SlideShare a Scribd company logo

What Do Businesses Do?

•
•
Musselburgh Grammar School
Musselburgh Grammar School

The document provides an overview of what businesses do and different types of businesses. It defines a business as an organization that involves people and resources to produce goods or services. Goods are tangible items that can be seen and touched, while services are intangible things done for others. The main aim of most businesses is to make a profit by satisfying human needs and wants. Businesses can be categorized by size, market, ownership, and products. The document also discusses the chain of production and how raw materials are transformed into finished goods that are sold to customers.

BusinessEconomy & Finance
1 of 37
WHAT DO BUSINESSES DO? UNIT 1.1
Look out for the  ... This means you have to DO SOMETHING!
WHAT IS A BUSINESS? ,[object Object],[object Object],[object Object]
What are Goods? ,[object Object],[object Object],[object Object],What are Services? ,[object Object],[object Object]
Goods and Services satisfy our Needs and Wants Needs ... The things we must have in order to survive: ,[object Object],[object Object],[object Object],[object Object],Wants ... The things we would like to have (but don’t really need ) ,[object Object],[object Object],[object Object],[object Object]
It is human nature ,[object Object],[object Object],OK, I’ve got the flat and the Ford Focus, which I really wanted, but a house and a Porsche would be better ….
BUSINESS AIMS ,[object Object],… but there are some which do not - ,[object Object],[object Object]
[object Object],
CATEGORISING BUSINESSES Businesses may be put into categories based upon... ,[object Object],[object Object],[object Object],[object Object]
Size of Business Businesses may be described as Small , Medium or Large
SMALL ... ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Examples of small businesses ...
MEDIUM ... ,[object Object],[object Object],[object Object],Examples of Medium-size businesses ... ,[object Object],[object Object],[object Object],[object Object]
LARGE ,[object Object],[object Object],[object Object],Examples of Large Businesses ... ,[object Object],[object Object],[object Object],[object Object]
Ownership Businesses can also be classified according to who owns them ... THE PRIVATE SECTOR ,[object Object],[object Object],[object Object],[object Object],[object Object]
THE PUBLIC SECTOR ,[object Object],[object Object],[object Object],[object Object],THE VOLUNTARY SECTOR ,[object Object],[object Object],[object Object]
Type of Product Another category is based on what is made ...
PRIMARY SECTOR ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],This is the first stage of the production process where raw materials and natural resources are farmed or extracted from the land or sea.
SECONDARY SECTOR ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
TERTIARY* SECTOR ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
All businesses and organisations have a number of things in common ,[object Object],[object Object],[object Object],[object Object],[object Object]
Smaller businesses ... ,[object Object]
Larger firms ... ,[object Object]
[object Object],[object Object],[object Object], ,[object Object]
GOODS AND SERVICES ,[object Object]
[object Object]
Think about ... ,[object Object],[object Object]
[object Object]
[object Object],
But these products don’t just appear by magic! ,[object Object]
Goods go through many steps before they reach you, the consumer ... ,[object Object]
Life of a Newspaper ,[object Object],[object Object],[object Object],[object Object]
Then ... ,[object Object]
[object Object]
[object Object],[object Object],[object Object]
Chain of Production The process of making goods, where raw materials are turned into final products. INPUTS Raw Materials (Money, Premises, People) PROCESS Manufacturing stages OUTPUTS Finished Goods (sold on to customers) At every stage in the production process, value is added, eg a house is worth more than the bricks and plaster it started out as.
[object Object],
End of Unit

Recommended

1.1 introduction to business management
1.1 introduction to business management1.1 introduction to business management
1.1 introduction to business management
Aprajita Verma
 
Chapter 06 Managing Small Business Start-Ups
Chapter 06 Managing Small Business Start-UpsChapter 06 Managing Small Business Start-Ups
Chapter 06 Managing Small Business Start-Ups
Rayman Soe
 
Business Risks
Business RisksBusiness Risks
Business Risks
NCVPS
 
Business Studies - Introduction
Business Studies - IntroductionBusiness Studies - Introduction
Business Studies - Introduction
Jamie Hutt
 
Operations management
Operations managementOperations management
Operations management
Sumit Singh
 
Forms of business ownership
Forms of business ownership Forms of business ownership
Forms of business ownership
Nat Johnson
 
