What is a Business?

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GCSE Business Studies: What is a Business? This presentation relates to Chapter 1 of the Unit 1 course textbook

Transcript of What is a Business?

Jack Padmore has just set up a business renting out bouncy castles. His children loved playing on bouncy castles and he had often hired one for birthday parties. It looked the sort of business he could do too in his spare time to earn some extra money

TEXTBOOK CASE STUDY

Businesses make goods and provide services. To do this they buy resources such as raw materials, labour, equipment and machines

Jack Padmore’s Bouncy Castle Rentals

RESOURCESThink of all the resources Jack might use to make his business a success

Resources Used

Businesses make goods and provide services. To do this they buy resources such as raw materials, labour, equipment and machines

Jack Padmore’s Bouncy Castle Rentals

RESOURCESThink of all the resources Jack might use to make his business a success

Resources Used

Petrol for his van

Electricity for the pump The

bouncy castle

The pump

Van

His time (labour)

Advertising

CUSTOMERSThink of the different customers Jack

might need to make his business a success

Jack Padmore’s Bouncy Castle Rentals

SUPPLIERSThink of the different suppliers Jack might use to make his business a success

CUSTOMERSThink of the different customers Jack

might need to make his business a success

Jack Padmore’s Bouncy Castle Rentals

SUPPLIERSThink of the different suppliers Jack might use to make his business a success

Bouncy castle manufacturer

Garage (van supplier)

Garage (petrol)

Garage (van servicing)

Individuals (birthday parties)

School (summer fair)

Pub (special event)

Business (works party)

Charity (fund raising)

Create A Mobile BusinessDesign the van and list the Resources, Suppliers and Customers for your mobile business

Resources Suppliers Customers