Business Studies Form One Notes – All Topics
Business Studies Form One Notes – All Topics, Business Studies Form One Full Notes for New Syllabus 2025 by TIE – Tanzania Institute of Education, Business Studies Form One Notes New Curriculum, Sole Proprietorship, Entrepreneurship, Introduction To Business Studies, Explain the meaning of Business studies, Explain the importance of Business studies in society, benefits of learning business studies,
A business is an economic activity engaged in producing or buying and selling of goods and services with the aim of earning profit through satisfying customers’ needs.
Purpose of business (Reasons for the existence of businesses)
Business is important in any society because it is not possible for people to provide themselves with all what they need without direct or indirect aid from others.
Some of the main reasons why businesses exist are:
1. To provide goods and services
2. To create employment
3. To earn profit
4. To utilize extra resources
5. To utilize spare time
NB: Whatever purpose a business fulfills, it has to earn a reasonable return on the invested money to survive.
READ AND DOWNLOAD BUSINESS STUDIES FORM ONE NOTES – ALL TOPICS
Topic 1
Introduction To Business Studies
Topic 2
Topic 3
