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2. On completion of this unit you should: 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purposes 3. Know the impact of the economic environment on businesses 4. Know how political, legal and social factors impact on business

3.  What is business?  Business activity involves a person or organisation providing a product or service to someone else. This process usually involves payment.

4.  Can be divided into the following: o Scale of operation o Ownership o Business sector

5.  Scale of operation: o Local o National o International o Global  Ownership: o Public o Private o Not-for- profit/voluntary

6.  Business sector: o Primary o Secondary o Tertiary

7.  Make a list of ten businesses you might visit this week. In each case, state whether: o You think the business operates only locally o You have seen the business in other locations in the UK o In your view the business may operate on an international basis o Discuss your list with the person sat next to you

8.  Working in pairs read through the case study and answer the questions  Case Study – Tony and Guy Case Study – Tony and Guy

9.  Public sector businesses are those business that have been setup or taken over by the government  Private business are owned by private citizens  Public businesses are less likely to take risks, because they operate for the benefit of the wider public rather than just to make a profit  Large private sector companies, such as Vodafone, are owned by shareholders  Anyone can buy shares in Vodafone

10. Public sectorPrivate sector National Archives – the body responsible for looking after government records and records from the courts of law Her majesty's Customs and Revenues – the UK’s tax collecting body Tesco Virgin Innocent lastminute.com

11.  What do you think would be the advantages and disadvantages if top football teams such as Arsenal’s men’s or women’s football teams, being owned by the government rather than by private shareholder?  Discuss in pairs

12.  Not all businesses are set up to make a profit  For example Doctors without Borders, the international charity provides doctors and nurses across the globe to areas where there are wars, famines and other situations in which people are suffering  A voluntary organisation is also a not-for-profit organisation  It is set-up, organised, staffed and run by people who are working purely on a voluntary basis, usually for a good cause  E.g. Women Royal Voluntary Service (WRVS) and Voluntary Service Overseas (VSO)

13.  Read through the case study and answer the questions  Case Study - VSO Case Study - VSO

14.  Primary – extracting raw materials from nature  Secondary – transforming raw products in to finished and unfinished goods  Tertiary – providing services to individuals and businesses

15.  Working individually complete the activity  Activity – classification Activity – classification