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Prelim Business Notes

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Year 11 business studies summary notes, including all topics covered over the entire prelim year.

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56 Pages Complete Study Notes < 1 Year old
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Topics this document covers:
Economy Business Entrepreneurship Business models Small business Bank Financial capital Privatization Marketing Market Inclusive business model Market penetration
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 Entrepreneurship Business models Small business Bank Financial capital Privatization Marketing Market Inclusive business model Market penetration
Sample Text:
1.2 Functions of a Business Profit- Return or reward that businesses receive for producing products that consumers need or want PROFIT: A business receives money (sales revenue) from its customers in exchange for goods and services. If a business sales revenue is greater than its operating expenses, a profit is made. Profit is what remains after all expenses have been deducted. Becomes property of owners. E...
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