BUSINESS
STUDIES
, UNDERSTANDING BUSINE
ACTIVITIES
1. 1 BUSINESS ACTIVITY
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Needs :
Essential things needed for survival and essential for
life eg . water, shelter
wants :
Non essential
-
and services people would like to have
goods .
They are
unlimited , but there are limited resources to produce them
scars ity is the shortage of a resource oil Hand
eg
. .
↳ makes
products expensive as demand 9 than
more
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↳ caused by limited supplies of factors of production
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include
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inese
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activity
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create new products Added value
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support community projects and social activities
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→
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1. 2 Classification of a Business
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1
Primary sector Businesses that extract raw materials from
-
.
the
industries
by other
2 .
Secondary Sector -
manufactures raw materials and transforms them into
products
3.
Tertiary Sector
-
sells finished products and services to the consumer
↳ service
provider
A- market is where buyers and sellers meet to perform business activity
(
(
↳ Geographic =
town region 1 country
Black =
illegal and uncommon
eg
.
drugs
,Specialisation is when business,
region country focuses producing
{
a person, or on a
of goods 1 services
best suited for
Dfievnigionagots
labour employees allows
they employees
-
-
work on the task are
Not
only can an
employee be specialised
↳ Businesses Audi -
cars
eg
.
↳
Regions eg . Santos
region in Brazil specialises in co
production
e ↳
country eg .
Japan specialises in
computing and
tec
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- private sector
The private sector is formed of businesses that individualslgroups
are run
by private
↳
often have shareholders
↳
profit driven
sole trader A Public se
eg
.
.
-
private limited company ( Ltd )
•
public limited C PLC ) formed of busin
company
•
Partnership government w
•
•
Social enterprise
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what they prod
Charity uses taxation to
h
•
Nationalisation
(
÷÷
-
BUSINESS
(
that outline
iosrtneoupyocyess privately
which the business
by government takes over a run
↳ attract
usually occurs when an important business starts to fail gives the
↳ loss
of jobs =
loss of income from tax should develo
measure s
1. 3 ENTERPRISE BUSINESS GROWTH AND SIZE Interested ?
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Hard working and intelligent organised , player , committed ,
•
excellent Business resourceful
knowledge
The business
-
plan may
- -
be divided into different
.
-
.
sections
1. Business summary -
general description of the product service and the ethos of the business
↳ views, attitude behav
,
2. Business Details - •
business ideas
goals
•
unique selling point
•
Recruitment
•
legal structure primary
•
3. Market Research -
evidence to
↳
graphs,
support business plan
tables
✓
↳ demonstrate product service needed t will
,BUSINESS SIZE
nmnnrnsnhrnrrhrs
there are many types of ways to measure business size
1. capital Employed ( the amount of money → the value of all the business assets it is difficu
invested in the business ) added up shows how much the eg Busines
.
business could be worth .
worth in
2. Market Share c the total amount
of sales a
→
useful comparison against businesses A business
in the same
business has as a
percentage industry have a l
of the total sales in that that the
markets Doesn't sho
3. Number Of Outlets do
→
Geographical idea as each outlet will take up outlets
a certain amount of space to ↳ not show
easy
=
compare
4 Number Of Employees Shows the scale ( extent ) to which the You cannot
→
.
business operates as employees t
only has a
skills of e
dollars
5. value of the business C the price another →
this can be a
good reflection of the This measu
business is willing to pay to true worth of the business in the a busines
own the business ) worth
marketplace . An
compared
6. Valve of output →
shows how much the business producing
is Revenue a
and how much people are
willing to pay the costs o
for these products Easily compared
. Rev can
doing
when la
away .
cimat
A
¥Pacetnµ / oper
larger premises means improve reputa
'
\ I
, MOTIVATION
The desire to achieve I outcome individual desires Maslow s
a certain result . The more an a certain 1 .
mmnrmrvmnnrr
Hierarchy
outcome harder will achieve that
,
the
they work to outcome .
Work fulfils an important role
i:÷÷:::÷
motivated workers = Motivationtheoriesmmm ↳ all human beings have simil
t t b 8
t efforts results in higher productivity
• -
÷÷::*:÷÷:÷÷÷÷÷m÷÷÷:÷÷÷
•
A competitive advantage
.nu.
TAY W ⇐±÷÷
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bergfrienoshig¥¥nE¥¥
factor theory devised by
•
TWO
p.eamiiy.u
for self
Frederick
Once All other levels of needs are met ,
it is seunrietaymotbaoggoprr
a.ee#*BnatningEoodwaersnetFeep
self -
actual isatin that continues to motivate people
harder and to
to work experience new
things .
