Ebs chapter 1 - Introduction to Business Activities
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Transcript of Ebs chapter 1 - Introduction to Business Activities
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CHAPTER ONE
INTRODUCTION TO BUSINESS ACTIVITIES
EBS Chapter 1
WHAT/WHO/WHERE/WHY/WHEN & HOW?
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Businesses add value to the community by:
Contribute to wealth of country
Provide jobsfor people
Provide goodsand services to
people
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Goods-producing Service
Produce goods that can be SEEN and TOUCHED
Produce services that CANNOT be seen or touched
but can be EXPERIENCED
Produce goods with the use of machines and/or labour
Services are performed when sellers interact with customers
Examples Examples
Creative Technology Ltd – manufacture sound cards for
computers
Chan Brothers Travel – Travel and tourism
Breadtalk – breads, pastries and cakes
Jean Yip Hairdressing – for hair treatments and services
TYPES OF BUSINESSES
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Resources
Land Labour
EnterpriseCapital
EBS Chapter 1
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GettingMoney
Personal Savings
Loan from family membersor friends
Trade Credit*Pay your
suppliers later
Bank Loan
EBS Chapter 1
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Interest Calculation
Interest = Amount borrowed x Rate of interest
per year
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What affects Businesses
Economic Demographic
Political and legal
Social
GlobalTechnological
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Competition
Direct(Sells same/
similar products)
Indirect(Sells products that meet
the same needs of customers)
Fast food McDonald Burger King
Fast food KFC MosBurger
Petrol Shell Caltex
Movies Cathay Shaw
School Shoes Bata Converse
Smartphones Apple Blackberry
TS Vision / Video Ezy
Golden Village
Swensons’ McDonald
KFC Pizzahut
EBS Chapter 1