Scheme of Work

Wk. Topic
1. Consumer Protection Agencies
2. How to make Complaints
3. How to seek Redress
4. Personal Finance
5. Mid-term test
6. Trial Balance
7. Mid-term Break
8. Forms of Trial Balance
9. Trading, Profit & Loss Account
10. Balance Sheet
11. Business Letters
12. Simple Tabulation
13. Revision / Examination
11th – 15th January 2021
WEEK 1
Year 9
Business Studies
 TOPIC A business goal is a business
Setting Simple objective or target to be
Business achieved generally by a
Goals specific date or period . It is
the main reason for setting up
a business venture.
Entrepreneurs must be able
to target what they want to
achieve within a given period
or date before establishing
the business.
 At the end of the lesson, the
students will be able to:
Lesson
1. State the meaning of
Objectives
business goal.
2. State and identify the
strengths, weaknesses,
opportunities and threats
of an identified business.
 SWOT analysis is a laid-out
Need for plan designed to find out the
SWOT strengths, weaknesses,
Analysis opportunities and threats
involved in a project or
business venture. SWOT is an
abbreviation for:
S - Strengths
W - Weaknesses
O - Opportunities
T - Threats
SWOT analysis can be carried out for a product,
place, industry or person. Setting of business goals
or objectives should be done after SWOT analysis
has been undertaken. This would ensure that
achievable goals and objectives are set for the
business venture or enterprise.
 SWOT ANALYSIS
Helpful to achieving Harmful to achieving
(characteristics (characteristics of objectives objectives
the organisation)

Strengths Weaknesses
External origin Internal origin

environment)

Opportunities Threats
of the
Strengths of an Identified Business
Strengths in SWOT analysis refers to the internal
characteristics of a business or project which give it
an advantage over others.
Strengths are internal factors that make a business
stronger. It may be:
• Product or service that sells well
• An established customer base
• Location
• Loyalty or competence of workers
• A good reputation
It must include all aspect of a business that add value
and make it stand out.
Weaknesses of an Identified Business
Weaknesses in SWOT analysis are the internal
characteristics that place a business or project at a
disadvantage when compared to others.
Those factors that make a business weak and
which need to be improved upon must be
identified. Weaknesses make a business not to
grow the way it has been planned. These
weaknesses may include:
• Incompetent managers
• High absenteeism
• Sub-standard products
• Poor marketing
• Poor customer service
Opportunities of an Identified Business
Opportunities are elements of external origin that
a project or business focuses on to its advantage.
Opportunities are those things that could make a
business stronger and more profitable, such as:
• Having a new bus-stop or police station beside
a shop
• Forging an alliance with another business
• Improved road networks
• Constant electricity supply
• Competent persons applying for a job in the
company.
Threats to an Identified Business
Threats are also of external origin and they are
elements or things or events in the environment
that could spell doom for the business or project.
Threats are those things that could have a negative
effect on a business. Threats could be in the form
of:
• A strong competitor opening a business nearby
• Bad debt
• Introduction of a new law or tax that affects the
business and eats up some of its profits.