GCSE AQA Business 3.1.1 The purpose and nature of businesses (only)
GCSE AQA BUSINESS
Just one lesson - 3.1.1 The purpose and nature of businesses (only)
This lesson includes:
- Teacher PowerPoint
- Student PowerPoint (to upload to a shared drive)
- Student worksheet in Word (so you can edit it)
- Worksheet in PDF (so it will behave itself in a printer)
This lesson covers:
1.The purpose of business
2.Reasons for starting a business
3.Basic functions and types of business
•Goods and services
•Needs and wants
•Factors of production
•Opportunity cost
•Three main business sectors
4.Business enterprise and entrepreneurship
•Characteristics of am entrepreneur
•Objectives of an entrepreneur
5.Dynamic nature of business
From the specification:
Students should be able to:
• understand what a business is and the reasons for starting a business (including producing goods, supplying services, distributing products, fulfilling a business opportunity and providing a good or service to benefit others)
• understand the difference between goods and services, needs and wants
• understand the meaning of factors of production – land, labour, capital, enterprise
• define opportunity cost
• define the three sectors of primary, secondary and tertiary and give examples of types of
business that operate in each sector
• understand the term enterprise and what is meant by an entrepreneur
• outline the characteristics of an entrepreneur, such as hard working, innovative, organised and willingness to take a risk
• outline the objectives of an entrepreneur, including to be their own boss, flexible working
hours, to pursue an interest, earn more money, identify a gap in the market and dissatisfaction with current job
• understand that businesses face a constantly changing business environment due to changes in technology, economic situation, legislation and environmental expectations.
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