WHAT DO BUSINESSES DO

WHAT DO BUSINESSES DO PowerPoint PPT Presentation


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Look out for the ? ... . This means you have toDO SOMETHING! . WHAT IS A BUSINESS?. A business is a type of organisationIt involves people and resourcesGoods or services are produced. What are Goods?. Items which you can see and touch and carry away with youExamples include chocolate, cl

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WHAT DO BUSINESSES DO

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1. WHAT DO BUSINESSES DO? UNIT 1.1

2. Look out for the ? ... This means you have to DO SOMETHING!

3. WHAT IS A BUSINESS? A business is a type of organisation It involves people and resources Goods or services are produced

4. What are Goods? Items which you can see and touch and carry away with you Examples include chocolate, clothes or cars Goods can be durable (longlasting – eg cars) or non-durable (used up quickly – eg chocolate)

5. Goods and Services satisfy our Needs and Wants

6. It is human nature Never to be satisfied with what we have - we always want more Which is good news for business!

7. BUSINESS AIMS The main aim of most businesses or organisations is to sell their goods or services to make a profit ...

9. CATEGORISING BUSINESSES Businesses may be put into categories based upon...

10. Size of Business

11. SMALL ... Often owned and run by one person - a sole trader Or they may be run as a partnership - between 2 and 20 people They employ less than 50 people They usually sell their good and services locally

12. MEDIUM ... Usually owned and run by a group of people - these may be partners, directors or shareholders They employ between 50 and 250 people May have branches and sell goods nationally

13. LARGE Usually owned by a large number of people - the shareholders - and run on their behalf by directors They employ more than 250 people May produce and sell goods internationally

14. Ownership

15. THE PUBLIC SECTOR Nationalised industries, local authority services, schools and hospitals Owned by the state They use public money from taxes Supply Public Services, eg Hospitals, Schools, Police, Armed Forces etc

16. Type of Product

17. PRIMARY SECTOR oil fishing forestry agriculture quarrying mining

18. SECONDARY SECTOR Deals with manufacturing goods – turning the raw materials into finished products car manufacturers engineering shipbuilding “white goods” manufacturers (including fridges, freezers, dishwashers etc) housebuilding

19. TERTIARY* SECTOR (* Pronounced “tershary” - just means third) Offers services rather than goods insurance banking education hairdressing tourism & leisure armed forces

20. All businesses and organisations have a number of things in common Name Resources (including people) Aims Rules/procedures Image

21. Smaller businesses ... May be quite informal, and may not have anything written down about Aims, Rules and Image. Information often passed on verbally.

22. Larger firms ... Are more likely to be formal and have everything written out.

23. ? Your school is an organisation. Fill in the blanks on Worksheet What Businesses Do – worksheet 2

24. GOODS AND SERVICES We all use hundreds of goods and services every day without thinking much about them ...

25. (unless we can’t get them, such as when the water goes off and we can’t fill the kettle or have a shower!)

26. Think about ... What you did when you got up this morning – and the goods or services which you used before you got to school

27. These might include cornflakes, bowl, spoon, milk, fridge, toothbrush, clothes, bus

28. ? On your worksheet What Businesses Do – worksheet 3 make a list of the goods and services you used this morning.

29. But these products don’t just appear by magic! What happens to them before they reach you?

30. Goods go through many steps before they reach you, the consumer ... For example, take a newspaper –

31. Life of a Newspaper A tree was grown It was cut down It was transported to a mill where it was turned into pulp The pulp was made into paper ...

32. Then ... The paper was transported to the printing works

33. The newspaper was transported to the shop ...

34. Where it was sold to you! This is known as the Chain of Production

35. Chain of Production

36. ? Now choose ONE item that you used this morning. On Worksheet What Businesses Do – worksheet 4 write down all the steps it went through before reaching you.

37. End of Unit

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