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Business Markets and the Economy

Business Markets and the Economy. Characteristics of the UK Economy. Review.

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Business Markets and the Economy

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  1. Business Markets and the Economy

    Characteristics of the UK Economy Business Markets & the Economy
  2. Review Business – we’ll look at all types of businesses during this course. By business – we mean a person or entity that is involved in selling or providing something to someone else - either a person (B to C), another business(B to B) or the government (B to G). Markets – A market is a coming together of buyers and sellers. Economy – Literally – “household management”. An Economy is a productive environment – where products and services are made for people. Economics is the study of economies. In particular it looks at the production capabilities and the methods of distributing goods and services. Business Markets & the Economy
  3. Do you know what these words mean? Work Business Market Customer Buyer Seller Supply Sale Bargain Organisation Budgets Money Deal Cash flow Growth Profit Loss People Manager WorkerOwner Shareholder Stakeholder Administrator DirectorCoordinator Product Price Product Range Quality Shelf life Durability Obsolescence Fashion Old fashioned Second hand White goods Fmcg basic goods Raw materials Food Farming Hospitality Sectors... Business Markets & the Economy

  4. How to break down Information about the economy

    Business Markets & the Economy
  5. How can you trust the information you find on the web? Start with .gov.uk – these are uk government run websites and can usually be relied on for accurate information

    Doing the Research

    Produce a breakdown of areas in the UK A breakdown of regions in the UK (note: Regional development agencies were abolished in 2010 but you can still use these areas as regional boundaries). A map of Local Enterprise Partnership areas. A map of local authorities

  6. Produce a breakdown of economic activity across the UK showingPrivatePublic And Voluntary Sectors

    Business Markets & the Economy

  7. Produce a breakdown of the UK workforce by:AgeIndustrial SectorOccupation

    In groups – work out how to find this information. Business Markets & the Economy
  8. Tax – who pays http://news.bbc.co.uk/1/hi/8417205.stm http://www.hmrc.gov.uk/statistics/tax-statistics.htm#4 Uk businesses http://www.ons.gov.uk/ons/rel/abs/annual-business-survey/2011-provisional-regional-results/stb-abs-regional-2011.html#tab-UK-Business-Economy Population http://www.ons.gov.uk/ons/rel/pop-estimate/population-estimates-for-uk--england-and-wales--scotland-and-northern-ireland/mid-2011-and-mid-2012/sty---uk-population-estimates.html

  9. www.wscmarkets.trainagain.co.uk

    Business Markets & the Economy
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