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Business Studies - Introduction


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M4/12 Lesson 1

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Business Studies - Introduction

  1. 1. Vocational Education: Business Computing Class M4/12 Aj. Jamie Semester 2
  2. 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.
  3. 3. Course projects  Write a CV and letter of application  Presentation: Using computers for Business communication  Design a basic Accounting Spreadsheet
  4. 4. 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
  5. 5. Different types of Business  We will now take a look at a few different types of business.
  6. 6. 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
  7. 7. Manufacturers
  8. 8. 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
  9. 9. Service Businesses
  10. 10. 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.
  11. 11. Retailers and Distributors
  12. 12. 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.
  13. 13. 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.
  14. 14. 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.
  15. 15.  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
  16. 16. 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!
  17. 17. Today’s Task Include: •What type of business is it? •What does the business do? •Turnover •History •Location – Local / National / International? •Your experience with the company •Products / Services •Website - Internet Services?