Part A - Planning Response

Question:
In your report:

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

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

Year 11 Prelim DESCRIBE DESCRIBE: Goods and services

Business Studies this means, rapidly, Price ➢ Influences in establishing a small - Sandra has decided to quit
thoroughly, features, Location to medium enterprise her job and start the brown
Business EXPLAIN characteristics, Vision - personal qualities food blog business
Business goals
planning report, and provide - the business idea
Long term
EXPLAIN: - establishment options - Advantages of starting a new
Growth
Operation RECOMMEND That is to say, in Total revenue - Market business vs purchasing an
strategies other words, Total cost - Finance established one
namely, this means, Break-even analysis - Legal
Marketing putting it in Cash flow projections - Taxation - The significance of creating a
strategies another way, to put it Operations - human resources business plan
simply, therefore, Marketing
interpret, provide Human resource sale ➢ the business planning process - Methods for Establishing and
why and or how, budgets - the importance of Maintaining a competitive
Profit
relate cause and developing a business edge for Sandra's Food Blog
Entrepreneur
effects - Marketing
Profit
RECOMMEND: Cost - profit
Propose, advocate, Risks
endorse, Analysis ➢ critical issues in business success
consequences, draw and Failure
out and relate - Sustaining competitive damage