Business themes: Level 6
A student will be able to:
Business formation
- describe the different types of business and explain their advantages and disadvantages
- identify funding options for businesses and discuss factors that influence these options.
Functions of business
- develop a business plan
- describe the importance of market research
- describe the marketing mix in relation to a target market
- describe the types of production used for goods and/or services.
People in business
- identify effective business communication
- identify effective processes for recruiting employees
- outline the rights and responsibilities of the employer and the employee
- describe the role and skills of the entrepreneur.
Business management
- outline the importance of business aims and objectives
- outline why businesses keep financial records
- outline the cash flow cycle (including budgets)
- define different types of business success.
Business environment
- outline how and why business contributes to the development and well being of society
- identify the stakeholders of a business
- identify sustainable (environmental) business expectations and practices
- identify legal, economic, and environmental constraints on business
- describe the competition in the local business environment
- outline the opportunities for business arising from global connections.
See also:
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Last updated November 29, 2011
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