Understanding Business1.1 - Business Activity

LEARNING OUTCOMES

Business Management (National 5)

N5 Bus Man – 1.1 Business Types: Learning Outcomes

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Learning Outcome 1

I understand WHAT businesses do.

Success Criteria

I can identify and describe the different GOODS and SERVICES that businesses provide.

I can describe the PRODUCTION PROCESS that is used to provide goods and services.

I can explain how production generates WEALTH.

I can describe the different FACTORS OF PRODUCTION that businesses use in production.

N5 Bus Man – 1.1 Business Types: Learning Outcomes

© BEST Ltd Licensed to: Turnbull High School

Learning Outcome 4

I understand how businesses try to SATISFY CONSUMERS.

Success Criteria

I can explain what happens at each stage of the BUSINESS CYCLE.

I can outline how MARKETING staff help to satisfy consumers in the business cycle.

I can outline how MARKETING staff help to satisfy consumers in the business cycle.

I can outline how HUMAN RESOURCE MANAGEMENT (HRM) staff help to satisfy consumers in the business cycle.

I can outline how FINANCE staff help to satisfy consumers in the business cycle.