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Purpose of Business activity
Value added concept
Needs,Wants,Scarcity
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3 Sectors in Business activity
Primary Sector
Secondary Sector
Tertiary Sector
Methods of measuring size
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Different ways to grow Business
Why business wants to grow?
Growth Problems
Feature of Capitalist economy
Why are objectives important?
Different Objectives
Stakeholders in Business
2 Sectors in Business
Private Sector Organisations
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Need for intervention
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What is e-commerce?
Benefits of e-commerce
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Consumer spending
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Types of Economic systems
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Impact of Competition
Consumer exploitation
What affects International trade?
Choosing the form of organisation
Types of Business organisations
What is Sole trader?
What is Partnership?
What is limited company?
What is a Franchise?
What is a joint venture?
Difference between Sole trader and Partnerhip
Difference between unincorporated Business and Limited company
Multinational Firms
Advantages of Multinationals
Disadvantages of Multinationals
Control, Responsibility, Span of control,Scalar chain and Delegation
Role of Entrepreneur
Functions of Management
Ownership and Control
Means of communication
How Communication takes place?
Barriers to effective communication
Overcome barriers of communication
Effective communication
Why business needs funds?
Short term Capital and Long term Capital
Internal sources of funds
External sources of funds
Debt capital compared to owner’s fund
Sources of fund
The role of marketing
Market orientation
What is market research?
Primary research
Secondary research
How to conduct market research?
Factors influencing market research
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Market segmentation
Mass marketing-Niche marketing
Marketing mix
4ps marketing mix
Benefits of packaging
Brand name influence of sales
Product life cycle
Extension strategies
Pricing strategy
Channels of distribution
Types of promotion
Difference between production and productivity
Why economies of scale occur?
Diseconomies of scale
Quality Control
Factors that increase productivity
Methods of production
Job production
Advantages and Disadvantages of Job production
Batch production
Advantages and Disadvantages of Batch production
Flow production
Advantages and Disadvantages of Flow production
Lean production
Break-even chart
Classification of costs
Limitations of a break-even chart
Factors influencing location decision of manufacturing business
Factors influencing location decision of service based business
Factors considered in determining which country to locate
GCSE Business Studies Advantages of Sole trader
Planned Economy-Business Studies
What is Barter?
Disadvantages of Barter
What is business activity?
What are consumer goods and capital goods?
What are legal requirements of forming a partnership?
Public limited Company belongs to Private sector or Public sector?
What is Private sector?
What is privatization?
What are Public Limited Companies?
Disadvantages of Partnership
What is unincorporated business?
What are the advantages of forming a partnership?
Which businesses have unlimited liability?
Is the sole trader business illegal or legal?
Why there is industrialization in developing countries?
What is Public sector?
Who are internal stakeholders?
Who are external stakeholders?
Sole trader in Business studies
Start business with limited capital
Sole trader: Self employment
Sole trader: Quick decision making
Partnership: Losses are shared
Profit is not shared
Advantages of Partnership: More capital available
Sole trader: Relationship with the customer
Advantages of Partnership: More ideas
Sole trader: No legal requirement
Partnership: Tasks are divided
What is a need?
What is a demand?
What is economic problem?
What are the needs of a human being?
Why can we not satisfy everyone’s needs and demands?
Can a government solve the problem of poverty by printing more money?
Factors of production
Land
Labor
Capital
Enterprise
Opportunity cost
What is specialization?
What is division of labor?
Advantages of division of labor
Disadvantages of division of labor
What is the purpose of business activity?
Why do people engage in business activity?
What are the different objectives of businesses?
Profit is a business objective
Value added is a business objective
Growth is a business objective
Survival
Unlimited wants and limited resources
Scarcity
Opportunity cost
Business activity
Factors of production
Consumer goods
Consumer services
Capital goods
Three sectors of business
Changes in business activity
Public sector
Private sector
Sole trader
Partnerships
Private limited companies
Public limited company
Setting up a company
Cooperatives
Franchises
Joint ventures
Holding companies
Public corporations
Business Studies The function of an economy
Market Economy and its advantages/disadvantages
Planned Economy and its advantages/disadvantages
Mixed Economy and its advantages/disadvantages
Nature and scope of international trading
Free trade and globalization:
Multinational businesses
Business Studies Impacts on host countries
Impact of business activity
Benefits of business activity for customers
Benefits of business activity for people
Benefits of business activity for government
Benefits of business activity for the economy
Demerits of business activity for people
Demerits of business activity for environment
What is the role of government in business activity?
Inflation
Unemployment
Economic growth
Balance of payments
What is the meaning of real income?
Why does the government want to solve unemployment?
Economic growth and standard of living
What happens due to low economic growth?
Stages of Business cycle
Stage of Business cycle: Growth
Stage of Business cycle: Boom
Stage of Business cycle: Recession
Stage of Business cycle: Slump
O level Business Studies: Introduction
O level Business Studies: What is a need?
O level Business Studies: What is a want?
O level Business Studies: Comparison between need and want
O level Business Studies: Do needs and wants change as the time goes on?
O level Business Studies: Are wants unlimited?
O level Business Studies: Economic Problem
O level Business Studies: Scarcity
O level Business Studies: Opportunity cost
O level Business Studies: Factors of production
O level Business Studies: Factor of Production: Land
O level Business Studies: Factor of Production: Labor
O level Business Studies: Factor of Production: Capital
O level Business Studies: Factor of Production: Enterprise
O level Business Studies: Who is an Entrepreneur?
O level Business Studies: How to solve the economic problem?
O level Business Studies: Specialization
O level Business Studies: Division of labor
O level Business Studies: Advantages of Division of Labor
O level Business Studies: Disadvantages of Division of Labor
O level Business Studies: What is added value?
O level Business Studies: Difference between added value and profit
Enroll Now!
Pacans Next course for IELTS-TOEFL-GRE-GMAT-GAT-ACT- SAT-SAT 2-ENGLISH-OET-PTE starting this Monday. 042-35855791 or 0300-4094094. Enroll now!
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