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Unit 1: What is a business? - Coggle Diagram
Unit 1: What is a business?
1.1
To explain how business activity combines human, physical and financial resources to create goods and services
functional areas
To explain the main sectors of industry and the impact of sectoral change of business activity
Sector of industry
Integration
1.2: Business Entities
Business Structure
Cooperatives and Social enterprises
Cooperatives: Workers, consumer, producer
Social enterprises: for profit, non-profit
Private and public sectors
1.3: Organisation and objectives
Vision and mission
Aims
SMART Objectives
Strategic, Tactical, operational
ethical objective
Ethics and Corporate social responsibility
1.4: Stakeholders
Internal / external stakeholder
mutual benefits and Conflicts
1.5: Growth and evolution
Organic and inorganic growth
Growth method
Ansoff's matrix
Business Size
Economies of scale / diseconomies of scale