Using cost-benefit analysis to appraise investments (MP3) 
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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.
Creating and evaluating your business plan
A business plan is a description of a business and its plans for the next one to three years. It explains what the business...
Support and advice to business
There are a number of bodies that provide support and advice to businesses, ranging from the local Chamber of Commerce or Chamber of Trade to...
Constraints
A business plan needs to be realistic, so it is important to set out in detail the constraints that are likely to act as...
Understanding Functional Areas Within a Business
In the complex world of business, understanding how organisations structure themselves is essential for efficient operations and effective communication. Functional areas within a business...
Organisational structures
Organisations have a formal structure which is the way that the organisation is organised by those with responsibility for managing the organisation. They create...
Organisational functions
The functions of a business are the key specialisms that it is divided up into such as marketing, accounts, production, etc. In the past,...
Business activity
Business activities are those which are concerned with seeking to meet the needs of customers by providing a product or service that they require....
The structure of a business
In the UK and most other countries, business is structured in such a way that most activity takes place within the private sector with...
Internal organisation
The internal organisation of a business is the way in which it is structured to carry out its various activities. A lot of attention...
Business Expansion
Business expansion is a strategic decision that requires thorough analysis and planning. Companies may choose to expand for various reasons, including meeting increased customer...
Setting aims and objectives
An objective is the end or ends that an organisation is trying to achieve. Typically, objectives will be set at a number of levels,...
Criteria for judging success
There are different views about what makes a successful business. Typically success should be judged by the ability to meet objectives.
Criteria for judging...
Understanding Business Objectives: The Backbone of Organisational Success
Understanding business objectives are the guiding principles that drive a company’s activities towards achieving its mission and vision. They serve as a roadmap, directing...
Measuring performance against objectives
Management accounting uses financial information in order to enable better decision making within the organisation. The format and content of management accounts will depend...
Aims and objectives
The importance of business aims and objectives, in the world of business, clarity and direction are essential for success. Every organisation, whether it’s a...
Business objectives planning and stakeholders
Business objectives
Business objectives are the ends that an organisation sets out to achieve. A business creates business plans to enable it to achieve these...
Investigating job roles
Organisations are structured in radically different ways ranging from relatively fixed structures with positions, rules, and established chains of communication to dynamic structures in...
Recruitment selection and training
Recruitment, selection, and training are fundamental processes that shape the workforce of organisations. In a rapidly changing business environment, having the right employees is...
Rights of employees and employers
Disputes between employers and employees (and/or their representatives) usually occur when all the available channels of discussion and negotiation have been tried. Reasons for...
Conflict at work
Disputes between employers and employees, or their representatives, are commonplace in workplaces. Such disputes often arise when all available channels of discussion and negotiation...