Business Studies Form 1 Pupil's BookEast African Publishers |
Contents
INTRODUCTION TO BUSINESS STUDIES | 1 |
BUSINESS AND ITS ENVIRONMENT | 5 |
Business environment | 7 |
Effects of various business environments on a business | 10 |
SATISFACTION OF HUMAN WANTS | 14 |
Characteristics of human wants | 15 |
Difficulties faced in satisfying human wants | 17 |
Economic resources | 19 |
Ethical practices in business | 50 |
THE OFFICE | 53 |
Office layout | 57 |
Office equipment | 60 |
Role of filing in an office | 62 |
Office staff and their duties | 63 |
HOME TRADE I | 68 |
Importance of trade | 69 |
Scarcity choice and opportunity cost | 21 |
PRODUCTION | 24 |
Classification of production | 25 |
Levels of production | 26 |
Occupations related to production | 27 |
Division of labour and specialisation | 29 |
Classification of goods and services | 32 |
ENTREPRENEURSHIP | 35 |
Characteristics of an entrepreneur | 36 |
Business ideas | 37 |
Evaluating a business opportunity | 38 |
A business plan | 39 |
Factors that influence entrepreneurship | 43 |
Causes of business success | 45 |
Classification of trade | 70 |
Types of retail trade | 72 |
Hypermarkets | 76 |
Functions of retailers | 77 |
Types of wholesale trade | 78 |
Functions of wholesalers | 80 |
Documents used in home trade | 82 |
HOME TRADE II | 87 |
Terms of payment in home trade | 93 |
REVISION EXERCISE | 99 |
Business Ideas | 101 |
Ethical Issues in Business | 103 |
Common terms and phrases
agents and brokers areas bank bill of exchange business activities business environment business ideas business opportunity business owners business plan Business Studies buyer capital Chapter Summary Characteristics cheque commodity computers consumers copies costs customers delivery note Direct production Disadvantages discount distribution division of labour durable Economic resources employees entrepreneur entrepreneurship example factors of production filing functions hire purchase home trade individual investment invoice involves issues in business Kenya machines maize Maliki manufacturers means of payment merchandise wholesalers office equipment office etiquette office layout Open air market operate opportunity cost ordinary money order organisation's payee person post office premium bonds profit promissory note quantities satisfy human wants secondary wants sell seller Small-scale retail specialisation specific staff student success Supermarkets Task Terms of payment types unethical Unique Selling Proposition utility workers