1. Nature of business No. 2
The organisation continued

2. Stop and think task
 Read the statement on pg 5.
 In pairs, comment on its accuracy.
 Small business – less than 20 staff
 Medium to large – 20 or more
 In recent times organisations have tended to
outsource their work. What does this mean?

3. Careers
 Businesses in both the private and public
sectors should provide opportunities for
staff to grow.
 A successful firm is one that promotes
their staff and challenges them.
 Valued staff are also less likely to leave
the firm.
 PG 6 questions 1, 2 and 4

4. Investment
 Firms need to invest in their staff,
equipment and technology.
 Governments also need to invest in the
economy to allow organisations to grow.
 Governments often consult with large
organisations when investing in things like
infrastructure.

5. Queensland Government
 The Queensland government invests in
the economy.
 It gives incentives for firms to be based here.
 For Example, Virgin Blue.
 QUESTION
 Can you think of any other companies who have
moved to QLD or the head office is in QLD.

6. Economic System
 Businesses operate in an enterprise
system (Free market)
 There is minimum government
intervention or regulation
 Market forces dictate the direction of the
market.
 There is freedom of movement
 Business owns the labour and land

7. Questions
 Page 8
 Question 1, 2.