CLASSROOM EXPECTATIONS:

We will R.E.S.P.E.CT:
 Ourselves.
 Each Other.
 Our Classroom Environment.
How?
1. Be Thoughtful:
a) Treat EVERYONE with respect - no hitting, name calling or put-downs.
b) Manners: Remember to say please, thank you, and you're welcome.

2. Be Responsible:
a) Accept the consequences of your actions
b) Ask for help if you need it. Teacher or student won’t know you need help,
unless you speak up.
b) Clean up your own mess – room is to remain clean at all times.
c) Think of others before you act.

3. Be Diligent:
a) Always try your best
b) Stay on task
c) Complete all assigned classwork, homework and assignments.

4. Be Respectful:
a) Listen to others (both teacher and student) at all times (one person
talking, then everyone else is listening – both teacher and students)
b) Raise your hands if you have something to say AND if you need to leave
your chair.

Consequences:
1. Verbal Warning = 1st Warning
2. Name on board = Detention (Break 1, 2 or 3 OR Rubbish Pick-Up)
3. Asterisk on your name = Call Home to advise parents of your
misbehaviour
4. Continuous misbehavior = After-school detention/ Organise meeting
with parents.

Rewards for consistently positive and good behavior:

1. Positive Entries on Sentral
2. Positive Phone calls home
3. Merit Awards

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BUSINESS STUDIES GUIDELINES:

1. If a student remains off task during class and

completes minimal work, student will receive
detention and a N-AWARD (if two classroom
tasks are incomplete). If a student tries their best
to achieve the best outcome for themselves by
remaining on task and actively participating,
student will experience no negative
consequences.

2. If a student does not complete two homework

tasks, student will receive a N-AWARD. If a
student completes homework tasks, student will
experience no negative consequences.

3. If student work (class work, homework and

assessments) is not up to a high standard,
student will receive a N-AWARD. If student work
is up to a high standard, student will experience
no negative consequences.

Therefore, TRY YOUR HARDEST EACH AND

EVERY LESSON TO ACHIEVE THE BEST
OUTCOME FOR, YOURSELF.

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Year 11 – Preliminary Business Studies Scope and Sequence – 2018
The following includes the assessments for the year and when you should expect the notification:
TERM 1 2018
WEEK 1 2 3 4 5 6 7 8 9 10 11
Tasks Task 1 Research Half Yearly Task : Half Yearly
Notification Task 1 Notification 0%
Nature of
Business:
25%
Topics Topic 1 – Nature of Business Topic 2 – Business Management Half Yearly Exam
Outcomes P1, P2, P6, P7, P8 P2, P4, P5,P6, P7, P8, P9, P10 P1, P2, P6, P7, P8
TERM 2, 2018
WEEK 1 2 3 4 5 6 7 8 9 10
Tasks Task 2 Task 2: Case
Notification Study
Business
Management:
35%
Topics Topic 2 – Business Management Topic 3 – Business Planning

Outcomes P2, P4, P5,P6, P7, P8, P9, P10 P1, P3, P4, P6,P7, P8, P9, P10
TERM 3, 2018
WEEK 1 2 3 4 5 6 7 8 9 10
Tasks Task 3 Task 3
Notification 40%
P1, P2, P3, P4, P5, P6,
P8, P9, P10
Topics Topic 3 – Business Planning Final Exam

Outcomes P1, P3, P4, P6,P7, P8, P9, P10

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Assessment Schedule for PRELIMINARY BUSINESS STUDIES 2018
The following is a breakdown of what your assessment task will be assessed on and the
weighting each assessment has towards your final mark:

Weighting Task 1 Half Yearly Exam Task 2 Task 3

Week: Term 1 Term 1 Term 2 Term 3
Week 7 Week 10-11 Week 9 Weeks 8-9
2018 2018 2018 2018
Components Task: Research Task Half Yearly Exam Case Study
Nature of Business Yearly
Business Management Exam
Outcomes: P1, P2, P4, P1, P2, P3, P4, P5, P1, P3, P4, P1, P2, P3, P4, P5,
P5, P7 P6, P8, P9, P10 P8, P9, P10 P6, P8, P9, P10

Knowledge and understanding of course

40 10 0 10 25
content
Stimulus-based skills 20 0 10 10
0
Inquiry and research 20 10 10
0
Communication of business information,
20 5 5 5
ideas and issues in appropriate forms

Marks 100 25 0 35 40

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What are the most important aspects to thoroughly
know and understand of ‘Business Studies’ (BST)?

