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Literacy

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)

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Literacy

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  1. Literacy • Productivity • Efficiency • Competitiveness

  2. Starter Can you name the book?

  3. 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)

  4. 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

  5. GDP (numeracy focus)

  6. GDP GDP Time

  7. A: The number of new housing starts begins to fall H: Rising business class air revenues D: Rising demand for steel K: Sales of milk chocolate start to decline F: More building skips start appearing on the streets B: Car plants decide to reduce the number of shifts J: The cost of shipping goods around the world starts to rise L: Banks relax credit rules E: Home delivered pizza becomes more popular G: More companies attempt to introduce wage freezes I: Share prices hit by rise in number of company profit warnings C: Consumers hit by delays in product delivery

  8. 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

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

  10. 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)

  11. 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)

  12. Literacy check • Productivity • Efficiency • Competitiveness

  13. Extension- where would these go? D: Rising homelessness B: There are more unfilled job vacancies F: Long-term unemployment reaches new high Z: Rising government spending C: Increasing hours of overtime N. Government announces a fall in trade deficit due to decline in imports M: Rising real income L: Rising lipstick sales

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