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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1. WHAT DO BUSINESSES DO? UNIT 1.1
2. Look out for the ? ... This means you have to
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
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
18. SECONDARY SECTOR Deals with manufacturing goods – turning the raw materials into finished products
“white goods” manufacturers (including fridges, freezers, dishwashers etc)
19. TERTIARY* SECTOR (* Pronounced “tershary” - just means third)
Offers services rather than goods
tourism & leisure
20. All businesses and organisations have a number of things in common
Resources (including people)
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 ...
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