Watch this video to understand what the business environment is and how independent bookstores can compete with Amazon. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 When a business is looking at the competitive environment they are looking at how their business is affected by its competition and how it can adapt its business practices in order to stay relevant and continue to succeed in the market. Decisions will need to be made based on what the competition is doing and how they are performing in certain areas. Five common areas to look at when assessing the competitive environment are: Price Quality Location Product Range Customer service A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/thecompetitiveenvironment If you are interested in business, then subscribe to our YouTube Channel for lots more Business Studies content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: http://www.youtube.com/c/TwoTeachers Follow us on the following socials to see even more Business Studies content: Instagram: https://www.instagram.com/twoteachersbusiness Facebook: https://www.facebook.com/TwoTeachersBusiness Twitter: https://twitter.com/TwoTeachersBiz #BusinessStudies #BTECBusinessStudies #GCSEBusinessStudies

Watch this video if you want to understand the dynamic nature of business. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 In business, change is inevitable, and it is crucial that businesses adapt to their consumers wants as they change overtime. This video investigates the factors which influence the dynamic nature of business, the reasons why new business ideas are necessary and how new business ideas are generated. A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/thedynamicnatureofbusiness If you are interested in business, then subscribe to our YouTube Channel for lots more Business Studies content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: http://www.youtube.com/c/TwoTeachers Follow us on the following socials to see even more Business Studies content: Instagram: https://www.instagram.com/twoteachersbusiness Facebook: https://www.facebook.com/TwoTeachersBusiness Twitter: https://twitter.com/TwoTeachersBiz #GCSEBusinessStudies #BTECBusinessStudies #ALevelBusinessStudies

Watch this video if you want to investigate the role of business enterprise and the purpose of a business. Throughout examples are given from Gymshark and their CEO Ben Francis. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 If you are studying business or starting a business, then its important to know the role business plays and what business exist to do. Basically, what is the point of a business? There are many roles businesses play but for the purpose of this video we are going to concentrate on the 3 most fundamental. Which are: to produce goods or provide a service, to meet the needs of the customer and finally to add value. A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/theroleofbusinessenterprise If you are interested in business, then subscribe to our YouTube Channel for lots more Business Studies content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: http://www.youtube.com/c/TwoTeachers Follow us on the following socials to see even more Business Studies content: Instagram: https://www.instagram.com/twoteachersbusiness Facebook: https://www.facebook.com/TwoTeachersBusiness Twitter: https://twitter.com/TwoTeachersBiz #BusinessStudies #BTECBusinessStudies #GCSEBusinessStudies

Watch this video if you want to understand Porter's Five Forces and how it helps businesses to assess the potential profitability of a given market. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 Porter’s Five Forces is a framework which was developed in 1979 by Michael Porter which identifies the nature of competition through 5 competitive forces, helping businesses to determine the potential for profitability within a given market. This video explains Porter’s Five Forces and applies the model to the UK supermarket industry, providing you with examples along the way. A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/portersfiveforces If you are interested in business, then subscribe to our YouTube Channel for lots more Business Studies content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: http://www.youtube.com/c/TwoTeachers Follow us on the following socials to see even more Business Studies content: Instagram: https://www.instagram.com/twoteachersbusiness Facebook: https://www.facebook.com/TwoTeachersBusiness Twitter: https://twitter.com/TwoTeachersBiz #BusinessStudies #BTECBusinessStudies #ALevelBusinessStudies

THE FOOD BOX INDUCTION CHALLENGE The challenge consists of students working in teams of 1 to 3 people to create their own food box delivery brand to rival the likes of Hello Fresh, Gousto and All Plants. The challenge introduces students to common business theory and terminology such as; pricing strategies, target markets and branding, but also gets them into the competitive spirit and working as a team. The competition is totally free to enter and launches on the 26/08/21 so just download the resource from the link below to get involved in this exciting business competition! Further details: https://www.twoteachers.co.uk/foodboxchallenge Lets smash the start of term as a business community. All the best, Alex and Drew.  #businessstudies #business #businessteacher

Watch this video if you want to investigate the main risks and rewards of becoming an entrepreneur. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 When deciding to set up and run your own enterprise it can be a balance of looking into the risks involved but also the potential rewards. This video explores the key risks and rewards involved with running an enterprise and becoming a successful entrepreneur. It covers a variety of risks and rewards along with the financial risks but also the possible financial rewards. The video ends with a look into Elon Musk and the success he has had at Tesla. A free supporting activity worksheet to allow you to apply your knowledge from the video is available at the link below: https://www.twoteachers.co.uk/riskrewardentrepreneurship If you are interested in business, then subscribe to our YouTube Channel for lots more Business Studies content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 Follow us on the following socials to see even more Business Studies content: Instagram: https://www.instagram.com/twoteachersbusiness​ Facebook: https://www.facebook.com/TwoTeachersBusiness Twitter: https://twitter.com/TwoTeachersBiz​​ #BusinessStudies​​​​ #GCSEBusiness #ALevelBusiness​

Watch this video if you want to understand the differences between qualitative and quantitative research and data. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 When conducting market research, businesses have many choices and one of those is whether to conduct market research which will provide them with qualitative or quantitative data. This video explores the key characteristics of both qualitative and quantitative data for a business including a comparison of the key advantages versus disadvantages of each one. Supported by an example qualitative and quantitative market research in action at fast food chain Five Guys. A free supporting activity worksheet to allow you to apply your knowledge of qualitative and quantitative research is available on the following link: https://www.twoteachers.co.uk/quantitativevsqualitative If you are interested in business, then subscribe to our YouTube Channel for lots more Business Studies content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 Follow us on the following socials to see even more Business Studies content: Instagram: https://www.instagram.com/twoteachersbusiness​ Facebook: https://www.facebook.com/TwoTeachersBusiness Twitter: https://twitter.com/TwoTeachersBiz​​ #BusinessStudies​​​​ #GCSEBusiness #ALevelBusiness​

Watch this video if you want to understand what a mass and niche market is and the difference between the two. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 This video explains what a mass and niche market is, their advantages and disadvantages and how Nescafe operates in both markets. The video uses Nescafe as an example throughout to illustrate the features of both markets. A free supporting activity worksheet to allow you to apply your knowledge of mass and niche markets is available in the link below: https://www.twoteachers.co.uk/massandniche If you are interested in business, then subscribe to our YouTube Channel for lots more Business Studies content. Videos are uploaded weekly, so why not learn everything there is to know about the world of business: https://www.youtube.com/c/TwoTeachers...​ Follow us on the following socials to see even more Business Studies content: Instagram: https://www.instagram.com/twoteachers...​ Facebook: https://www.facebook.com/TwoTeachersB...​ Twitter: https://twitter.com/TwoTeachersBiz​​​ Website: www.twoteachers.co.uk #BusinessStudies​​​ #functionalareas #businessfunctions