Unemployment rate

This is the chart about china Unemployment rate from 2005-2008.The red line shows unemployment rate,and the green line shows the rate of the job which is absent

As we can see from 2005-2008 both of the lines are decreasing,but the key is red line above the green line.It may told us there are some people still waiting for a job.

But green line doesn`t change a lot.....(3%-2%)it`s like a straight line.Red line changes(6-3.9) and more and more close to green line(3-1.8%).

Also, we can have a look the UK`S unemployment rate from 2006-2008.

we can see that in 2007 is the lowest point about 5% and the highest point is in 2008...or after 2008,it`s alread touch 6.2% point which is a high rate of the unemployment....and the incredible news is unemployment people are nearly 3 million...amazing number....it might because of recession.....

Compared with two countries we can see,the unemployment rate in china is decreasing...to 3% let`s assume the population is 1.3billion 1.3*3%=3.9million and the population of UK is 60 million 60*6%=3.6million....it is a big difference....actually,China has more people don`t have job even the unemploymet rate is decreasing....as for UK, 3.6m is not a big number,but for UK is sufficient.....

which is better?!

Before......
Video games can influence on the human behaviour. Noawadays play male and female of different age, them interesting virtual life, because there thay can do what they want, no roles, no preasure from other peolpe And people become agressive after. For example female play Sims. The presence sexist stereotyping in games is hardly surprising. But it is influence on the state of mind, such as when you play you can do what you want but afterthis you want to try in the real life. There are many choices when people after game they went out and killed person or crushed something. At the real life for this you should pay, you can be arested.I think tha t after the playing games person can be change, because some of them can play all day, it is a drugs when yu try ones and cant life with out them. I think that should to influence to stop sell agressive games cwhich bring bad position. "





After I checked english mistakes and adjusted some sentences order
Video games can influence the peoples` behaviour . Nowadays, people like playing different genders in different ages in the video games,because they are addicted in virtual life and can do whatever they want without rules and pressures from other people And becoming more aggressive . For instance, girls are likely to play "Sims",the presence sexist stereotyping in games is hardly surprising,but it might influence the state of mind.When you play video games you can be whatever roles you want ,but after this you eager to try it in your real life. Here are many examples show people murdered someone else or broke up after playing game, they must be arrested and force to pay fund .I think playing games may change people personality, because some of them are happy to play video games all the days just sitting in front of the computer, it is like drugs, you can not give it up and control youself after merely try it once. I think government should intervene and ban selling aggressive video games which have negative externality. "

Personal inflation calculator

As a piece of homework,I found this advanced software"Personal Inflation Calculator"
A poor person,such as me...here is the result.We can see the differences..
My personal inflation :1%
Official inflation :1.6%
Which means Official inflation is more than my personal inflation

LET`S see median income people(my host mother)


And finally upper income people(BECKHAM)

The difference is 0.3%,it`s acceptable number...

pixar .....enjoy

Pixar is a strong company making cartoon...Its famous cartoon are "CARS" "FINDING NEMO",it`s quite famous...
1.lifted


2.the birds

Business article (M1)

I have read this business article:http://www.guardian.co.uk/business/2009/jan/03/small-business-government-loan-guarantee-scheme
It is about the difficulty to borrow money from the bank,also as the interest rate is rising thus the new entrepreneurs are worried to borrow money from the bank to establish the small business.
Another reason is government support.....It is hard to borrow from the bank if there is not government support
So,banks are not always being gentle to you.......are not always suit for you

Finally

Finally I finished the business exam.....what grade I could get? who knows...........but hopefully is a grade A..............

CHris Bus

MR chris,which your blog you want me to see????

And I have a advise to bus stop
To provide weekend bus ticket......bucause OXFORD is a international city.Full of foreigners especially international students........so student want to go to city centre for instance,they might go to city centre for shopping more than once and may go to pubs after that.....therefore they need to take buses for their main transportation.....so,the bus company should provide a weekend ticket....the price could be 6.5pounds(compare day-pass is 3.5pounds and 2days travel)I think it is likely to have more people,international student who study in university OR EF STUDENTS to buy it.......it is a good market.......also,the bus company should have cooperations with railways`company because people want to go to LONDON at the weekends ....and they need to take bus to get there .....
And bus company should give special route for example:bicester(is it right ??it is a town where sells luxury brands clothes in cheap price.........

what to do these days

3days to take business exam in Unit 1 ......A short plan .....

finish glossary and definitions

finish some real mock papers

.....bring black pen

1D 4D 8D

1D....tomorrow new study-term will start
4D....MATH c1 c2 exam
8D....business exam

.....I go back home
.....I take IELTS exam
.....I send application to university
..........

HAPPY AND HAPPY NEW YEAR

hahahaha.
Now is beijing time00:18.....2009 came.........
HAPPY NEW YEAR......HAHAHAHAHHA
Wish everybody is happy!And have a good grade in Jan`s exam.....
HAHAHAHAHHAHAHAH

13D 5D time to go back

5D I just have a few days to prepare Math C1 C2 EXAMS..............

13D I have lots of days to prepare business unit 1 exam...............

I have submited my application for IELTS on April 4th .......

I have a plan to take part in IELTS in AUG(if I can`t get 6.5 or better)

I have a plan to take part in IELTS in DEC(if I can`t get 6.5 or better)

So.....when can I have a short break........???

ABOUT IELTS EXAMINATION

MR CHRIS .
I WANT TO ASK YOU SOMETHING ABOUT IELTS EXAMINATIONS
I SEARCH EXAM DATA THERE IS ONE EXAM ON APRIL 18TH IN BEIJING BUT THE SCHOOL TERM START ON APRIL 14TH ....THIS MEANS I HAVE TO STAY IN BEIJING 5 DAYS MORE ....AND I DON`T KNOW THE EXACT DATA OF ORAL EXAM...MAYBE 1DAY LATER OR.......SO.....IS IT POSSIBLE TO TAKE PART IN THE EXAM......??COULD YOU GIVE ME SOME SUGGESTIONS>>>>>>>>>>>>>>>

EVERYBODY HELPS ME

HELLO!I need HELP!!!!
I have a question about math past paper(c1,6663/01,10 WED JAN 2007)
question9,part C
I can`t show it ...I don`t know how to work out this question...

IF anybody has mark scheme`s answer or knows how to do it ,please show me in comments

THANKS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Happy Happy!

festivalHELLO!!!EVERYONE
I just want everyone have a happy day
And
Happy Christmas Eve
HAPPY CHRISTMAS

So......no .....work .,,,,,,today...and ....tomorrow,,

21D what I did

Friday:I read books...(business)
Saturday:Nothing
Sunday:Nothing
Monday:did some past paper(MATH)
check the mark scheme
1.2007 JUNE
2. finish and check the mark scheme 2006JUNE


I have 5 more past paper TO GO!!!
2008 real past paper
2006JAN
2007JAN
2008JAN
2005JUNE

26D internal and external

Internal sources of finance are ones which come from owners of the business.
EX:Owner’s personal funds

income from a sale of the company assets

AD:
No cost to using this money
Doesn`t worry about the money being withdrawn.
No risk of interference in decision making by a lender
Doesn`t have to pay anything from profit which they don`t want to pay
Borrowing from friends or family rarely means interest has to be paid
Friends and family may be more willing to lend

DA:
Have limited finance to start, limited which business can purchase
New business has risk. Entrepreneur could lose everything
If business doesn`t run well, may have argument

External sources of finance are ones which come from outside of the business

EX:overdraft
loan
share capital



overdraft:

AD:

1. it`s flexible source of finance,you can use when it is needed


2. quick and easy to arrange

DA:

1. expensive if used for a long term or large amount
2. business has to have bank account

loan:

AD:

1. interest is fixed for the period of the loan
2. loan is guaranteed for the period
3. don`t need to give the lender a proportion of the profits earned by the business

DA:

1. interest is paid whether company earn
2. business is paying for something it no long needed

26D yo~yo

hahaha!
What a sunny day.....enjoy...!!!!!
I have finished one mock which has two articles"Walkers`new recipe" and"Gardiner Stores plc"
completely finished...But I haven`t checked the mark scheme yet....

