Business bank
Teacher's Guide - List of all theories
Below is a list of all the theories that are covered in the Virtual Bank of Biz/ed site.
Section 1 - External
Types of economic policy
- Types of taxation what are all the different types of taxation that the government impose and why do we need so many?
- Impact of taxation - taxes have differing effects on people according to the income they earn. What are these effects?
- Effects of interest rates - monetary policy is the key short to medium-term tool of economic management, but what impact do changes in interest rates have on businesses?
- Surplus or deficit - do we care? - we often hear about the budget surplus or deficit. What is it and why is it important?
Economic indicators
- Unemployment - how is unemployment measured and what determines the level of it?
- Inflation - how is inflation measured and what causes it?
- Impact of inflation - what effects does inflation have on consumers and the economy?
- Economic growth - how is economic growth measured and what contributes to it?
The role of the Bank of England
- Effects of interest rates - monetary policy is the key short to medium-term tool of economic management, but what impact do changes in interest rates have on businesses and the rest of the economy?
- Impact of interest rates on demand - how will changes in interest rates affect the level of demand in the economy and why?
Section 2 - Finance
Investment appraisal
Sources of finance
- Internal or external? - what is meant by internal and external sources?
- Raising funds - which source is best? - what are the factors that influence which source of funds a business should choose?
Section 3 - Planning
Types of business
Marketing planning
- Step 1 - Market research - the first stage in planning is to research the market and see what sort of demand might be out there, but what techniques are available to do this?
- Step 2 - Marketing mix - planning requires the establishment of a marketing mix for your product.
- Step 3 - Marketing strategy - the final planning stage is the development of a strategy for achieving the planned marketing objectives.
Financial planning
- Step 1 - Break-even - how many of a product needs to be sold to break-even?
- Step 2 - Cash flow forecasting - the development of a cash flow forecast.
- Step 3 - Financial statements - the production of a projected balance sheet and profit and loss account to show the expected financial performance of a business.
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