This is Mr McGowan's blog for Standard Grade Business Management.

You will find slides, notes and other resources as well as valuable links to other websites to aid your learning.

Saturday 3 February 2007

Area of Study 3: What resources do businesses use?


Foundation Level

General Level*

Credit Level*

3.1

Why do

businesses

locate where

they do?

-where businesses locate

- where the money comes from – owner(s); borrowing

-sources of finance

-factors influencing

location – (market, resources,

infrastructure)

-types of government assistance

- importance of European Union

-globalisation

3.2

How do people

contribute to

businesses?

-why people work

-choosing the right person for the job

-job training

-full-time, permanent, parttime, temporary jobs

- manual, skilled etc

-job/person specification

- selection and recruitment

(internal and external)

-the role of appraisal

-inter-relationship between employees and employers

- changing patterns and employment

3.3

How do

businesses use

information?

- what information is and where it comes

from

- using computers to generate information – spreadsheets, databases, desk top publishing, word processing, networks, etc

- importance of good communications

- internal and

external sources of

information

- using computers to generate information and make decisions

- evaluation of information

-using information to monitor and control business

3.4

How do businesses operate?

- how businesses make products or

provide services (input, process, output)

- how do products get to consumers?

- job, batch and flow processes

- people v machines

- distribution options

- stock control

- quality assurance

- customer service

3.5

What are the challenges facing businesses?

- competition from home and abroad

- limited availability of resources & funding external)

- internal and external pressures

- appreciation of the impact on business of current political, legislative, social

and environmental issues (PESTEC)

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