1. Unit 1 Enterprise in the Workplace Lesson 1 Mrs Gutteridge
BTEC Business
Unit 1 Enterprise in the Workplace
Lesson 1
Mrs Gutteridge

2. Keywords Goods/Services Wants/Needs Market Entrepreneurs Raw Materials
Capital
Labour
Customers
Suppliers

3. Activity List the five basic needs.
List 3 examples of organisations, which provide us with each of these basic needs.
What is a ‘market’?
If you were going to set up in business state the types of market you could go into.
Why do people start up businesses? Try to give 4 reasons.
What is a business?
What is an Entrepreneur? Give some examples
What is the objective of most businesses?
What are the raw materials of the following products?
Petrol ii) A woollen jacket iii) An Iphone
What is meant by each of the following terms:
Capital, Labour and raw materials?
What factors do you think affect a business?

4. What Factors Affect a Business?
Homework Research different types of Newspapers and Business Journals