1. Syllabus: The ‘Syllabus’ is the ONLY DOCUMENT that

is used for ALL assessments and examinations for
EVERY subject, including BST. ALL questions for
assessments and examinations are DIRECTLY from
the syllabus. This is why the SYLABUS is so
important and crucial to your success. You are
expected TO KNOW the syllabus from top to
bottom. Also, your answers in your assessment
MUST derive from the syllabus OR YOU WILL NOT
receive marks for it.

2. Business Reports: You will be required to write a

‘Business Report’ for every half and yearly examination
and most assessments. In your HSC course, you are
expected to write two business reports, worth 20 marks
each. That is 40 marks of your HSC exam. The main
parts of a business report include:
○ Title
○ Headings and subheadings for each main point
○ Key words/terms underlined/highlighted
○ Point forms can be used
○ Use of diagrams/flow charts
○ Paragraph in sentence form
○ Formal language, only.
○ Do not use first person.

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3. Past Exam Papers: Throughout the course, we will
complete ‘Past Exam Paper’ questions during class or
for homework. These are extremely important for you
to understand how to address both multiple choice
questions + short response answer questions.

4. Case Studies:
○ A case-study is written document that outlines the
key parts of a business. For example, the
marketing strategies of a business.
○ You NEED to refer to case-studies in your
business reports to achieve higher marks.
○ In class, we will look into detail into case-studies.
○ For homework, you will also be required to analyse
case-studies.

5. Summaries:
○ After each topic, it is ESSENTIAL that you write
topic summaries/overviews.
○ These notes will prove VERY IMPORTANT during
exam periods and for assessments, also.
○ Summaries are common parts of senior study
(Preliminary and HSC), so expect to write and
submit summaries for EACH topic.

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 Syllabus Break-Down:
The following pages of the booklet (page 10-11) is the
‘Syllabus Document’ for the first topic of your preliminary
course: “Nature of Business”.

Each topic will begin with a quick breakdown of the

‘Syllabus’.

‘Nature of Business’ has four main parts and this includes:

1) Role of Business
2) Types of Business
3) Influences in the business environment
4) Business growth and decline

1) Role of Business:
You will first look at the various roles of a business. These
roles include to provide the business and/or consumers
with: “Profit, Employment, Income, Choice, Innovation,
Entrepreneurship and Risk, Wealth and Quality of Life”.

2) Types of Business
The second part of this topic, you will learn the different
ways to ‘Classify a business’ and the different ‘Types of
businesses’ that exist. The different types are based on
the following:

i) Size: Small to Medium Enterprises (SME's, large)

ii) Geographic Location: Local, National, Global
iii) Industry: Primary, Secondary, Tertiary, Quaternary, Quinary
iv) Legal Structure - Sole Trader, Partnership, Private
Company, Public Company, Government Enterprise

3) Influences in the business environment

The third part of this topic, you will learn the various
influences on a business. There are either ‘internal or
external’ influences on a business. These influences
impact the way a business operates. These influences are
extremenly important as they are a major element
throughout the HSC. The influences include:
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 External influences include:
i) Economic
ii) Financial
iii) Geographic
iv) Social
v) Legal
vi) Political
vii) Institutional
viii) Technological
viiii) Competitive Situation
x) Markets

Internal Influences include:

i) Products
ii) Location
iii) Resources
iv) Management
v) Business Culture

4) Business growth and decline:

The last part of the ‘Syllabus’ about the ‘Business Life
Cycle’ and you are to know the different stages of the
business life cycle, the challenges at each stage
and how business overcome these challenges. This
section also discusses the factors that lead to
‘Busness Decline’ and ‘Cessation’ – the liquidation
of a business (sellng of assets).

These are the key parts for this topic. It is

scheduled to be completed in six weeks.

