1 Understanding business activity This section familiarises the original ideas and concepts of business and includes the purpose and nature of business activity and how businesses can be classified. Grow knowledge and understanding of the major groups and organisations within and outside business, and study ways in which they are able to influence objectives, decisions and activities.Advance knowledge and understanding of how the key types of businesses are organised, financed and operated, and how their relations with other organisations, customers, employees, owners and society are regulated.Understand the viewpoints of a range of stakeholders in relation to the business environment, individuals, society, government and enterprise.Obtain a foundation for further study of business or other subjects.Develop an awareness of the nature and importance of innovation and change within the context of business activities. ![]() ![]()
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