What is the purpose of the following businesses?

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Presentation transcript:

What is the purpose of the following businesses? =5

What is the purpose of the following businesses? For each of the businesses, now tell me if you think they are: Local National International Global

What is the purpose of the following businesses? For each of the businesses, now tell me if you think they: Provide goods Provide services Or both

TOPIC: Topic 1: Business Organization and Environment LESSON TITLE: Nature of Business Activity COMPETENCY FOCUS: Entrepreneurship (S4): To develop your entrepreneurial skills in preparing a realistic proposal for a new business start-up. You will understand the process a business will have to go through when starting up, including the underlying principles of starting a business. [IB Learner Profile Development: Communicator] Learning Objectives By the end of the lesson, you should be able to… LO1) Identify the four different industry sectors LO2) Explain using examples the nature of business activity in each sector LO3) Assess why businesses operate in each sector. . SMSC: You will assess the organisational culture of businesses in terms of fundamental structure, purpose and strategy development. CRITICAL THINKING KEY: Knowledge Application Analysis Evaluation

Industry Sectors

Industry Sectors There is now a 4th industry sector, this is known as the ‘quaternary’ sector. Now independently research what is meant by this sector for your own notes. [15mins]

Mini-Task Complete case study on Poundland (Pg8)

Keyword Glossary: Spend 15mins completing your own glossary with business terminology. Complete your learning log.

Question Time! Respond to the following questions to test your knowledge! What are the four industry sectors? [4] Explain the activities that exist within each industry sector. [8] [15mins]

Research Question Complete research question on Pg 5. [20marks, 30mins]

Reflection Reflect on what you have learnt this lesson. What do you need to know more about?