Business - 9225 OxfordAQA

The Purpose And Nature Of Businesses

Aperçu

A woman in Accra notices that the office workers on her street queue for twenty minutes at lunchtime and still go back to their desks hungry. Six weeks later she is renting a unit, employing two cooks and selling four hundred meals a day. A shipping company in Rotterdam moves the flour she buys. A farmer in Kansas grew the wheat. None of the three has ever met the other two, and yet the meal on that desk needed all of them. That chain, and the decision that started it, is what this whole course is about.

In this lesson you will pin down what a business actually is and what its purpose really is, which is not the answer most people give first. You will meet the four factors of production and the reward each one earns, learn to sort any business into the primary, secondary or tertiary sector and explain why the three sectors depend on each other, and work out what makes someone an entrepreneur rather than simply an employee with ideas. You will finish with the single most examinable idea in the whole section: that the world a business trades in will not sit still for it.

Objectifs

  1. Purpose of business.
  2. Reasons for starting a business.
  3. Basic functions and types of business.
  4. Business enterprise and entrepreneurship.
  5. Dynamic nature of business.

Carte mentale

Ce theme est schematise pour montrer comment les idees se relient.

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Note de cours

Start with the woman in Accra. Before she opened, the demand was already there: hundreds of people who wanted a hot lunch, at a price they could afford, close enough to eat and be back at a desk inside an hour. Nobody was meeting it. The cooks were available for hire, units were available to rent, cookers were available to buy. What was missing was somebody willing to put those three things together and carry the loss if the idea turned out to be wrong.

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Évaluation de la leçon

Félicitations, vous avez terminé la leçon sur The Purpose And Nature Of Businesses. Maintenant que vous avez exploré le concepts et idées clés, il est temps de mettre vos connaissances à lépreuve. Cette section propose une variété de pratiques des questions conçues pour renforcer votre compréhension et vous aider à évaluer votre compréhension de la matière.

Vous rencontrerez un mélange de types de questions, y compris des questions à choix multiple, des questions à réponse courte et des questions de rédaction. Chaque question est soigneusement conçue pour évaluer différents aspects de vos connaissances et de vos compétences en pensée critique.

Utilisez cette section d'évaluation comme une occasion de renforcer votre compréhension du sujet et d'identifier les domaines où vous pourriez avoir besoin d'étudier davantage. Ne soyez pas découragé par les défis que vous rencontrez ; considérez-les plutôt comme des opportunités de croissance et d'amélioration.

  1. Which one of the following is the main purpose of business activity? A. Allowing entrepreneurs to become wealthy B. Creating employment for a country C. Satisfying the needs and wants of consumers D. Using up a country's raw materials Answer: C
  2. Which one of the following is a factor of production? A. Capital B. Competition C. Profit D. Revenue Answer: A
  3. Which one of these business activities operates in the secondary sector? A. Growing coffee beans B. Roasting and packing coffee beans C. Serving coffee in a cafe D. Transporting coffee to a port Answer: B
  4. A baker can use her last sack of flour to make either 60 loaves or 200 bread rolls. She makes the loaves. What is the opportunity cost of her decision? A. The 200 bread rolls B. The 60 loaves C. The cost of the sack of flour D. Both the rolls and the flour Answer: A
  5. Which one of the following is a reward earned by the factor of production called capital? A. Interest B. Profit C. Rent D. Wages Answer: A

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Livres recommandés

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Description: A working account of how new businesses test an idea cheaply before committing money to it. Read it for the enterprise, business planning and risk parts of the course, where the examiner wants judgement about an uncertain decision rather than a memorised list.

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