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Year 11 Business Studies: Nature of Business 9
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Year 11 Business Studies: Nature of Business 10
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 Topic One: Nature of Business:
1) The Role of Business
a) The nature of business
i) Producing Goods and Services

A business is an organisation that attempts to satisfy the needs and wants of

the community by providing goods and/or services.

BUSINESS SATISFIES

NEEDS (Community) WANTS (Community)

BY PROVIDING GOODS + SERVICES

How does a business create goods and services?

Goods and Services = Raw Materials + Inputs

Raw Materials = Non-processed material. For example, wheat, flower, water.
Other examples?

Inputs = Labour + Finance + Equipment

Inputs 1) Labour 2) Finance 3) Equipment

What does it Workers Money to make Item for a purpose
involve? goods, for labour (E.G: A stove to
and for produce food)
equipment.

 At each stage of producing the good/service, value is added to the

good or service.
 This is known as value adding.
 For example, when adding all raw materials together with the use of
labour, finance and equipment (inputs), it creates a final good or
service that will be of value.

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Activity Development: What are the raw materials and inputs needed to
produce ‘Ice cream’?

Input (Labour, Finance, Equipment)

Labour:
___________________________________________________________________
___________________________________________________________________

Finance:
___________________________________________________________________
___________________________________________________________________

Equipment:
___________________________________________________________________
___________________________________________________________________

Choose another good/service and explain how the business adds value
to the good/service (must refer to labour, finance and equipment).

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1) The Role of Business:
a) The nature of business
ii) Profit, Employment, Income, Choice, Innovation,
Entrepreneurship and Risk, Wealth and Quality of Life

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 Summarising the ‘Roles of Businesses’:
Activity Instructions:
1. New page in your book
2. Title in your book: Roles of Businesses
3. Write the following ‘summary’ in your books
4. Draw the following table (leave about 5-8 lines between each role)
5. Read pages 4-9 of your textbook
6. Answer the table about EACH role
The key roles of businesses include the following:

ii) Profit: To receive a profit (Revenue-Expenses)

ii) Employment: To provide employment
iii) Income: To provide an income to employees and the
economy
iv) Choice: To provide various goods/services for consumers to
have an increase choice of goods/services (e.g: Nike and
Adidas are choices)
v) Innovation: To allow new ideas to be developed and
implemented. For example, the iPhone X has the innovation of
‘Facial Recognition’.
vi) Entrepreneurship and Risk: To allow entrepreneurs to take
a risk to establish a business.
vii) Wealth: To encourage profit maximisation which increases
the wealth of business owners.
viii) Quality of Life: To improve the quality of life for consumers
by providing a range of goods and services that encourage
health, happiness and well-being (e.g.: healthy food options –
Boost)

Table Analysis: Roles of Businesses:

Role of business: Definition How does Discuss a real-life Keyword/s Other

of this this role example of how it or key relevant
role impact or impacts/influenced a definition/s information
influence real-life business.
a You may use your
business? device for this
section.

Profit The profit is The profit is To increase the profit margin Revenue = The Profit is the
the final the most for ‘Apple’, Apple increased income from a most important
income a important their product range by sale Expenses = role for most
business influence on a producing a range of goods The costs that is businesses. It is
receives. It is business as such as laptops, mp3 players, to be deducted from profit that
the this provides watches, phones and etc. from revenue. allows
‘Revenue- the funds Expenses businesses to
Expenses’ needed to include expand on their
continue with equipment and growth,
operating a etc. innovation and
business. choice.
Employment
Income
Choice

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Innovation
Entrepreneurship
and Risk
Wealth
Quality of Life

This should be completed in two lessons, if not, it is to be finished for

homework.

Homework: Practising Business Reports:

Using the table, you have created, write summary notes for each ‘Role’. To
write your ‘summary’, it is expected that you follow business report format.

The basic structure of business reports includes:

1) Title of business report
2) Executive Summary (Introduction)
3) Body Paragraphs:
 Subheadings
 Information that addresses the questions
4) Summary (Conclusion)

Roles of Business (Title)

This business report will discuss the roles of a business. These roles include:

i) Profit
ii) Employment
iii) Income
iv) Choice
v) Innovation
vi) Entrepreneurship and Risk
vii) Wealth and
viii) Quality of Life

1) Profit (Subheading)
 Sentence One: Define it
 Sentence Two: How does this impact and/or influence the business?

