Unit 1 - Business Activity and the Changing Environment

This section examines the objectives of business, the business environment, and criteria for judging success.

Unit 2 - Human Resources

This section looks at people in organisations with a focus on their roles relationships and management in business.

Unit 3 - Business finance

This section focuses on the use of accounting and financial information as an aid to decision making.

Unit 4 - Marketing

This section focuses on identifying and satisfying customer needs in a changing and competitive environment.

Unit 5 - Production

This section focuses on the way organisations use and manage resources to produce goods and services.

Unit 1

Business Activity and the Changing Environment

Overview

This section examines the objectives of business, the business environment, and criteria for judging success The focus is on the importance of clear objectives and on how the business environment provides opportunities for, and constrains, the pursuit of these objectives.

Primary, secondary and tertiary activity.
Factors of production-enterprise, capital and labour
Objectives - wealth creation, market share, profitability
Business organisations
Public sector organisations-local, authority, enterprises, privatisation, shareholding

Judging success - size, turnover, shareholders, number of employees, consumer reaction/satisfaction

Business News

Busness Acivity Tips

Clearly define your business idea and be able to succinctly articulate it. Know your mission.
Examine your motives. Make sure that you have a passion for owning a business and for this particular business.
Be willing to commit to the hours, discipline, continuous learning and the frustrations of owning your own business.
Conduct a competitive analysis in your market, including products, prices, promotions, advertising, distribution, quality, service, and be aware of the outside influences that affect your business.
Seek help from other small businesses, vendors, professionals, government agencies, employees, trade associations and trade shows. Be alert, ask questions, and visit your local small business office.

HHS Business Studies

Business Studies, the subject that brings real life into the classroom

HHS Business Studies Sub Site

Business Activity

Business Studies Department at

Henley in Arden High School