O'Level  &

What are the difference between an incorporated and unincorporated business entity and different forms of businesses

Grants, tax incentives, low-cost loans, facilities or rental free premises and training support

Because it encourages economic growth, reduce unemployment, increase competition while ensuring price stability and balance of payment

Business growth is a key business objective

Why are some businesses small

Size of capital employed, market share, revenue/output volume, number of employees

Internally or externally

The key business objectives are profit, market share, growth and survival

By primary, secondary or tertiary sectors

Industrial structures are determined by the different sizes of the industrial sectors in the national economy.

What is private and public sector?

The difference between the product price and cost of materials or resources used to produce it.

Opportunity cost happens when we forgo an alternative activity or use of resources to produce goods and services. The benefits from...

Producing one or very few products to maximize productivity with limited resources

An indication of the number of staff supervised by a manager

A person takes risk and makes decision to organise resources to produce goods and services

How external factors such as globalisation and government influence business and business decisions under different economic conditions.

Understand the importance of financing to businesses, suitable financing options, forecasting and financial performance evaluation needs

How productivity, efficiency improves output, reducing cost with suitable production methods and quality management in a preferable location

Understand why marketing is important, how to formulate a marketing strategy using marketing mix from market research and segmentation.