Unit 1: Introduction to Business Management
Revision Notes:
Understanding business, Business sectors, Reasons for starting a business, Types of business entities- sole traders, Types of business entities- partnership, Types of business entities – privately held company, Tupes of business entities – publicly held company, Types of business entities- cooperatives, Business objectives, Stakeholders, Business growth and evolution, Economies of scale, Franchising, Joint venture, Strategic alliance, Multinational companies
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Unit 2: Human Resource Management
Unit 3: Finance and Accounts
Revision Notes
Capital and revenue expenditure | Sources of finance | Costs and Revenue | Financial accounts – Profit andf loss accoiunt, Final accounts – Balancde sheet | Depreciation | Profitability and liquidity ratios, | Efficiency ratios| Cash flow | Investment appraisal | Budgecting/variance analysis
