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