Search
IB Business Management: 
1.1 What is a business?
This topic introduces IB Business Management. It explains what a business is and what businesses do. It outlines the main business functions and explains the different sectors of industry. Entrepreneurship and the reasons for setting up a business are examined, as too are the challenges and opportunities that arise when establishing a business.

Key learning outcomes:

  • Explain the role of organisations in combining human, physical and financial resources to create a product.
  • Analyse the main business functions: human resources, finance, marketing and operations.
  • Explain the nature of business activity in the primary. secondary, tertiary and quaternary sectors.
  • Identify the reasons for starting a business, the common steps involved and likely challenges a new business may face.
  • Analyse the key elements of a business plan – BMT

IB Business Management 1.1 WHAT IS A BUSINESS?
SUMMARY NOTES

IB Business Management: 1.1 What is a business? teaching and learning PowerPoint notes for HL and SL IB Business Management

PROGRESS CHECK  – Test your understanding by completing the activities below

You have a range of practice activities, interactive flash cards, exam practice questions, interactive quizzes and classroom games to ensure you and your students have complete mastery of the IB Business Management requirements for the 1.1 Introduction to business topic.

USE THE FLASHCARDS IN ALL STUDY MODES

IB Business Management
1.1 What is a business?
Student learning activity A
IB Business Management
1.1 What is a business?
Student learning activity B
IB Business Management
1.1 What is a business?
Student learning activity C
IB Business Management
1.1 What is a business?
Exam practice questions
IB Business Management interactive quizzes and classroom games
Test how well you know the IB Business Management Introduction to Business Management: What is a business? topic with the interactive self-assessment quizzes below. Each interactive quiz selects 30 questions at random from a larger question bank so keep on practicing! Aim for a score of at least 80 percent.
© Burton Inc. and VIBE Education Ltd.  2012-2023. All rights reserved.