Explain the different sectors of the economy, and state which sector your organisation falls under.
business
Description
Task 1 of 3 Word Portfolio
(ACs 1.1, 1.2, 2.1, 2.2, 5.1 & 5.2)
Instructions
Select an organisation for
which you can find details and information easily and perform the following
task:
1. Explain the various
resources required by a business to function effectively.
2. Explain the different
sectors of the economy, and state which sector your organisation falls under.
3. Summarise the main types of
legal structure, and explain which one is used by your chosen organisation
4. Copy the Business Objectives
of the organisation and underline key business terms
You should then explain what
those business terms mean
5. Create a table identifying
the main stakeholders, their expectations and accountabilities
6. Create a mind map of the
resources required by the organisation
7. An explanation of the
concept of “Assets = Liabilities + Equity” and explain what a budget is
8. A table describing 3 ways to
finance a business, including their advantages and disadvantages
Delivery and Submission
•
▪ 1-word
document containing all of the above
