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Unit 1: Business activity
Unit 1.1: Scarcity and opportunity cost
This page contains notes and lesson activities to cover unit 1.1, the concepts of wants, needs, scarcity and opportunity cost plus the importance of specialisation. Lesson time: 60 minutes Lesson objectives:...
Unit 1: Business activity
Unit 1.1: The purpose and nature of business activity
This page contains notes and lesson activities to cover unit 1.1, the purpose and nature of business activity and includes activities on the concept of added value and how this can be increased. The key...
Unit 1: Business activity
Unit 1.1: Purpose of business revision sheet
A business is an organisation that provides ________________, which are tangible, and/or ______________, which are intangible, for their customers to buy to satisfy their needs and _____________. Most...
Unit 1: Business activity
Unit 1.2: Classification of business
This page includes notes and activities for Unit 1.2, which focuses on classifying businesses within the public and private sectors. The unit begins with examples from the primary, secondary, and tertiary...
Unit 1: Business activity
Unit 1.3: Business size
This page focusses on the methods and problems of measuring business size and considers why some businesses grow while others remain small and finally, why some (new or established) businesses fail? The...
Unit 1: Business activity
Unit 1.3: Enterprise and business growth
When thinking of entrepreneurs many of you will think of individuals running large and successful corporations, such as the man on the right. In reality, many entrepreneurs are small business people that...
Unit 4: Operations
Unit 4.1: Production of goods and services
This lesson focusses on the meaning of the term production, including the difference between production and productivity and the concept of lean production. Lesson time: 95 minutes Lesson objectives:...
Unit 1: Business activity
Unit 1: Business activity Free
Unit 1 begins the underlying ideas and concepts of business and asks the question, why do businesses exist? Is it just about making profit or are there other motivating factors that drive entrepreneurship?...
Unit 4: Operations
Unit 4.2: How technology has changed and is changing production methods
This lesson focusses on how technology has changed and is changing production methods, e.g. using computers in design and manufacturing. Lesson time: 50 minutes Lesson objectives: This lesson looks at...
Unit 4: Operations
Unit 4.3: Sustainable production of goods and services
This lesson focusses on different methods of sustainable production of goods and services and how businesses can be more sustainable e.g. using renewable energy, using fewer resources / less waste, reusing,...