Businesses

GCSE Business Studies

Aims and Objectives

Aim:
Level

Understand what a
business does.
Objectives:

E-D

Define a business

C-B

Explain the purposes of

businesses

A-A*

Describe production, suppliers,

customers and markets.

Starter
TASK 1:
Can you identify what each of the
following peoples businesses are?

Entrepreneur 1
Newsagent

I re
a
my lly en
j
uni own b oy my
fo
oss
, I d job as
hou rm, s
on
et m
I m
r
i s m s a nd
y o t hav
a
w
ea
i
tho ne! I h ny mo n wor
ugh
kin
ney
ave
t
I
t
oo
ob
ma g
of s
p
eu
p e ke
sch tuf in en, as
a
o
two ol kid the m I sell a rly
orn
s! M
are
lot
i
i
a
n
llo w
d y ng t o
Wh
bro en I g ed in ou, on
wse
ly
at a
et b
ore
t hr
t
i
m
ou
d
and
e.
ma gh th I can
ep
gaz
a
i ne
s... pers
....

Entrepreneur 2
Fashion Designer
For my job I have to watch a lot
of TV and read celeb
magazines such as Heat and
Look. I love vibrant bright
colours and unique designs. My
customers like my products
because they are always
changing and reflect what they
are seeing in magazines and
on TV. I do a lot of drawing,
cutting out and sewing and sell
what I make in my shop..........

Entrepreneur 3
Barber

My business doesnt sell goods,

well not many anyway, only
one or two. My customers often
look very diferent when they
leave my business to when
they come in. Women dont use
my business as they go
elsewhere for what they want
and need. I am on my feet all
day, and I hire a lad to clean up
for me in-between
customers.....

Entrepreneur 4
Builder
I work inside and outside, its
nice outside in the summer,
but hard work in the winter! I
employ three guys who help
me out with my job. They each
have their own speciality as do
I. I do a lot of manual work and
have to transport all of my
things in a van. I have built up
a really good reputation in the
local area and get a lot of
business through word of
mouth and
reputation..................

What do they have in

common?
TASK 2:
List your thoughts on what you
think these four people all have in
common?
They all own/run small
businesses!

Small Businesses
4 million businesses in the UK.
83% are small businesses employ less
than 50 people.
200,000 new businesses each year in UK.
20,000 of them fail in their first year!
100,000 fail after 5 years!

Purpose of Businesses

Large

Small

List 5 large well known businesses

List 5 small businesses (less than 50 workers).

Purpose of Business
What do these businesses have in common?

Provide Goods

AN
D
/
Provide Services
OR

Hair
cuts,
a
bus
ride,
financial
advice
Next to your ten businesses identify the
Petrol, iPads, Computers

products and/or services which they provide.

Production
Innocent started as a small
business.
Brainstorm in pairs all of the
resources that Innocent will have to
use
to make and sell
their drinks.

Production

Production
Production

Machinery

Labour
(Workers)

Raw
Materials
(from
Earth)

Electric

Water

Delivery
Vans

Suppliers, Consumers and

Markets
A business which sells
SUPPLIERS

BUYS FROM
SUPPLIERS
BUSINESS
SELLS
GOODS AND
SERVICES

CONSUMERS

products to another
business.

ALL
OPERAT
E IN A
MARKET

Where
buyers
and
sellers
meet to
exchang
e goods.

The person who uses/buys

the good or service.

Plenary

Plenary