Background of Business

Business and Accounting Studies Grade 10

Background of Business 

Chapter 1.1 

Content 

• The concept of business. 
• Aims of business. 
• Consumer needs and wants 
• Businesses that produce goods. 
• Businesses that produce services. 
• Factors of production.

Learning Objectives

• Defines the concept of business with knowledge and awareness.
• Indicates the aim of business.
• Explains how businesses fulfill consumer needs and wants.
• Provides examples of businesses that produce goods and businesses that provide services.
• Indicates the importance of factors of production.