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INTRODUCTION TO BUSINESS STUDIES

INTRODUCTION TO BUSINESS STUDIES. BUSINESS. Business Studies Year 7. Write the names of five businesses. Write down five ways people make money. INTRODUCTION TO BUSINESS STUDIES. LESSON OBJECTIVES. To understand the meaning of business. To be able to define Business Studies.

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INTRODUCTION TO BUSINESS STUDIES

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  1. INTRODUCTION TO BUSINESS STUDIES BUSINESS Business Studies Year 7

  2. Write the names of five businesses.

  3. Write down five ways people make money.

  4. INTRODUCTION TO BUSINESS STUDIES

  5. LESSON OBJECTIVES To understand the meaning of business. To be able to define Business Studies. To understand why pupils may need to study Business Studies.

  6. Lesson Outcomes • All should be able to give examples of businesses in their environment. • Most of the pupils will be able to explain the meaning of Business Studies. • Some pupils can determine the relevance of Business Studies in their future careers.

  7. What is a business?

  8. BUSINESS Business means continuous production and distribution of goods and services with the aim of earning profits under uncertain market conditions.

  9. Activity Mention five businesses that people do but which are not approved by law.

  10. Meaning of Business Studies Identify the types of business shown on the other side.

  11. INCOME Examples of Incomes which may be gained: • Salary • Wages • Commission • Bonus

  12. Business Name five activities that may bring income to an individual.

  13. Business Studies • The study of business is about how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers.

  14. Explain 3 reasons why studying of business studies is important

  15. Importance of Business Studies • It teaches us effective business skills i.e. how to earn, manage and invest resources. • It provides us with basic understanding of various activities of businesses. • It teaches us how we can be our own boss. • It enables to know more about office procedures and practices such as interpersonal communication, public relations, record keeping etc.

  16. Career prospects for a Business Studies student Opportunities open to someone who has done Business Studies abound in many organisations such as financial institutions, government agencies, research institutions, educational institutions etc. as

  17. Careers • accountants • marketing executives • administrative officers • financial consultants/advisors • insurance executives • business studies teachers/lecturers • stock brokers • entrepreneurs etc

  18. Home work • Identify and explain ten business activities that are lawful and which may bring income to an individual. ASSESSMENT CRITERIA • 1 mark for each business activity identified • 1 mark for each point explained Homework to be submitted on the 15th of September to bayokola@yahoo.com

  19. www.businesscasestudies.co.uk (the Times 100) • www.bized.co.uk • www.tutor2u.net • www.bbc.co.uk/schools/gcsebitesize/business

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