Teaching Outline for Theme 2 (Unit 2): Managing Business Activities
Planning a Business and Raising Finance
- Content and relevance of a business plan
- Internal finance: owner’s capital, retained profit, sale of assets
- External finance: various sources and methods
- Different forms of business: sole trader, partnership, private limited company, etc.
- Growth to public limited companies and stock market flotation
- Liability
Operations
- Efficient use of resources to deliver goods or services effectively and to a high quality
External Influences on Business
- Economic and legal factors affecting businesses
- The effects of competition on businesses
Quantitative Skills
- Students need to acquire competence in quantitative skills relevant to this unit
