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
|
O/L Unit 4: The private firm as producer and employer
January 04, 2017Ahmed Xahir
This is a short biography of the post author. Maecenas nec odio et ante tincidunt tempus donec vitae sapien ut libero venenatis faucibus nullam quis ante maecenas nec odio et ante tincidunt tempus donec.
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