Introduction to Business Studies - Form 1 Business Studies Notes

Definition | Basic Terms Used in Business Studies | Components of Business Studies | Importance of Business Studies

Business and its Environment - Business Studies Form 1 Notes

Introduction | Meaning of Business | Purpose of a Business | Business Activities | Types of Business Activities | Importance of Business Activities | Types of Business Environments and their Components | Internal Business Environment | External Business Environment | Healthy Business Environment

Satisfaction of Human Wants - Business Studies Form 1 Notes

Introduction | Characteristics of Human Wants | Types of Human Wants | Goods and Services | Differences Between Goods and Services | Economic Resources | Characteristics of Economic Resources | Classification of Economic Resources | Scarcity, Choice and Opportunity Cost

Production - Business Studies Form 1 Notes

Types of Utility | Form Utility | Place Utility | Time Utility | Possessive Utility | Types of Production | Direct production | Indirect Production | Levels of Production and Related Activities | Primary Level | Secondary Level | Tertiary Level | Different Levels of Production and Examples of Occupations | Factors of Production and their Rewards | Land | Labour (Human Resource) | Capital | Entrepreneurship | Division of Labour and Specialisation | Advantages of Specialisation and Division of Labour | Disadvantages of Specialisation | Classification of Goods and Services Produced in an Economy | Negative Effects of Production Activities on the Community

Entrepreneurship - Business Studies Form 1 Notes

Duties of an Entrepreneur | Importance of Entrepreneurship to an Economy | Characteristics of an Entrepreneur | Business Idea | Contents of a Business Idea | Sources of Business Ideas | Business Opportunity | Evaluating a Business Opportunity | Business Plan | Contents of a Business Plan | Importance of a Business Plan | Factors that Influence Entrepreneural Practices | Causes of Business Success | Causes of Business Failure | Ethical Issues in Business | Need for Ethical Issues in Business (Importance of Business Ethics) | Reasons for Starting a Business

The Office - Business Studies Form 1 Notes

Importance of an Office in an Organization | Functions of an Office | Methods of Reproducing Documents in the Office | Factors to Consider when Choosing a Means of Reproducing Documents | Filing | Filing Systems | Characteristics of a Good Filing System | Forms of Filing | Electronic Filing | Role (Importance) of Filing in an Office | Benefits of Using Latest Technology in Record Keeping | Factors that Determine the Length of Time Documents Should be Stored | Types of Office Layouts | Open Office Layout | Enclosed Office Layout (Private Plan Office) | Landscape Office Layout | Factors to Consider When Choosing an Office Layout | Office Equipment | Functions (Advantages) of Office Equipment | Types of Office Equipment and Their Uses | Other Equipment | Factors to Consider when Choosing Office Equipment | Advantages of Office Machines | Disadvantages of Office Machines | Reasons (Circumstances) for Replacing an Old Office Machine | Office Staff | Managerial Staff | Junior Staff | Subordinate Staff | Duties of Various Office Staff | Essential Qualities of Office Staff | Computers in the Office | Uses of a Computer | Advantages of Using Computers | Disadvantages of Computers | Uses of Computers in Communication | Trends in Office Management

Home Trade - Business Studies Form 1 Notes

Importance of Trade | Classification of Trade | Home Trade | Foreign Trade | Forms of Home Trade | Retail Trade | Wholesale Trade | Documents Used In Hometrade | Means of Payment | Cash Payment | Cheque | Bill of Exchange | Promissory Note | Money Order | Postal Order | Postage Stamps | Premiums Bonds | Banker’s Cheque (Bank Draft) | Credit Cards | Terms of Payment | Types of Terms of Payment | Discounts | Money Remittance Services | Telegraphic Transfer | Standing Order