WHAT DO BUSINESSES DO

1
WHAT DO BUSINESSES DO?

• What is meant by the term business?
• What do they have in common?
• What is business activity?
• What goods and services do they make and provide?

• What are the features of small and large
  business?
• How do they function?
• Who is involved?
• What are the different types of business activity?

2
What is meant by the term Business?

• A business is a particular type of organisation -
  one which involves people and resources in the
  making of an item of the providing of a service.

3
What do businesses have in common?

• A name
• Aims (or things they want to achieve)
• A set of rules or procedures

• It uses resources to achieve their aims
  (including people)
• It has an image

4
Whats in a name?

• The following slides have the names of well-known
  businesses, but they have been jumbled up. Your
  task is to unscramble the letters to find out
  the names of these companies.
• Use the worksheet to record your answers.

5
QUESTION

• Which company?
• CLUE - Trains, planes and records

Irving
6
ANSWER

• Virgin

7
QUESTION

• Which company?
• CLUE - telecommunications

Wet Steel
8
ANSWER

• Telewest

9
QUESTION

• Which company?
• CLUE - skin care products

PHOTOS BY HED
10
ANSWER

• THE BODY SHOP

11
QUESTION

• Which company?
• CLUE - fizzy drinks manufacturer

COAL PIPES
12
ANSWER

• PEPSI COLA

13
QUESTION

• Which company?
• CLUE - fast food outlet

BRING KRUGE
14
ANSWER

• BURGER KING

15
QUESTION

• Which company?
• CLUE - road and rail transport

GOATS CACHE
16
ANSWER

• STAGECOACH

17
QUESTION

• Which company?
• CLUE - fast food outlet

CON LADS MD
18
ANSWER

• MCDONALDS

19
QUESTION

• Which company?
• CLUE - supermarket

BUSSY BRAINS
20
ANSWER

• SAINSBURYS

21
QUESTION

• Which company?
• CLUE - High Street department store

NERDS PACKERSMAN
22
ANSWER

• MARKS AND SPENCER

23
What are the aims of business?

• To provide a wide range of good value products
• to operate in many areas at home and overseas
• to be the market leader in their field
• to produce environmentally friendly products

24
What is image?

• This is how the business wishes to be perceived
  by the public.
• Reliable
• good quality
• corporate identity

25
RESOURCES USED BY BUSINESS
26
RESOURCES continued

• There is another Factor of Production and it is
  called ENTERPRISE.
• Enterprise is the ability and skill of a person
  to bring the other 3 Factors of Production
  together in order to produce goods or services,
  eg buildings, equipment and staff. This person
  is called an ENTREPRENEUR.

27
RULES

• Agreed hours of work
• equal rates of pay
• dress code

• Code of conduct
• procedures for appraisal/dismissal

28
WHAT IS BUSINESS ACTIVITY?

• Business is involved in doing one of two things -
• producing goods for sale - jeans, furniture,
• farmer
• providing services to be sold - banks, hospitals,
  insurance
• Most organisations ask a price for their goods
  and services, but charities do so free of charge.

29
WHAT KINDS OF GOODS AND SERVICES?

• We are all influenced by business every day of
  our lives.
• Below is a list of some of the goods/services
  that you will have consumed today.
• Radio/TV toaster/kettle
• newspaper/magazine coffee/tea
• clothes/shoes
• In your jotter list the goods/services you have
  used today. Who provided them? - name the
  companies.

30
THE BODY SHOP

• Visit The Body Shop website at
• www.. thebodyshop co.uk
• Find out -
• this companys aims,
• what resources it uses to produce its products?
• what kind of image does the company project?