1 Business Organisation and Environment

Table of Contents

1. Topic pack - introduction
2. 1.1 Nature of business activity - notes
   1. The nature of business
   2. What is a business?
   3. Inputs: Factors of production
   4. Processes: Business functions
   5. Outputs: Goods and services
   6. Sectors of the economy
3. 1.1 Nature of business activity - questions
4. 1.2 Types of organisation - notes
5. 1.2 Types of organisation - questions
6. 1.3 Organisational objectives - notes
7. 1.3 Organisational objectives - questions
8. 1.4 Stakeholders - notes
9. 1.4 Stakeholders - questions
10. 1.5 External environment - notes
11. 1.5 External environment - questions
12. 1.5 External environment - simulations and activities
13. 1.6 Organisational planning tools - notes
14. 1.6 Growth and evolution - notes
15. 1.7 Growth and evolution - questions
16. 1.7 Growth and evolution - simulations and activities
17. 1.6 Change (HL only) - notes
18. 1.9 Globalisation - notes
19. 1.9 Globalisation - questions
20. Print View

1.1 The role of business in producing goods and services

A simple way to view a manufacturing business is:

Factors of production           Making the product or service       Selling the product or service

This section looks at what business activity is, what a business does and how it does it. It examines the functions/departments of a business and the inputs used to create goods and services.

By the end of this section you should be able to:

• Identify inputs, outputs and processes of a business
• Describe the various business functions and explain their role
• Explain the nature of business activity in different sectors: primary, secondary and tertiary