02 The Cultural Environments Facing Business
02 The Cultural Environments Facing Business02 The Cultural Environments Facing Business
02 The Cultural Environments Facing Business
Brent Weeks
 
What Is A Business Model
What Is A Business ModelWhat Is A Business Model
What Is A Business Model
Alexander Osterwalder
 

Recommended

1.1 introduction to business management
1.1 introduction to business management1.1 introduction to business management
1.1 introduction to business management
Aprajita Verma
 
Chapter 06 Managing Small Business Start-Ups
Chapter 06 Managing Small Business Start-UpsChapter 06 Managing Small Business Start-Ups
Chapter 06 Managing Small Business Start-Ups
Rayman Soe
 
Business Risks
Business RisksBusiness Risks
Business Risks
NCVPS
 
Business Studies - Introduction
Business Studies - IntroductionBusiness Studies - Introduction
Business Studies - Introduction
Jamie Hutt
 
Operations management
Operations managementOperations management
Operations management
Sumit Singh
 
Forms of business ownership
Forms of business ownership Forms of business ownership
Forms of business ownership
Nat Johnson
 
02 The Cultural Environments Facing Business
02 The Cultural Environments Facing Business02 The Cultural Environments Facing Business
02 The Cultural Environments Facing Business
Brent Weeks
 
What Is A Business Model
What Is A Business ModelWhat Is A Business Model
What Is A Business Model
Alexander Osterwalder
 
Organisational information systems
Organisational information systemsOrganisational information systems
Organisational information systems
mrscjrobertson
 
The Living Company
The Living Company The Living Company
The Living Company
GMR Group
 
Daniels ib14inppt 02
Daniels ib14inppt 02Daniels ib14inppt 02
Daniels ib14inppt 02
Ayid Almgati
 
Chapter 8 strategic evaluation and control
Chapter 8 strategic evaluation and controlChapter 8 strategic evaluation and control
Chapter 8 strategic evaluation and control
Roshan Pant
 
Introduction to business 5th ed Chapter 3
Introduction to business 5th ed Chapter 3Introduction to business 5th ed Chapter 3
Introduction to business 5th ed Chapter 3
Henry Greijmans
 
Production and Operations Management- Chapters 1-8
Production and Operations Management- Chapters 1-8Production and Operations Management- Chapters 1-8
Production and Operations Management- Chapters 1-8vc_santos
 
Forms of ownership
Forms of ownershipForms of ownership
Forms of ownership
nonkululekoS
 
Introduction to Business Entities
Introduction to Business EntitiesIntroduction to Business Entities
Introduction to Business Entities
hamidjalal
 
Business size
Business sizeBusiness size
Business size
Guerillateacher
 
Strategic Management Slides - Chapter 4 "the Internal Assessment"
Strategic Management Slides - Chapter 4 "the Internal Assessment"Strategic Management Slides - Chapter 4 "the Internal Assessment"
Strategic Management Slides - Chapter 4 "the Internal Assessment"
Rabia Rajput
 
Introduction to business
Introduction to businessIntroduction to business
Introduction to business
Sohail Kakar
 
Sole Trader business ppt
Sole Trader business pptSole Trader business ppt
Sole Trader business pptshaundeewillis
 
Functional areas of business
Functional areas of businessFunctional areas of business
Functional areas of business
Eqbal Habibi
 
Operations management
Operations managementOperations management
Operations managementPrithvi Ghag
 
INTERNATIONAL BUSINESS Chapter 2
INTERNATIONAL BUSINESS Chapter 2INTERNATIONAL BUSINESS Chapter 2
INTERNATIONAL BUSINESS Chapter 2Pimsat University
 
Chapter 4 forms of a business organisation
Chapter 4 forms of a business organisationChapter 4 forms of a business organisation
Chapter 4 forms of a business organisation
yash gupta
 
Unit 2 forms of business ownership
Unit 2 forms of business ownershipUnit 2 forms of business ownership
Unit 2 forms of business ownership
Hijrat Tahir
 
Business plan for a new venture
Business plan for a new ventureBusiness plan for a new venture
Business plan for a new venture
Mahfuzur Rahman
 
Decision Making and Information Systems
Decision Making and Information SystemsDecision Making and Information Systems
Decision Making and Information Systems
Ariful Saimon
 
Ppt business risk
Ppt business riskPpt business risk
Ppt business riskChristine Donovan
 
Business activity unit_1
Business activity unit_1Business activity unit_1
Business activity unit_1
Patrick Rubix
 
Bm 1.2 Types Of Organizations
Bm 1.2 Types Of Organizations Bm 1.2 Types Of Organizations
Bm 1.2 Types Of Organizations
Mr. D. .
 

