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after the bell
Великобритания
Добавлен 16 янв 2019
We create online learning resources for economics and business teachers and students.
The videos on this channel are for revision of A level business and economics, following the structure of the Edexcel business and AQA economics exam boards, but concepts and theories covered are universal and will also apply to IB, OCR and Edexcel economics as well as AQA, OCR business and other international boards.
Please engage by commenting on the videos, subscribing to the channel and following us on twitter - @after_bell
The videos on this channel are for revision of A level business and economics, following the structure of the Edexcel business and AQA economics exam boards, but concepts and theories covered are universal and will also apply to IB, OCR and Edexcel economics as well as AQA, OCR business and other international boards.
Please engage by commenting on the videos, subscribing to the channel and following us on twitter - @after_bell
Market positioning
Market mapping involves making a map of the market using key features that identify different products or firms. This helps to identify close rivals as well as any possible gaps in the market. However, the process is very subjective and gaps in the market may exist due to lack of demand.
A competitive advantage is anything which allows a business to stand out from its rivals, which competitors may find it difficult to replicate
This is most commonly achieved through:
Low cost - using economies of scale or high capacity utilisation to keep costs low and allow lower prices for customers
Product differentiation - standing out with high quality, good customer service or strong brand image, giving...
A competitive advantage is anything which allows a business to stand out from its rivals, which competitors may find it difficult to replicate
This is most commonly achieved through:
Low cost - using economies of scale or high capacity utilisation to keep costs low and allow lower prices for customers
Product differentiation - standing out with high quality, good customer service or strong brand image, giving...
Просмотров: 2 206
Видео
Demand
Просмотров 159Год назад
Demand is the quantity of a product that consumers are willing and able to purchase. This will be affected by a wide range of different factors including: price of related goods, consumer incomes, changing fashion, tastes and preferences, advertising and branding, demographics, external factors and seasonal factors. But price is the key factor which will affect the quantity of a product demande...
Interpretation of financial statements
Просмотров 567Год назад
The statement of financial position or balance sheet is a record of everything a business owns (assets) and owes (liabilities) at a point in time. The income statement shows the profit or loss earned by a business over a period of time. #alevelbusiness #edexcelbusiness #aqabusiness #balancesheet #incomestatement #profitandloss
Business ethics
Просмотров 653Год назад
Corporate social responsibility (CSR) considers the impact of a businesses actions on employees, customers, wider society and the environment Advantages of CSR include that it can become a USP for the business and help to increase sales and customer loyalty, having a positive effect on revenue and profit. It can attract and motivate workers who want to work for a socially responsible company an...
Corporate Culture
Просмотров 2,3 тыс.Год назад
Corporate culture refers to the general way things are done in an organisation, including standards and values that define it Strong cultures are clear in these values, with all employees subscribing to them. This creates greater unity and can help with motivation In weak cultures staff are less likely to be trusted and may require more monitoring in order to ensure they are doing their job pro...
Corporate Influences
Просмотров 986Год назад
Corporate timescales refer to short termism, which involves a focus on more immediate goals and objectives, while long termism focuses more on future gains. Corporate decisions may be evidence based, which involves using scientific forecasts and techniques such as decision trees, or subjective, which involves using intuition or hunches. Decisions based on evidence are more likely to give consis...
Market research
Просмотров 3502 года назад
Market orientation centres on the needs of the customer. It requires extensive and continuing research into how to best achieve customer satisfaction and designing the product around this Product orientation focuses on the strengths of the business and uses these to try and persuade customers to buy their products using effective marketing Primary research is collected first hand, for a specifi...
The Market
Просмотров 1172 года назад
A market is a place where buyers and sellers meet to exchange products and services. Mass marketing is an approach which targets the entire market and aims to appeal to all customer groups, while niche marketing involves targeting a smaller segment of a larger market with specific customer characteristics. Market size is the volume or value of sales in an entire market, while market share measu...