And I`m reading a book called "Greed Fraud and ignorance"wrote by Richard Bitner...
It`s about the US`s economy .....about the mortgage...

28D HAHA!

Today I did some mock questions.And prepare some key knowledge......
I haven`t prepared to do the real mock....
A week past>..I didn`t prepare Math exam ....c1,c2
next week I will put more effort on Math...

31D I did something

yesterday,I saw a film with my mother....It`s good!And bought a pair of jeans....actually I don`t like to meet people wearing jeans>.....

today I have read business book....And achieve some knowledge about qualitative and quantitative which I think is useful....what do you think?MR CHRIS

In the evening I will print the past paper...and do it next week.....

That`s all

comment is very welcome

33D what I have done

today...I just read some pages of business book....I had no motivation to write a blog.....
Why so tired today.......

34D I LOVE THESE WORDS

To what extent
Asks students to evaluate the success or otherwise of one argument or concept over another. Students should present a conclusion, supported by arguments. For example: To what extent should LDCs adopt outward-oriented strategies rather than inward-oriented strategies to promote economic development



Evaluate
Invites students to make an appraisal of a situation. Students should weigh the nature of the evidence available and discuss the convincing aspects of an argument as well as its implications and limitations, and the less convincing elements within an argument. For example: Evaluate alternative policies designed to reduce inflation.
Evaluation occurs when a judgment is made. It is the weighing or measuring of factors followed by an attempt to give relative weight to those factors. Questions that begin "evaluate", "assess", "critically assess", "discuss" or "to what extent" require students to show their skills of evaluation in order to reach the highest achievement levels.
There are many ways that students can be encouraged to improve their skills of evaluation.

1. When factors such as causes, consequences or remedies are asked for, students should attempt to identify the most important ones and then to justify the reason for the choice.
   


2. When advantages and disadvantages are asked for, students should attempt to identify the most important advantage (or disadvantage) and then justify the reason for the choice.
   


3. When strategies are asked for, students should attempt to assess the short term and long term implications.
   


4. When data is offered, students may question its validity, in terms of whether it is appropriate, whether it is reliable, or whether it is still relevant
   


5. When summarizing a theory, students may question its validity, in terms of whether it is appropriate, whether it is reliable, or whether it is still relevant.

Analyse
Here you are being asked to provide a comparison in detail of the causes and any possible effects of how the thing under consideration has developed or happened. Wherever it is possible ,try to give examples, this is especially true if the material offered has examples within it. If the term “critically" is prior to the term analyse. This is telling you that you need to make suggestions as to possibly why or why not something may or may not, in your own opinion, be appropriate considering the issue or event being analysed. Always try to offer support to your findings and/or opinions. For example: Analyse the extent to which foreign aid promotes economic development

34D 41tips

Develop ways to read books more quickly and effectively

1. Make sure you try to scan your textbook prior to arriving at your class.
2. When scanning a book make sure you are reading for both details and ideas.
3. Always read any assignment guides and materials in FULL.
4. Try to always look for what are the main or central ideas that need to be covered and what exactly will be assessed.
5. A useful measure to recall the material you have read is to get another person to ask you questions or alternatively ask yourself questions about the material you have read. i.e. What is the main assessment criteria?
6. Carry out reflection by transferring the different information that you have read into useful and practical knowledge. (i.e." Why exactly is this criteria or point important?)
7. Write brief summaries.

How to improve my learning in the classroom
8. ALWAYS ..Go to your class. . . . Every lesson is important. Do not skip lessons.
9. Try to think about the specific subject prior to you attending the class. Try to anticipate what you think will be discussed in class.
10. Make sure you always pay attention for the entire class. Do not allow yourself to become distracted.
11. Concentrate on what your teacher is doing and saying, not on the people walking down the corridor or the notices on the class notice board.
12.Always focus on what the teacher/speaker is actually saying. Try to learn how to tune out the teacher/speaker's voice quality, mannerisms, appearance, accent etc.
13. It is always important to make sure you are listening with your mind not judging what is said with your emotions.
14. Try to develop the skills of listening for the important word cues that illustrate or reveal the teacher/speaker’s emphasis. These include words like most important, on the other hand, in addition to etc.

Tips on note taking.
15. Make sure you take as complete notes as possible. Practice your note taking skills. Learn how to abbreviate words and develop you own shorthand methods. One useful tip is to leave out vowels (wrk hrd) and use a ‘g’ for ‘ing’ (stdyng). Use other common single letters or different symbols
16. Make sure you get the important facts or details written down correctly.
17. Try to have just one notebook and keep all your individual subject specific notes in that one book.
18. It is important to re-read and review your notes. Read them again after the class and try to fill in any blanks or missed out notes. Read and review again before the next class in order to remember what you covered last time and try to anticipate what you expect to come this time.
Tips on exam taking
19. Read the whole exam paper first. Make sure you read all the relevant exam questions first. 20. It is good to answer what you think are the easiest questions first.
21. Make sure you underline or highlight the most important facts and any key words in questions before you begin to write your answer.
22. It is always good to take a couple of minutes to organize your thoughts before you begin to write.
23. When you are taking a true/false or multiple choice test pay attention exactly what is written - consider the absolutes. Choose the BEST answer.
24. Do not leave a multiple choice or true / false question blank.Always try to answer any questions you are sure you know the answer to first. Come back to the more difficult ones later.
25. Use your time wisely. Do not spend more than the allocated length of time any one specific question.
26. Never leave an exam early. Look back over your answers if you have the time and proof read carefully

Important dos and do nots
27. Do not study for a test while watching television or eating a meal etc.
28. Do not try to study while straining to listen to the basketball game on the TV in the other room.
29. Do not stay up all night studying.
30. Do not try to study when you are very sleepy.
31. Do practice past papers and exam questions to improve your test performance.
32. Do hand in your homework neatly done and on time.
33. Do practice different memory strategies.
34. Do stay healthy and fit and try to eliminate your bad time wasting habits

Managing you time
35. It’s a good idea to keep a daily/weekly "to do" calendar/notebook. Put the different tasks in the order of priority. Make sure your list is realistic.
36. It is advisable to try to schedule work or study that demands high levels of concentration, such as taking notes on a specific text in 50 minute time periods. Then have a short break.
37. Make sure you have always allowed enough time in your schedule for conducting library research.
38. When researching on the internet do not become distracted by irrelevant sites.
39. Get specialist help wherever possible. Make sure assessable work has been properly proofread before submitting it
40. Get some sleep.
41. Balance your time – even though study is extremely important, don’t cancel all of your leisure activities either.

I found it!

Finally, I found it!!!!!!Male bra!!!!

I hate pink.........special bright pink!!!!!!!!!!!

35D WORD REVISION 2 (whole page)

PREDATORY PRICING:setting a price low enough to drive competitors out of market or the business.....



