Download - Business Studies - Introduction
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Vocational Education: Business Computing
Class M4/12
Aj. Jamie
Semester 2
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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.
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Course projects
Write a CV and letter of application
Presentation: Using computers for Business
communication
Design a basic Accounting Spreadsheet
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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
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Different types of Business
We will now take a look at a few different types of business.
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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
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Manufacturers
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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
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Service Businesses
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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.
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Retailers and Distributors
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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.
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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.
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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.
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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
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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!
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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?