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POB Syllabus

The document outlines the syllabus for a Principles of Business course, covering key topics such as the nature of business, internal organizational environment, establishing a business, legal aspects, production, marketing, business finance, government roles, social accounting, and global trade. Each section details specific concepts, types, and factors relevant to business operations and management. The syllabus emphasizes the importance of understanding both local and global business environments.

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5 views

POB Syllabus

The document outlines the syllabus for a Principles of Business course, covering key topics such as the nature of business, internal organizational environment, establishing a business, legal aspects, production, marketing, business finance, government roles, social accounting, and global trade. Each section details specific concepts, types, and factors relevant to business operations and management. The syllabus emphasizes the importance of understanding both local and global business environments.

Uploaded by

mialikestoread1
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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PRINCIPLE OF BUISNESS

SYLLABUS
Section 1: The Nature of Business
• Definition of business
• Characteristics of business
• The role of business in society
• Business and economic activities
• Types of businesses:
• Sole trader
• Partnership
• Companies (private and public)
• Co-operatives
• Franchises
• State corporations
• Classification of businesses (private vs.
public sector, profit vs. non-profit
organizations)
• The role of the entrepreneur
• Factors of production (land, labor, capital,
entrepreneurship)
Section 2: Internal Organizational
Environment
• Organizational structure
• Levels of management
• Functions of management (planning,
organizing, directing, controlling)
• Leadership styles (autocratic, democratic,
laissez-faire)
• Communication in business
• Importance of teamwork

Section 3: Establishing a Business


• Steps in establishing a business
• Sources of business ideas
• Feasibility study
• Business plan
• Choice of location
• Factors affecting location decisions

Section 4: Legal Aspects of Business


• Legal requirements for establishing a
business
• Types of business ownership (sole trader,
partnership, company, co-operative)
• Contracts (elements, types, termination)
• Consumer protection laws
• Intellectual property rights
Section 5: Production
• Types of production:
• Primary (extraction of natural resources)
• Secondary (manufacturing and construction)
• Tertiary (services)
• Cottage industries (small-scale, home-based
businesses)
• Factors of production (land, labor, capital,
entrepreneurship)
• Linkages in production (forward and
backward)
• Productivity and efficiency
• Quality control in production
• Impact of technology on production

Section 6: Marketing
• Definition of marketing
• The marketing mix (product, price, place,
promotion)
• Market research (methods, importance)
• Advertising and sales promotion
• E-commerce and digital marketing
• Consumer behavior

Section 7: Business Finance


• Sources of finance (internal and external)
• Types of business expenses (fixed and
variable costs)
• Budgeting and financial planning
• Profit and loss calculation
• Financial statements (income statement,
balance sheet
Section 8: Role of Government in an
Economy
• The role of government in business
• Types of taxation (direct and indirect)
• Government regulations affecting
businesses
• Incentives for businesses (tax breaks,
subsidies)
• The impact of government policies on
businesses

Section 9: Social Accounting and Global


Trade
• Social responsibility of businesses
• Business ethics and ethical issues
• The role of corporate social responsibility
(CSR)
• International trade (imports, exports, trade
barriers)
• Effects of globalization on businesses

Section 10: Regional and Global Business


Environment
• Regional integration (CARICOM, CSME)
• Trade agreements (WTO, FTAs)
• Foreign exchange and exchange rates
• Impact of multinational corporations
• Economic challenges in regional and
global trade

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