Understanding Business Business Activity LEARNING OUTCOMES Business Management (National 5)

N5 Bus Man – 1.1 Business Types: Learning Outcomes © BEST LtdLicensed to: Turnbull High School Learning Outcome 1  I understand WHAT businesses do. Success Criteria  I can identify and describe the different GOODS and SERVICES that businesses provide.  I can describe the PRODUCTION PROCESS that is used to provide goods and services.  I can explain how production generates WEALTH.  I can describe the different FACTORS OF PRODUCTION that businesses use in production.

N5 Bus Man – 1.1 Business Types: Learning Outcomes © BEST LtdLicensed to: Turnbull High School Learning Outcome 4  I understand how businesses try to SATISFY CONSUMERS. Success Criteria  I can explain what happens at each stage of the BUSINESS CYCLE.  I can outline how MARKETING staff help to satisfy consumers in the business cycle.  I can outline how HUMAN RESOURCE MANAGEMENT (HRM) staff help to satisfy consumers in the business cycle.  I can outline how FINANCE staff help to satisfy consumers in the business cycle.