1. Business
Size and Location

2. Business Can Be…..
Small
Local
Medium
National
Large
Multinational

3. Small business – under 50 employees
SIZE OF BUSINESS
Small business – under 50 employees
Sole trader, partnership, local
Medium business – 50 – 250 employees
Private limited companies, national
Large business – 250 employees or over
Public limited companies, multinational

4. LOCAL BUSINESSES Small in size eg a sole trader or partnership
They employ less than 50 people
Have a limited number of outlets
Accountants, Solicitors, Dentists
Plumbers, Electricians
Hairdresser

5. Most have household names Are easily recognised Have a large workforce
NATIONAL BUSINESSES
Most have household names
Are easily recognised
Have a large workforce
Have branches in major towns
Boots the Chemist
River Island
Specsavers

6. MULTI-NATIONAL BUSINESSES
Sell goods and services worldwide
Operate in more than one country
Have offices/factories/retail outlets in more than one country
Ford
McDonalds
IKEA
Shell
Global Market
What is this and what benefits does it offer

7. Benefits of Globalisation
Increase sales/market share/profits
Greater brand recognition
Locate in cheaper locations
Cater to local needs
Economies of Scale
Receive incentives from governments
Task 1

8. BUSINESS AIMS AND OBJECTIVES
What a business wants to achieve

9. What does a business what to achieve:
Survival
Profit maximisation
Provide a quality good or service
Customer satisfaction
Increase market share
Social responsibility
Enterprise
Growth
Efficiency
Take notes as your teacher explains and discusses these.

10. What do you think are the most important aims of the following businesses?

11. AIMS DEPEND ON:
The type of business – sole trader, partnership or limited company
The sector of the economy – private, public, voluntary
The sector of industry – primary, secondary, tertiary
The level of competition
The product or service they produce

12. Social Responsibility
PRIVATE SECTOR
Survival,
Maximise profits
Expansion/Growth
PUBLIC SECTOR
Help people
Improve services
Efficiency
Sectors of Economy
Different Aims
VOLUNTARY/THIRD
SECTOR
Help people
Social Responsibility
Provide a service