Introduction to Business and Business Activity notes
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This page gathers over 50 notes on business basics, stakeholders, revenue and costs. It is for school students practising business concepts and teachers seeking ready-made material, with some notes for university students. Browse the notes and choose a topic to revise.
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- Role and purpose of business69
- Needs, wants and the economic problem30
- Factors of production and the production chain67
- Added value16
- Business sectors102
- Enterprise and entrepreneurship63
- Types of businesses and business ownership94
- Business functions and departments42
- Business aims and objectives108
- Business stakeholders235
- Business growth and failure9
- Marketing and customer service20
- Business environment and ethics23
Notes
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Chapter 1 - Introduction to People in Business [Notes] 1. Business [DEFINITION] Business: Any organisation set up to provide goods or services. [DEFINITION] Commercial Business: A business which provides goods and service...
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Business Studies - HSC Course - created from Mind Map Operations 30 hrs Roles of operations management Influences Operations processes Operations Strategies Marketing 30 hrs role of marketing influence on marketing marketing process marketing strategies Human Resources 3...
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Untitled Foundation Business Studies (I) Enterprise: What is meant by the terms "enterprise" and "entrepreneurs". What is meant by risk. What are the importance of risk and rewards such as profit. The motives for...
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Business Revision What is business organisation? an organisation that provides goods and services. Goods and Services: Goods: physical products such as a smartphone. Services: non-physical products such as banking, car washing. ...
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1102AFE Notes The Five-Step Decision Making Model Natural sequence of thought to make not only big descisions but a whole range of small decisions in the daily life, which may have cumulative effects. Define/identify the objective ...
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McDonald's - created from Mind Map Bussimess Fundamentals Functions of Business Entrepreneurship and Business Ethics
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Equations and Definitions Equations Revenue- Price x QuantityTotal Costs- Fixed Costs + Variable CostsProfit or Lose- Total revenue-Total CostsClosing Balance- net cash flow + opening balanceTotal receipts- Total costs + profitProductivity- To...
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Understanding the nature and purpose of business_1 - created from Mind Map A business is an organisation that is set up to provide a product or service to its customers. An entrepeneur is an individual who has an idea for a business. They may want to escape an uninteresting job, work from ho...
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Understanding the nature and purpose of business_1 - created from Mind Map_1 A business is an organisation that is set up to provide a product or service to its customers. An entrepeneur is an individual who has an idea for a business. They may want to escape an uninteresting job, work from ho...
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What is Business? The nature and purpose of business Why businesses existBusinesses transform inputs into outputs which they can sell on as products or services. This brings many benefits to a country: Employment - businesses employ pe...
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Enterprise Vocab.: Consumer goods: the physical and tangible goods sold to the general public-they include durable consumer goods, such as cars and washing machine, and non-durable consumer goods, such as food, drinks and sweets...
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What is business: business is expressed in 3 different forms:-commerce-occupation-organization-system Business in Commerce: is the process were people produces, exchanges and trades goods and services. Business as an occupation: specia...
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Notes for AQA AS Business Studies Chapter 1 Understanding the nature and purpose of business AQA Business for AS Chapter 1 Understanding the nature and purpose of business Learning Objective: To know why businesses exist. &nb...
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Unit 1: Key Words Unit 1: Key Words Need- a good or services essential for living Want- good or services which people would like to have, but is not essential for living Economic problem- unlimited wants but limited resources to produc...
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Untitled TOPIC 1profit margin-difference between revenue and the cost for each item soldmission-aims of long term intentionsmission statement-statement of aims to motivate employees and convince stakeholders of commitmentbusin...
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Stakeholders Stakeholders Stakeholders are individuals and organisations that are affected by actions, objectives and policies of a business The main stakeholders in a business are: Entrepreneur Investor Employer Employee Pr...
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Business notes WHAT IS A BUSINESS? A business is any organisation that uses resources to meet the needs of customers by providing a product or service that they demand. Not for profit organisations are classified as busin...
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What is Business? - created from Mind Map External Influences Types of Ownership Share Price
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Business CHAPTER 1 Needs and wants (factors of production & division of labour) Needs (Necessary for living) ...
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Business Revision 1.2 - created from Mind Map Market Segmentation Percentage change Social media marketing
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PRIMER EXAMEN BUSSINES THE ROLE OF A BUSINESS BUSINESS IDENTIFY THE NEEDS OF CONSUMERS OR OTHER FIRMS. THEY THEN PURCHASE RESOURCES ,WICH ARE THE IMPUTS OF THE BUSINESS, OR FACTORS OF PRODUCTION, IN ORDER TO PRODUCE THE OUTPUT. THE OUTPUTS ...
