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Topics we have covered in Unit 2: The Functions of Business

Topics we have covered in Unit 2: The Functions of Business. Production. Factors of Production The Production Process Improving Productivity. Human Resources. The Labour Market Determining the Need for a New Employee Looking for the Right Employee

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Topics we have covered in Unit 2: The Functions of Business

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  1. Topics we have covered in Unit 2: The Functions of Business

  2. Production • Factors of Production • The Production Process • Improving Productivity

  3. Human Resources • The Labour Market • Determining the Need for a New Employee • Looking for the Right Employee • The Application Process and the Interview • Job Training • Keeping Good Employees • Departures, Dismissals, Retirements • Compensation • Health & Safety • Key Employability Skills • Rights of the Employee / Employer

  4. Marketing • Role of Marketing • Branding • Product Life Cycle • Non-traditional PLCs • Four Ps of Marketing • 2 Cs of Marketing • Types of Advertising • Marketing Research

  5. Accounting • Accounting Equation (Balance Sheet Equation) • Assets • Liabilities • Equity (Net Worth) • Preparing Financial Statements • Balance Sheet • Income Statement

  6. Management • Functions of Management • Managing Resources • Leadership Styles • Ethical Behaviour & Management • Teamwork in Companies

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