BUSINESS
Topic 1: Fundamentals of business
Explain:
- legal ownership structures of business, including sole trader, partnership, private company and public company
- business goals, including profitability, market share, employment, societal needs and wants, sustainability and growth
- internal, operating and macro environmental factors including political and ethical forces
- create responses to communicate strategic planning to a range of stakeholders, e.g. - paragraph responses - visual representations (diagrams, graphs, tables or analytical tools) - extended response (written, spoken or multimodal presentations).