WJEC A Level Business Studies Business Studies A Level for WJEC

AS Unit BS1 The Business Framework  - Producing Goods and Services

Section Title

Notes

Past

Paper Questions


Activities

Factor Inputs

  • Functions of the entrepreneur



  • Human resources: the rise and decline of employment sectors, changing working patterns.


Physical Resources

  • Land, raw materials, equipment, machinery, and vehicles.



Financial Resources

  • Features of various sources of internal and external funds available to business


Methods of Production

  • Job and batch. Flow/continuous production.


Scale of Production

  • The survival of small firms.





  • Organic and external growth. Horizontal and vertical integration.



  • Franchising



  • Internal and external economies of scale and internal and external diseconomies of scale.


Location

  • Factors affecting business decisions about location. Optimisation of location.