1. Do Now!
State: 5 Reasons why a business may want to exist The 3 types of Business Activity (Sectors of Industry)

2. 2.1.2 Business activity – why and how businesses start, succeed and/or Fail
Lesson Objectives
Define Key Terms
Identify possible reasons why a business starts
Identify types of activity a business may become involved in
Explain possible changes in the external environment that can impact on these activities
Evaluate the consequences of these changes in the external environment to business activity
Answer exam questions on the topic

3. Key Concepts: 5 Reasons why a business may want to exist:
__________________
The 3 types of Business Activity are:
P_________. These businesses e_________ r____ m_________ from the earth
S_________. These businesses m____/m_________ products using r___ m_______ from the P_______ S______
T_________. These businesses s_______ finished goods or p_______ a s_________.
2 possible impacts on a business of a reduction in consumer spending might be:
Impact 1: _________________________________________________________________________
Impact 2: _________________________________________________________________________2 possible impacts on a business of a new competitor in the market might be:
Impact 2: _________________________________________________________________________

4. In the exam…
Types of exam questions “Using the business information above, state the business activity of Business A” 1 mark “Why might Business A exist?” 1 mark “Explain 2 consequences to Business A of a decrease in the level of consumer spending” 4 marks “Explain 2 consequences to Business A of new competitor entering the market” 4 marks “Evaluate whether a change in consumer spending or a new competitor entering the market will have a bigger impact on Business A” 10 marks SKILLS I NEED IN THE EXAM: Recommend with adv/dis for EVERY organisational structure Explain why some business will want to change structure

5. Plenary Lesson Objectives Define Key Terms
Identify possible reasons why a business starts
Identify types of activity a business may become involved in
Explain possible changes in the external environment that can impact on these activities
Evaluate the consequences of these changes in the external environment to business activity
Answer exam questions on the topic