2) Employment (Subheading)
 Sentence One: Define it
 Sentence Two: How does this impact and/or influence the business?

3) Income (Subheading)
 Sentence One: Define it
 Sentence Two: How does this impact and/or influence the business?

 Repeat this process for the next five‘Roles of Business’

 Choice, Innovation, Entrepreneurship and Risk, Wealth and
Quality of Life

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 Second Syllabus Point - Types of businesses:

Activity Instructions:
1. New page in your book
2. Title in your book: Types of Businesses
3. In your book, write the following ‘Introduction’
4. As a class, students are to read the following information for ‘Size, Geographic
and Industry’ then complete the activity on pages 19-20 of this booklet.

Introduction: Types of business: There are various ways that you can
classify a business by, these include:

i) Size: Small to Medium Enterprises (SME's) and Large

businesses.
ii) Geographic Location: Local, National, Global businesses.
iii) Industry: Primary, Secondary, Tertiary, Quaternary,
Quinary.
iv) Legal Structure - Sole Trader, Partnership, Private
Company, Public Company, Government Enterprise.

The focus this lesson is on “Size, Geographic Location and Industry”:

i) Size:
The first way businesses can be classified is based on the ‘size’ of the
business. The size of a business is categorised into three categories:
I. Small Business
II. Medium Business
III. Large Business

Size of Business Number of Employees

Small Business According to the ABS, a small business is one that:

● has fewer than 100 employees if it is involved in the
manufacturing of goods
● has 20 or fewer employees if the organisation is non-
manufacturing (service-based).

Medium Business 20-199 Employees (service-based)

Large Business Over 200 employees

Important Information:
 Small businesses are a large contributor to Australia’s economic
activity.
 Retail employs more than 200,000 people in NSW from a diverse
range of ages and backgrounds.
 Small businesses provide employment and the production of goods
and services. However, small businesses also provide choice for
consumers, helps create wealth for owners and the economy and small
businesses also improves the quality of life for people as more choice
is offered by small businesses.

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B] Geographic Location

The second way a business can be categorised is based on its geographic

location. The geographic location of businesses are classified as either:
a) Local
b) National
c) Global

Classification of Definition
business based on
‘Geography’

Local A local business is an organisation that operates within one

area. It may produce or sell goods and services to a local
consumer market. Small businesses tend to represent local
businesses.

National National businesses operate across Australia (nation). These

businesses have greater awareness amongst consumers
and tend to be trusted brands. These include ‘Woolworths’,
BIG W’.

Global The advancements in technology has strengthened the

trading of goods and services on a global scale. For
example, McDonald's, Nestle and Vodafone are all global
organisations that are successful on a global scale.

C] Industry Sectors
The third way businesses can be categorised is based on which industry the
business belongs to. There are five industries that businesses can be
classified as. These include:
a) Primary Industry = Businesses that attain Raw Materials. For
example, ‘Kahawa Estate’ is a primary produced of coffee
means and the sole trader is ‘Jos Webber’ who grows a Kenyan
variety of coffee beans in the Byron Bay hinterland using
biological farming methods. She was awarded the ‘2015’ top
producer of Coffee.
b) Secondary Industry = Businesses that manufacture goods. For
example, ‘Ford’ is a well-known manufacturing business as this
business developed the ‘production line’ used by millions of
businesses.
[c) Tertiary Industry = Businesses that provide services. For
example, doctors, nurses, hairdressers are part of the tertiary industry
as they provide services for consumers.

Tertiary Industry is then categorised into two separate ‘industries’

based on the service they provide. These two ‘tertiary industries’
include:
c) Quaternary Industry = Businesses that provide Information.
For example, banks.

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 e) Quinary Industry = Businesses that provide goods/services
that are “traditional” roles at home. For example, take away
restaurants, cleaning business, child care centres.

Activity Instructions:

1) In their book, students are to individually answer the following questions.

