Topic #
|
Topic
|
Outcome
|
4.1
|
Different types of business
organisation
|
Describe the types of business
organisation in the private sector:
• sole trader (proprietor)
• public limited company
• multinationals
• co-operatives
Describe the type of business
organisation in the public sector:
• state-owned enterprise (public
corporation)
|
4.2
|
Moving sectors
|
Discuss the effects of moving from
the:
• public sector to the private
sector
• private sector to the public
sector
|
4.3
|
Changes in the structure of business
organisations
|
• Describe the effects of changes
in the structure of
business organisations
• Evaluate the effects of changes
in the structure of business organisations
|
4.4
|
Demand for factors of production
|
• Describe what determines the
demand for factors of production
• Distinguish between
labour-intensive and capital-intensive production
|
4.5
|
Productivity
|
• Define productivity
• Recognise the difference between
productivity and production
|
4.6
|
Costs of production
|
• Define total cost
• Define average cost
• Define fixed cost
• Define variable cost
• Perform simple calculations
|
4.7
|
Changes in costs as output changes
|
• Analyse particular situations to
show changes in total cost as output changes
• Analyse particular situations to
show changes in average cost as output changes
|
4.8
|
Revenue
|
• Define total revenue
• Define average revenue
• Perform simple calculations
|
4.9
|
Profit maximisation
|
• Describe the principle of profit
maximisation as a goal
• Recognise that business
organisations may have
different goals
|
4.10
|
Market structure
|
• Describe the characteristics of
perfect competition
• Describe the characteristics of
monopoly
|
4.11
|
Pricing and output policies in
different markets
|
• Describe pricing and output
policies in perfect
competition
• Describe pricing and output
policies in monopoly
|
4.12
|
Size of firms
|
Describe the main reasons for the
different sizes of firms:
• size of market
• capital
• organisation
|
4.13
|
Integration and economies of scale
|
• Describe integration
• Evaluate integration
• Describe economies of scale
• Evaluate economies of scale
• Describe diseconomies of scale
• Evaluate diseconomies of scale
|
4.14
|
Monopoly
|
• Discuss the advantages of
monopoly
• Discuss the disadvantages of
monopoly
|
