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Unit 1.1 What do businesses do?
Needs and Wants ,[object Object],[object Object]
Goods and Services ,[object Object],[object Object],[object Object],[object Object]
Business Size ,[object Object],[object Object],[object Object]
Business Size Employees: 250 + Employees: 50-250 Employees: <= 50 Sells locally, nationally and internationally Reaches locally and/or nationally Sells goods locally Owned by shareholders; run by directors Owned by a group of people Owned by sole trader or partnership Large Business Medium-Sized Business Small Business
Business Sectors ,[object Object],[object Object],[object Object]
Private Sector ,[object Object],[object Object],[object Object]
Public Sector ,[object Object],[object Object],[object Object]
Voluntary Sector ,[object Object],[object Object]
Types of Ownership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sole Trader ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Features of Sole Trader ,[object Object],[object Object],[object Object],[object Object],[object Object]
Sole Trader ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Partnership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Features of Partnership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Partnership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Private Limited Company ,[object Object],[object Object],[object Object]
Features of Private Limited Companies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Private Limited Company ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Public Limited Company ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Features of plcs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Advantages & Disadvantages of PLCs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Charities ,[object Object],[object Object],[object Object],[object Object]
Charities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Franchise ,[object Object],[object Object],[object Object]
Franchise ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Co-operative ,[object Object]
Co-operative ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Government Owned ,[object Object],[object Object],[object Object]
Central Government ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Provides services to public for nothing or a fee. NHS is paid for by tax ( income tax , VAT, National Insurance )
Local Government ,[object Object],[object Object],[object Object],[object Object],Run by local councils providing a variety of vital services to the area ( police, fire, roads, libraries ). Can be done by local council or contracted out .
Public Corporations Set up by an Act of Parliament and directors appointed by the Government. Very rare. ( BBC, Post Office, Bank of England)
Public Sector Organisations ,[object Object],[object Object],[object Object],[object Object],[object Object]
Public Corporations ,[object Object],[object Object],[object Object],[object Object],[object Object]
Privatisation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Factors of Production ,[object Object],[object Object],[object Object],[object Object]
Types of Production ,[object Object],[object Object],[object Object]
Primary Sector ,[object Object],[object Object],[object Object],[object Object],[object Object]
Secondary Sector ,[object Object],[object Object],[object Object],[object Object],[object Object]
Tertiary Sector ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Production Chain ,[object Object],[object Object]
Creating Wealth ,[object Object],[object Object]

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Unit 1.1 Slides

  • 1. Unit 1.1 What do businesses do?
  • 2.
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  • 5. Business Size Employees: 250 + Employees: 50-250 Employees: <= 50 Sells locally, nationally and internationally Reaches locally and/or nationally Sells goods locally Owned by shareholders; run by directors Owned by a group of people Owned by sole trader or partnership Large Business Medium-Sized Business Small Business
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  • 32. Public Corporations Set up by an Act of Parliament and directors appointed by the Government. Very rare. ( BBC, Post Office, Bank of England)
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