exploring business D1 recap

• Mathematics
• Further Education (Key Stage 5)

Exploring Business 

Lesson Aim: To recap Learning aim A and learning aim B content of Exploring Business

To understand the structure and requirements of D1 criteria

What level of confidence do you feel you have in Exploring Business Assignment 1?

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P1

Explain the features of two contrasting businesses

In P1 we began by choosing 2 contrasting businesses. What are the 3 different types of business ownership that offered a contrast?

Public

Not for profit

Private

Limited Liability

Unlimited Liability

borderline liability

profit based

Provide a service

Provide a product

Multi Purpose

Hybrid

Local

National

International

Broad

Narrow

Primary

Secondary

Tertiary

Quaternary

Moving on we then looked at the different types of Liability. Which liability meant that the owners of the business are personaly responsible for any debts of the business?

Public

Not for profit

Private

Limited Liability

Unlimited Liability

borderline liability

profit based

Provide a service

Provide a product

Multi Purpose

Hybrid

Local

National

International

Broad

Narrow

Primary

Secondary

Tertiary

Quaternary

Business Purpose was next, what are the two main purposes of any given business?

Public

Not for profit

Private

Limited Liability

Unlimited Liability

borderline liability

profit based

Provide a service

Provide a product

Multi Purpose

Hybrid

Local

National

International

Broad

Narrow

Primary

Secondary

Tertiary

Quaternary

Businesses with two purpose are a ......... business

Public

Not for profit

Private

Limited Liability

Unlimited Liability

borderline liability

profit based

Provide a service

Provide a product

Multi Purpose

Hybrid

Local

National

International

Broad

Narrow

Primary

Secondary

Tertiary

Quaternary

Business scope was next, drag the 3 types of business scope into this area

Public

Not for profit

Private

Limited Liability

Unlimited Liability

borderline liability

profit based

Provide a service

Provide a product

Multi Purpose

Hybrid

Local

National

International

Broad

Narrow

Primary

Secondary

Tertiary

Quaternary

We also covered business sectors, drag the missing business sector into this area. Primare, secondary, ... and Quaternary

Public

Not for profit

Private

Limited Liability

Unlimited Liability

borderline liability

profit based

Provide a service

Provide a product

Multi Purpose

Hybrid

Local

National

International

Broad

Narrow

Primary

Secondary

Tertiary

Quaternary

Which business sector aligns with manufacturing businesses?

Public

Not for profit

Private

Limited Liability

Unlimited Liability

borderline liability

profit based

Provide a service

Provide a product

Multi Purpose

Hybrid

Local

National

International

Broad

Narrow

Primary

Secondary

Tertiary

Quaternary

P2, M1

P2: Explain how two contrasting businesses are influenced by stakeholders.

M1: Assess the relationship and communication with stakeholders of two

contrasting businesses using independent research.

Internal Stakeholders

External Stakeholders

Q. Name 1 type of communication that might be used between internal stakeholders

Q. Name 1 type of communication that might be used between External stakeholders

P3, M2

P3: Explore the organisation structures, aims and objectives of two contrasting businesses

M2: Analyse how the structures of two contrasting businesses allow each to

achieve its aims and objectives.

Drag the relevant structure names to the images

Matrix Structure

Holocratic structure

Hierarchical Structure

Which of these will show the number of employees a manger is responsible for?

1. Delegation
2. Span of control
3. Chain of command
4. Hierarchy

Which of these is an advantage of a flat structure

1. More managers to supervise staff
2. It ensures a narrow span of control
3. fast communication in the organisation
4. It shows which departments link together