PRICE DISCRIMINATION:means charging different prices to different people for what is essential the same product



PRICE ELASTICITY:is a measure of the way the demand for a good responds to a change in price



PRICING STRATEGY:is the medium-to long -term plan for the price level that a firm wished to set for a product



PRICING TACTICS:ways of using price to take advantage of a short-term opportunity or threat



PRIMARY RESEARCH:field research,which has first-hand information and relevant to the business which is new

SECONDARY RESEARCH:which has second-hand information and has collection the data and has already existed

PRODUCT DIFFERENTIATION:is the extent to which consumers perceive one product as being different from its rivals

PRODUCT LIFE CYCLE:the theory that all products follow a similar life course of conception


PRODUCT PORTFOLIO:the range of products or brands held by a company that provide it with diversified sources of income

QUALITATIVE RESEARCH:is in-depth research into the motivations behind consumer behaviour or attitudes
QUANTITATIVE RESEARCH:research using pre-set questions among a large enough sample size to provide statistically valid data

SAMPLE:a group of respondents to a market research exercise selected to be representative of the views of the target market as a whole

SIGNIFICANCE TESTING:checking the statistical validity of a sample result

UNIQUE SELLING POINT:the feature of a product that can be focused on in order to differentiate it from all competition

35D I met my girlfriend today!

after arrived in BEIJING.....after I cleaned my suitcase...after I took a shower...
I went to school to meet my girlfriend!Because of the school ceremony...she wore so unusual>..that I can`t identify her .....But still.....you knew what I mean.....hahahahah

we had a deep hug..and `````and`````...I just wanted to stop the time at that moment.....

Time is limited.....I just saw her off in front of the door>....what a pity.....

By the way, 35 to have the business exam...this is the point!

35D WORD REVISION 1 (half page)

ADDING VALUE:the process of increasing the value of resources by changing them during the production process(the difference between the price of the finished product and the costs incurred in making it)

BOSTON MATRIX:a method of analysing the current position of the products within a firm`s portfolio.

DESIGN MIX:how the firm combines three key design elements in order to fit the market gap that has been identified.

1. aesthetic appeal(appeal to the senses)
2. function(how well the product works and lasts)
3. economic manufacture

DISTRIBUTION CHANNELS:the stage of ownership that take place as a product moves from the manufacture to the consumer

EXTENSION STRATEGY:a medium-to large-term plan for lengthening the life cycle of the a product or brand

INCOME ELASTICITY:measures the way in which demand changes when consumer`s real income change

MARKET MIX:the main variables through which a firm carries out its marketing strategy(4P)

MARKET OBJECTIVES:marketing department must achieve in order to help the company achieve its overall objectives

MARKETING STRATEGY:a medium-to long-term plan for meeting marketing objectives

MARKET RESEARCH:the process of gathering primary and secondary data on the consumer

MARKET SEGMENTATION:analysing a market to identify the different types of the consumer

MARKET SHARE:the percentage of all the sales within a market that are held by one brand or company

MARKET SIZE:the total sales of the producer within a market-place

MASS MARKETING:target the firm`s advertising and promotional spending an the whole market

NICHE MARKETING:a small range of market

I need some help....chris

I have balloondebate，why should I survive？？I·m a cook.....could you give me some ideas.......thanks

list....Chris

After I saw my name on the candidate list.....I got confused/.

I have 2 ways

1.Ask Mr Ian if my information is right or not......it will impact my decision directly....

2.Take the exam in Jan .......I have 5weeks more .......Chris ....give me some help.....what should I do to improve my business.......

Male Bra

STRINGS ATTACHED

Sorry No blog today!

Because of the Math test tomorrow,so....no blog today......

Video revision(3)

ORGANISATION STRUCTURES

• size
• culture
• activities
• history

Delayering:reduction of the length of a chain of command by the removal of one or more "layers" of a hierarchy.

Advantage:

• more communication
• more responsibility
• better motivation
• reduced the cost

drawback:

• causes staff redundancies
• loss of knowledge
• "loss of a corporate memory'
• affect customer relationships

LEADERSHIP STYLES

1. Autocratic
2. paternalistic
3. consultative
4. democratic

STOCK:

1. raw materials
2. partly finished products
3. finished products

STOCK CONTROL:

JUST IN TIME(JAPAN)

ADVANTAGES:

1. IMPROVES CASH FLOW
2. DECREASE WORKING CAPITAL REQUIRED
3. MORE SPACE MORE PRODUCTION
4. LESS WASTE AND DAMAGE
5. LINK WITH SUPPLIER IMPROVED
6. MORE CONTROL OF SUPPLIER
7. OPPORTUNITY OF COMPUTERISATION
8. WORKER MOTIVATION
9. MORE FLEXIBLE DESIGN OF PRODUCT

DISADVANTAGES:

1. GREAT RELIANCE ON THE SUPPLIERS
2. ORDER COST PER UNIT MAY BE HIGH
3. ADMINISTRATIVE BURDEN AND COST
4. HARD TO COPY WITH SHARP RISE IN DEMAND
5. MAY LET CUSTOMERS DOWN
6. NEED EFFICIENT MANAGEMENT AND CONTROL SYSTEMS

NEWS:VAT to be cut by 2.5%

A talk with MR brown
As we know,the VAT used to be 17.5%.but recently,aimed at kick-starting the economy.government want to cut VAT by 2.5% to 15%.

WHY IS THAT?
In my opinions:because of the recession.People get less money than before.so people won`t buy more products...adding the "economy emergency"has impack whole world.It hits consumers` confident indeed!And "credit crunch"for instance harder to borrow from the bank.so the bank gets less interest rate!!!It lend to bankrupt.......

So what is VAT?
I think it`s a type of tax included the products.Such as food meat....etc...
Government uses that tax to improve produce merit goods.New equipments and health care.
And some of taxes are used to improve public goods!(road,motoway,road sign)

Why government cuts VAT?
The main point is to increase expenditure!If you bought a bottle of milk was 2.35pounds(2pounds for sale,0.35pound for 17.5%VAT)and you buy it now should pay2.3pounds(2pounds sale,0.3pound for 15%VAT)you save 5pence!That just a example to show how the VAT impack real life.That means people pay less on the products even if the price of the product doesn`t change before the tax.

But if cut the VAT,goverment will loss more taxes to improve merit goods!
Why?>..........
Is it really influence the damand and supply?
As we know food and meat are inelastic!That means if price goes down,the quantity of the good won`t change alot!It doesn`t really affect people to consume....It doesn`t make a big difference!

mortgage problem and job problem can be solved out!
Because of the price of the house is decreasing!People can not pay back!If VAT cut down,people have more money in pocket!It will slowdown the problem.......

How about job problem?
To be continued................................

Christmas Gifts(enjoy it)

BOOM FOR ONLINE FASHION FIRM ASOS

a. possible reasons for the success of ASOS
I think the possible reasons why ASOS make a big success are:
First,they sale on online you can order the clothes 24hours!!! And ask them to delivery it for you.It makes a big difference from shop.Assuming you are an housewife,you have no time go out for shopping,you should look after your child and prepare the dinner for you husband,wishing clothes.....etc...if you buy clothes online,it will save you much time....

Second, Location,as we know some businesses opened in their own house,it means you don`t need to open a shop and pay rent monthly!It`s easy to open,and easy to manage...

Third,you can do all these things by yourself,or ask your family to help you,you don`t have to employ people,it also saves money.

Because of second and third reasons,they can offer low price....it`s full of competition...

b. who the main competitors are:
Because not only ASOS manages clothes online,more and more small firms of business aim at this market...
Some famous brand are popular,so people prefer to buy some luxury clothes than spend money online.
c. strengths/weaknesses of their products
strengths:
24 hours open,free delivery?pay with credit card.update information.easy to start-up.no pay for rent and employee salary.you can offer low price comparing with same product.easy to gain profit

weaknesses:
Maybe normal quality??And not famous brand name?New consumers have less confident than entity clothes shop.
d. what steps can they take to ensure continued success?
find the market gap
improve quality of the clothes
do some market tests or market research
the features of the products.some humanize services?