Needs into 2 levels
Hierarchy of is often split :
NEEDS
needs
M
•
lower order -
physiological safety and
,
Security / belonging needs 1. Physiological -
essential for human surviva
↳ most important needs for any hum
Higher order needs self esteem and self
• - - -
↳ work helps provides us
mone
actualisatin needs
2. Safety
-
seek
safety needs of security
in their lives .
Theory
nmnr nm
Into Practice
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↳ work
↳ freedom
provides money to
'
buy
'
security
from fear of loosing job
Mallows theory has important practical implications for
business .
3.
Belonging -
People like to belong to
g
↳ social needs
'
'
Satisfying employee needs is not all about money other ↳ work
•
helps to pr
-
thing such as teamwork can be equally important people can just i
Helping people to feel satisfied requires firm to
provide 4. Esteem
g
•
when people feel
-
opportunities for fulfilment at all levels of hierarchy they have done or w
self esteem 9
work is important It gives purpose and meaning to people 's
•
↳ work
.
helps p
lives If . a firm wants to motivate c
get the best out of ) its
targets and p
people ,
it must help them find ways to be more satisfied at are successful
Work .
5 .
Self -
actual is ation -
refe
Ultimately ,
work provides the means for people to move up
↳
u
Maslow's hierarchy and satisfy more of their needs .
2. scientific Management CF
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Taylor I mm
Problems
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STUDIES
, UNDERSTANDING BUSINE
ACTIVITIES
1. 1 BUSINESS ACTIVITY
mmmmmmmmmn
Needs :
Essential things needed for survival and essential for
life eg . water, shelter
wants :
Non essential
-
and services people would like to have
goods .
They are
unlimited , but there are limited resources to produce them
scars ity is the shortage of a resource oil Hand
eg
. .
↳ makes
products expensive as demand 9 than
more
supply
↳
↳ caused by limited supplies of factors of production
exists when Human need TExEeEdTnTTmTint that available resources
can
produce
include
product service
qq.tn?ggrgeusgurgeasnneeegepoensgeproouce
Factors OF PRODUCT 's a -
inese
↳ 3 .
Capital
-
cash or goods a business uses to generate income
what is the purpose of business ?
activity
:÷÷::÷: ÷÷÷÷
mmmm mur mur nv m -
•
create new products Added value
mmmmmrm
generate larger amt of sales
•
.
÷÷÷÷÷÷¥::÷÷:÷÷÷÷÷÷::÷*:::
" "im
a
support community projects and social activities
Quality
•
→
Market
→
→
conven
1. 2 Classification of a Business
mhm mhm mmmm
la
1
Primary sector Businesses that extract raw materials from
-
.
the
industries
by other
2 .
Secondary Sector -
manufactures raw materials and transforms them into
products
3.
Tertiary Sector
-
sells finished products and services to the consumer
↳ service
provider
A- market is where buyers and sellers meet to perform business activity
(
(
↳ Geographic =
town region 1 country
Black =
illegal and uncommon
eg
.
drugs
,Specialisation is when business,
region country focuses producing
{
a person, or on a
of goods 1 services
best suited for
Dfievnigionagots
labour employees allows
they employees
-
-
work on the task are
Not
only can an
employee be specialised
↳ Businesses Audi -
cars
eg
.
↳
Regions eg . Santos
region in Brazil specialises in co
production
e ↳
country eg .
Japan specialises in
computing and
tec
Ex
-
s
g e
o
E e
-
x Es it
e →
8
O
s
t
E
s e
E
es
Bo
s es
b e
E s
o
-
E
e
l
f S
E o g N
e
So
o
O Os
0 so
e >
g
s t s
E G
-
o
sno → E
O
'
w
e Es E t
S
o
k
> E O SE
"
e
s
f of o
o o
e Est -
↳ JE E t EEE EEE @
=
or as S es
'
5 s es s e
• s s o
-
En S ELO E E
Be •
E S ET Fo E E to B
Os O se e8 n
s
'
J B E E
g E
u s
+
n
g -
as
of £8 is E E W S " s o
→
O
--
b . • • e t
"
T
t
§ e d s
S E E O
S
t e SE -
S e o
S E EE q
f
8 Be @
o
.- s
r
e e
e
f
w
EEE
J
n
e Os E s
E v± E E E
-
EEE o e
G 8
Et
•
. •
~
S \
J
s 8
EE
o
is It
E s e
Os
EE
s e
O S
d-
o E
-
u
f
-
S as
1- §
•
.
J O
✓
-
£
=
- f
O
-
,
e
or
, The
- private sector
The private sector is formed of businesses that individualslgroups
are run
by private
↳
often have shareholders
↳
profit driven
sole trader A Public se
eg
.
.