Classical and Keynesian LRAS
Просмотров 6052 года назад
The classical view is that the LRAS curve is vertical. A decrease in AD would reduce output and employment in the SR. As unemployment rises, wages adjust downwards as workers are more likely to accept a lower wage. This increases the demand for labour and pulls the economy back to full employment output in the LR The Keynesian view is of an inverted L shaped LRAS curve. Wages are ‘sticky downwa...
Protectionism
Просмотров 2,4 тыс.2 года назад
Protectionism involves protecting domestic industries from competition from abroad by making it more difficult for overseas businesses to export to your country. Tariffs are taxes on imports. This makes it more expensive for foreign producers to export, reducing demand as consumers switch to cheaper domestic alternatives Quotas are physical limits on imports. By limiting the quantity of imports...
shareholders versus stakeholders
Просмотров 3,1 тыс.2 года назад
Shareholders own equity in a limited company, while a stakeholder is anyone with an interest in a business Internal stakeholder objectives: Employees - pay, conditions and job satisfaction Managers - growth, reputation and profits Owners - profits External stakeholder objectives: Shareholders - profit and dividends Customers - value for money Society/local community - employment and sustainabil...
Recruitment, selection and training
Просмотров 3,1 тыс.2 года назад
Recruitment, selection and training
The balance of payments on current account
Просмотров 2112 года назад
The balance of payments on current account
Can you please make a playlist for the other theme aswell
Thank you very much Sir! It helped me in clarifying some of the topics that I found to be confusing or contradicting with each other.
❤
cooked for paper 2
Real
Thank you there a lack of business resources so this really helped
Hi sir why does low interest rates cause inflation and high interest rate decrease inflation?
this is what I found: Low interest rates make borrowing money cheaper, which encourages people and businesses to take out loans and spend more. This increase in spending boosts demand for goods and services. When demand grows faster than supply can keep up, prices tend to rise, leading to inflation.
@@Samuelvvs tysm, right b4 my paper 2, really appreciate, gl!! :)
Could you also mention external influences as a method to increase productivity? For instance, the government cutting income tax; this now provides an incentive for the already economically active to work harder, so they can bargain for higher wages, and therefore keep more of their incomes as disposable income. Or would this approach only be suited to A Level Econ?
great video mate
Revise this topic using flashcards and quizzes on our website: www.atbeducation.com/business/external-influences/economic-influences
Great video thanks!!!
Thank you so much for your videos!
thank you so much!
thank you
Try our quizzes and revision flashcards on this topic here: www.atbeducation.com/business/operations-management/production-productivity-and-efficiency
Visit our website to find quizzes, flashcards and interactive videos on this topic: www.atbeducation.com/business/decision-making-techniques/critical-path-analysis
Awesome
I finally got it! Thank you!!
Try our interactive video and quizzes on this topic here: www.atbeducation.com/business/business-strategy/porter-s-generic-strategies
thank you!
Try our interactive video and quizzes about Oligopoly here: www.atbeducation.com/microeconomics/market-structures/oligopoly
Test yourself on this topic with interactive quizzes, flashcards and more here: www.atbeducation.com/business/finance/sales-forecasting
Try our new website with interactive quizzes and flashcards on this topic here: www.atbeducation.com/business/finance/sources-of-finance
Really useful!
Thank you much for all your videos ❤❤
Thank you!
This vid is saving my life before the exam
Not the right video for me but still a good one
love g
Thank you greatly
This will surely help, In Shaa Allah. Thank you!
super helpful from an A level student, thank you very much!
thanks! great explained
❤
love all your videos thank youu
Thank you soo much for your videos its helped me improve my grade a lot for business😊
😊😊
❤❤
A great video. Very detailed and well explained! Thank you very much!
Thank you
thank you
The points are explained very well, thanks!
Thank you soo much for your videos ☺️
What a legend. Explained it in 9 minutes when my teacher took a whole week to explain all of it - he made it very sophisticated for some odd reason.
I really fancy a fry up now 😆
well explained. Thanks
You're welcome!
Hello, thank you so much for sharing this video. Is there a link to find the slides of this presentation?
Wow really clearly explained 👍👍
Thank you
🤗
Nice explanation!