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All Topics from Prelim Business Studies Notes

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These notes cover all the topics in the prelim course for business studies. Topics include: The nature of business, business management and business planning.

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42 Pages Complete Study Notes < 1 Year old
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5 Ex Credits


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Topics this document covers:
Economy Business Structure Entrepreneurship Business models Business law Corporate law Legal entities Privately held company Small business Sole proprietorship Incorporation
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Economy Business Structure Entrepreneurship Business models Business law Corporate law Legal entities Privately held company Small business Sole proprietorship Incorporation
Sample Text:
of business within the Australian economy o Exports products, which generates income for Australians and helps reduce our trade deficit o Assists in the development and use of new technology o Provides employment and income for employees o Pay taxes to governments [company tax and payroll tax] o Undertakes investment, which leads to economic growth o Produces a wide range of products giving consumers greater choice o Improves our quality of life o Provides a training ground for future businesspeople [entrepreneurs] o Creates value, which encourages economic growth o Encourages competition which results in cheaper products o Provides income for business owners o Encourages research and development into new products [invention] and improved products [innovations] o Helps provide owners with challenges and rewards The nature of a business [page 7-19] ➢ Producing goods and services o ...
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