I `M FEELING LUCKY

When you explore the website,have you ever typed "www.google.co.uk"?If you have,and did you use the button which is next to the "Google search"called "I`m felling lucky"?I don`t think so....

so,what does that use for?
If you want to search some website,you just need to press "Google search"then you will see lots lots websites which is related to the word which you typed.But if you press"I`m feeling lucky" then you will go to the official website directly.

For example:
First you type "apple"(I want to something new about ipods!Not fruit)then press "Google search" you will see hundreds of websites not just apple company but something about apples(fruit) supply or some weird thing happened related "apple".

Second back to the homepage of Google,then press "I`m feeling lucky?",you will see the apple official website immediatly.Which means you can visit the official website easyly.

But does this button help Google to earn more profit?--Obviously not!!!So,why doesn`t Google abolish the button???
According to "Marissa Maye"said,it is essential for Google.
As we know because of keeping this button,Google has lost more profit!Because 99% of the incomes is advertising, therefore,advertising is the main way to make profit for Google.If more and more people click"I`m feeling lucky",they will enter the official website without adverts,so the Google can`t make more profit.....It`s huge loss.........

Sergey Brin who is Google founder said merely 1% people used the "I`m feeling lucky"button to visit the website.That`s means Google will lose 1.1billion dollars annually.......

Video revision(2)

MARKET STRATEGY

Objectives: what you want to achieve.

1. Specific—increase the sales
2. Measurable—10percent
3. Within a time frame—in 3 years
   

Strategy: how you achieve.

Niche market: focus on a specific segment of the market.
Mass market: much bigger market.

Introduction:

1. Create awareness
2. Encourage sales
3. Develop an image

Decline :( Product start to fall)

• Withdraw product
• Wait for other competitors to withdraw products
• Extension strategy

MARKET PLANNING

4PS:

• Product
• Price

1. new product pricing strategies
2. existing product pricing strategies
3. pricing methods
4. pricing tactics

• Place
• Promotion

1.above the line(advertising):TV,RADIO MAGAZINE

2.below the line:

a.sales promotion:BOGOF,25%extra free

b.personal selling:face-to-face selling

c.direct marketing:mailshots

pricing strategies:

• price leader strategy(a firm sets market prices then follows other competitors)
• price taker strategy(a firm follows market prices sets by the leader)
• predator strategy(a firm undercuts the competitors to force them out of the market)

pricing:

cost-plus:a amount of profit is added on the unit cost

contribution

discrimination:setting different prices for the same product/service at different times

loss leaders:very low prices to attract customers

psychological:3.99

chapter 4 finance(3)

THE BALANCE SHEET
Business need to know how much they are worth.To find out,a business can use its balance sheet.This shows it how much it owns against how much it owes .The balance sheet is often called a "snapshot"because it shows the situation at the point at which it was drawn up.The balance sheet for a small business is relatively simple,that for a large business more complex,but the principles are the same.

Some definitions:
assets:anything that a business owns that has a value.
creditors:those to whom the business owns money such as banks
debtors:those who owe the business money,such as other businesses that have yet to pay for goods bought
liabilities:anything that a business owes that has a value

THE ACCOUNT

There are three parts to a balance sheet.Each is linked to the others

1. Assets--what a business owns
2. liabilities --what a business owns
3. capital--where the business has raised in money from

ASSET

Items,are only assets if they can be valued."Reputation",for example,does not appear in a balance sheet.Assets are either fixed(e.g buildings and machinery used in production)or current (e.g stocks of finished product that could be easily turned into cash,or money that is owed to the business by debtors)

LIABILITIES

Items are only liabilities if they can be valued.Liabilities are either current (debts that must be paid back within a year,such as bank overdraft and debts owed to creditors)or long term(debts that the business has more that a year to repay,such as long-term loans and mortgages)

CAPITAL

The final part of the account shows how the money for these net assets employed was raised.This could be via shares,though profit,or from profit made in previous period.Capital must balance with net current assets.

KEY POINT!

fixed assets +current assets =total assets

current liabilities+long-term liabilities=total liabilities

total assets -total liabilities=net assets employed

PROFIT AND LOSS ACCOUNT

THE ACCOUNT

3 parts to the profit and loss account

1. trading account -what the business has sold and what it has cost to achieve these sales.
2. profit and loss account-gross profit minus expenses
3. appropriation account-where the net profit has gone

INCOME

The account shows that what the business has earn.This is called its income.The biggest source of income for most business is sales revenue.However,the cost of buying or marketing the items sold has to be deducted from this total.

STOCK

The only time this is different is if you have stock left over.This is our "opening stock"for the next year.

EXPENSES

Buying and selling the pencils will have taken you time,you may also need somewhere to sell them from .These are all expenses.A bigger business will have to pay items like wages,rent on premises,power bills and equipment costs.

GROSS AND NET PROFIT

Gross profit is the amount that you have made before expenses are taken into account .Net profit is the amount after expenses are deducted.

Appropriation account

What happens to the gross profit.Some of it goes in taxes,some may be given to shareholders in the forms of dividends and some may be kept to help the finances of the business.

KEY POINT!

trading account :

sales revenue-costs of sales=gross profit

profit and loss account:

gross profit -expenses=net profit

appropriation account:

profit after tax-dividends=retained profit

CASH AND CASH FLOW

SOME DEFINITIONS:

budget-a plan of future expenditure

cash-flow crisis-when a business cannot pay its immediate debts

forecast -an estimate;trying to look into the future

CASH FLOW

If there is more cash coming into in than the business needs ,this is called cash surplus,If there is less cash coming than the business needs,it is called cash shortage.Remember that it can be just as bad to have too much cash as to have too little.It is inefficient to have too much.It is better to turn an excess of cash into assets that can earn more money

KEY POINT!

If a business knows when it is going to need cash it can plan to do something about it

1. borrow money
2. increase sales
3. decrease costs
4. persuade people to pay more quickly

THE NEXT BOOKHOLDER IS NARA!!!!!!

chapter 4 finance(2)

Breaking even

When revenue is greater than costs, a business is making a profit.Where revenue is less that costs,the business is making a loss.The point where the amount of revenue is equal to the amount of costs is called the break even point.At this point the business is making neither a profit nor a loss.



Some definitions:

breakeven:the point where a business is making neither profit nor loss.

contribution:a method of using breakeven to show how much(if anything)each product contributes to profit.



Moving breakeven:

If a business is making a loss,it can try to make changes.It can seek either to lower costs or to increase revenue.Managers can use breakeven as a tool to help them predict what might happen as a result of such changes.



Contribution

The example we have been looking at assumes a single product,and that all output is sold.Obviously this is not always the case.To see how each product is doing,managers can use the contribution method.This is looks at the contribution to overall revenue from the sale of each product.Contribution is calculated by taking the variable costs of a product away from its revenue.The formula for working out the number of sales necessary to break even is:

Formula:

breakeven sales=fixed costs/contribution

It is also important for a business to look at revenue -that is,actual sales -rather than the number produced,as some products may not be sold.







Financial documents

Think about a transaction that you have carried out in a shop.What paperwork was involved?What about if you ordered something online?When you buy something in a shop you are entitled to a receipt,to show that you have paid for the goods.The business also keeps a record of the purchase.



Some definitions:

B2B:the abbreviation for "business-to-business"transactions

B2C:the abbreviation for "business-to-consumer"transactions

transaction:the term used for buying and selling a good or service



Business-to-consumer transactions(B2C)

The process of ordering,buying and paying for something involves records.Imagine buying a present from a catalogue.You order it,it is delivered with a request for payment, you pay for it.Buying from the internet is similar.You order the good,usually pay for it then and there,and receive a receipt to print off.The business then delivers it.If you are unhappy with it,you can return it and get a refund.



