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.
3. Course projects
Write a CV and letter of application
Presentation: Using computers for
Business communication
Design a basic Accounting Spreadsheet
4. 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
5. Different types of Business
We will now take a look at a few
different types of business.
6. 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 Intel
Toyota purchase tyres from Goodyear
8. 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
10. 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.
12. 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.
13. 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 will
increase it in time.
14. 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.
15. 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
16. 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!
17. Today’s Task
Include:
•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?