More Related Content

What's hot

Organisational information systems
Organisational information systemsOrganisational information systems
Organisational information systems
mrscjrobertson
 
The Living Company
The Living Company The Living Company
The Living Company
GMR Group
 
Daniels ib14inppt 02
Daniels ib14inppt 02Daniels ib14inppt 02
Daniels ib14inppt 02
Ayid Almgati
 
Chapter 8 strategic evaluation and control
Chapter 8 strategic evaluation and controlChapter 8 strategic evaluation and control
Chapter 8 strategic evaluation and control
Roshan Pant
 
Introduction to business 5th ed Chapter 3
Introduction to business 5th ed Chapter 3Introduction to business 5th ed Chapter 3
Introduction to business 5th ed Chapter 3
Henry Greijmans
 
Production and Operations Management- Chapters 1-8
Production and Operations Management- Chapters 1-8Production and Operations Management- Chapters 1-8
Production and Operations Management- Chapters 1-8vc_santos
 
Forms of ownership
Forms of ownershipForms of ownership
Forms of ownership
nonkululekoS
 
Introduction to Business Entities
Introduction to Business EntitiesIntroduction to Business Entities
Introduction to Business Entities
hamidjalal
 
Business size
Business sizeBusiness size
Business size
Guerillateacher
 
Strategic Management Slides - Chapter 4 "the Internal Assessment"
Strategic Management Slides - Chapter 4 "the Internal Assessment"Strategic Management Slides - Chapter 4 "the Internal Assessment"
Strategic Management Slides - Chapter 4 "the Internal Assessment"
Rabia Rajput
 
Introduction to business
Introduction to businessIntroduction to business
Introduction to business
Sohail Kakar
 
Sole Trader business ppt
Sole Trader business pptSole Trader business ppt
Sole Trader business pptshaundeewillis
 
Functional areas of business
Functional areas of businessFunctional areas of business
Functional areas of business
Eqbal Habibi
 
Operations management
Operations managementOperations management
Operations managementPrithvi Ghag
 
INTERNATIONAL BUSINESS Chapter 2
INTERNATIONAL BUSINESS Chapter 2INTERNATIONAL BUSINESS Chapter 2
INTERNATIONAL BUSINESS Chapter 2Pimsat University
 
Chapter 4 forms of a business organisation
Chapter 4 forms of a business organisationChapter 4 forms of a business organisation
Chapter 4 forms of a business organisation
yash gupta
 
Unit 2 forms of business ownership
Unit 2 forms of business ownershipUnit 2 forms of business ownership
Unit 2 forms of business ownership
Hijrat Tahir
 
Business plan for a new venture
Business plan for a new ventureBusiness plan for a new venture
Business plan for a new venture
Mahfuzur Rahman
 
Decision Making and Information Systems
Decision Making and Information SystemsDecision Making and Information Systems
Decision Making and Information Systems
Ariful Saimon
 

What's hot (20)

Organisational information systems
Organisational information systemsOrganisational information systems
Organisational information systems
 
The Living Company
The Living Company The Living Company
The Living Company
 
Daniels ib14inppt 02
Daniels ib14inppt 02Daniels ib14inppt 02
Daniels ib14inppt 02
 
Chapter 8 strategic evaluation and control
Chapter 8 strategic evaluation and controlChapter 8 strategic evaluation and control
Chapter 8 strategic evaluation and control
 
Introduction to business 5th ed Chapter 3
Introduction to business 5th ed Chapter 3Introduction to business 5th ed Chapter 3
Introduction to business 5th ed Chapter 3
 
Production and Operations Management- Chapters 1-8
Production and Operations Management- Chapters 1-8Production and Operations Management- Chapters 1-8
Production and Operations Management- Chapters 1-8
 
Forms of ownership
Forms of ownershipForms of ownership
Forms of ownership
 
Introduction to Business Entities
Introduction to Business EntitiesIntroduction to Business Entities
Introduction to Business Entities
 
