Contents
Unit 1: Exploring Business
Module objectives
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Objectives
Features of Businesses
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Features of Businesses
Ownership and Liability
Private Businesses
Sole Traders
Exercise 1
Partnerships
Private Limited Companies
Public Limited Companies
Exercise 2
Cooperative Companies
Public Organisations
Not-for-Profit Organisations
Purpose
Video case study – The Purpose of a Business
Sectors
Scope of Business
Case Study: Museum Wales
Size
Reasons for Success
Case Study: Admiral
Stakeholders and their Influence
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Stakeholders and their Influence
Internal Stakeholders
External Stakeholders
External Stakeholders 2
Stakeholder Influences on business success
Case study - External stakeholders
Effective business communication
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Effective Business Communications
Written Communication
Spoken Communication
Online Communication
Module 1: Exploring the Features of Businesses

Sectors

Businesses can also be classified according to the sector in which they operate.

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