logging in or signing up IB Business and Management BUSINESS ORGANISATION AND ENVIRONMENT 1.1 T BusinessManagement Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: Embed: Flash iPad Copy Does not support media & animations WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 503 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: June 29, 2012 This Presentation is Public Favorites: 0 Presentation Description IB Business and Management BUSINESS ORGANISATION AND ENVIRONMENT 1.1 The Nature of Business Activity II Comments Posting comment... Premium member Presentation Transcript Slide 1: IBBusinessandManagement.com IB Business and Management The IB Diploma Business and Management course delivered IN STYLE, ONLINE. © Slide 2: Factors of production z To produce a good or provide a service, resources must be used Factors of production Are the inputs (or resources) necessary for the production process Land All natural resources labour Physical & mental effort used in the production process capital All non-natural (i.e. manufactured) resources used in producing other products enterprise Entrepreneurship – management, organization & planning of the other f.o.p. Slide 3: z Land All natural resources labour Physical & mental effort used in the production process capital All non-natural (i.e. manufactured) resources used in producing other products enterprise Entrepreneurship – management, organization & planning of the other f.o.p. Physical land of school grounds Solar power generating heating & electricity Teachers & teaching assistants Technicians & support staff Cleaners Accountant & business manager Buildings Technology Furnishings Funds in bank Department heads Management team Board of directors Finance director Natural resources for producing plastics, rubber, glass & steel Assembly line workers Engineers Designers Quality controllers Distributors/agents Manufacturing plant Machinery Technology Stock of components Retained profits Production managers Ceo Finance director Marketing director Sales managers Slide 4: Income is the returns for factor inputs z land rent labour capital enterprise wages interest profit Income Factors of production Slide 5: In the production of a particular product there can be further specialization of a particular activity specialization A business concentrates on a the production of a particular good or service (or a small range of products) z Slide 6: z specialization Slide 7: z specialization Slide 8: z specialization Slide 9: Business functions z Question 1.1.3: p. 12 Slide 10: Business sectors z primary secondary tertiary Businesses involved in the cultivation or extraction of natural resources The construction & manufacturing of physical products The provision of services to customers Slide 11: Changes in economic structure z As an economy develops (gets more advanced), economic activity shifts primary secondary tertiary Slide 12: Changes in economic structure z Slide 13: Changes in economic structure z Slide 14: Changes in economic structure z Slide 15: z Changes in economic structure Slide 16: z Changes in economic structure Structural change refers to the shift in relative share of national output & employment that occurs in each business sector 1950 1995 Slide 17: The shift towards services – why? z Higher household incomes More leisure time ↑ Reliance on support services Question: 1.1.4, p. 15 You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.