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About Course
Business Activity & Influences on Business
This module introduces the fundamentals of business and the environment businesses operate in:
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Business Activity: purpose of business, sectors of economy, enterprise and entrepreneurship.
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Classification of Businesses: primary, secondary, tertiary; public vs private sector.
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Objectives of Business: survival, profit, growth, social/ethical aims.
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Stakeholders: owners, employees, customers, government, community.
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External Influences: economic factors (inflation, interest rates), technology, legal, environmental, and ethical considerations.
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Business Location & Growth: why firms choose locations, internal/external growth, mergers, and takeovers.
Course Content
Business activity
Purpose of business organisations
Stakeholders in business.
Why business need to have objectives.?
Financial and social objectives of business
Why evolution in business causes objectives to change
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