Business Activity - Importance of specialization
• Purpose of business activity
• The concept of adding value and how added value can be increased
- Presentation getting students to think about and discuss specialization, division of labour and the concept of adding value.
- Extra resources with questions included on PPT to encourage students to discuss ideas, alongside starter activity re-capping over the previous topic and a worksheet exploring the advantages and disadvantages of the division of labour. Idea’s included on how to stretch and challenge students included in the notes section of PPT.
- Assessment (questions relating to specialization, opportunity cost, business activity etc).