Size of businesses (page 15-18)

Read pages 15-18 of the textbook and summarise the following:

1) Identify the three top areas of small businesses in NSW. Identify a real life example of
these areas (6 marks)
2) Explain why a majority of small businesses in NSW are located in Sydney and Central
Coast (2 marks)
3) Identify a real-life example of a 'Small, Medium and Large' business (3 marks)

Location of business (pages 16-17)

Read pages 16-17 of the textbook and answer the following:

1) Explain the difference between a local business and a national business (4 marks)
2) Explain how a global business is able to gain a lot of profit (4 marks)
3) Explain the difference between an 'international and transnational business' (6 marks)

Legal Structure of a business (page 18)

Read page 18 of the textbook and answer the following:

1) Complete the following table. Leave about 3-4 lines for each ‘Industry’.
Industry Definition (in your own Real Life Example
words)
Primary Primary Industry are Kahawa Estate
businesses that attain raw
materials such as wheat,
rice and coffee.
Secondary
Tertiary
Quaternary
Quinary

2) Write down what industry belongs to the following industries:

Commonwealth is an example of _________________ Industry
Fadez Hairdressers is an example of _________________ Industry
McDonalds is an example of ________________________ Industry
Andy’s Cleaning is an example of ____________________ Industry
Tom’s Manufacturing is an example of _________________ Industry
Hamim’s Medical Centre is an example of ________________ Industry
Westpac is an example of _________________ Industry
KFC is an example of ___________________ Industry

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Today’s Lesson Focus: Legal Structure:

Activity Instructions:
1) New page
2) Title: Legal Structure
3) Write the following information in your book
4) Draw the following table in your books – on a landscape format
5) Individually, students are to read pages 19-21 of the textbook to answer the
table. There is also information on page 21-23 of the booklet to assist you.

The fourth way you can classify a business is by the ‘Legal Structure’. There
are five legal structures that a business can adopt. Each of these legal
structures have various advantages, disadvantages. You are to know the
definition, advantages and disadvantages for these legal structures. The four
legal structures include:

 Sole Trader
 Partnership
 Private Company
 Public Company

There are KEY THINGS you need to know and WILL be examined on for the
‘legal structure’. These include:

1) Different types of legal structures

2) Advantages of each legal structure
3) Disadvantages of each legal structure
4) Difference between ‘Limited Liability’ and ‘Unlimited Liability’
5) Difference between ‘‘Proprietary Limited’ and ‘Limited’

Legal Structure - Table- Analysis:

Legal Definition Number Unlimited 2 Advantages of 2 Disadvantages of

Structure of Liability this legal this legal structure
owners OR structure
Limited
Liability
Sole Trader

Partnership

Private
Company

Public
Company

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Sole Trader:
 A sole trader is a business that is owned and operated by ONE
PERSON.
 It is the most common type of business in Australia.
 A sole trader is the simplest and cheapest structure to establish.
 The sole trader receives ALL THE PROFIT and suffers ALL THE
LOSSES.
 Sole trader makes ALL the decisions of the business (e.g: Price,
Place, Product and Promotion strategies used by the business).
 Sole Trader funds the business by either the owners own funds
(owners equity) and money borrowed from financial institutions
(banks). This is known as debt finance.
 Sole Trader is an unincorporate business. This means they are
not companies because they have not gone through the legal
steps for incorpration (to become a company- where owners are
not personally liable for debt)

Partnership:
 A partnership is a business usually owned and operated by
between two and 20 people, called partners.
 The partners share their profits and losses, usually equally.
 Responsibility is spread
 Decision making is spread
 Additional funds from various partners to further expand the
business
 Partnership are also unincorporated entities.
 Different industries classify partnership differently. Most
partnerships have from 2-20 owners. However, accountant and
legal practices accept up to 200 partners.
 To become a partnership, partners need to set up a 'Partnership
Agreement' that covers key areas such as 'percentage of the total
business owned by each partner', 'how profits are to be districted'
and 'conflict resolution procedures'.
 It is common for people with similar skills, such as doctors and
solicitors, to form a partnership.
 Partnerships tend to have the names of the partners in the
business name, for example Harries and Davidson Accountants.
 Partnerships have unlimited liability. This means that all the
partners may be forced to sell personal assets such as the house
or car to pay for business debts.

