Download Business Studies Notes for Advanced Secondary Schools Form Five for free. Business Studies for Advanced Secondary Education is a compulsory subject for students who choose to join the Business Studies stream taking it among the subjects in their combination. It intends to promote knowledge, skills and attitude necessary for students to make informed decisions about business related matters.
The subject helps students to learn how to conduct business research, use problem solving techniques, and weigh-in their options on the areas of basic aspects of business environment and management, business financing, marketing, insurance, policy and regulations. Students are further expected to acquire communication, collaborative, creative critical thinking and problem-solving skills in dealing with business issues.
TOPICS TO COVER
Topic 1: Business Environment
Topic 2: Business Units
Topic 3: Financing Medium-sized Businesses
Topic 4: Business Regulatory Environment in Tanzania
Topic 5: Business Registration in Tanzania
Topic 5: Business Planning
Identification of business oppurtunities
Business opportunities consist of attractive avenues in the environment, which provide entrepreneurs with the potential for effective business idea development. A promising opportunity always begins with brilliant business ideas. So, while a business idea is a creative thought or concept, an opportunity is an evaluated and promising idea.
It portrays a chance to bring that idea to life and make it a reality. Identification of appropriate business opportunities is an important aspeet to business because it enables the entrepreneurs to identify and focus on what customers are missing. An entrepreneur can identify business ideas by seanning the environment for unsatisfied or unfulfilled needs as well as considering customers’ complaints about existing businesses.
Once ideas are effectively evaluated on the bases of market potential, competition, resources, and ability of the entrepreneur to pursue the idea, then ideas graduate to opportunities.
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