Part A - Planning Response

Question:
In your report:

● Describe the benefits of establishing a new business, as opposed to buying an existing business.
● Explain the importance of developing a business plan.
● Recommend ways Sandra’s food blog can establish and sustain a competitive advantage.

Syllabus Instructional verb Language that can be used Subject specific Syllabus content to be included Stimulus and/or case studies to integrate
area (This requires me to:) to address the instructional terminology to
(which verb include:
relates to
the
question)

Year 11 Describe -
business Provide characteristics
and features
Explain -
Relate cause and effect;
make the relationships
between things evident;
provide why and/or how
Recommend -
Provide reasons in favour instance, this means, as
Describe - how ever, goods and/or ➢ Influences in establishing ➢ Sandra has decided to quit her
especially, in fact, services, price, a small to medium job and start the brown food
therefore location enterprise blog business
Explain - That is to say, vision –
in other words, business goals – ➢ Advantages of starting a new
namely, this means, to long-term ➢ The business planning business vs purchasing an
put it in growth process established one
another way, to put it total revenue, (the importance of developing a
simply total cost – business plan) ➢ The significance of creating a
Recommend - for break-even business plan
analysis – cash ➢ Critical issues in business
a result of, on the other flow projections success and failure ➢ Methods for Establishing and
hand, for example, in operations – Sustaining a competitive Maintaining a competitive
addition, due to marketing – advantage edge for Sandra's Food Blog
finance –
human
resources sales
budgets - profit