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Business Studies
Our business studies section offers comprehensive resources designed to deepen your understanding of fundamental business principles. Explore topics ranging from marketing to operations, tailored to support both academic and professional growth.
Consumer Protection
Consumer protection laws are legal frameworks established to safeguard consumers' rights and promote fair business practices. These regulations address various aspects of consumer-business interactions,...
Business Environment
The business environment encompasses external factors that influence a company's operations and performance. These include economic conditions, market trends, government regulations, and technological advancements....
Types of Organisation
Organizations are structured entities established to accomplish specific goals and objectives. They come in various forms, each with distinct characteristics and legal frameworks. The...
Vision
Vision is a critical sensory function for humans, enabling perception of the surrounding environment, spatial navigation, and interpersonal interactions. It facilitates appreciation of natural...
Business Cycle
The business cycle is a natural and inevitable process that all economies experience. It is characterized by fluctuations in economic activity, including periods of...
Types of business organisations
The main types of business organisations in the private sector in the UK are:
sole traders
partnerships
companies
franchises.
The sole trader
The sole trader is the most common form...
Industrial sectors
The main types of business organisations in the private sector in the UK are - sole traders, partnerships, companies and franchises.
The sole trader is the...
Decision making
A business organisation is a decision-making unit that sets out to produce a product in the form of goods or services. Key decisions need...
Business structure
Every organisation made up of more than one person will need some form of organisational structure. An organisational chart shows the way in which...
The Business Cycle
Economic growth is measured by changes in the size of a nation’s income. There are a variety of ways to calculate national income, the...
Skills and Competencies
Core competencies are the skills that allow a business to deliver a benefit to customers, and capabilities that are critical for a business to achieve a...
Motivation
Motivation is the driving force behind human actions and behaviors, both in personal and professional settings. Motivated employees are more productive, innovative, and committed...
Managing Change
Change is an inevitable and fundamental aspect of organisational growth and development. In today’s rapidly evolving business landscape, companies must adapt to shifting market...
Training and development
Today people are often the key resource of a firm and their employees can make up at least two-thirds of all costs. Well-managed training...
Product life cycle
The product life cycle is the period over which it appeals to customers. The sales performance of any product rises from nothing when the...
Market planning
Market planning is the process of developing and implementing a plan to identify, anticipate and satisfy consumer demand, in such a way as to...
The marketing mix
The marketing mix is often referred to as the '4 Ps', i.e. product, price, place and promotion. To meet customers' needs a business must...
Sources and uses of finance
There are a number of ways of raising finance for a business, below we examine the sources and uses of finance. The type of...
Use of personal income
There are a number of ways of raising finance for a business. The type of finance chosen depends on the nature of the business....
Organisations that provide financial services
Banks like Abbey provide a number of important financial services to businesses:
Loans provide businesses with expansion capital. A secured loan is one that is...