{"id":9,"date":"2022-06-01T15:02:43","date_gmt":"2022-06-01T14:02:43","guid":{"rendered":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n5businessmanagement\/?page_id=9"},"modified":"2022-06-01T17:49:09","modified_gmt":"2022-06-01T16:49:09","slug":"understanding-business","status":"publish","type":"page","link":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n5businessmanagement\/understanding-business\/","title":{"rendered":"Understanding Business"},"content":{"rendered":"<p><strong>Role of Business in Society<\/strong><\/p>\n<ul>\n<li>Factors of production, ie land, labour, capital, and enterprise.<\/li>\n<li>Production of goods and provision of services, eg non-durable, durable, assets.<\/li>\n<li>Consumption of goods and services.<\/li>\n<li>How businesses satisfy human wants and create wealth.<\/li>\n<li>How businesses operate in sectors of industry &#8211; primary, secondary, and tertiary.<\/li>\n<li>Different sectors of the economy, ie private, public, and third.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Customer Satisfaction<\/strong><\/p>\n<ul>\n<li>How businesses maximise customer service.<\/li>\n<li>How businesses measure customer service.<\/li>\n<li>Why customer service is important for business success.<\/li>\n<\/ul>\n<p><strong>Types of Business Organisation<\/strong><\/p>\n<ul>\n<li>Ownership, control, decision-making, advantages and disadvantages of different types of organisation:\n<ul>\n<li>Sole trader<\/li>\n<li>Partnerships<\/li>\n<li>Private limited companies<\/li>\n<li>Local government organisations<\/li>\n<li>Social enterprises<\/li>\n<li>Non-profit-making organisations\/charities\/voluntary organisations<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>How enterprising skills and qualities help business development, eg decision-making, determination, creativity.<\/li>\n<li>Business plans documenting how organisations intend to operate and develop.<\/li>\n<\/ul>\n<p><strong>Objectives<\/strong><\/p>\n<ul>\n<li>How objectives affect the operation of, and decisions made in, the different types of organisations listed above:\n<ul>\n<li>Profit<\/li>\n<li>Provision of a service<\/li>\n<li>Social responsibility<\/li>\n<li>Survival<\/li>\n<li>Customer satisfaction<\/li>\n<li>Market share<\/li>\n<li>Enterprise\/innovation<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Role of Business in Society Factors of production, ie land, labour, capital, and enterprise. Production of goods and provision of services, eg non-durable, durable, assets. Consumption of goods and services. How businesses satisfy human wants and create wealth. How businesses operate in sectors of industry &#8211; primary, secondary, and tertiary. Different sectors of the economy, [&hellip;]<\/p>\n","protected":false},"author":79984,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n5businessmanagement\/wp-json\/wp\/v2\/pages\/9","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n5businessmanagement\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n5businessmanagement\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n5businessmanagement\/wp-json\/wp\/v2\/users\/79984"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n5businessmanagement\/wp-json\/wp\/v2\/comments?post=9"}],"version-history":[{"count":5,"href":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n5businessmanagement\/wp-json\/wp\/v2\/pages\/9\/revisions"}],"predecessor-version":[{"id":96,"href":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n5businessmanagement\/wp-json\/wp\/v2\/pages\/9\/revisions\/96"}],"wp:attachment":[{"href":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n5businessmanagement\/wp-json\/wp\/v2\/media?parent=9"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}