Business-to-business transactions(B2B)

Business-to-business transaction are not much different.If a business wants to buy something,say stock for sale or raw materials,it will buy it from another business.There are three phases to the transaction:the order,the delivery and the payment.Each has its own special document to make sure that each business has a record of the transaction .



The order
Another word for"buy"is "purchase".Business use a purchase order to say what they want to buy,how much they want and what they expect to pay.Between businesses,it is rare for payment to be made at this stage.Usually it is made on delivery.

The delivery
The goods are delivered to the buyer,who signs the delivery note to show that the goods have been accepted.The buyer completes its own paperwork to show that the goods have been received.This goods received note is passed to finance so that it knows it can pay for the goods.

The payment
The seller prepares a bill for the buyer,so that it knows how much to pay,when and how .This is called a sales involved .This will match the description of the goods delivered on the delivery note.The buyer then pays for the goods.Another word for payment is"remittance".A remittance advice slip is sent with the payment.This says what the money is for.The seller may then send the buyer a receipt,to show that payment has been accepted.If an order is incomplete or there is a problem with it,the seller may issue a credit note,allowing the buyer credit against a future purchase.

Regular business
If the two businesses trade together regularly,the buyer may have an account with the seller.In this case, the buyer may be invoiced on a regular basis.A record of sales and payments will be kept on a statement of account,prepared by the seller and checked by the buyer.

KEY POINT!

The all transactions ,there are 3 parts:

1. the order
2. the delivery
3. the payment

chapter 4 finance(1)

SOURCES OF FINANCE
the money that a business needs may come from its owner,from lenders or people who are willing to take a risk,or from other outside sources.usually there is a risk attached to borrowing money,but that is what enterprise is all about--risk taking

some definitions:

• discount:a reduction in prices
• retained profit:amounts not distributed to owners but "ploughed back"into the business
• start-up grants:an initial sum of money,given to help a business become established

owners` funds

one of the main sources of finance for starting a business is the money that the owners already have.they can risk this in the business in the hope that the business will be profitable.sole traders may use their own funds.partnerships will share resources.limited companies can rise funds by selling shares to the owners(the shareholders).once a business is a success and profitable,it may keep some of its profit for future finance.this is called retained profit.

Borrowing

if business owners do not already have the funds,then they need to borrow them.usually businesses borrow from lending institutions such as banks.the most common forms of business borrowing are shown in the table below.there is a cost to borrowing.usually this takes the form of interest.generally,the riskier the loan and the longer the period of borrowing,the more interest will need to be paid.

short term:(from a few days up to 3 years)

overdrafts

loans

trade credit

factoring

medium-term:(from 3 years to 10 years)

hire purchase

loans

debentures

long-term:(10 years +)

loans

mortgages

the types of borrowing can be described as follows:

trade credit--a business promises to pay in the future for goods that is has received (hopefully,it will pay for the goods that it has sold them).the period of trade credit can be up to 90 days but is often less.unusually,interest is seldom charged-but there will be penalties if payment is not made and there could be discount for early payment.

overdrafts--a bank allows a business to take more out of its account than it has in,up to an agreed limit.this is very flexible and interest is only charged on what is actually owed,for the time that it is owed.

loans--borrowing a fixed amount,for a fixed term.the business makes regular repayments and is charged interest on the full amount for the term of the loan.

factoring--selling debts to a specialist firm,which then collects the money owed.the factoring firm makes its money by paying less for the debt than it actually collects.

hire purchase--paying for a piece of plant or equipment in instalments.the business can use the item while it is still paying for it.

mortgages--long-term loans used to buy expensive items such as land or buildings.

debentures--guarantees to pay at a time in the future,which may offer low risk but good interest rates for investors.they can be issued by large businesses.

Secured and unsecured borrowing

a mortgage is a secured loan,an overdraft is likely to be unsecured.but what does this mean?in the case of the mortgages,if it is not paid,the lending institution may be able to retrieve its money by seizing and selling the asset(a house or factory,for instance).if the loan is unsecured,the lender has no security of this type.

Grants

sometimes businesses do not have to use their own funds or borrow them,because there are grants available.a grant is sum of money made available to a business by a body such as central government,the European union or a local council.charities may also provide grants.the prince`s youth business trust,for example,provide start-up grants for businesses set up by young people.

key points!

three main sources where come from

• owners` own money--owners`funds
• money from banks or other lenders--borrowed funds
• money that dose not have to be paid--grants

COST AND REVENUE

businesses produce either a good for sale or a service.if it is a good,there are raw materials and other inputs to pay for.if it is a service,the business needs to let people know that it exists. in either case,therefore,there are costs.the money that the businesses received for its sales is called revenue.business costs are divided into fixed costs -also called indirect costs or overheads-and variable costs .

Fixed costs

Fixed costs do not vary with output-that is, with the amount produced.Example are rent,interest payments and rates.They have to be paid whether or not a business is producing.

Variable costs

Variable costs are those costs that vary with output,such as raw materials.packaging,parts and components,ingredients,power and labour charges.Total cost is fixed cost plus variable cost.Sometimes it is difficult to decide whether a cost is fixed or variable,as it may have elements of both within it.Utilities are a case in point .A power or telecommunications bill,for example,has a fixed element for the supply of the service,plus a variable element for the amount of the service used.

Semi-variable costs

These are costs that do vary with output,but not directly.For example,a business may need to pay overtime,or a shop may need to open for longer hours.

Other definitions

Costs can be divided into start-up costs and running costs.Start-up costs are only paid when setting up a business.Financing this may become part of a business`s fixed costs.Running or operational costs have to be paid to keep the business going.These may be fixed costs such as rent,or variable costs such as wages.

KEY POINT!

• fixed costs do not vary with output
• Variable costs vary with output.
• Semi-variable costs vary indirectly with output
• Start-up costs are paid to get a business started
• Running costs are paid to keep it going

some definitions:

• output:the amount of a good produced,or service carried out
• overheads:the term often used in accounting to refer to fixed costs
• utilities:essential services such as water and power

video revision(1)

Market share:
--High market share gives business more powerful to set prices, keep customer loyalty and negotiate better terms with suppliers
--Low market share lead to fail sales
Business need information from customers (FYI)

Market segmentation：
Business spend less on advertising and more successful with there advertisings
Lead to low cost, lower prices, higher sales.

Market research can’t guarantee success
But improve firms making decisions

primary market research:
1.qualitative
2.quantitative

secondary research:
1.internal sources
2.external sources

Which university I really want to enter

This is rank of economics:
4 University College London 5*A 459 87% 93.9
http://www.ucl.ac.uk/
5 Warwick 5*B 473 90% 93.2
http://www2.warwick.ac.uk/
6 Durham 4B 462 82% 90.5
http://www.dur.ac.uk/

This is rank of business:
5 Warwick 5*B 440 77.7% 91.2
3 London School of Economics 5A 437 90.0% 94

small summarise

Accounts
----Balance sheet
1.assets
a.fixed:buildings
b.current:
stock
debit
bank
cash

2.liability
3.capital
----T+P+L
trading
profit
loss

8types of pricing
skimming
psychology
cost+
contribution
competitive
penetration
discrimination
destroyer

How does HSBC help you start-up a new business

Practical support for your business from our Business Specialists

Up to 18 months free business banking, this means there are no charges for cash and cheques.

Commercial card fee-free for the first 12 months

Annual Business Reviews.

