Business and its environment

Business and its environment

Nature and purpose of business activity

Range of actions to produce, sell, and distribute goods or services.

What do you already know about the nature and purpose of business activity?

Business structures, functions, and objectives

Overview of the various structures, functions, and objectives of business organizations.

Adapting to changes in business environments

Emphasizing the importance of adaptation to the ever-changing landscapes.

Impact of external factors on business

Political, economic, social, technological, and environmental changes.

Concept of value creation in business

Enhancing the worth of goods or services for customers.

Definition List

Business Activity: The range of actions undertaken by individuals or companies to produce, sell, and distribute goods or services.
Business Environment: The combination of internal and external factors that influence a company's operating situation, including political, economic, social, technological, and environmental conditions.
Value Creation: The process by which businesses enhance the worth of goods or services for customers, thereby generating higher profits and customer loyalty.

Write down 3 things you learned in this lesson.

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.

Write down 2 things you want to know more about.

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.