Business Studies - IntroductionPresentation Transcript
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
Service Businesses Businesses that provide a service to other businesses or consumers. 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
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. 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!