Government help
Many government bodies offer help to new businesses

Professional help
At some stage you need an accountant and a solicitor your local chamber of commerce, business link,the law society or association of chartered accountants can provide you with lists of firms on your area

Trade associations and other help
At HSBC we have extensive experience of helping businesses to succeed by ensuring that your financial planning is rigorous and comprehensive

1. We have policies to protect you and your premises
2. Our multi-award winning Business international banking service gives you the freedom to do your banking when it suits you
3. we have a wide range of loan options to help you fund or expand your business
4. we provide “overdraft” service
5. our international solutions are designed to simplify the process of trading overseas
6.we can give new start-up businesses projection a turnover exceeding 5 000 000 and trading with other businesses

LONZIM(company report)

website:www.lonzim.co.uk
”000
Revenue 290
Cost of sales 107

Gross profit 183
Other operation income 52
Operation cost (620)

Operation loss before financing income (385)
Finance income 503
Finance expenses (18)

Net finance income 485

Loss before tax (699)
Income tax （17）

Assets
Business combinations 3561
Non-compete agreement 6554
Property plant and equipment 373

Liabilities
Interest bearing loans and borrowing 138
Deferred tax liabilities 21

Cash flow from operation activities (385)
Cash paid for inventories (11)
Increase in trade and other receivables 190
Increase in trade and other payables 512
Cash expensed from operations (74)
Interest paid (18）

Net cash flow from activities （92）

some ads

car!

DO you like this car?

HEINZ BEAN BARS

Beans with Beers(BWB),have you ever thought about it?-But it became true.

In order to promote their “Saucy Beanz” range,HEINZ put them together.(SOUNDS CRAZY,I can`t image how does it taste)

As we know, HEINZ is famous for their beans!That means it`s inelastic,even if the price goes up,the demand won`t change a lot.People still buy its products!(like nike)

HEINZ produce this new products,why?

1.Because of it is a new project,new product,people would like to give it a try....

2.strong brand!!!HEINZ is a strong brand name!Even it fail,it gets exprience it`s good for a large business company(like a market test).small businesses can`t do it

3.ADDING VALUE:A strong brand can do it when they sell these products.

4.beans with beers in UK!!Do you achieve some information?I dare to say "BEAR" is the most popular product in UK,people like to watch football match with beers."BEAN"(by the way my dish has beans 3times a week when I have dinner) also is essential for people who live in UK.

Are there any competitors??so far I don`t think so......

Is this a good idea?Who knows...1+1=2 not fit for business

It is pizza machine,not vending machine!

Before today`s topic,I want to say I have order a company report.
these days I just wrote some of vending machine which makes me sick!!!Because most of them are same,maybe the different is what are the machines sell......get bored........

Todat,we are going to talk about the new machine---pizza machine!Have you realized this machine somewhere is weird?
Yes!You got it!This machine is twice as big as the normal pizza machine!does it make you surprise?!That means you spend same time,but you got two pizzas!Are you still feel hungry?Enjoy it!

If you eager to cook pizza quickly,don`t worry,it just takes 90 seconds(15minutes faster than other normal owen)remember 2 pizzas!It is better to invite someone to your house and cook pizza like a piece of cake!

Sometimes you afraid of ironing your hand when pick out the pizza,we have already think about it.The stainless steel slide out, allowing you to easily insert and remove pizza.

What`s more,the prize $249.95 it`s acceptable.And the key point is it saves your time!And you can treat it as your best assistant!

But...on the other hand,does this machine need more electricity??????.....And it`s really big ..we need give it more space....of cource it`s elastic...but in my opinion,it`s a good product for our normal life

Sun Screen vending machine

This vending machine will give you different feeling!It dosen`t sell anything...it gives your service will protect your skill from sunshine!It`s sun screen vending machine.

It has 3 modes for you to choose

And also, its essential function is to protect your body from sunshine,which is good for someone who want to enjoy sunshine bath but afraid of the sunshine.It merely take your 3 to 10 seconds.

Another convenient point is it will put something which helps to protect sunshine cover your body it doesn`t matter how long you want to play on the beach,you don`t need to think about the sunshine,just enjoy yourself.

Do you know how cheap it is.Just $1 .....can you image?!And support credit card....hehehehe...

where will it be full of exploited?

some hot countries(like some region of USA)

where has beach(like france,some parts of UK,greece)

what`s wrong with me?!

Last weekend,I always got tired!!!But the reason is I didn`t do anything....add.....

ON Saturday,I woke up at 11am and had a short breakfast,then I felt tired...and went to sleep....till 3pm.I felt nothing to do(my laptop is broken....f***)what I did is finish business homework until page52(about 1hour at 4pm)and whached the Formula one,the last race.Actually,I don`t like him although he is talent,is genius,it`s his second year...he has a long way to go...At 7pm I got tired again!(what`s wrong with me)I just couldn`t control myself to go to bed....I just realized I even went out of the door.

Sunday... bad weather,it made me lazy.........................

what`s up...........

but now I`m back!

maybe it`s because I have full of energy!!!(over slept)

Something important

DIFFERENCE:(member,liability,formation,transfer interest,tax,legal entity)
sole trader:one person ,un,no,yes,income,not separate
partnership:between 2 and 20,un,partnership deed,no,income,not separate
limited company:is a legal entity,lim,memorandum articles,yes(if others agree),cooperation,separate

AD and DA:

sole trader:
AD:simple to set up a.No complicated paper work,has complete control of the business
DA:Noing to prevent a sole trader taking on employes and many do
It`s liable for all debts the business incurs
In worst case,sole trader may face bankruptcy

partnership:
AD:offering for professional service
can bring more capital and awider range of skill
work and idea to the business
DA:partners may fall out

limited company:
AD:share of any profit
it offers shareholders limited liability
the liability of each shareholder is limited to the amount of capital,they have invested in the business

question 1

Question 1 - The Nostalgic Lamp Company
The Nostalgic Lamp Company manufactures three types of lamp: Mr T., Gloria Gaynor and Donny Osmond models. Production of the lamps are organised into three costs centres. The profit and loss account for the year just ended shows that the Donny Osmond makes a loss and it has been suggested that they may be discontinued.

£000s Mr T Gloria Gaynor Donny Osmond

Sales 500 350 650
Direct Materials 150 80 250
Direct Labour 100 100 250
Variable overheads50 40 60
Fixed overheads 100 80 110
Totals costs 400 300 670
Profit/loss 100 50 (20)

Questions
1. Define the term ‘cost centre.’ (2 marks)
2. What are the pros and cons of using costs centres in dealing with costs? (4 marks)
3. From the above schedule of costs and profits:-
a) Calculate the variable cost of producing the each of the three lamps (3 marks)
b) Calculate the contribution of each of the three lamps (3 marks)
c) Calculate the total fixed costs (1 mark)
d) Calculate the overall level of profits. (2 marks)
4. The Donny Osmond lamp is discontinued. Evaluate the impact on the company’s overall profits

answer:
1.cost centrer:a department or section of an organisation to which specific costs can be allocated
2.pros:
(1).team spirit is easier to generate among 20 people than among 2000
(2).by identifying the costs generated by each department,the firm is better able to decisions(3).bucause the costs can be allocated,so it`s easy to collect the money.
cons:
1.maybe after a long time there will be some impacts.
2.YOU should give each individual benefit,maybe some argument appears,bucause of personal

ipod vending machine

I have already evaluated some topics about "vending machine",but it`s one is more interesting thing to evaluate.

Like other vending machines,it is more convenient than others.I like it!It looks fashion!cool!You may get the things that you want to buy in shops.

BUT!!!!I think the drawbacks is obvious!

1.you can`t get more information from it!what you can do is just buy it....if you don`t know some key point!Maybe you will regret...

2.HOW MUCH MONEY IT ACCEPTS?

