Skip to content

Course home

x
Sign up
x

What is a business?

What is a business?

A business is an organisation that produces goods or supplies services to satisfy customers' needs and wants. It combines resources to create something customers are willing to pay for.

1.1 The purpose and nature of businesses Lesson

  1. GCSE
  2. /Business
  3. /1.1 The purpose and nature of businesses

Step-by-step lessons on AQA GCSE Business 1.1 The purpose and nature of businesses, covering 1.1.1 Purpose and reasons for starting a business, 1.1.1b Goods and services, needs and wants, 1.1.2 Factors of production and opportunity cost, 1.1.3 Basic functions and types of business, 1.1.4 Enterprise and entrepreneurship, 1.1.4b Characteristics of an entrepreneur, 1.1.4c Objectives of an entrepreneur, and 1.1.5 Dynamic nature of business. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.

Lessons