| Lesson Plan |
| Grade: |
Date: 25/02/2026 |
| Subject: Business Studies |
| Lesson Topic: importance of profit to private sector businesses: reward for risk-taking, source of finance, measure of success, attract investors |
Learning Objective/s:
- Describe the definition of profit and calculate it using revenue and costs.
- Explain the four reasons profit is important to private‑sector businesses.
- Compare different types of profit and identify their uses.
- Analyse how profit influences pricing, cost control, investment and dividend decisions.
- Evaluate real‑world examples of profit driving business growth.
|
Materials Needed:
- Projector or interactive whiteboard
- Slide deck summarising profit concepts
- Handout with profit type table and case study
- Calculator for students
- Whiteboard markers
- Exit ticket cards
|
Introduction:
Begin with a quick poll: “What would you do with a £1,000 profit?” to activate prior knowledge of profit as a reward. Review the formula Profit = Revenue – Costs and set the success criteria: students will be able to explain why profit matters and apply it to business decisions.
|
Lesson Structure:
- Do‑now (5') – students calculate profit from a simple revenue/cost scenario on a worksheet.
- Mini‑lecture (10') – present definition, formula, and types of profit using slides.
- Guided discussion (8') – explore the four importance points with real‑world examples.
- Group activity (12') – analyse a case study to decide how profit influences pricing, cost control, investment, and dividends.
- Whole‑class debrief (5') – groups share findings; teacher checks understanding with a quick quiz.
- Summary & exit ticket (5') – students write one way profit can attract investors.
|
Conclusion:
Recap the key reasons profit is vital and how it shapes business choices. For the exit ticket, students note which importance factor they find most compelling. Assign homework: research a local company’s profit use and prepare a brief report.
|