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

The role of entrepreneurship (and entrepreneur) and intrapreneurship (and intrapreneur) in overall business activity AO3

AO3 You need to be able to: Demonstrate synthesis and evaluation. Command terms these terms require you to rearrange component ideas into a new whole and make judgments based on evidence or a set of criteria. Compare,  Compare and contrast, Contrast, Discuss, Evaluate, Examine, Justify, Recommend, To what extent

Business Organisation and Environment

Remember what a business is?

Factors of Poduction Land metals, crops, Fossil fuels

Creating output Manufacturing Service delivery

Distribution Goods Services

Entrepreneur (Rewarded with profit) - the organiser of the factors of production, risk-taker, innovator rewarded with profits and associated with small business as the owner.

Intrapreneur - same functions as above but within a large corporate company (so not the owner) emphasis on innovation and R and D.
See Page 12 for more detail


 Reasons for starting up a business or an enterprise AO2

AO2 You need to be able to: Demonstrate application and analysis of knowledge and understanding Command Terms: These terms require students to use their knowledge and skills to break down ideas into simpler parts and to see how the parts relate: Analyse, Apply, Comment, Demonstrate, Distinguish, Explain, Interpret, Suggest

5 most quoted reasons:

1. You are your own boss

2. You get to do what you’re interested in

3. Your business = your deadlines

4. Your reward is profit

5. The big dream really can become reality

Say which of these reasons appeals to you the most: Is there a different reason that would appeal to you?

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