Business size
Business sizeBusiness size
Business size
 
Strategic Management Slides - Chapter 4 "the Internal Assessment"
Strategic Management Slides - Chapter 4 "the Internal Assessment"Strategic Management Slides - Chapter 4 "the Internal Assessment"
Strategic Management Slides - Chapter 4 "the Internal Assessment"
 
Introduction to business
Introduction to businessIntroduction to business
Introduction to business
 
Sole Trader business ppt
Sole Trader business pptSole Trader business ppt
Sole Trader business ppt
 
Functional areas of business
Functional areas of businessFunctional areas of business
Functional areas of business
 
Operations management
Operations managementOperations management
Operations management
 
INTERNATIONAL BUSINESS Chapter 2
INTERNATIONAL BUSINESS Chapter 2INTERNATIONAL BUSINESS Chapter 2
INTERNATIONAL BUSINESS Chapter 2
 
Chapter 4 forms of a business organisation
Chapter 4 forms of a business organisationChapter 4 forms of a business organisation
Chapter 4 forms of a business organisation
 
Unit 2 forms of business ownership
Unit 2 forms of business ownershipUnit 2 forms of business ownership
Unit 2 forms of business ownership
 
Business plan for a new venture
Business plan for a new ventureBusiness plan for a new venture
Business plan for a new venture
 
Decision Making and Information Systems
Decision Making and Information SystemsDecision Making and Information Systems
Decision Making and Information Systems
 
Ppt business risk
Ppt business riskPpt business risk
Ppt business risk
 

Similar to What Do Businesses Do?

Business activity unit_1
Business activity unit_1Business activity unit_1
Business activity unit_1
Patrick Rubix
 
Bm 1.2 Types Of Organizations
Bm 1.2 Types Of Organizations Bm 1.2 Types Of Organizations
Bm 1.2 Types Of Organizations
Mr. D. .
 
Bm 1.1 What Is A Business
Bm 1.1 What Is A BusinessBm 1.1 What Is A Business
Bm 1.1 What Is A Business
Mr. D. .
 
Types of business
Types of businessTypes of business
Types of business
divinejoybacallan11
 
Standard Grade Business Management - Aims and Objectives of Business
Standard Grade Business Management - Aims and Objectives of BusinessStandard Grade Business Management - Aims and Objectives of Business
Standard Grade Business Management - Aims and Objectives of BusinessMusselburgh Grammar School
 
businessactivityunit1 54 slides.pptx
businessactivityunit1 54 slides.pptxbusinessactivityunit1 54 slides.pptx
businessactivityunit1 54 slides.pptx
AjeetBhatt5
 
businessactivityunit1 54 slides.pdf
businessactivityunit1 54 slides.pdfbusinessactivityunit1 54 slides.pdf
businessactivityunit1 54 slides.pdf
ajeetbhatt4
 
1.03 classify businesses (1)
1.03 classify businesses (1)1.03 classify businesses (1)
1.03 classify businesses (1)hcms21
 
Revisionstation AQA GCSE Business 3.1.1 The purpose of business PowerPoint
Revisionstation AQA GCSE Business 3.1.1 The purpose of business PowerPointRevisionstation AQA GCSE Business 3.1.1 The purpose of business PowerPoint
Revisionstation AQA GCSE Business 3.1.1 The purpose of business PowerPoint
Revisionstation
 
INTRODUCTION TO BUSINESS
INTRODUCTION TO BUSINESSINTRODUCTION TO BUSINESS
INTRODUCTION TO BUSINESS
Pratiksha Kalmegh
 
INTRODUCTION+-+RECORDING.pptx
INTRODUCTION+-+RECORDING.pptxINTRODUCTION+-+RECORDING.pptx
INTRODUCTION+-+RECORDING.pptx
GarenGasteru
 
Types of businesses
Types of businessesTypes of businesses
Types of businesses
Joseph Ticar
 
Business
BusinessBusiness
Business
Sonali Goswami
 
Business finance -nature and aims of business
Business finance -nature and aims of businessBusiness finance -nature and aims of business
Business finance -nature and aims of business
Felyn Denise Jover
 
Nature and purpose of business
Nature and purpose of businessNature and purpose of business
Nature and purpose of business
PRASANTH VENPAKAL
 
