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

Watch this video if you want to understand the role of Secondary Market Research in Business and the common methods used. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 Secondary market research supports businesses to collate existing information and data about the market they operate within to support decision making and the growth of the business. This video explores the common methods of secondary market research which are used by businesses and a comparison of the key advantages versus disadvantages of using secondary market research in business. The main methods explored include: - Internet Research - Market Reports - Government Reports - Internal Sources such as Sales Reports and Loyalty Cards Finishing with a comparison of the key benefits versus drawbacks of secondary market research in business. A free supporting activity worksheet to allow you to apply your knowledge of Secondary Market research is available on the following link: https://www.twoteachers.co.uk/secondarymarketresearchrp// 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​​ #PrimaryMarketResearch​​ #MarketResearch​

Watch this video if you want to understand the different functional areas of a business. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 The video explains the common functional areas (departments) a business may have, including: - HR - Marketing - Production - Finance The video ends with an example of how the department may work together on a project such as the iPhone 12. A free supporting activity worksheet to allow you to apply your knowledge of functional areas is available in the link below: https://www.twoteachers.co.uk/functionalareas 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

Watch this video if you want to understand the role of Primary Market Research in Business and the common methods used. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 The video explains the common methods of primary market research in business, including: -Surveys and Questionnaires -Focus Groups and Interviews -Observations -Test Marketing Finishing with a comparison of the key benefits versus drawbacks of primary market research in business. A free supporting activity worksheet to allow you to apply your knowledge of Primary Market Research is available on the following link: https://www.twoteachers.co.uk/primary-market-research-resource 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​​ #PrimaryMarketResearch​​ #MarketResearch​

Watch this video if you want to understand the barriers that are in the way of international trade. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 This video covers the two main barriers of international trade, which are tariffs and trading blocs. The video investigates both of these barriers and the advantages and disadvantages of implementing both tariffs and establishing a trading bloc. Download the free supporting worksheet to help you apply your knowledge of the barriers to international trade by clicking the link below: https://www.twoteachers.co.uk/barrierstointernationaltrade1 If you are interested in business, then subscribe to our YouTube Channel for lots more Business 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 For more free resources visit our website: https://www.twoteachers.co.uk/ Follow us on the following socials to see even more Business content: Instagram: https://www.instagram.com/twoteachersbusiness Facebook: https://www.facebook.com/TwoTeachersBusiness Twitter: https://twitter.com/TwoTeachersBiz #BusinessStudies #ALevelBusinessStudies #BTECBusiness

Watch this video if you want to understand the purpose of Market Research in Business. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 The video explains the concept of Market Research and evaluates the 4 core purposes of its use in business with supporting examples at Lego, Gymshark, Apple, Blockbuster, and Colgate throughout. A free supporting activity worksheet to allow you to apply your knowledge of Market Segmentation is available on the following link: https://www.twoteachers.co.uk/marketresearchresourcepack 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​​ #ALevelBusinessStudies​​ #GCSEBusiness​