BUSINESS MANAGEMENT UNIT 1/2 - HOMEWORK

NAME: ______

Complete all the tasks during the school holidays.

Please Note: You will need to hand in your work in your first Business Management lesson in 2016

rite your responses in the spaces provided.

Task One

Define the following words using a dictionary, the Internet or another resource.

Organisation
Objective
Efficiency
Market Share
Business
Strategy
Effectiveness
Shareholder
Charity
Productivity
Stakeholder
Independence
Ethics
Indicator
Performance

Task Two

For this task, you will need to conduct some research on a business of your choice. The business might be one where you work part-time, where you shop regularly or where you know an employee (a worker). Alternatively, you can research a business on the Internet, newspaper or magazine. Complete the table below for the task, ensuring that you state the source of information that you have used for your information.

Business Name
Business Address
Products and/or service provided by the business
Is the business small or large? Explain.
Describe the business’ customers.
Describe the business’ competitors.
Describe any changes that the business has experienced in the last 12 months (e.g. new competitor; new product; etc.)
Describe people that the business would use to help it to operate effectively (e.g. accountant).
Is the business ‘successful’? Explain giving reasons for your answer.

Task Three

Read the questions below and then read the article below. As you read the article, use a highlighter or pen to underline information that you think will help you to answer the questions. Once you have highlighted the information in the article, answer all the questions.

1)State why Christian Blanchard decided to study photography at TAFE.

2)Outline the business skills that Christian learned with Site Unseen.

3)List the main events that Fuse Photography services.

4)Describe the support that Christian received from the Small Business Development Corporation (SBDC).

5)Identify why Christian Blanchard decided to study photography at TAFE.

6)Identify Christian’s two goals for the future.

7)Describe a strength that Christian believes he possesses.

8)List two challenges that Fuse Photography faces.

9)Describe some of the things that Christian recommends young people should do before they start a business of their own.

10)Read the last two sentences of the article. Explain whether you believe you would need drive, motivation and commitment to succeed in business. Justify your response.