The Purpose, Nature of Business Activity, Specialisation & Added value 'ppt' IGCSE Business Studies

Complete Lesson.
Topic: The Purpose, Nature of Business Activity, Specialisation & Added value IGCSE, ‘ppt’ ** IGCSE Business Studies syllabus. * I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date note. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’
Lesson Objectives;
Lesson Objectives;
At the completion of the lesson, the students should be able to;
Identify and explain the purpose and nature of business activity
Identify and explain the purpose and nature of business activity: • Concepts of needs, wants, scarcity and opportunity cost • Importance of specialisation • Purpose of business activity • The concept of adding value and how added value can be increased.Classification of businesses. Economic sectors in terms of primary, secondary and tertiary sectors: • Basis of business classification, using examples to illustrate the classification • Reasons for the changing importance of business classification, e.g. in developed and developing economies. • Classify business enterprises between private sector and public sector in a mixed economy. ‘Class Activities & Answers.’