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Private vs Public Company:
https://www.youtube.com/watch?v=MeThF5qRa8s
Private Company:
 A private company usually has between two and 50 private
owners called shareholders (owners)
 These businesses tend to be small to medium in size. Often, they
are family-owned. Shares in private companies are offered only to
those people the business wants as part-owners. This is why it is
called a ‘private’ company.
 A private company must have the words ‘Proprietary Limited’,
abbreviated to ‘Pty Ltd’, after its name.
 The main advantage of a private company is that shareholders
have limited liability. This means that if the business cannot pay
its debts, a shareholder generally loses only the money she or he
has invested in the business.
 However, in some instances, company directors must give a
personal guarantee when financial institutions are giving loans. In
these cases, the person who offered the personal guarantee
might lose their own assets to pay the debts of the business.
 Also, if company directors engage in misleading behaviour, they
can be held personally responsible.
 Private company has 1-50 owners.
 These owners are referred to as 'shareholders'.
 More shareholders = more funds = more to be shared out
 Shared decision making
 Shared responsibilities
 Shareholders are responsible for the day to day organisation of
the business.
 Shareholders only lose their portions of the funds they invested if
business was to go in debt

Public Company:
 A public company can have an unlimited number of shareholders.
 A public company is listed on the ‘Australian Stock Exchange’
(ASX).
 Membership is open to all members of the public
 Owners buy shares in the business, in turn receive a portion of
the profits for each share they own.
 This is called a dividend. This is the amount of income a
shareholder receives for each share he or she owns in the
business.

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 To be listed on the ASX, the owners must issue a prospect. This
is a document that describing the nature of the business, its
financial performance and possible risks that the business may
face. The prospectus must be approved by ASIC and the ASX.
 Once shares are traded on the securities exchange, members of
the public are free to buy and sell shares
 Public companies must have a minimum of five shareholders, but
there is no upper limit on the number of owners.
 Each shareholder has limited liability and, as such, can only lose
the amount of money that he or she invested in the firm.
 He or she has unlimited liability. This means he or she can be
forced to sell personal assets such as the house or car to pay for
business debts.
 A sole trader usually has only one person’s name in its business
name, for example, Greg’s Electrical Shop.
 The general public
 may buy and sell shares in these companies.
 Most public companies are large. Shareholders in public
companies have limited liability.
 A public company must have the word ‘Limited’, abbreviated to
‘Ltd’, after its name.
 Consequently, the company can sue and be sued, can own and
sell property, and has perpetual succession — it will continue to
exist when the owners change.

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b) Factors influencing choice of legal structure:

There are various factors that influence what ‘legal structure’ a business
owner chooses to implement. The factors include:

i) Size
ii) Ownership
iii) Finance

Homework: Summarise those three factors (pgs. 23-25) of the textbook.

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Third Syllabus Point: Influences in the business environment.
There are both internal and external influences in the business environment.
These are key parts that impact the business.

External influences include:

i) Economic
ii) Financial
iii) Geographic
iv) Social
v) Legal
vi) Political
vii) Institutional
viii) Technological
viiii) Competitive Situation
x) Markets

Internal Influences include:

i) Products
ii) Location
iii) Resources
iv) Management
v) Business Culture

Stakeholders:
- Define it?
- Types of stakeholders?
- What are their importance?
- How do they impact the business?

Fourth Syllabus Dot-Point: Business Growth and Decline.

This part of the syllabus is about the ‘Business Life Cycle’ – the
challenges within each stage, how to overcome these challenges, what
leads to business failure/cessation.

a) Stages of the business life cycle include

i) Establishment
ii) Growth
iii) Maturity
iv) Post-Maturity

b) For each stage of the business life cycle, you are to know:

I. What happens at each stage?

II. What are the challenges at each stage?
III. How to respond to each challenge at each stage of the
business life cycle?

c) Factors that can contribute to business decline:

I. What causes businesses to fail?

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d) What is cessation:
I. What is cessation?
II. What is the difference between voluntary and involuntary cessation?
III. What is liquidation? How does liquidation occur?

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