#BUSS1 from Vision West Notts
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#BUSS1 from Vision West Notts
Encouraging greater understanding of the business world
Curated by WNCBusiness
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The Wedding Planner Challenge!

The Wedding Planner Challenge! | #BUSS1 from Vision West Notts | Scoop.it

The Answer:

 

Average cost of a wedding £21,000, including:

- Average cost of a wedding dress £977

- Average cost of a honeymoon £3,500

- Average cost of wedding cars £490

- Average cost of wedding flowers £450

 

Were you close?

 

Task: Based on the results and your experience of task 1 and task 2, think what problems inexperienced entrepreneurs may encounter when trying to set budgets for their new businesses?

 

 

This is a topical topic (Budgets) that we will study in Business Studies. This Soop.it page is just one resource we've created to help our students achieve the best grade possible!

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Top 10 UK chocolate brands:

Top 10 UK chocolate brands: | #BUSS1 from Vision West Notts | Scoop.it
Cadbury Dairy Milk kept its position as top of the chocs in a chart of top 10 UK chocolate brands by value sales issued by market analyst Information Resources (IRI).
WNCBusiness's insight:
Market size, growth and share!! Excellent info.
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Adding Value - How Much Profit is Made by the iPhone?

Adding Value - How Much Profit is Made by the iPhone? | #BUSS1 from Vision West Notts | Scoop.it
A simply fascinating piece of analysis by the respected Asymco website here which breaks down the costs of each individual element of what goes into an iPhone.
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BUSS1 - Market Size, Share and Growth Calculations

BUSS1 - Market Size, Share and Growth Calculations | #BUSS1 from Vision West Notts | Scoop.it
Students preparing for AQA BUSS1 need to be ready to calculate and interpret data that relates to the size and growth of a market and to the market shares achieved by competitors in the market.The BUSS1 exam may include information which enables these calculations to be performed - indeed the.
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Is being an entrepreneur a nightmare?

Is being an entrepreneur a nightmare? | #BUSS1 from Vision West Notts | Scoop.it
Becoming an entrepreneur is a popular aspiration for millions of people, but the reality can be tough. Here 10 successful entrepreneurs talk about the downsides of their jobs.
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Levi Roots - Story/Interview

Levi Roots' Reggae Reggae Sauce is a jerk barbecue sauce. In 2006, the sauce was available for sale at the carnival, with 4,000 bottles sold. He later took t...
WNCBusiness's insight:

What are the characteristics of an entrepreneur?

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BBC - Newsbeat - Young part-time workers 'left with no choice' on jobs

BBC - Newsbeat - Young part-time workers 'left with no choice' on jobs | #BUSS1 from Vision West Notts | Scoop.it
The number of young people being forced into part-time work because they cannot find a full-time job almost doubles since 2008, official figures show.
WNCBusiness's insight:

Part Time or Full Time.....What are the benefits & drawbacks from a business's point of view.

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What the iPhone 5S costs Apple

Apple's latest and greatest phone retails for $649 off contract, but costs a lost less for the company to make.

Via tutor2u
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tutor2u's curator insight, October 7, 2013 4:53 PM

A short, but interesting estimate of the production component costs of the new iPhone 5s.

Geoff Riley's curator insight, October 8, 2013 3:55 PM

Lots relevant here for Unit 3 business economics

Pendleton Economics's curator insight, October 8, 2013 4:52 PM

Dynamic efficiency, use for abnormal profit?

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Market segmentation - a challenge to find new examples

Market segmentation - a challenge to find new examples | #BUSS1 from Vision West Notts | Scoop.it
When students start work and marketing I encourage them to come up with a product or service that appeals to 'everyone'.  So far they have never come up with an example that really satisfies me.  It seems that almost every product that is sold is...
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Record number of 16-24s on zero hours contracts

Record number of 16-24s on zero hours contracts | #BUSS1 from Vision West Notts | Scoop.it
The number of 16 to 24-year-olds on zero hours contracts more than doubles since the start of the economic downturn, new figures show.
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A-level Business Studies Company Accounts Revision - Cash Flow | S-cool, the revision website

A-level Business Studies Company Accounts Revision - Cash Flow | S-cool, the revision website | #BUSS1 from Vision West Notts | Scoop.it
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Nestlé fends off Cadbury's Kit Kat trade mark challenge | News | The Grocer

Nestlé fends off Cadbury's Kit Kat trade mark challenge | News | The Grocer | #BUSS1 from Vision West Notts | Scoop.it
Nestlé has won a long-running battle with Cadbury to trademark the distinctive shape of the four finger Kit Kat across the EU.
WNCBusiness's insight:

intellectual property vital to maintain USP!

