O Level Business (7115) About the Paper 0317 8889620 sirkhaweraly @ Preferred Book 0317 8889620 sirkhaweraly @ Introduction to the Subject Why do we need Businesses in an Economy/Country? Because they are the source of Supply for all Goods & Services in an Economy. Without these we wont have our needs or wants satisfied. What is the Main Aim of any Business? Their main Aim is to earn profits, as more as they can by providing quality products to customers. What is Classified as a Business? A French Fries/Juice Corner, A Meat Shop, A Bakery, A SuperStore, A travel Agency, Schools & Colleges, Banks, Car Manufacturers, Oil Drilling Companies, Mining Companies etc, are all Businesses, ranging from Micro, Small, Medium and Large Sizes. 0317 8889620 sirkhaweraly @ Introduction to the Subject The Syllabus Consists of 6 Sections and approximately 28 Chapters 0317 8889620 sirkhaweraly @ Syllabus Contents Basic Understanding about Business Activity 1. Their Objectives 2. Owners Qualities 3. Sizes of Business 4. Different Types of Business 0317 8889620 sirkhaweraly @ Syllabus Contents People within Business 1. Who are Workers/Labor 2. Why are they Important for any Business 3. How to Motivate them 4. How Leader’s Role is important 5. Trainings & Selection of Right Workers 0317 8889620 sirkhaweraly @ Syllabus Contents Marketing 1. Importance of Research 2. How a Product is Made, for Whom and What Need will the Product Satisfy? 3. How to Market the Product to Customers? 4. Pricing of Products? 5. How to Make it Easily Available for all Customers? 0317 8889620 sirkhaweraly @ Syllabus Contents Production Decisions 1. How the Product Should be Made? Which Way of Producing is the Best? 2. Cost of Production should be as Low as Possible 3. Production should Maintain Product Quality 4. Supplier Relationships 5. Which Location for Producing/Supplying will be Best? 0317 8889620 sirkhaweraly @ Syllabus Contents Financial Matters or Financial Decisions 1. From where to Source the Money needed to start any Business Activity? 2. How to Manage the Cash? 3. Measuring the Profitability of Business 4. What to do if Business if Short on Cash/Money needed to Run the Business? 0317 8889620 sirkhaweraly @ Syllabus Contents Impact of Government Decisions, Environment & International Changes on Business. 1. Government Policies such as Taxes or Changes in Labor Laws etc. 2. Changes in Exchange Rates on Business Activity 3. Environmental Impact on Business such as to Produce lesser and lesser CO2 Emitting Engines in Cars 4. Impact of Global Business Changes 0317 8889620 sirkhaweraly @ Thank You !
