Introduction to Business - BBI2O
ILC Course Code: BBI2O-B
Grade 10, Open, 1.0 credit
This course introduces you to the world of business. You will develop an understanding of the functions of business, including accounting, marketing, information and communication technology, human resources, and production, and of the importance of ethics and social responsibility. This course builds a foundation for further studies in business and helps you develop the business knowledge and skills you will need in your everyday life.
Option to submit course work online is available, using Microsoft Word © or OpenOffice Writer.
You will need a computer with Internet access.
Unit 1: Business Fundamentals
Unit One provides the basic concepts of business that will act as the framework for the other Units. For example, you will learn to distinguish between wants and needs, to understand the economic impact of supply and demand, to recognize the importance of profit to business, and to categorize the various types of businesses in different ways. You will also evaluate businesses using ethical, legal and moral standards and recognize both the positive and negative impact that businesses have on your local community, this nation, and the international marketplace. This unit ends with Key Questions which you will answer and submit for marking.
Unit 2: Functions of a Business
Unit Two looks at how businesses operate. All businesses perform several functions at the same time. This Unit illustrates how businesses produce products or services, hire, train, and fire personnel, maintain financial records and create financial statements, and create organizational structures so that these and other business functions (you will study them in the next Unit) can be managed. When a business can combine all these functions in the correct way, the business is successful. This unit ends with Key Questions which you will answer and submit for marking.
Unit 3: Marketing, Information Technology, and Entrepreneurship
Unit Three continues the discussion of business functions introduced in Unit Two by adding Marketing and Information Technology into the mix. Marketing consists of all the activities involved in getting the product or service into the hands of those who will use it. It includes a lot of fun stuff, such as advertising and marketing research. Information technology is not a specific function of a business, but has recently become an integral part of business today, helping with all of the business functions, such as accounting, human resources, and marketing. The Unit has two lessons that describe the concept of entrepreneurship. All businesses are started by entrepreneurs who bring a willingness to take risks, imagination, and creativity to their new ventures. You will be given an opportunity to evaluate your own entrepreneurial characteristics to determine if you have both the personality and the skills to start your own venture. You will also develop the tools to evaluate its potential. This unit ends with Key Questions which you will answer and submit for marking.
Unit 4: Finance
Unit Four focuses on money: making it, managing it, spending it wisely, investing it, and saving it. You will understand the difference between personal finance and business finance, and consider how both businesses and consumers can benefit from the wise use of credit. In addition, lessons in this Unit illustrate the important role of financial institutions in your life and outline the budgeting process for both businesses and consumers. This unit ends with Key Questions which you will answer and submit for marking.
This is the English version of the course.
Click here to view the French version of the course.