Business - 9225 OxfordAQA

The Purpose And Nature Of Businesses

Akopọ

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.

Awọn Afojusun

  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.

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Akọ̀wé Ẹ̀kọ́

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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Oriire fun ipari ẹkọ lori The Purpose And Nature Of Businesses. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.

Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.

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  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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