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1.1 Business and OwnershipUnit 1: Exploring Business Purposes

1.1 Business and Ownership

Unit 1: Business Purposes

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Contents

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Teacher’s notes included in the Notes Page

Flash activity (these activities are not editable) Extension activity Printable activity

Key skills

For more detailed instructions, see the Getting Started presentation

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The purpose of business

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How businesses receive their income

What a business is

The different purposes businesses have

In this section, you will consider what a business is and look at the different purposes of business.

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Business vs. organization

In this presentation, you will come across the terms organisation and business.

You might think these words mean the same thing, but there is a difference.

The word organisation describes a group of people working together to achieve

a particular purpose, e.g. a business, government

department or charity.

A business is a specific type of organization, which exists

to sell goods or services (products). Businesses

are mainly concerned with adding value.

Do you know what that is?

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Thinking about business

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The world of work

The world of work is made up of many types of business organizations, which employ millions of people to do a huge variety of different jobs.

All business organizations exist for a purpose.

What do you think is meant by the term business purpose?

What this purpose is depends on the type of activity the organization is involved in.

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Business purpose

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Assignment: Analysing your local business environment

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Analysing your local business environment

1. Enter your school or college’s postcode into the Google Maps website. Then type in the names of some organizations, e.g. doctors, butchers, cafés, hairdressers, etc.

2. Try to collect newspaper articles about local businesses, as well as promotions/advertisements from different companies in your area.

3. Think about the information you have collected. What type of goods and/or services do these businesses sell or provide?

4. Design a poster about the main business purposes of the organizations in your area.

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The price of business

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What price?