Business studies
Chapter 1 The role of business 4
1.1 Introduction 4
1.2 The nature of a business 7
1.3 Other functions of business 9
Chapter 2 Types of businesses 22
2.1 Introduction 22
2.2 Classifi cation by size 22
2.3 Classifi cation by geographical spread 25
2.4 Classifi cation by industry sector 30
2.5 Classifi cation by legal structure 35
2.6 Types of companies 40
2.7 Factors infl uencing choice of legal structure 47
Chapter 3 Influences in the business environment 50
3.1 Introduction 50
3.2 Business environment 50
3.3 External infl uences on business 51
3.4 Internal infl uences on business 71
3.5 Stakeholders 81
Chapter 4 Business growth and decline 88
4.1 Introduction 88
4.2 Business life cycle — stages and responding to challenges 92
4.3 Factors that can contribute to business decline 105
4.4 Voluntary and involuntary cessation 107
TOPIC 1 Suggested assessment tasks 113
TOPIC 2: BUSINESS MANAGEMENT 118
Chapter 5 The nature of management 120
5.1 Introduction 120
5.2 The features of effective management 123
5.3 Skills of management 125
Chapter 6 Achieving business goals 144
6.1 Introduction: What are goals? 144
6.2 Business goals — fi nancial 147
6.3 Business goals — non-fi nancial 151Chapter 12 The business planning process 392
12.1 Introduction 392
12.2 Business planning process 396
12.3 Sources of planning ideas 399
12.4 Vision statement 402
12.5 Goals and/or objectives 403
12.6 Organising resources 409
12.7 Forecasting 414
12.8 Monitoring and evaluating 417
12.9 Taking corrective action — modifi cation 422
Chapter 13 Critical issues in business success and
failure 426
13.1 Introduction 426
13.2 Importance of a business plan 426
13.3 Management — staffi ng and teams 428
13.4 Trend analysis 432
13.5 Identifying and sustaining competitive advantage 434
13.6 Avoiding overextension of fi nancing and other resources 438
13.7 Using technology 439
13.8 Economic conditions 443
basically everything in business is to do about how business's run, operate, employ, work, make cash, you get the point. economics is more about the economy and much more mathematical. you will look at ASX, shares, the government, just more boring. imo
