Skip to main content

1.1 Nature of business activity - notes

Unit 1 Business.png

This section looks at the nature of business activity, 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.

\\10.10.9.2\file server\TripleA\Design\icons\small\core.gif

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

\\10.10.9.2\file server\TripleA\Design\icons\small\hl_start.gif

  • Analyse the impact of changes in economic structure on business activity