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BUSS1 Online Revision Clinic January 2013

Online Revision Clinic - Monday 7 January 2013 8.00 pm As part of our support for students preparing for BUSS1 in January 2013 we are once again running an online revision clinic.
WNCBusiness's insight:

Essential last minute reading! Optional participation!! The BUSS1 revision clinic is an excellent opportunity to correct any last minute misunderstandings.

Sign up for a reminder now!!

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Entrepreneurs ship chocolate to US

Entrepreneurs ship chocolate to US | #BUSS1 from Vision West Notts | Scoop.it
News of a US court's decision to restrict imports of some British chocolates into America has had an unexpected effect on business here.
WNCBusiness's insight:
Spotting s gap in the market!
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The start-up rejected by investors 45 times in a row

The start-up rejected by investors 45 times in a row | #BUSS1 from Vision West Notts | Scoop.it
Nick Hungerford, the founder and boss of online investment company Nutmeg, talks about how he set up the business. (When is failure not failure..?
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Dropbox and the failures behind it

Dropbox and the failures behind it | #BUSS1 from Vision West Notts | Scoop.it
Drew Houston explains how his previous failures led to the creation of online file-sharing firm Dropbox - a seven year-old start-up now worth an estimated $10bn (£5.9bn).
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Richard Branson's top 10 tips for success

Richard Branson's top 10 tips for success | #BUSS1 from Vision West Notts | Scoop.it
Richard Branson is one of the most successful businessmen in the UK, starting out with a magazine, a record company and now moving into space tourism. Here he gives his top 10 tips for success
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In focus: the rise of flexible working

In focus: the rise of flexible working | #BUSS1 from Vision West Notts | Scoop.it
While the introduction of these different work models are designed to make businesses more agile, many argue that they’re having a negative impact on the companies who have chosen to integrate them and the employees who work under them.
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One in 10 workers underemployed

One in 10 workers underemployed | #BUSS1 from Vision West Notts | Scoop.it
One in 10 of all workers in the UK is unable to work as many hours as they want or need to, an official study of underemployment shows.
WNCBusiness's insight:

Part Time & Temporary...Why would a business employ temporary workers?

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Are zero hours contracts real jobs?

Are zero hours contracts real jobs? | #BUSS1 from Vision West Notts | Scoop.it
Newsnight's Allegra Stratton reports on whether zero hours contracts constitute real jobs.
WNCBusiness's insight:

Debate on zero hours contracts. You need to recognise the argument for and against....but what does success depend on?

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David Readman's curator insight, April 28, 2014 11:29 AM

However you view them, zero hours contracts are going to be judged on how they are applied in practice.


It is hardly surprising that employers are greatly in favour, but the views of employees are influenced by what happens to their working  hours. To give an example, one of my clients operates a number of restaurants and on evenings early in the weeks it is not unusual for them to be quiet so waiting staff are asked if they want to go home.


Another client operates a civil engineering company, but only  calls in those staff on zero hours contracts when he actually has  work for them.

 

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Are entrepreneurs born or can they be taught?

Are entrepreneurs born or can they be taught? | #BUSS1 from Vision West Notts | Scoop.it
What makes a successful entrepreneur? Are they born with the required skills, or can people be taught to be one? The BBC's Sarah Treanor takes a closer look.

Via tutor2u
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Misleading Market Research...What could go wrong?

Following the saboteur antics of a prankster focus group that reportedly convinced company officials the drink was not only palatable but delicious, PepsiCo announced Thursday the launch of its new Mountain Dew CinnaBlast beverage.

 

Clearly they have issues with their sample! What? How could you make the results more or less reliable?

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How to use Scoop.it!

How to use Scoop.it! | #BUSS1 from Vision West Notts | Scoop.it

Here you will find a collection of resources and links to other websites for the AQA AS BUSS1 exam.

 

By all means scroll through the webpage and read all the articles. However, I recommend using the filter section to minimise your search. This will allow you to find all the Exam Technique tips from Tutor2u or all the articles on a particular topic, e.g. Market Share. 

 

By all means suggest or request topics to be covered: http://ask.fm/WNCbusiness

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BUSS1: Ten Top Tips

Some advice for students sitting the BUSS1 exam in January.
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Essential reading for any student taking the BUSS1 exam.

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Gummy bear wins court battle

Gummy bear wins court battle | #BUSS1 from Vision West Notts | Scoop.it
Haribo victorious as rival confectioner Lindt banned from selling ursine chocolate due to overly similar packaging

Via Debbie Gordon
WNCBusiness's insight:

Haribo 1- Lindt 0. What will Lindt do to react? 

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Debbie Gordon's curator insight, December 18, 2012 5:02 PM

BUSS1 example of intellectual property!