts The Party Entertainer market research (2) research to the ones used (1) Analysis of the limitations of the primary research undertaken (9) use primary market research (6) research carried out (15) Secondary Data Quantitative and qualitative research What is meant by the term “qualitative market research”? (2) Sampling Explain how results of qualitative market research benefited the business (6) Define quota sampling (2) Define random sample (2) Understanding Markets Defining a market Calculate market share (3) Calculate the size of the market (4) Calculate the size of the market (4) Define an electronic market (2) Geographical markets Factors affecting demand Evaluation of the factors that affect demand for case study products (13) Introduction to market segmentation Why use market segmentation? Explain two benefits of targeting a market segment (6) Demographic www.tutor2u.net Explain an advantage of targeting a niche market (4) Explain two problems of moving away from a market niche (6) Defining what is meant by a market segment (2) AQA AS Business Studies (BUSS1) – Topic Tracker Marks shown in brackets Jan 2009 May 2009 Jan 2010 May 2010 Jan 2011 May 2011 Jan 2012 May 2012 Youssef’s Accessories Steve’s Customised Cars Love Wood Anya’s Restaurant Tom’s Hairdressing Salon Kate’s Catering Pierre’s Personalised TShirts The Party Entertainer Analysis of benefits of having a bank overdraft (10) Analysis of reasons for choosing personal sources of finance rather than a bank loan (10) segmentation Geographic segmentation Limitations of market segmentation Analysing market data State formula for calculating market share % (2) Choosing a Legal Structure Defining the different structures Comparing the different structures Discussion of the decision to change from being a sole trader to a private limited company (14) Analysis of two benefits of forming a partnership (10) Social enterprises Sources of Finance for a Start-up Internal sources External sources Analysing two benefits of arranging a bank overdraft (10) Personal sources Choosing the right www.tutor2u.net Evaluation of the AQA AS Business Studies (BUSS1) – Topic Tracker Marks shown in brackets Jan 2009 May 2009 Jan 2010 May 2010 Jan 2011 May 2011 Jan 2012 May 2012 Youssef’s Accessories Steve’s Customised Cars Love Wood Anya’s Restaurant Tom’s Hairdressing Salon Kate’s Catering Pierre’s Personalised TShirts The Party Entertainer source of finance choice of venture capital over bank loan as source of finance (14) Choosing the Business Location Factors affecting the choice of location Evaluation of the choice of location for the new business (17) Define the term “infrastructure” (2) Evaluation of the decision to locate a business in a city centre (15) Technology & homebased start-ups Employing People Full-time employees Part-time employees Temporary contracts Consultants and advisers Flexible working www.tutor2u.net Explain two advantages of using part-time employees in the business (6) Analyse the possible reasons for employing a mixture of permanent and temporary employees (10) Analyse the benefits of using a consultant (9) AQA AS Business Studies (BUSS1) – Topic Tracker Marks shown in brackets Jan 2009 May 2009 Jan 2010 May 2010 Jan 2011 May 2011 Jan 2012 May 2012 Youssef’s Accessories Steve’s Customised Cars Love Wood Anya’s Restaurant Tom’s Hairdressing Salon Kate’s Catering Pierre’s Personalised TShirts The Party Entertainer Calculating Costs, Revenues and Profits Meaning & importance of profit Measuring sales Calculation of forecast customer numbers (3) Measuring costs Definition of “fixed costs” (2) Calculation of profit Calculation of expected profit in the first year of trading (5) Calculation of budgeted profit (5) Calculation of expected profit (3) Calculation of added value (3) Using Break-even Analysis in Decision-making Contribution Break-even level of output Calculation of total contribution (4) Calculate the forecast “total contribution” for in 2010 (5) Calculation of total contribution (3) Calculate breakeven quantity (5) Calculation of change in forecast break-even output (7) Using a table to calculate break-even output Using a formula to calculate break-even output Using a chart to calculate break-even www.tutor2u.net Amending a breakeven chart to show Using break-even chart to calculate and illustrate breakeven calculations (6) AQA AS Business Studies (BUSS1) – Topic Tracker Marks shown in brackets Jan 2009 May 2009 Jan 2010 May 2010 Jan 2011 May 2011 Jan 2012 May 2012 Youssef’s Accessories Steve’s Customised Cars Love Wood Anya’s Restaurant Tom’s Hairdressing Salon Kate’s Catering Pierre’s Personalised TShirts The Party Entertainer Calculate the change in breakeven output (6) Analysis and evaluation of options to reduce the break-even output (15) output impact of two changes (4) Changes to breakeven Strengths and limitations of breakeven analysis Cash Flow Forecasting The nature of cash flow How to forecast cash flow Why cash flow forecasting is important Limitations of cash flow forecasting Sources of information for cash flow forecasts Setting Budgets www.tutor2u.net Define the term cash flow (2) Complete the cash flow forecast by calculating missing figures for opening balance & net cash flow (2) Evaluation of the role of cash flow forecasting in determining success of the business (15) AQA AS Business Studies (BUSS1) – Topic Tracker Marks shown in brackets Jan 2009 May 2009 Jan 2010 May 2010 Jan 2011 May 2011 Jan 2012 May 2012 Youssef’s Accessories Steve’s Customised Cars Love Wood Anya’s Restaurant Tom’s Hairdressing Salon Kate’s Catering Pierre’s Personalised TShirts The Party Entertainer Why businesses use budgets Sales budget What is meant by the term “income budget”? (2) Expenditure budget Explanation of problems with expenditure budget setting (6) Profit budget Calculation of profit budget (5) Calculation of budgeted profit (3) Methods of setting the budgets Limitations of budgets Discussion of difficulties faced by the entrepreneur in setting a first budget (14) Assessing Business Start-ups The risks and causes of business failure Assessing the business plan www.tutor2u.net Evaluation of whether the startup will achieve its two key objectives (16) Evaluate whether the business is likely to achieve its business Evaluation of the role of business planning in the early success of the business (16) Evaluating the overall strength of business planning (16) Evaluation of whether the startup is likely to achieve its main objective for the first year (15) Evaluation of whether shortfalls against plan are outside of entrepreneur’s AQA AS Business Studies (BUSS1) – Topic Tracker Marks shown in brackets Jan 2009 May 2009 Jan 2010 May 2010 Jan 2011 May 2011 Jan 2012 May 2012 Youssef’s Accessories Steve’s Customised Cars Love Wood Anya’s Restaurant Tom’s Hairdressing Salon Kate’s Catering Pierre’s Personalised TShirts The Party Entertainer objectives (17) www.tutor2u.net control (15) AQA AS Business Studies (BUSS1) – Topic Tracker Keep up-to-date with AQA BUSS1 with these tutor2u resources: BUSS1 – Specification Basics – Key Notes BUSS1 Revision Guide BUSS1 – Teacher Blog BUSS1 – Specification Map BUSS1 – Digital Course Companion BUSS1 – Teacher PowerPoint Collection BUSS1 – Practice Exam Papers (Volume 1) BUSS1 – Revision Quizzes BUSS1 Student Revision Workshops (December) BUSS1 Key Term Quiz Bank BUSS1 Key Topic Revision Checklist BUSS1 Recommended Reading List BUSS1 – Recommended Websites www.tutor2u.net
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