Watch this video if you want to understand the key differences between on-the-job and off-the-job training. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 When a business is looking to develop the knowledge and skills of its employees they often turn to training. However, a business can choose to train their employees on-the-job or off the job. But which one is better? Well, it all depends on the scenario, the type of employee who needs the training, and the skills or knowledge which need developing to support the business. This video investigates the key differences between a variety of on-the-job and off-the-job training methods alongside the benefits and drawbacks of both methods to help you select the most effective one. A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/onthejobvsoffthejobtraining 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 #BusinessRevision #Training #BusinessStudies

Watch this video to find out the advantages and disadvantages of e-commerce & m-commerce. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 What is e-commerce? E-commerce is a business model where businesses buy and sell goods by electronic means over the internet. What is m-commerce? The ‘M’ in M-Commerce stands for mobile. M-Commerce is a type of E-commerce that is specifically conducted through a mobile device such as a smartphone or tablet. Watch the video to find out more about e-commerce & m-commerce. A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/e-commerceandm-commerce 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 Price Elasticity of Demand, which is also known as PED. SUBSCRIBE: https://www.youtube.com/c/TwoTeachers?sub_confirmation=1 When looking to buy a product or service, have you ever been influenced by the price? If you have, you aren’t on your own. The Price Elasticity of Demand which is often referred to as PED provides a business with a measurement of exactly this, how the demand for a business’ goods and services alter after a change in price. Let’s have a look into the Price Elasticity of Demand in more detail and calculate some worked examples. A free supporting activity worksheet is available to download on the following link: https://www.twoteachers.co.uk/priceelasticityofdemand 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 #ALevelBusinessStudies #BusinessStudies #BusinessRevision

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​