BUSINESS STUDIES FOUNDATION
An Introduction to Business Environments
Business and enterprises
Business knowledge
- Definition of ‘business’ and the importance of ‘being enterprising’
Laws and regulations
- Introduction to the types and range of laws and regulations that impact on business, e.g. business registration, business taxation, employees, work, health and safety, consumer law and intellectual property.
Business decision making
- Implications for owner/managers
Social, environmental and ethical factors
Influence of the external environment and the media
Business decision making
- Implications for owner/managers.
Unit 3: Establishing a Small Business
Legal requirements for establishing small to medium enterprises (SMEs)
- ABN
- Business name Registration for tax file number
Business decision making
- Implications of legal requirements for owner/managers.
Key business functions
- Operations, Human resources, Marketing, Finance
Unit 5: Operating a Small Business - Accounting and Finance (30 hours)
Social, environmental and ethical factors
- Taxation responsibilities, non-disclosure of information, cash handling and security
Business decision making
- Implications for owner/managers.