TOPIC 1: THE BUSINESS ORGANIZATION (PART 1)
Topic 1 introduces students to overview on business organization by looking at the characteristics of organization and importance of the business. We wrap up the chapter by looking at the types of organization with advantages and disadvantages and discussing what are the reason for an organization to be success and failure.
By the end of this topic, you will be able to:
1. Explain at least 5 general characteristics of an organization;
2. Explain at least 5 activities that are used to measure the importance of business;
3. Explain the 9 steps used to craft a business plan;
4. Explain at least 4 types of business organization; and
5. Explain at least 5 reasons for success or failure of business organization.
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