How does a business work?

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How does a business work?
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Today we will ..

• Find out what
• Income - Fixed cost
• Expenditure - Variable cost
• Profit
• .. Mean
• Make a model of a business and see how it works

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?
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Connect the words to the definitions

• Income
• Expenditure
• Fixed Cost
• Variable Cost
• Gross Profit
• Net Profit

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The MacDonalds Model

• Copy this file .
• RM Shared Documents
• ICT
• Year 8
• Finance
• Macdonalds.xls
• .. To your ICT folder

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Your task

• Open the spreadsheet
• Choose where your restaurant will be
• Decide how much people will spend
• Then use the spreadsheet to work out your profit!

Start here, then move to the advanced tabs
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(No Transcript)
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Money
Customers
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Income or Expenditure?Fixed or Variable?

• Rent
• Sale of coffee
• Advertising cost
• Cost of coffee beans
• Wages
• Cost of burger buns
• Cost of Electricity