IB

Business Management Graphic Organiser Section 1 Business Organisation and Environment-1.1 Introduction
Explain the role of businesses
The difference between capital intensive and Define the Four

labour intensive production processes
factors of production





































Explain briefly the role of the four departments of a business









Explain the four sectors of the
economy

What is a chain of production?

Explain backwards and forwards vertical

integration

What is the difference between an

Entrpreneur and an
Intrapreneur?

Outline 5 reasons for starting a business

Outline the process for starting a new business

What possible problems may a new business face?

What are the elements of a business plan?

What is the purpose of a business plan?