- Introduction To Business
- Introduction To Business Studies Notes
- Introduction To Business Studies Notes Pdf
- Introduction To Business Studies Lecture Notes Pdf
Business Studies/Business Enterprise and Skills O Level Notes Garikai Dzoma 2018-01-15T07:46:03+00:00 ZIMSEC O Level Business Studies/Business Enterprise and Skills Notes To view a topic just click on the topic name and you will be taken to the topic post.
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INTRODUCTION TO BUSINESS STUDIES Objectives: By the end of the topic, the learner should be able to: • Explain the meaning of Business studies • Explain the importance of Business studies in society. MEANING OF BUSINESS STUDIES i) Business: Any activity that is carried out by an individual or an organization concerning provision of goods and services with a view to making profit. Ii) Business studies: Is the study/examination of the business activities in society. These activities are related to the production of goods and provision of services. -It can also be defined as the study of activities that are carried out in and around production, distribution and consumption of goods and services. Terms used in Business studies i) Goods: These are items that are tangible.i.e. They can be touched and felt.
Activity 1: The students to list items in the classroom that can be touched and felt –Furniture, buildings, books, vehicles e.t.c ii) Services: These are efforts or acts/actions or activities that may be sold and are intangible (cannot be touched nor felt). Activity 2: The students to list items that money is paid to get but they cannot touch.
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Introduction To Business
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Introduction To Business Studies Notes
Iii) Production: Refers to the creation of goods and services or increasing their usefulness through activities such as transporting them to where they are required. People who are involved in production of goods and services are referred to as Activity 3: Using the lists of goods and services above, the students to name those involved in their production. Iv) Distribution: Refers to the movement of goods and services from producers to the users. Some activities that take place as goods and services all moved include transportation, storage, insurance, communication, advertising.e.t.c iiv) Consumption: Refers to the act of using the goods or services produced consumption is the ultimate goal of production. The persons who uses a good or a service is referred to as a consumer. Activity 4: The students to list the consumers of the goods and services listed in activity (1) and (2) above.
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Introduction To Business Studies Notes Pdf
BRANCHES/COMPONENTS OF BUSINESS STUDIES Business studies as a subject is composed of topics drawn from various disciplines such as: • Commerce • Accounting • Economics • Office practice • Entrepreneurship Commerce This is the study of trade and aids to trade. Trade refers to the exchange of goods and services for other goods and services or money. Aids to trade are human activities (services) that assist trade to take place.
Introduction To Business Studies Lecture Notes Pdf
Economics This is the study of how human beings strive to satisfy their endless wants using the available scarce resources. Accounting This refers to a systematic way of recording business activities which all used for decision making. Office practice This refers to all activities that are carried out in an office e.g. Communication, filling, clerical work, reproduction of documents e.t.c Entrepreneurship This is the study of activities involved in the process of identifying a business opportunity and acquiring the necessary resources to start and run a business. The person who carries out these activities is refered to as an entrepreneur. IMPORTANCE OF BUSINESS STUDIES IN SOCIETY Business studies is meant to prepare learners to function as informed consumers, producers and workers in the society. Some of the benefits of learning business studies include: • Assists the learners/members of the society to acquire knowledge and awareness of business terminologies which are necessary when discussing business issues such as profit and loss.