Vocational Education: Business Computing

Class M4/12

Aj. Jamie

Semester 2

Introduction

What is a business?– A business is an organisation relating to

the production, buying and selling of goods or services.

What is the aim of this course?– To give you an introduction to all types of

business. To recognize different types of business and understand how the business world functions.

Course projects

Write a CV and letter of application

Presentation: Using computers for Business

communication

Design a basic Accounting Spreadsheet

Course projects

Run a Small Business– To be designed in groups– You must create and present

a business plan– You will operate the business

within the school during the second half of term 2

– You must complete an accounting overview using a spreadsheet

Different types of Business

We will now take a look at a few different types of business.

Manufacturers Produce products from raw materials or

component parts that they aim to sell at a profit. Companies that make physical goods such as

cars, televisions, washing machines are considered manufacturers.

Raw materials - Materials that are still in their natural state; required to make a product.

Iron, Wood and Crude oil.Component parts - Parts required to complete a larger products.

IBM purchase microprocessors from IntelToyota purchase tyres from Goodyear

Manufacturers

Service Businesses Businesses that provide a service to other

businesses or consumers. Make a profit by charging for labour or other

services. Companies such as restaurants, house

decorators and language schools are considered service businesses.

consumers – people that purchase and use goods or services.

(customers)profit - money a company makes over and about all

the general costs of running a business.labour - people that work in a company

Service Businesses

Retailers and Distributors

Companies that act as middle-men in getting products from manufacturers to their intended consumers.

Generate a profit as a result of providing sales or distribution services.

Most shops and catalogue companies.

distribute - supply or sell things to people or businesses.

Retailers and Distributors

Types of business Agriculture

– Production of raw material on farms.– Produce raw materials such as milk, grain or beef,

for distribution to consumers or other businesses. Mining

– Extraction of raw materials from the earth.– Companies extract materials such as iron, gold or

coal, for distribution to consumers or other businesses.

extract - take something out or pull something out.

Types of business

Financial businesses– Companies that generate profits through working

with or investing money.– Banks and loan companies.

Utilities– Produce public services, such as electricity or heat.– Usually owned or created by the government.

invest – use your money in a way that you hope willincrease it in time.

Types of business

Real Estate– Companies that generate profit from the

selling, renting or development of buildings, homes or properties.

Transportation– Deliver goods and individuals from location

to location, generating a profit on the transportation costs.

You will be given a business or company and must create a case study about them.

Case Study – A method of research to investigate and find out about something. To discover why something is successful. To analyse data.

PowerPoint Presentation, at least 8 slides. Groups of 3 students.

Today’s Task

Today’s Task

Please USE YOUR OWN WORDS!

Use the Internet for research – but please rewrite and just include the important information.

This semester marks will be reduced for those of you that cut ‘n’ paste every week!

Today’s TaskInclude:

• What type of business is it?

• What does the business do?

• Turnover

• History

• Location – Local / National / International?

• Your experience with the company

• Products / Services

• Website - Internet Services?