BUSINESS NOTES chapter -1
BUSINESS NOTES chapter -1 BUSINESS NOTES chapter -1
BUSINESS NOTES chapter -1
Neetugupta938815
 
What is Business.pdf
What is Business.pdfWhat is Business.pdf
What is Business.pdf
MdNayem35
 
Business Studies - Introduction
Business Studies - IntroductionBusiness Studies - Introduction
Business Studies - Introduction
Jamie Hutt
 
Business Studies - Introduction
Business Studies - IntroductionBusiness Studies - Introduction
Business Studies - Introduction
AbishekA5
 

Similar to What Do Businesses Do? (20)

Business activity unit_1
Business activity unit_1Business activity unit_1
Business activity unit_1
 
Bm 1.2 Types Of Organizations
Bm 1.2 Types Of Organizations Bm 1.2 Types Of Organizations
Bm 1.2 Types Of Organizations
 
Bm 1.1 What Is A Business
Bm 1.1 What Is A BusinessBm 1.1 What Is A Business
Bm 1.1 What Is A Business
 
Types of business
Types of businessTypes of business
Types of business
 
Standard Grade Business Management - Aims and Objectives of Business
Standard Grade Business Management - Aims and Objectives of BusinessStandard Grade Business Management - Aims and Objectives of Business
Standard Grade Business Management - Aims and Objectives of Business
 
businessactivityunit1 54 slides.pptx
businessactivityunit1 54 slides.pptxbusinessactivityunit1 54 slides.pptx
businessactivityunit1 54 slides.pptx
 
businessactivityunit1 54 slides.pdf
businessactivityunit1 54 slides.pdfbusinessactivityunit1 54 slides.pdf
businessactivityunit1 54 slides.pdf
 
1.03 classify businesses (1)
1.03 classify businesses (1)1.03 classify businesses (1)
1.03 classify businesses (1)
 
Revisionstation AQA GCSE Business 3.1.1 The purpose of business PowerPoint
Revisionstation AQA GCSE Business 3.1.1 The purpose of business PowerPointRevisionstation AQA GCSE Business 3.1.1 The purpose of business PowerPoint
Revisionstation AQA GCSE Business 3.1.1 The purpose of business PowerPoint
 
INTRODUCTION TO BUSINESS
INTRODUCTION TO BUSINESSINTRODUCTION TO BUSINESS
INTRODUCTION TO BUSINESS
 
INTRODUCTION+-+RECORDING.pptx
INTRODUCTION+-+RECORDING.pptxINTRODUCTION+-+RECORDING.pptx
INTRODUCTION+-+RECORDING.pptx
 
Types of businesses
Types of businessesTypes of businesses
Types of businesses
 
Business
BusinessBusiness
Business
 
Business finance -nature and aims of business
Business finance -nature and aims of businessBusiness finance -nature and aims of business
Business finance -nature and aims of business
 
Nature and purpose of business
Nature and purpose of businessNature and purpose of business
Nature and purpose of business
 
BUSINESS NOTES chapter -1
BUSINESS NOTES chapter -1 BUSINESS NOTES chapter -1
BUSINESS NOTES chapter -1
 
Bos
BosBos
Bos
 
What is Business.pdf
What is Business.pdfWhat is Business.pdf
What is Business.pdf
 
Business Studies - Introduction
Business Studies - IntroductionBusiness Studies - Introduction
Business Studies - Introduction
 
Business Studies - Introduction
Business Studies - IntroductionBusiness Studies - Introduction
Business Studies - Introduction
 

More from Musselburgh Grammar School

Standard Grade Business Management - Information and Communication Technology
Standard Grade Business Management - Information and Communication TechnologyStandard Grade Business Management - Information and Communication Technology
Standard Grade Business Management - Information and Communication TechnologyMusselburgh Grammar School
 
Standard Grade Business Management - Operations
Standard Grade Business Management - OperationsStandard Grade Business Management - Operations
Standard Grade Business Management - OperationsMusselburgh Grammar School
 
Standard Grade Business Management - Human Resources
Standard Grade Business Management - Human ResourcesStandard Grade Business Management - Human Resources
Standard Grade Business Management - Human ResourcesMusselburgh Grammar School
 
