(CIE – AS Level Business) – Unit 1 – Business and its environment

Categories: A-Level (CIE), Business

Course Content

1.1 Enterprise

1.1.1 Nature of Business Activity
1.1.2 The role of entrepreneurs and intrapreneurs
1.1.3 Business plans
1.1.4 Nature of Business Activity: Factors of Production

1.2 Business structure
In this lesson, you will learn about: ★ the different economic sectors in an economy, that is, the difference between primary, secondary, tertiary and quaternary sectors and the private and public sectors, including the concepts of unlimited liability and limited liability ★ the advantages and disadvantages of different forms of legal structure, such as sole traders, partnerships, companies, co-operatives, franchises, joint ventures and social enterprises.

1.3 Size of business

1.4 Business Objectives

1.5 Stakeholders in a business