Homework Homework is a very important thing and will help you to achieve good grades. This booklet contains your homework for the next half term and the dates by which it should be completed. You should start by recording this information in your planners. Your teacher will look at this homework booklet regularly and check that you are up to date. They will also take it in and give you feedback on your work. It is very important that you have completed homework by the required date and that you see your teacher before this date if you need help.
Booklet Pages
To be completed by
week beginning
Student Signature
Teacher Signature / Comment
Week 1. Homework 1.)
Week 2. Homework 2.)
Week 3. Homework 3.)
Week 4. Homework 4.)
Week 5. Homework 5.)
Week 6. Homework 6.)
Week 7. Homework 7.)
Week 8. Homework 8.)
Library
Cattle
Market
Industrial Estate
Can factory
Cash & Carry
Clothing
Manufacturer
Soft Drinks Manufacturer
Builders Yard
Shoe Manufacturer
Old People’s Home
Bank
Leisure
Centre
Pub
Quarry
Farm
Shops
WH Smith
Halfords
Oxfam
Local Butchers
Tescos
Other Local
Shops
Council
Offices
Map of Somewhere
Pleasure Park with
boating lake
Homework 1.) Have you got what it takes to be a successful entrepreneur? Go on to the following website: http://www.bbc.co.uk/science/humanbody/mind/surveys/millionaire1/index.shtml
Complete the “what is you millionaire potential?” quiz and record your score here
……………………………………………………………………………………… List the five main skills or qualities you think are necessary in order to run your own business. For each explain why you think it is important. 1.) 2.) 3.) 4.) 5.)
Homework 2.) Starting your own business. Your holiday homework was to come up with a business idea. Any business will need things we call Factors of Production these are: Land (things existing in nature – natural resources) Labour (people – man’s physical and mental effort in production) Capital (equipment, tools, buildings used) Enterprise (The taking of risk in setting up a business. Enterprise organises the other factors of production. Bill Gates is an example of a successful entrepreneur) TASK – For your business, explain the factors of production you will need to start the business. You should give examples for each factor. (eg how much labour and what kind of skills will they need) Name / Type of Business Land Labour Capital Enterprise Where would you get the money from to buy the capital you need? What skills and abilities would you need to be a successful entrepreneur and make a success of your business?
Do you think that you have the skills and abilities required to be a successful entrepreneur. Explain why or why not (eg write down things you have done or would find difficult to do). Homework 3.) Chain of Production Poster In class you will have been taught about chains of production for products. (see basic example above) Your homework is to produce a chain of production poster for a product of your choosing. Make sure you explain each of the three mains stages of the chain. You may wish to produce an augmented chain of production if you wish (ask your teacher what this means). This homework needs to be well presented, labelled and explained. You may choose to use ICT if you wish.
Primary – Cattle
Farmed
Secondary – Hides
manufactured into shoes
Tertiary – Shoes sold in
shops
Homework 4.) Look at the map of Somewhere and then complete the questions. PRIMARY SECTOR (where raw materials are extracted) Using the map, state 2 primary sector businesses. Explain how you or the people of Somewhere may have benefited from them. Business One Benefits Business Two Benefits SECONDARY SECTOR (Manufacturing & Assembly) Using the map, state two secondary sector businesses. Explain how you or the people of Somewhere may have benefited from them. Business One Benefits Business Two Benefits
TERTIARY SECTOR (Services) Using the map state 2 tertiary sector businesses. Explain how you or the people of Somewhere may have benefited from them. Business One Benefits Business Two Benefits Somewhere has organisations operating in both the Private & Public Sector. Private Sector = Owned by business people usually wanting to make a profit Public Sector = Owned & run by the government Tick to indicate whether each of the following organisations in Somewhere are in the Private or Public Sector
Organisation Private Sector Public Sector
Pub
Council Offices
The Bank
Tescos
Library
TASKS
1.) Give three examples of jobs for each sector of the economy
Primary Secondary Tertiary
1. 1. 1.
2. 2. 2.
3. 3. 3.
2.) Look at the bar graphs – explain what has happened to the number of
people employed in each of the sectors over the period. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
3.) Look at the pie charts – explain what has happened to the proportion of people employed in each of the sectors over the period
…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 4.)What reasons can account for these changes you have noted? ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
1971
11%
36%53%
Primary
Secondary
Tertiary
2001
4%20%
76%
Primary
Secondary
Tertiary
Homework 6.) Interdependence Interdependence means how one business needs another. For example: Task 1.) Create a spider diagram to illustrate all the businesses Tescos may rely upon. Task 2.) Look at the map of Somewhere. Explain how the following may be affected if the clothing manufacturer shuts down with the loss of 600 jobs Marks & Spencer The Pub A café on the industrial estate The Local council
Sells to its
customer
Buys stock
from
For electricity
Homework 7 – Some Introductory Terms
Learn all of the following terms exactly. You will be tested on the definitions. A Business – This is an organisation that produces goods and services
in order to satisfy people’s wants and needs. Wants – This is something that people desire but they can get by
without it – eg cable TV Needs – This is something people have to have in order for survival -
eg water Opportunity Cost – This is the next best alternative forgone – eg if I bought a Mars bar the cost of this is the Snickers I could have purchased instead. Chain of Production – This is a diagram that shows the stages of production for a good. Added Value – This is when a business increases the value of a
product – eg making a table out of a piece of wood. Market Research – This is the process by which businesses find out
information about customers and trends. A common way to do this is through a questionnaire. Promotion – This is the way by which businesses make people aware
of their products. They might use advertising or sponsorship. Primary – This is the stage of production where raw materials are
extracted from their natural state. For example farming. Secondary – This is the stage of production where goods are manufactured. For example shoes being made in a factory. Tertiary – This is the stage of production where a service is provided or
a product sold. eg shoes being sold at Brantanos. Interdependence – This term describes the way all businesses depend
upon other businesses. Profit – This is the money that a business is left with after taking its
costs away from its income.
Homework 8.) Cost Benefit Analysis The local council has received a planning application for a new nightclub to built in the town of Somewhere. The club called “Somewhere Somehow” would be placed right in the centre of town opposite the pleasure park. There are clearly both costs and benefits of the idea to people and local business. Task – complete the frame below to identify possible costs and benefits of the new club Private Costs
costs to the owners of the club
Private Benefits benefits to the owners of the club
Social Costs costs to other businesses and the
people of somewhere
Social Benefits benefits to other businesses and the
people of somewhere
Explain in detail how the new club may affect the following: Unemployed People in Somewhere The Pub People who live close to the club If the new club is to go ahead – how should the council solve some of the possible problems
Student Name
MAG CAG TARGET Intro Work Test Score
Strengths & Things I Have Enjoyed
Areas For Development (Things I need to do better)
Targets / Strategies for Improving In order to improve I will….
Student Comment Teacher Comment
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