Unit 1.1 Slides

Unit 1.1 What do businesses do?

Needs and Wants ,[object Object],[object Object]

Goods and Services ,[object Object],[object Object],[object Object],[object Object]

Business Size ,[object Object],[object Object],[object Object]

Business Size Employees: 250 + Employees: 50-250 Employees: <= 50 Sells locally, nationally and internationally Reaches locally and/or nationally Sells goods locally Owned by shareholders; run by directors Owned by a group of people Owned by sole trader or partnership Large Business Medium-Sized Business Small Business

Business Sectors ,[object Object],[object Object],[object Object]

Private Sector ,[object Object],[object Object],[object Object]

Public Sector ,[object Object],[object Object],[object Object]

Voluntary Sector ,[object Object],[object Object]

Types of Ownership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Sole Trader ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Features of Sole Trader ,[object Object],[object Object],[object Object],[object Object],[object Object]

Sole Trader ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Partnership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Features of Partnership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Partnership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Private Limited Company ,[object Object],[object Object],[object Object]

Features of Private Limited Companies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Private Limited Company ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Public Limited Company ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Features of plcs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Advantages & Disadvantages of PLCs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Charities ,[object Object],[object Object],[object Object],[object Object]

Charities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Franchise ,[object Object],[object Object],[object Object]

Franchise ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Co-operative ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Government Owned ,[object Object],[object Object],[object Object]

Central Government ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Provides services to public for nothing or a fee. NHS is paid for by tax ( income tax , VAT, National Insurance )

Local Government ,[object Object],[object Object],[object Object],[object Object],Run by local councils providing a variety of vital services to the area ( police, fire, roads, libraries ). Can be done by local council or contracted out .

Public Corporations Set up by an Act of Parliament and directors appointed by the Government. Very rare. ( BBC, Post Office, Bank of England)

Public Sector Organisations ,[object Object],[object Object],[object Object],[object Object],[object Object]

Public Corporations ,[object Object],[object Object],[object Object],[object Object],[object Object]

Privatisation ,[object Object],[object Object],[object Object],[object Object],[object Object]

Factors of Production ,[object Object],[object Object],[object Object],[object Object]

Types of Production ,[object Object],[object Object],[object Object]

Primary Sector ,[object Object],[object Object],[object Object],[object Object],[object Object]

Secondary Sector ,[object Object],[object Object],[object Object],[object Object],[object Object]

Tertiary Sector ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Production Chain ,[object Object],[object Object]

Creating Wealth ,[object Object],[object Object]

Unit 1.1 Slides

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Unit 1.1 Slides