We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
supports HTML5 video
Published byToby Sauvage
Modified over 4 years ago
Understanding Business 1.1 - Business ActivityBusiness Management (National 5) Understanding Business Business Activity N5 Bus Man – 1.1: Business Types © BEST Ltd ‹#› Licensed to: Turnbull High School
What is a business? BUSINESSES are organisations that are formed to provide: GOODS SERVICES GOODS and SERVICES can be: DURABLE NON DURABLE CAPITAL CONSUMER N5 Bus Man – 1.1: Business Types © BEST Ltd ‹#› Licensed to: Turnbull High School
The Business Cycle The process of businesses using the factors of production to produce goods and services to satisfy the needs and wants of consumers is known as the BUSINESS CYCLE. This process is a cycle because it goes on over and over again because consumers UNLIMITED wants constantly create new things that businesses can produce. The cycle means that if a business is to succeed it MUST pay particular attention to minimising its externalities and satisfying consumers unlimited wants to stop the business failing. Consumers have NEEDS and (NEW and UNLIMITED) WANTS. Businesses identify consumers NEEDS and WANTS and decide to make GOODS and SERVICES to satisfy them. THE BUSINESS CYCLE Wages from employment allow consumers to CONSUME goods and services. Businesses employ the FACTORS OF PRODUCTION to PRODUCE the desired goods and services and increase WEALTH. N5 Bus Man – 1.1: Business Types © BEST Ltd ‹#› Licensed to: Sample High School
The 4 “P”s of Marketing Product, Price, Place, and Promotion
What is Economics? Chapter 1.
Goods, Services Value, Utility, and Wealth! CAD Jan 2011.
N3/4 Business: How do businesses get started? © BEST Ltd Licensed to: Turnbull High School Business Management (National 3 and National 4) Business.
A Look at WANTS and NEEDS
Higher Business Management Course Outline and Assessment.
IGCSE Business Studies
N5 Bus Man – 3.2: Finance © BEST Ltd Management of People and Finance 3.2 – Finance Business Management (National 5)
Business Management (National 5)
BUSINESS WITH CONFIDENCE icaew.com A presentation by Clive Lewis Head of Enterprise, ICAEW Managing the recovery and ensuring growth.
Who decides what products will be produced?
Business Cycle Theory Changes in Business Activity ©2012, TESCCC Economics, Unit: 06 Lesson: 01.
Basic Economic Concepts
Plus some initial thoughts!. ECONOMICS What is needed for HSC SUCCESS?
Business Cycle Changes in Business Activity © 2012, TESCCCEconomics Unit 7, Lesson 2.
N5 Bus Man – 2.1: Marketing © BEST Ltd 1 Management of Marketing and Operations 2.1 – Marketing Business Management (National 5)
Trade unions GCSE Business studies. Lesson objectives £ Can I explain the term ‘trade union’ and give details? ££ Am I able to list the role of trade.
Sex Discrimination Act Information source: Directgov.
Production Possibilities Curve What to produce...in what amount?
© 2018 SlidePlayer.com Inc. All rights reserved.