RedPeg Preliminary Business Studies 17

Topics: Business, Management, Business ethics Pages: 546 (102924 words) Published: April 25, 2015
Preliminary

Business Studies

Get
Going
With
Business
2nd edition

Don Sykes
Kim Crawford

PU

H

ING

Second edition published by RedPeg Publishing
PO BOX 3275 Belconnen, ACT 2617
www.redpeg.com.au
© D. Sykes, K. Crawford 2010
CD-ROM edition licensed for 1 user only.
Not for resale, distribution, or copying.
Printing is limited to educational reproduction provided notice has been provided to CAL. ISBN 978-0-9775849-4-9
Paperback edition also available ISBN 978-0-9775849-3-2

Educational reproduction
The Australian Copyright Act 1968 (the Act) allows a maximum of one chapter or 10% of the pages, whichever is the greater, to be reproduced and/or communicated by any educational purposes provided that the educational institution (or the body that administers it) has given a remuneration notice to Copyright Agency Limited (CAL) under the Act.

More detail on CAL can be obtained from: www.copyright.com.au Excluding reproduction permitted under the Act, this book may not be reproduced without prior written permission. All inquiries should be made to RedPeg Publishing.

Layout & design by: Andrew Sykes

Acknowledgments

The authors would like to thank a number of people for providing help, logos and images.

Liz Allen and the staff at RedPeg Publishing for their hard work, without it, this book wouldn’t be possible. Matthew Branagan from Preshafood for all his help with images and the major case study.

Margaret Crawford who contributed a lot of work and advice to improve the literacy activities for students. Luke Watson for his brilliant illustrations.

iStockPhoto for providing an excellent image library.

Images

awokenlust creation - pages 14, 43, 72, 86, 192
cartoonstock.com - page 199

Chuck Bradley Photography - page 159
Corbis - pages 136, 204, 206, 240
Dell Inc - page 35

Dick Smith Foods - page 244
General Motors - page 210

Preshafood Ltd - page 78, 79, 312, 313, 314, 317

iStockphoto 10, 12(all), 18, 19, 20, 32(all), 37, 38(both), 39, 44 (both), 45, 46, 47, 48, 51, 54(all), 59, 63(both), 64, 66, 68, 71, 74(all), 77, 80, 90, 95, 102, 104(all), 107, 108, 109, 110, 111, 112, 115, 118(all), 125, 126, 127, 128, 129, 132(all),134(both), 135(both), 137, 140, 141, 144(all), 149(both), 164, 165, 166, 173(all), 177, 200(all), 205, 224, 226(all), 228, 229, 236(all), 238, 242, 246, 247, 253, 257, 261, 262, 264, 265, 266(both), 272(all), 281, 285, 286, 292, 298(all).

Walmart - pages 207, 208

Cover is an iStockPhoto derivative work

Stick figures and margin icons from iStockPhoto

Every effort has been made to trace and acknowledge copyright. However, information that would enable the publisher to correct any infringements that may have occurred in future editions would be appreciated. www.redpeg.com.au

Topic 1 11

Contents

Chapter 1

The Role of Business

12

The nature of a business

15

Describe scaffold

30

Producing goods and services
15
Profit 16
Employment 16
Incomes 17
Choice 18
Innovation 21
Entrepreneurship and risk
25
Wealth 26
Quality of life
27
Worksheet 1.1
29

Chapter 2

Types of Businesses
Classification of business

Size - smal l to medium enterprises (SMEs), large
Explain scaffold
Local, national, global

32
33
33

34
35

Industry36
Primary industry
Secondary industry
Tertiary ind ustry
Quaternary industry
Quinary industry
Worksheet 2.1

36
38
39
40
40
42

Legal structure - sole trader, partnership, private company, public company, government enterprise

43

Factors influencing choice of legal structure

49

Size 49
Finance 50
Ownership 50
Worksheet 2.2
53
Chapter 3

Influences in the Business Environment
External influences

54
55

Economic
55
Financial 58
Geographic 58

Social 59
Legal 61
Political
61
Institutional 62
Technological 63
Competitive situation
63
Markets 64...
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