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The role of businesses in combining human, physical and financial resources to create goods and services
The main business functions and their roles:
• human resources
• finance and accounts
• marketing
• operations
Primary, secondary, tertiary and quaternary sectors
The nature of business activity in each sector and the impact of sectoral change on business activity
The role of entrepreneurship (and entrepreneur) and intrapreneurship (and intrapreneur) in overall business activity
Reasons for starting up a business or an enterprise
Common steps in the process of starting up a business or an enterprise
Problems that a new business or enterprise may face
The elements of a business plan
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