Standard Grade Business Management - What is a Successful Business?
Standard Grade Business Management - What is a Successful Business?Standard Grade Business Management - What is a Successful Business?
Standard Grade Business Management - What is a Successful Business?Musselburgh Grammar School
 
Standard Grade Business Management - Why Do Businesses Fail?
Standard Grade Business Management - Why Do Businesses Fail?Standard Grade Business Management - Why Do Businesses Fail?
Standard Grade Business Management - Why Do Businesses Fail?Musselburgh Grammar School
 
Standard Grade Business Management - Business Location
Standard Grade Business Management - Business LocationStandard Grade Business Management - Business Location
Standard Grade Business Management - Business LocationMusselburgh Grammar School
 
Standard Grade Business Management - How Do Businesses Start?
Standard Grade Business Management - How Do Businesses Start?Standard Grade Business Management - How Do Businesses Start?
Standard Grade Business Management - How Do Businesses Start?Musselburgh Grammar School
 
Standard Grade Business Management - Business Organisation
Standard Grade Business Management - Business OrganisationStandard Grade Business Management - Business Organisation
Standard Grade Business Management - Business OrganisationMusselburgh Grammar School
 
Standard Grade Business Management - Business Growth
Standard Grade Business Management - Business GrowthStandard Grade Business Management - Business Growth
Standard Grade Business Management - Business GrowthMusselburgh Grammar School
 
Standard Grade Business Management - Stakeholders
Standard Grade Business Management - StakeholdersStandard Grade Business Management - Stakeholders
Standard Grade Business Management - StakeholdersMusselburgh Grammar School
 
Standard Grade Administration - Arranging and Paying for Travel
Standard Grade Administration - Arranging and Paying for TravelStandard Grade Administration - Arranging and Paying for Travel
Standard Grade Administration - Arranging and Paying for TravelMusselburgh Grammar School
 
Standard Grade Administration - Storage and Retrieval of Information
Standard Grade Administration - Storage and Retrieval of InformationStandard Grade Administration - Storage and Retrieval of Information
Standard Grade Administration - Storage and Retrieval of InformationMusselburgh Grammar School
 
Standard Grade Administration - Reception Services
Standard Grade Administration - Reception ServicesStandard Grade Administration - Reception Services
Standard Grade Administration - Reception ServicesMusselburgh Grammar School
 
Standard Grade Administration - Safe Working Practices and Procedures
Standard Grade Administration - Safe Working Practices and ProceduresStandard Grade Administration - Safe Working Practices and Procedures
Standard Grade Administration - Safe Working Practices and ProceduresMusselburgh Grammar School
 
Standard Grade Administration - Functions of Departments
Standard Grade Administration - Functions of DepartmentsStandard Grade Administration - Functions of Departments
Standard Grade Administration - Functions of DepartmentsMusselburgh Grammar School
 
Standard Grade Administration - Organisational Structure
Standard Grade Administration - Organisational StructureStandard Grade Administration - Organisational Structure
Standard Grade Administration - Organisational StructureMusselburgh Grammar School
 

More from Musselburgh Grammar School (20)

Standard Grade Business Management - Information and Communication Technology
Standard Grade Business Management - Information and Communication TechnologyStandard Grade Business Management - Information and Communication Technology
Standard Grade Business Management - Information and Communication Technology
 
Standard Grade Business Management - Operations
Standard Grade Business Management - OperationsStandard Grade Business Management - Operations
Standard Grade Business Management - Operations
 
Standard Grade Business Management - Human Resources
Standard Grade Business Management - Human ResourcesStandard Grade Business Management - Human Resources
Standard Grade Business Management - Human Resources
 
Standard Grade Business Management - What is a Successful Business?
Standard Grade Business Management - What is a Successful Business?Standard Grade Business Management - What is a Successful Business?
Standard Grade Business Management - What is a Successful Business?
 
Standard Grade Business Management - Why Do Businesses Fail?
Standard Grade Business Management - Why Do Businesses Fail?Standard Grade Business Management - Why Do Businesses Fail?
Standard Grade Business Management - Why Do Businesses Fail?
 
Standard Grade Business Management - Business Location
Standard Grade Business Management - Business LocationStandard Grade Business Management - Business Location
Standard Grade Business Management - Business Location
 
Standard Grade Business Management - Finance
Standard Grade Business Management - FinanceStandard Grade Business Management - Finance
Standard Grade Business Management - Finance
 
Standard Grade Business Management - How Do Businesses Start?
Standard Grade Business Management - How Do Businesses Start?Standard Grade Business Management - How Do Businesses Start?
Standard Grade Business Management - How Do Businesses Start?
 