AS we know,in EF school, the self machine just accept the coins!thet don`t accept the cash!This is a problem!LET US ASSUME the ipod machine accepts the cash,so what per value does it accept?10?20?because most of machine don`t accept 50!(when I take money from the bank,the machine only gives me 10and 20)so if you want to buy ITOUCH( cheapest:179pounds )you must put 10times 18=180.You must put 10pounds into the machine 18times.....get tired!

ALSO,does the machine give back you cash or coins???if I want to buy an IPOD 129pounds and I just got 140pounds(20times7=140)so the machine must give 11 pounds back to me.Is it 11 one pound coins????heavy....................

SOMETHING I WANT TO MENTION:the security!IN THE MID NIGHT,some one break the glass by using hammer or screwdriver and they stolen the ipod?What to do???(I don`t think the glass is as strong as diamond)

Emmmmm....I think it is a good idea,but bucause you put IPOD in the machine not 50p`s sweets.It`s difficult to protect the machine....that is the point!

FOR CHRIS!

thank you for you business exam book!It`s really helpful!

and I`d like to retake the exam which we did today!COULD YOU ASSESS IT ???or give me a new textpaper!Thank you so much!

Some explainations!(1)

When you do some exams in some questions you need to explain the word at first!
But some of them you might don’t know, there explainations maybe give you some help!

PRIMARY RESEARCH(field): first-hand information that is related directly to a firm’s need

SECONDARY RESEARCH(desk):information collected from second-hand sources. Can provide information on market size and market trend

MARKET SIZE:the total sales of all the producers within a market-place measured either by volume or value

Market niche:a small range market

Franchise:A business base on the name,logo and trading method of an existing successful business.
To obtain a franchise requires payment of an initial fee

PRIVATE LIMITED COMPANY:
A small to median-sized business that is usually run by family that owns it.

(ALL THERE FROM A-Z BOOK!)

drawback of private limited company:
the ertrepreneur no longer owns all of the business-they have to give the shareholders a share of the profit,and they also have to give them a say in how the business is run!(from revision guide)

MR chris!HELP!

DO YOU THINK I CAN TAKE THE BUSINESS EXAM IN JAN???IS IT DIFFICULT?????
I REALLY WANT TO KNOW?
IF I ENTRY THE EXAM,WHAT GRADES DO YOU THINK I COULD GET????IS IT POSSIBLE TO GET B????????????????????????
AND IF I DON`T JOIN THE EXAM THIS IN JAN,IS IT BAD FOR ME?
thank you！！！！！！！！！！

Retractable umbrella

b

Today we are going to evaluate the special umbrella.

In some Asian countries,after they wash their clothes by using washing mashine,the washing will help to dry it.But sometimes it can`t dry it completely!So some family will put it in the balcony or outside.It`s normal.

But why not to try the retractable umbrella?!

It has smart systems

1.The umbrella will clean itself when it`s rainy.

2.it`s fully-retractable,to avoid the wind!

3.Flexible ribs,it can flow with the wind.It can get used to the wind`s direction efficiently ! SO it provents clothes from being wet again!It is the most important reform for the same kinds of products!!

It is elastic!Because there are more competitors!More subtitudes!

ALSO!The company can stick advertisements on the umbrella，maybe it will make more profit.

....I`m confused why it`s cheaper than other?because it has more technology,why it`s cheap?Maybe using the cheap material？if so，how to provent????

But it`s useful!Especial for Asian countries!Good market idea!

Should do

1. Daily posts in your blog. (For Business Studies students you should be visiting sites and assessing businesses. For Economics students I have given you daily questions - I have seen no answers.) You are supposed to list everyone else's blogs on your blog so you can all keep in contact, help one another etc. (Rinat has three females looking after him, for example.)
2. 3 mind maps a day related to the chapters of the book I sent round. (This is for Economics students - not one student has done this so already you are falling behind)
4. Enter the Business competition. Some people did - not many but at least they tried. A big difference in the standard of entries! I am giving you until FRIDAY 4.40pm to hand in entries as some people seem to have forgotten.
5. Book reviews (Economists) Where are the reviews on pigs and sex and drugs and...economics?
7. Learn web design and Desk Top publishing.
8. Checking out links and practising! The pathetic attempts a few hours ago where you thought demand was supply and supply was demand and two people even thought a PPF had a price on and the PPF shifted to show demand.....I despair!
9. You were supposed to be doing questions on market failure - but no-one bothered and that's why when asked about it pink people just looked confused.If you pretend you don't know about externalities then ask the person in this photograph!
10. Business glossary - what happened? Have you forgotten this:
11. It was only voluntary for some Business Studies students - but they could still have done it! You need all the practice you can get!
12. EIGHT Economics students were supposed to be doing this. Did all eight do it - I think not. Take responsibility for the other members in the group!
13. Business Studies students - what has happened? Where is it?
14. More lack of work by Business Studies students - you've missed ICT this week. What's happened? Why didn't you use the spare time?
16. You seem to have stopped being interested in University (16th October lecture)
17. So few of you even want to go to the LSE lecture just the six of you
18. Set a week ago for Economists, COLLECTIVE RESPONSIBILITY. Work to help each other. If you don't then some will be dragged down to such a low level they will think a PPF is a demand curve, that S - S1 is the opposite and that D stands for David and not 'demand'!
19. Some people are studying Philosophy - what happened to putting it into practice?
20. Even though I cover something in a blog and in class, pink people still claim never to have seen things or read them.Read and revise - all the time!
22. Are the weaker members constantly improving their English? If not then this will hold back others so make sure that everyone practises using this.
23. Business Studies students should be working through these articles.
24. So, no-one interested? That's fine...I suppose.
25. And finally, don't forget this...(I had hoped by now that at least you would know each other's names!)And don't forget to watch Youtube!

Snowter(after chris assessment!)

It’s not a snow mobile, it’s not a snow board, and it’s not a bike. It’s a ‘snowter’!
What’s a ‘snowter’?
It’s a new form of transportation used on snow.
It combines a bike’s handle bars and snow board.
In my opinion compared with a snow board it’s considerably easier to control. Compared with a snowmobile, it’s safer.
Does it take up much space?
Absolutely not!!
The components of the snowter are assembled!
You can take it apart when you go home.(convenient)
Where we can use it?
For some tourist destinations in the winter.
It’s popular and I think we can offer a fantastic price .
1.Depends on what size you need. The children’s size is cheaper than the adult size, but we can also offer a family package!
2.Depends on the time. One hour is £9 but if you want two hours it’s £15!So more people are likely to choose more time for a better deal!
Also we can supply some accessories such as hats, gloves, or scarves to keep you warm!
At the end of the adventure we can take a photo of you so that you will always have something to remind you of your wonderful day.

5000 car wash for celebrities

When I first saw this business idea,the frist reflection is expensive luxury!

It`s depends on different types of people!BACKHAM for example.

Rich people don`t care how much they spend on washing cars,In their opinions they reckon if you can wash my car like new,how much?I DON`T CARE?It`s a piece of cake for me.It`s a small sum of money to me!It`s an advandage that you can earn more and more profit once or twice...

But also because of it,mid-class and low-class people can`t afford!It`s a real drawback!In general 80%of people in the world are not rich special in delveloping counties people,it`s fact!I think they should supply more different types of price fit for all kinds of people!

Old-Fashioned Barber with Cheap Men’s Haircuts(after chris assessment)

I’m in ICT class writing my new blog! (The maths teacher is ill and I hope she will recover quickly!)Today’s blog is about special BARBERSHOPS.

