S2 Core Business Goods and Services
S2 Core Business Goods and Services. Todays Learning Intention Identify what a Good and a Service is and recognise the difference between both Understand.
Mar 31, 2015
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S2 Core Business
Goods and Services
Today’s Learning Intention
Identify what a Good and a Service is and recognise the difference between both
Understand what is meant by the terms Durable and Non-Durable
What is the purpose of a Business?
• A business exists in order to make money and to do this they must decide whether to sell goods, services or both to their customers.
Goods and Services
SERVICEGOOD
Tangible
Is something you can see and touch which makes them…
Is provided for you and you cannot necessarily see or touch it, which makes them…
Intangible
In pairs come up with 2 examples of a Good and 2 examples of a Service
Durable and Non-Durable
• These goods are long lasting
NON-DURABLEDURABLE
• Goods can be durable or non-durable
• These goods only last for a short period of time
In pairs come up with 2 examples of a durable good and 2 examples of a non-durable good
• Now complete Activity 1 in your notes and tasks booklet
• Once finished, complete the extension activity
What do we now know...?
The difference between a Good and a Service
What Durable and Non-Durable means
S2 Core Business
Needs and Wants
Today’s Learning Intention
Identifying the differences between Needs and Wants
Needs
What do you REALLY need to survive...?
With your partner, agree on 3 things you
both think you need in order to survive.
Needs
• Wants are unlimited. Each person will have different wants which will change with time.
• For example: I-pad, Sports Car, Holidays
Wants• Needs are items
which people cannot live without.
• These are: Food, Water, Shelter and Clothing
• Now complete Activity 2 in your notes and tasks booklet
• Once finished, complete the extension activity
What do we now know...?
The difference between a Need and a Want
S2 Core Business
Entrepreneurs
Today’s Learning Intention
To highlight factors that make a business successful
Understand what is meant by an Entrepreneur
An Entrepreneur =
• Someone who is a risk taker and has an idea to create a new product/service then turns it into a successful business.
• But how do they do this...?
What makes a Business successful?
• Enough money to start up the business- this is known as Capital
• The idea (Enterprise) from the entrepreneur
• Land/premises for setting up the business. Can also include natural resources used by the business
• A workforce ( Labour) to start-up the business
• Now complete Activity 3 in your notes and tasks booklet
Entrepreneurs
• Can you think of any famous people who may be entrepreneurs...
• Now complete Activity 4 & Activity 5 in your notes and tasks booklet
• Once finished complete the extension activity on page 11
What do we now know...?
The factors that make a business successful
What an Entrepreneur is
S2 Core Business
Skills and Qualities
Today’s Learning Intention
To extend our knowledge on knowing what Skills and Qualities are
• Last period we were speaking about entrepreneurs...
• What skills and qualities do you think Simon Cowell has, which have helped him become successful...
• Confident • Creative• Hard Working• Determined• Ambitious• People Skills
Skill
Something that we learn to do and become good at e.g.
Riding a bike
Quality
A word used to describe a person’s personality and characteristics e.g.
• Now complete Activity 6 in your notes and task booklet
• Once finished complete the extension activity on page 13
What do we now know...?
What is meant by a skill and examples of skills
What is meant by a quality and examples of qualities
S2 Core Business
Types of Businesses
Today’s Learning Intention
To extend our knowledge on knowing what different business types are
Private Sector• This is the sector in which businesses
are owned by individuals or groups of people.
• What aims may they have for their businesses…
Aim A.K.A Goal, Target or Objective - something that a business hopes to achieve over a period of time.
Aims of a Private Sector Business
To survive
Maximise sales
Maximise profitTo grow
Provide a good quality product/service
Private SectorSole Trader
Someone who starts up a business on their own is a sole trader.
It is owned, controlled and financed by one person.
Example:
Partnership
This is a business set up and run by 2 or more people.
It is owned, controlled and financed by the partners.
Between 2-20 people can be included in the partnership agreement.
Example:
• Now complete the following activities in your notes and tasks booklet:
Activity 7Activity 8Activity 9
What do we now know…?
• What is meant by the Private Sector
• What the aims of businesses that are within this sector
• The difference between a Sole Trader and a Partnership
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