Jump to Chapter 10! (page 322)

A lot of the early stuff on SME’s we have already covered, but it is important to get the mind map of the Characteristics of an SME into your book.

Let’s pay particular attention to sections 10.3 and 10.4 … look useful for anything you’re doing at the moment? 🙂

Here are a few resources to help you identify possible areas of the Australian economy to examine in your assignment:

CIA World Factbook – Australia (click on Economy dropdown). Up to date statistics and a good overview of the sorts of things you might consider how business impacts upon.

An Introduction to the Australian Economy – excellent report from a respected Australian economist (Saul Eslake). It is a bit old (2007) so don’t use the figures, but use the history or the ideas in it, and find updated figures

Australian Bureau of Statistics – repository of all sorts of statistics about Australia. Have a look around 🙂

Australian Treasury – the government department responsible for monitoring and managing Australia’s finances and economy. Try particularly the ‘Economic Roundup’

How does business contribute to the Australian economy? Explain.

Draft due date: Week 6, 3.30pm Friday 11 March 2016

Final due date: Week 7, 9.00am Friday 18 March 2016 – Hard copy (start of lesson) and via Turnitin

Full details: role of business task 2016

And some helpful hints: How business contributes to economy and society SCAFFOLD

On a new double page in your exercise books, on your own write down the word or phrase and then define each of the following:

1. Quality of life
2. market share
3. TNC (name)
4. TNC (definition)
5. microbusiness
6. geographical spread
7. local business
8. GDP (name)
9. GDP (definition)
10. e-commerce
11. industry
12. primary industry
13. secondary industry
14. tertiary industry
15. quaternary industry
16. quinary industry
17. incorporated business
18. unincorporated business
19. Sole trader
20. partnership

Mind-map of ‘Type of Incorporated Companies’ pp 40-45 with advantages and disadvantages.

HOMEWORK

30 word summaries of ‘Factors influencing choice of business structures’:

• overview
• size
• ownership structure
• finance