Standard Grade Business Management - Business Organisation
Standard Grade Business Management - Business OrganisationStandard Grade Business Management - Business Organisation
Standard Grade Business Management - Business Organisation
 
Standard Grade Business Management - Business Growth
Standard Grade Business Management - Business GrowthStandard Grade Business Management - Business Growth
Standard Grade Business Management - Business Growth
 
Standard Grade Business Management - Stakeholders
Standard Grade Business Management - StakeholdersStandard Grade Business Management - Stakeholders
Standard Grade Business Management - Stakeholders
 
Different Types of Business Organisation
Different Types of Business OrganisationDifferent Types of Business Organisation
Different Types of Business Organisation
 
Standard Grade Administration - Arranging and Paying for Travel
Standard Grade Administration - Arranging and Paying for TravelStandard Grade Administration - Arranging and Paying for Travel
Standard Grade Administration - Arranging and Paying for Travel
 
Standard Grade Administration - Storage and Retrieval of Information
Standard Grade Administration - Storage and Retrieval of InformationStandard Grade Administration - Storage and Retrieval of Information
Standard Grade Administration - Storage and Retrieval of Information
 
Standard Grade Administration - The Mail Room
Standard Grade Administration - The Mail RoomStandard Grade Administration - The Mail Room
Standard Grade Administration - The Mail Room
 
Standard Grade Administration - Reception Services
Standard Grade Administration - Reception ServicesStandard Grade Administration - Reception Services
Standard Grade Administration - Reception Services
 
Standard Grade Administration - Safe Working Practices and Procedures
Standard Grade Administration - Safe Working Practices and ProceduresStandard Grade Administration - Safe Working Practices and Procedures
Standard Grade Administration - Safe Working Practices and Procedures
 
Standard Grade Administration - Office Layout
Standard Grade Administration - Office LayoutStandard Grade Administration - Office Layout
Standard Grade Administration - Office Layout
 
Standard Grade Administration - Functions of Departments
Standard Grade Administration - Functions of DepartmentsStandard Grade Administration - Functions of Departments
Standard Grade Administration - Functions of Departments
 
Standard Grade Administration - Organisational Structure
Standard Grade Administration - Organisational StructureStandard Grade Administration - Organisational Structure
Standard Grade Administration - Organisational Structure
 

Recently uploaded

The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
Workforce Group
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
Sam H
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024 .pdfBeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024 .pdf
DerekIwanaka1
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).pptENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
zechu97
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
Ben Wann
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
Lviv Startup Club
 
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraTata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Avirahi City Dholera
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
What is the TDS Return Filing Due Date for FY 2024-25.pdf
What is the TDS Return Filing Due Date for FY 2024-25.pdfWhat is the TDS Return Filing Due Date for FY 2024-25.pdf
What is the TDS Return Filing Due Date for FY 2024-25.pdf
seoforlegalpillers
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
BBPMedia1
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
Falcon Invoice Discounting
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
seri bangash
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
Ben Wann
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
awaisafdar
 

Recently uploaded (20)

The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024 .pdfBeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024 .pdf
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).pptENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
 
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraTata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
What is the TDS Return Filing Due Date for FY 2024-25.pdf
What is the TDS Return Filing Due Date for FY 2024-25.pdfWhat is the TDS Return Filing Due Date for FY 2024-25.pdf
What is the TDS Return Filing Due Date for FY 2024-25.pdf
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
 

What Do Businesses Do?

  • 1. WHAT DO BUSINESSES DO? UNIT 1.1
  • 2. Look out for the  ... This means you have to DO SOMETHING!
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10. Size of Business Businesses may be described as Small , Medium or Large
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16. Type of Product Another category is based on what is made ...
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31.
  • 32.
  • 33.
  • 34.
  • 35. Chain of Production The process of making goods, where raw materials are turned into final products. INPUTS Raw Materials (Money, Premises, People) PROCESS Manufacturing stages OUTPUTS Finished Goods (sold on to customers) At every stage in the production process, value is added, eg a house is worth more than the bricks and plaster it started out as.
  • 36.