Introduction to Business Studies
Foundations · Introduction
Syllabus tag: KCSE | Business Studies | Form 1 | Topic 1 Introduction
Lesson objectives
By the end of this topic, you should be able to:
- Define business, business studies and the related terms.
- Distinguish goods from services.
- Describe production, distribution and consumption as stages of one chain.
- State the disciplines within business studies and the importance of the subject.
Summary
Business studies is the study of the activities carried out in producing and distributing goods and services. Its terms follow one chain: production creates, distribution moves, and consumption uses. Goods are tangible; services are intangible. The subject draws on economics, commerce, accounting, office practice and entrepreneurship.