-
private limited company ( Ltd )
•
public limited C PLC ) formed of busin
company
•
Partnership government w
•
•
Social enterprise
G
what they prod
Charity uses taxation to
h
•
Nationalisation
(
÷÷
-
BUSINESS
(
that outline
iosrtneoupyocyess privately
which the business
by government takes over a run
↳ attract
usually occurs when an important business starts to fail gives the
↳ loss
of jobs =
loss of income from tax should develo
measure s
1. 3 ENTERPRISE BUSINESS GROWTH AND SIZE Interested ?
, mmmm
Mmmm mmmmmmm
I
::::⇐"i""
"" " " "
.FI?9tifepro uctiser icelf
Stake
•
in
creative
!
risk
seeking
team
Hard working and intelligent organised , player , committed ,
•
excellent Business resourceful
knowledge
The business
-
plan may
- -
be divided into different
.
-
.
sections
1. Business summary -
general description of the product service and the ethos of the business
↳ views, attitude behav
,
2. Business Details - •
business ideas
goals
•
unique selling point
•
Recruitment
•
legal structure primary
•
3. Market Research -
evidence to
↳
graphs,
support business plan
tables
✓
↳ demonstrate product service needed t will
,BUSINESS SIZE
nmnnrnsnhrnrrhrs
there are many types of ways to measure business size
1. capital Employed ( the amount of money → the value of all the business assets it is difficu
invested in the business ) added up shows how much the eg Busines
.
business could be worth .
worth in
2. Market Share c the total amount
of sales a
→
useful comparison against businesses A business
in the same
business has as a
percentage industry have a l
of the total sales in that that the
markets Doesn't sho
3. Number Of Outlets do
→
Geographical idea as each outlet will take up outlets
a certain amount of space to ↳ not show
easy
=
compare
4 Number Of Employees Shows the scale ( extent ) to which the You cannot
→
.
business operates as employees t
only has a
skills of e
dollars
5. value of the business C the price another →
this can be a
good reflection of the This measu
business is willing to pay to true worth of the business in the a busines
own the business ) worth
marketplace . An
compared
6. Valve of output →
shows how much the business producing
is Revenue a
and how much people are
willing to pay the costs o
for these products Easily compared
. Rev can
doing
when la
away .
cimat
A
¥Pacetnµ / oper
larger premises means improve reputa
'
\ I
, MOTIVATION
The desire to achieve I outcome individual desires Maslow s
a certain result . The more an a certain 1 .
mmnrmrvmnnrr
Hierarchy
outcome harder will achieve that
,
the
they work to outcome .
Work fulfils an important role
i:÷÷:::÷
motivated workers = Motivationtheoriesmmm ↳ all human beings have simil
t t b 8
t efforts results in higher productivity
• -
÷÷::*:÷÷:÷÷÷÷÷m÷÷÷:÷÷÷
•
A competitive advantage
.nu.
TAY W ⇐±÷÷
%ff-esteemy.co#
bergfrienoshig¥¥nE¥¥
factor theory devised by
•
TWO
p.eamiiy.u
for self
Frederick
Once All other levels of needs are met ,
it is seunrietaymotbaoggoprr
a.ee#*BnatningEoodwaersnetFeep
self -
actual isatin that continues to motivate people
harder and to
to work experience new
things .
Needs into 2 levels
Hierarchy of is often split :
NEEDS
needs
M
•
lower order -
physiological safety and
,
Security / belonging needs 1. Physiological -
essential for human surviva
↳ most important needs for any hum
Higher order needs self esteem and self
• - - -
↳ work helps provides us
mone
actualisatin needs
2. Safety
-
seek
safety needs of security
in their lives .
Theory
nmnr nm
Into Practice
mmmnnnnnrm
↳ work
↳ freedom
provides money to
'
buy
'
security
from fear of loosing job
Mallows theory has important practical implications for
business .
3.
Belonging -
People like to belong to
g
↳ social needs
'
'
Satisfying employee needs is not all about money other ↳ work
•
helps to pr
-
thing such as teamwork can be equally important people can just i
Helping people to feel satisfied requires firm to
provide 4. Esteem
g
•
when people feel
-
opportunities for fulfilment at all levels of hierarchy they have done or w
self esteem 9
work is important It gives purpose and meaning to people 's
•
↳ work
.
helps p
lives If . a firm wants to motivate c
get the best out of ) its
targets and p
people ,
it must help them find ways to be more satisfied at are successful
Work .
5 .
Self -
actual is ation -
refe
Ultimately ,
work provides the means for people to move up
↳
u
Maslow's hierarchy and satisfy more of their needs .
2. scientific Management CF
Mmm mmmm mmmmmmmm
. W
Taylor I mm
Problems
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