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Section 1: BUSINESS ESSENTIALS Why businesses exist Businesses exist to provide goods or services to customers. Business objectives 1. The most important objective/aim is to make a profit in order to survive. if a business does not make a pr...
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Business Chapter 1 - created from Mind Map Business- Any legal activity whose main aim is to earn profit Needs- Goods or services that humans cannot live without The Economic Problem- When there are unlimited wants but limited resources, resulting in scarcity
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Stake holders in a business STAKE HOLDERS IN A BUSINESS"A stake holder is anyone with an interest in a business, e.g. investors, employees, pressure groups, customers, suppliers, managers, etc."All stake holders are interested in the business fo...
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Untitled Key business functions . human resources management .financial management .operations management .marketing management .information management risk management HUMAN RESOURCES ...
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Untitled 1️⃣ Business Organizations Know what they are + 2 pros + 2 cons. Sole Proprietorship one owner 👍 easy to start, keeps all profit 👎 unlimited liability, hard to raise money &nb...
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Specification Content Understanding the nature and purpose of business Why businesses exist - business objectives including; profit, growth, survivial, cash flow, social and ethical objectives The relationship between mission and objective...
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1ST YEAR BUSINESS JUNIOR CYCLE 2019
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Business Activity - created from Mind Map What is Business Activity? Needs & Wants Goods & Services Tangible / Intangible Durable / Non-Durable
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Untitled chapter 1 changes in sector importance De-Industrialization occurs when there is a decline in the importance of the secondary sector/manufacturing sector. many developed economies such as the uk and other develop...
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H&M - created from Mind Map Unit 4: Entrepreneurship and Business Ethics Unit 1: Business Fundamentals Unit 3: Finance
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Untitled classification of business/stages of economic activity primary sector of industry extracts and uses natural resources of the earth to produce raw materials used by other businesses. secondary sector manufactures goods...
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business management - created from Mind Map 1.1 1.2 1.3
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My Top 10 Takeaways From Comm 101 - created from Mind Map Accounting Positioning Innovation
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Untitled Burbidges Functional AreasMarketing:Marketing in Burbidges is how they decide to get their message across to the public whether its about a offer they have on or if it a new product. Burbidges have tried many differen...
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Business - creado desde un Mapa Mental An organization that uses resources to meet the needs of costumers sectors Main Functions
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Concept of Functional Areas - created from Mind Map Public Relations (PR) Administrative Human Resource (HR)
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Business - Unit 1 Nature and purpose of business: A business is an organisation that turns inputs into outputs through selling a product or service to a customer. A good is a physical product A service is an intangi...
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What is business activity? - Short notes 1. Goods and Services. A business is an organization that provides goods and services. Business activities involve: producing output, consuming goods and services, making profits, etc. There are two types of goods and...
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Exam Question p. 5 Q1: "Prawn Free sells salmon fishcakes. Analyse how a drop in salmon supplies might affect their supply chain" (10 marks)In the supply chain, all businesses are dependent on the suppliers. Therefore, a drop in salmon ...
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About introduction to business and business activity notes
GoConqr OriginalIntroduction to Business and Business Activity notes
The notes on this page cover what businesses do, the people with an interest in them, and terms used to describe business activity. They also include equations for revenue, costs and profit. Some notes were created from mind maps, while others set out definitions or specification content.
How to use the notes
Start with Business for a broad entry point, or choose the notes on business activity for definitions of needs, wants, goods and services. For a more focused topic, Stake holders in a business identifies groups with an interest in a business. Equations and Definitions brings calculations together with key terms.
After reading a note, write down the ideas you want to remember and try explaining them without looking. If you want to see connections between ideas, switch to a mind map on the unit page. For a question-based check, try a quiz there.
Choose a note and use it to make a short summary in your own words.
Frequently asked questions
Which note should I start with?
The notes on business activity are a useful starting point for key terms: they cover needs and wants, goods and services, and factors of production. If you want to focus on calculations instead, start with Equations and Definitions, which lists revenue, costs and profit equations.
What topics do these notes cover?
The notes cover business activity, the nature and purpose of business, stakeholders, enterprise and factors of production. There are also notes on equations and definitions, plus specification content covering business objectives. Some resources are broad introductions; others focus on a particular set of terms or ideas.
Are the notes free to use?
Yes. Every resource listed here is free to open and study without an account. The notes were made by GoConqr users, rather than by GoConqr. A free account also lets you save quiz scores and make your own quizzes, mind maps, flashcards and notes.
Who are these notes suitable for?
Most of the notes are suited to school-level study, and teachers can use them as ready-made material. Some refer to courses or qualifications such as GCSE Business, IGCSE Business Studies and A-level Business. There are also a few resources for university students.