ASA Learning

How does a business

work?

ASA Learning

1. What is a business?

A business is ……

MAKES

PROVIDES

ASA Learning

2. How does a business work?

Let’s watch this video and find out more:https://www.youtube.com/watch?v=osLpjXBXBS0

ASA Learning

performancequalityto carry out a taskfunds

accountantbankrupt

to fire somebodyriskto lose a jobcustomer

to keep track of money

3. Business vocabulary - Activity 1

ASA Learning

profit

income

retail

stakeholder

dividends

money

3. Business vocabulary - Activity 2

loss

expenses

factory

salary

wage

ASA Learning

3. Business vocabulary - Activity 2

1. A STAKEHOLDER is a person that has some kind of interest in a business.

2. This year was not good for the company, it suffered a LOSS of 10%.

3. The money the company receives from customers is called INCOME.

4. The employees went on a trip with all EXPENSES paid by the company, as a reward for their dedication to the project.

5. The main purpose of a commercial company is to make a PROFIT.

6. Our employees will receive their WAGES at the end of this week.

7. RETAIL goods are goods sold in small quantities.8. The managers will receive an increased SALARY

starting with next month.9. All company owners will receive DIVIDENDS at the

end of the year, because the company made a large profit this year.

10.Nestle company has a FACTORY which produces a lot of sweets.

11.MONEY are the coins or banknotes that you use to buy things.

ASA Learning

3. OWNER

- 1 or more- find money for

development- buy new equipment- create the business

plan- watch over their

business- risk losing

everything if the business goes bankrupt

ASA Learning

3. MANAGER

- decides what are the daily activities

- decides who carries out the tasks

- supervises the employees

- checks performance and quality

- risk being fired if they don’t do a good job

ASA Learning

3. WORKER/EMPLOYEE

- carries out various tasks;

- could work as: fieldworker, salesman, accountant;

- risk losing their jobs if the business closes

ASA Learning

3. What would you like to be?

When you grow up, would you like to be an owner, a manager or a worker/employee? Why?

Together, you will have to create YOUR OWN BUSINESS!Think about these:

● what you will sell● to whom you will sell● the name of your business● how will you find funds?● how will you organize?