Topic A: Business and its Environment
The is an introduction to the reason why businesses exist, and the process of business activity. Internal and external environmental factors are considered in this discussion.
Topics include:
business activity,
added value,
sectors of business activity,
factors of production,
the business environment,
entrepreneurship,
business functions,
objectives and an understanding of SMART and MOST,
CSR, business plans,
and stakeholder conflict.
Topic B: Business Size and Legal Structure
The difference between public and private organisations is explained, and how to judge the size of a business. Finally, different legal structures are examined.
Topics include:
public and private sector organisations,
measuring the size of businesses,
sole traders and partnerships,
private and public limited companies,
franchises,
joint ventures,
social enterprises,
the importance of limited liability,
changing business legal structures,
the importance of small businesses