ACCA – F1 (BT) BUSINESS & TECHNOLOGY

by Syed Munib

Theory nai fun …. Experimental Learning hogi janab

We will gamify the subject … F1 asie chalay ga !!
SYLLABUS :
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Why are there firms ?

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What the Organization does ?

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Advantages:

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Disadvantages:

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Advantages:

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Disadvantages:

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Stakeholders might have different expectations of a business. For example:
➢ Customers want good-quality products at low prices, but if the highest possible profit is to be gained
then higher prices might have to be charged. Higher profits will be desired by shareholders because
high profit can mean higher dividends being paid to them.

➢ Owners/shareholders want the business to have large profits but this might be in conflict with the
employees, who want to be paid higher wages. Higher wages will increase costs but reduce profit.

➢ The government usually aims to have lower unemployment and will therefore be in conflict with a
business that wants to increase its use of machinery and reduce the number of people employed.
 However, a change in production methods might make the business more profitable and therefore
liable to pay more tax to the government.
➢ If suppliers charge higher prices for their goods, a business will have increased costs, so reducing
profits and dividends paid to shareholders.
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Political and Legal Enviornment

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International trade liberalisation: The World Trade Organisation (WTO)
The World Trade Organisation was set up to promote free trade and resolve disputes
between trading partners.
The theory of comparative advantage suggests that free trade is the best way to promote
global economic growth and, by implication, domestic prosperity. In other words, people
should be free to buy and sell goods and services any where in the world.
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Data Protection & Security

The rights of Data subject:

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Health & Safety

Accident & safety policies:

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Consumer Protection:

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Social & Demographic Trends:
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Cultural Trends:

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Technology on Organization:

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Enviornmental Factors:
Impact on Organization of Enviornmental costs:
Competitive Forces:

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Internal Reports
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Advantages and Disadvantages:
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Tutor’s Note:
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