What you’ll learn4 learning objectivesChoose one objective for a focused lesson, or study the complete topic.1.1.1Nature of business• Understand the nature of business• Businesses combine resources, decision-making, and objectives to create goods or servicesSyllabus objective1.1.2Business sectors• Apply primary, secondary, tertiary, and quaternary sectors• Classify business activity by production stage or knowledge/service roleSyllabus objective1.1.3Entrepreneurship• Apply entrepreneurship in business contexts• Entrepreneurs identify opportunities, take risks, and organize resourcesSyllabus objective1.1.4Start-up challenges and opportunities• Analyse challenges and opportunities for starting up a business• Start-ups face uncertainty, finance, competition, legal issues, and market opportunitySyllabus objective
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