Business Studies - Introduction • 1. Vocational Education: Business Computing Class M4/12 Aj. Jamie Semester 2 • Introduction What is a business? – A business is an organisation relating to the production, buying and selling of goods or services. What is the aim of this course? – To give you an introduction to all types of business. To recognize different types of business and understand how the business world functions. • Course projects Write a CV and letter of application Presentation: Using computers for Business communication Design a basic Accounting Spreadsheet • Course projects Run a Small Business – To be designed in groups – You must create and present a business plan – You will operate the business within the school during the second half of term 2 – You must complete an accounting overview using a spreadsheet • Different types of Business We will now take a look at a few different types of business. • Manufacturers Produce products from raw materials or component parts that they aim to sell at a profit. Companies that make physical goods such as cars, televisions, washing machines are considered manufacturers. Raw materials - Materials that are still in their natural state; required to make a product. Iron, Wood and Crude oil. Component parts - Parts required to complete a larger products. IBM purchase microprocessors from Intel Toyota purchase tyres from Goodyear • Manufacturers • Service Businesses Businesses that provide a service to other businesses or consumers. Hello, this is a summary of IGCSE Business Studies to help you understand the its core concepts more easily. As a student, I would like to share with you my experience since I am studying this subject right now. For example, if a small business wanted to seek corporate investors, it would be better off as a limited partnership or a limited liability company rather than a Subchapter S corporation. Corporate investors would invalidate the Subchapter S status. If an investor wanted to take an active part in management, a corporation or an LLC would be better. Business Studies Notes for IGCSE 2012 (All in one) in pdf Here is a pdf file with all Business Studies Notes for IGCSE 2012 for you to download. The pdf files for separates chapters are also available. Make a profit by charging for labour or other services. Companies such as restaurants, house decorators and language schools are considered service businesses. Consumers – people that purchase and use goods or services. (customers) profit - money a company makes over and about all the general costs of running a business. Labour - people that work in a company • Service Businesses • Retailers and Distributors Companies that act as middle-men in getting products from manufacturers to their intended consumers. Generate a profit as a result of providing sales or distribution services. Most shops and catalogue companies. Distribute - supply or sell things to people or businesses. • Retailers and Distributors • Types of business Agriculture – Production of raw material on farms. – Produce raw materials such as milk, grain or beef, for distribution to consumers or other businesses. Mining – Extraction of raw materials from the earth. – Companies extract materials such as iron, gold or coal, for distribution to consumers or other businesses. Extract - take something out or pull something out. • Types of business Financial businesses – Companies that generate profits through working with or investing money. – Banks and loan companies. Utilities – Produce public services, such as electricity or heat. – Usually owned or created by the government. Invest – use your money in a way that you hope will increase it in time. • Types of business Real Estate – Companies that generate profit from the selling, renting or development of buildings, homes or properties. Transportation – Deliver goods and individuals from location to location, generating a profit on the transportation costs. • You will be given a business or company and must create a case study about them. Case Study – A method of research to investigate and find out about something. To discover why something is successful. To analyse data. Desene animate dublate in romana online. PowerPoint Presentation, at least 8 slides. Groups of 3 students. Today’s Task • Today’s Task Please USE YOUR OWN WORDS! Use the Internet for research – but please rewrite and just include the important information. This semester marks will be reduced for those of you that cut ‘n’ paste every week! • Today’s Task Include: •What type of business is it? Nov 29, 2018 - OfficeSuite for Windows brings the same excellent mobile productivity. DESIGNED SPECIALLY AROUND WINDOWS 10 AND EARLIER. Officesuite pro app. OfficeSuite is Microsoft office free alternative for creating and editing Word, Excel, PowerPoint and PDF files across mobile and desktop devices. OfficeSuite is. •What does the business do? •Turnover •History •Location – Local / National / International? •Your experience with the company •Products / Services •Website - Internet Services? Senior Secondary Course BUSINESS STUDIES (319) 1 Course Coordinator Dr. Piyush Prasad fok/kue loZ/kua iz/kkue NATIONAL INSTITUTE OF OPEN SCHOOLING (An autonomous organisation under MHRD, Govt. Of India) A-24-25, Institutional Area, Sector-62, NOIDA-201309 (U.P.) Website: www.nios.ac.in, Toll Free No. 3MODULE - 1 Business Around Us 1 NATURE AND SCOPE OF BUSINESS Notes In your day-to-day life you may be engaged in several activities. However, when some one asks you as to what you want to become in your life or what you want to do in future, your answer may be – “I want to join a suitable job or I want to become a doctor, an engineer, a dancer or a musician”, or you may say, “I want to do my own business”. But why do you want to do any of such activities? Obviously, it is mainly to earn your livelihood. Broadly speaking, every human activity in which one is engaged for the purpose of earning one’s livelihood is known as economic activity. In this lesson we shall learn about all such activities, their categorisation and some other related aspects. OBJECTIVES After studying this lesson, you will be able to: • define human activities; • classify human activities as economic and non-economic activities; • explain the role of profit in business; • explain the meaning and characteristics of different categories of economic activities; • explain the concept of business and distinguish it from profession and employment; • describe the objectives and importance of business in modern society; and • identify different types of business activities. 1.1 HUMAN ACTIVITIES Every human being is engaged in one activity or the other. It may be cultivating land, preparing food, playing football, reading storybooks, studying in a school, teaching in a BUSINESS STUDIES 3MODULE - 1 Nature and Scope of Business Business Around Us college, working in an office, jogging in the park and so on. If you try to ascertain as to why individuals engage themselves in one activity or the other, you will find that by doing such activities they are trying to satisfy some of their needs or wants. All these activities which human beings undertake to satisfy their needs or wants are called human activities. However, even if all human activities satisfy the needs and wants, they differ among each other in terms of the purpose for which they are undertaken and the end result. Introduction To Accounting For Business Studies PdfFor example, let us take the activity of preparing food – one prepared by a mother at Notes home for her family and the other by a cook in a hotel. Here you will notice that the purpose and end result of the activity of preparing food (a) by a mother and (b) by a cook varies. In the first case, the purpose is to feed the family members without any expectation of monetary return while in the second case, cooking food is a part of his job so as to earn money in terms of salary or wage. The end result in the first case is ‘self-satisfaction’ and looking after the family, while in the second case it is ‘earning money’ for livelihood. The human activities that are undertaken with an objective to earn money or livelihood are called economic activities. Whereas the other types of activities that are undertaken to derive self-satisfaction, are called non-economic activities. A farmer growing crops, a worker working in a factory for wage/salary, a businessman engaged in buying and selling of goods are examples of economic activities. While activities like meditation, engaging in sports for physical fitness, listening to music, providing relief to flood victims etc., are examples of non-economic activities. INTEXT QUESTIONS 1.1 1. Define ‘economic activities’. Below are given certain non-economic activities. Convert them into economic activities. Example: A nurse attending her ailing son.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |