BUSINESS STUDIES

LEARNING OBJECTIVES
Understand the purpose of a business activity.
Demonstrate an understanding of a business activity in adding
values and helping to satisfy the needs of customers in a
changing competitive environment.
Describe and classify business activities in terms of primary,
secondary and tertiary sectors.
Demonstrate an awareness of the changes that have taken place
in these sectors in different countries.
Classify business activities between private sector and public
sector in a mixed economy.
What is your choice?

OPPORTUNITY
COST
FACTORS OF PRODUCTION

Capital
Enterprise
Land
Labour
SPECIALISATION

4 GROUPS: CASE STUDY PAGE 13

GOODS & SERVICES

SAME GROUP

DISCUSS DIFFERENCES BETWEEN:

CONSUMER GOODS
CONSUMER SERVICES
CAPITAL GOODS

ON PAGE 14-15
HOW BUSINESSES INCREASE ADDED VALUE

1. BRANDING
2. EXCELLENT SERVICE QUALITY
3. PRODUCT FEATURES
4. CONVENIENCE
HOW BUSINESSES INCREASE ADDED VALUE

1. BRANDING
2. EXCELLENT SERVICE QUALITY
3. PRODUCT FEATURES
4. CONVENIENCE
CLASSIFICATION OF BUSINESS

PRIMARY

BUSINESS

TERTIARY SECONDARY
THE IMPORTANCE OF BUSINESS
CLASSIFICATION HAS CHANGED
FOR MANY COUNTRIES

WHY???
TWO MAIN REASONS:

INDUSTRIALISATION
X
DE-INDUSTRIALISATION
 QUIZ

PAGE 19
NO.1
ANSWER USING EDMODO

I ALREADY POSTED THE QUIZ,

SO YOU CAN WRITE YOUR ANSWER DIRECTLY
 HOMEWORK

INDIVIDUAL
READ PAGE 25-26
ANSWER TEST YOURSELF ON PAGE 26
ON A PIECE OF PAPER
DUE: BEFORE NEXT SESSION
CONSEQUENCES: MINUS BY 10 FOR EACH DAY LATE