Now that we are finished Outcome 1 - Business in Contemporary Society you will need to be aware of what you need to know!
definition of business and business activity
the business cycle
needs and wants
goods and services
factors of production
industry sectors (primary, secondary & tertiary)
business sectors (private, public, voluntary)
objectives
entrepreneurs (the role of)
types of ownership (the different types of business, be alert for compare and contrast)
methods of growth (integration)
stakeholders
PESTEC Analysis (external factors)
I will cover Sources of Finance in class soon. This does recurr in Finance, but it is needed for one of the homework questions.
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