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Year 11 Business Studies Assessment 1 - Nature of Business

Business Studies

5 Pages Essays / Projects Year Uploaded: 2022

Synopsis: Now that businesses have come out of COVID 19 restrictions and are opening up their doors, the financial packages including grants and subsidies have contracted. Students are to write a REPORT on the relationship of ONE business in the local area and the environment in which they operate. Students may use information gathered from interviewing business owners/managers/employers/family/friend business operators and/or accessing media files. The following syllabus content should be used as a checklist to finalise the report: Types of business *** factors influencing choice of legal structure (size, ownership, finance) Influences in the business environment ***external*** (economic, financial, geographic, social, legal, political, institutional, technological, competitive situation, markets) ***internal*** ( products, location, resources, management and business culture) Business growth and decline *** stage of the business cycle *** responding to challenges at each stage of the business cycle

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