The first one is called Rudy’sWhen was it established? Rudy's was established in Seattle in 1992. Why did we choose this one over other ones?
Easy, this was down to their good classical styles, their elegant music and their choice of interesting signs. The second one is called v`sWhen was it established? In November 1999, V's Barbershop & Shoeshine ®opened in the Arcadia neighbourhood of Phoenix.What do they supply? Whatever hairstyles you want!They cater for sports stars and every type of event!They have short, traditional haircuts, as well as contemporary and trendy styles. And they dye any fashion colours you like! enjoy it!!!!!!!CAN you believe it!!!!!!??????Shoe shines!!!!! It’s incredible! I may never ever see it in my country, a freshly shined pair of shoes from a barber shop!IN A WORD!Different barbershops have different services. The purpose is to attract people to spend money.The question is how to reduce the cost, to get more profit!?Comparing these two barbershops, I think each one has their own good points!But maybe expansion into other areas is the way forward. It would seem that a barbershop that just cuts your hair has no future!

Waterless Urinal

PAY ATTENTION PLEASE!


IT`S A TECHNOLOGY FOR WHOLE MALES!


THE ZERO FLUSH WATERLESS URINAL!





WHY WE USE IT??


--an ability to save over 150,000 litres of fresh water per year/per urinal offering a highly attractive pay back period of under 12 months. (like a swimming pool)


--without water supply pipework, cisterns or flush control valves, the ZeroFlush system is both simple and stylish.


--peace of mind is given and budget planning made easy with maintenance contracts offered for the life of the product.
-- no odour,you need to endure the odour no longer,enjoy it!
NUMBER!
150,000-- save over 150,000 litres of water a year .
£300 --savings of over £300 per annum to be made on water costs for each urinal fitted.
0--ZeroFlush
96%--Human male urine is approximately 96% water.

SO WHY NOT TAKE WELL ADVANTAGE OF IT!

PRICE
£279 £289 £299 £799

IPOD(3)---service END

Today i used apple software updated some new programmes!

What i must to say is IPOD is famous not only the produts are fashion but they have very good service!They afford much more new games,best and the rank of songs and podcasts(you can download some business podcasts as well),you don`t need to go to other websites.

If you set an order,the IPOD software update will help you down load the up-to-date programmes automatically.

The IPHONE 3G offer the network.That means you can check you e-mails,go to websites and do your business blogs on your own IPHONE!Is that enough??

The latest IPOD product is IPOD NANO 4!The most technological point is you can overture your images songs and menu if you overturn the screen!---but i haven`t tried yet!

Cheese burger in a can

Do you believe it?You can put a burger in a can like ham!

It`s a good choice when you have a trip or picnic with your friends,you can share it if you want,that`s why it`s that convenient.

But I have to say it tastes not such good!Maybe that`s because in a can.And I`m not sure the meat or vegetable is fresh enough,so I`m worry about it!Or eaten cold is not a good idea!

Also,I support you go to KFC,MC or BURGER KING to have a burger if time is enough,because the meat and vegetable are fresh!(though I don`t like eat fast food)disgusting!!!!!!!!!!!!!

Price:3.95 EUR (around $6)not cheap!

If I got 3.95EUR I would rather go to KFC!

more information:

http://gizmodo.com/351304/cheeseburger-in-a-can-reviewed

baby dream machine

http://www.babydreammachine.com/
it`s the website of baby dream machine!
It is 49.99!I think it isn`t expensive!
NEW creation:unique 'soothing system
Convenient:carry handles! it's easily portable meaning you can soothe your baby where ever you are.
The rhythmic motion reminds them of their earliest environment - the womb.

Shark Shield

A new product used for provent being attack by sharks!
How is it work?
It is a 3D(three-dimensional) electrical wave which impack sharks.The range is about 8meters in diameter, When the shark comes into this area its muscular is out of control,it feels spasms and it will leave at once.

AD
The sharks does feel spasms when it leaves that area!
And this product isn`t harmless!It won`t hurt the sharks just detering them.
New technology!
Good quality!
Fit for different kinds of people!
Flexible!

HOW LONG BATTERY LAST
7hours!

WARRANTY
12MONTHS!

PRICE(retail)
300POUNDS!

WHY!!!???

Today, I know my grades!
My business is C!!!!I can`t believe it!!I don`t think i will get A but I`m sure I will get B!But....why?
Anywhere I need to improve?homework??I`m confused!

dragon dan

Today,i saw a TVprogramme called dragon dan.
It`s about someone eager to find investors to support their products!But you must have more ability and confident to persuade millionaires.

questions:
baby dream machine
I think the who introduce the product is a little bit tense.I think the product is good!helpful!
But I just want to know what is it made of?is it heavy?Because nomally,wife will take care of moppet,if it is heavy,bad for female!And how much profit he thinks he will get!?!?!?!?

music concert!
He is such rude that I can`t believe he is a person who need money!?!If I were them I won`t let him on TV!Consumer is your God!
And I want to ask him how will you start him plan?It is hard to have a open music concert.
And nobody know who are you .Where you invite the music band?how famous?Do you think how much will you pay for them?Are you sure you will get profit?
BECAUSE there are much more unconstant factors!HOW about weather?

I think that is a good TV show!I really like it! And i`m interesting!

IPOD(2)--fittings(double check)

If you buy an ipod!In the packge you got an ipod,earphone,usb connection,and a handbook.
Earphone
But!the earphone is normal,not special!So IC(ipod company)produces more fashion earphones for people to choose.They know some people will buy it!

Protection
When you but an ipod you like it! you treat it as your baby,so you want to protect it.You need to buy a plastic box to cover your ipod,there are much more choices for you and also have different price!The latest product is IPOD SOCKS!

ISOUND
You like rock, you like classical,and you want to play to loudly in your room.You don`t want to earphone.Don`t worry !you can buy isound which can connect with ipod and make the sound loudly(like radio)!You will enjoy it!It`s also has different type of price.

Why producer makes more types of product and price?Bucause they know people have different opinions.Someone is fashion,someone is normal,someone is rich,someone is professional.They buy different productes.The IC will make more profit!

IPOD(1)---refirm

Today,more and more people have got IPHONE!why IPHONE is more popular than other mobile phone?
Before IPHONE, IPOD is the most popular MP3 player!Because of the menu,podcast and other 3rd service!you can download as much songs, podcast and least films as you like on IPOD offical webside.You have more choice!You buy more service!SO more and more people like it and buy it!That`s why tertiary section is that important!That`s why China want to develop it!!!!!

After IPOD, the company promulgates the IPOD TOUCH which has big screen!And built in many new programme such as:map,wifi,mobile me and so on.The most improtant change is it is tangibly!!!! It makes a huge success!

IPHONE which can dial and has camera,have made a big refirm!That means you can do anything on IPHONE!Of coures it is tangibly!It is nearly perfact!But never end!

Bus Time!!!!!!

I hate bus time!!!!!!!!!!!!!!!!
today i waited bus for 40minutes!!!!STAGECOACH!!!!!!!
Some of my friend told me it is better to take OXFORD bus company!because that always on time,and has AIR-CONDITION!
I think stagecoach is missing more and more consumers!because time is improtant for the people who have to take bus to work!If you always late, they won`t choose your bus company!You can get more profit!So your bus company will become smaller and smaller!your compititor will get stronger and stronger!!!
OXFROD BUS COMPANY hasmore service!new buses!on time!!!!!!!!!!!!
STAGE COACH has old buses!not on time!!!!!!!!
So you know which is better!

Fri`s Blog compostable potatp cutlery(double check)

it is a good idea to control the pollution!I like it!!!
But!it will use little resource!And how much we use to biodegrade the rubbish!?I think it is a huge number!
OOOOOOOOO!I remember!!!!potato is the cheappest food in theUK!Maybe it won`t cost too much money!!!!
Why not to have a try!