Range of different businesses. Unit Overview: On completion of this unit you should: 1. Know the range of different businesses and their ownership 2.

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Presentation transcript:

Range of different businesses

Unit Overview: On completion of this unit you should: 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purposes 3. Know the impact of the economic environment on businesses 4. Know how political, legal and social factors impact on business

LO1: Know the range of different businesses and their ownership: Range of different businesses Business purposes Ownership Key stakeholders

LO2: Understand how businesses are organised to achieve their purposes: Organisational structures Functional area Strategic planning Influencing factors Different aims

LO3: Know the impact of the economic environment on businesses: Economic Demand Supply Changes in supply & demand Global interaction

LO4: Know how political, legal & social factors impact on businesses: Political Legal Social

Introduction: What is business? Business activity involves a person or organisation providing a product or service to someone else. This process usually involves payment.

Types of business: Can be divided into the following: Scale of operation Ownership Business sector

Types of business: Scale of operation: Local National International Global Ownership: Public Private Not-for- profit/voluntary

Types of business: Business sector: Primary Secondary Tertiary

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