GRADE 10 BUSINESS STUDIES .pg

GRADE 10 BUSINESS STUDIES

UNIT 1 STARTING A SMALL BUSINESS ENTERPRISE- MIND YOUR OWN

BUSINESS

COURSE BOOK 1

Name:______________________________________________ Provincial Study Centre:______________________________ Address:____________________________________________

FLEXIBLE, OPEN AND DISTANCE EDUCATION

PRIVATE MAIL BAG, P.O.WAIGANI, NCD DEPARTMENT OF EDUCATION PAPUA NEW GUINEA

Writers of Lessons : Diana Waikali Erica Inai Lily Mali Loraine Ah Chee Ursula Miria

Department Editors : Lucy Joseph Doris Payok

Subject Team Editors : Andrew Menai Jeff G. Wama Joyce Pogla Mohoto Pinnoh

Subject Content Editor : Silas Umaropi

Language Editor : Elsie Lolo - Obara

Compiled, Formatted and finalized by : Ursula Miria

GR 10 BS U1

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TITLE PAGE

GRADE 10 BUSINESS STUDIES

UNIT 1 STARTING A SMALL BUSINESS ENTERPRISE- MIND

YOUR OWN BUSINESS COURSE BOOK 1

TOPIC 1: PLANNING AND ESTABLISHING A SMALL BUSINESS TOPIC 2: FINANCING A SMALL BUSINESS TOPIC 3: INSURING THE BUSINESS TOPIC 4: MY SMALL BUSINESS PROJECT

GR 10 BS U1

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ISBN & COPYRIGHT

Acknowledgements

We acknowledge the contributions of all Secondary Teachers, FODE Subject Team Members, Subject Review Committee Members and Academic Approval Committee Members who in one way or another helped to develop Course Book 1.

Special word of thanks to the staff of Business Studies Department of FODE namely; Ursula Miria, Lucy Joseph and Doris Payok, who played an active role in coordinating writing workshops, outsourcing lesson writing and editing processes.

We also acknowledge the professional guidance provided by Curriculum and Development Assessment Division throughout the processes of writing and, the services given by member of the Secondary Section and Academic Committees.

The Course Book was developed with the support and funding of the GO- PNG FODE World Bank Project.

DEMAS TONGOGO PRINCIPAL

Published in 2016 by the Flexible, Open and Distance Education @ Copyright 2016, Department of Education, Papua New Guinea

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without prior permission of the publisher.

Printed by the Flexible, Open and Distance Education ISBN: 978-9980-89-356-7 National Library and Archives services of Papua New Guinea

GR 10 BS U1

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CONTENT

TABLE OF CONTENTS

Course Introduction ................................................................................................5.... Unit 1 Introduction...................................................................................................7.... Study Guide .............................................................................................................8.... Topic 1: Planning and Establishing a Small Business......................................1..1.... Topic 1: Introduction ................................................................................................1..2....

Lesson 1 What is a Small Business? ............................................................1..3.......................... Lesson 2 Self -Analysis for a Successful Business person ...........................2..1.......................... Lesson 3 The Initial Business Plan................................................................2..7.......................... Lesson 4 Market Research and Detail Planning............................................3..3.......................... Lesson 5 Location of a Business...................................................................4..1.......................... Lesson 6 Buying an Existing Business..........................................................4..7.......................... Lesson 7 Starting a New Business................................................................5..3.......................... Lesson 8 Franchising ...................................................................................5..9.......................... Lesson 9 Expanding a Business ...................................................................6..9..........................

Answers to Practice Exercises 1- 9 .................................................................7..5...........

Topic 2: Financing a Small Business..................................................................8..3.... Topic 2 Introduction .................................................................................................8..4....

Lesson 10 Finance for a Small Business .......................................................8..5.......................... Lesson 11 Methods of Obtaining Finance......................................................9..1.......................... Lesson 12 Cost of Borrowed Money ..............................................................9..9.......................... Lesson 13 Cash Budget...............................................................................1..0..5.......................... Answers to Practice Exercises 10 -13 ............................................................1..1..7...........

Topic 3: Insuring the Business .........................................................................1..2..3.... Topic 3 Introduction ...............................................................................................1..2..4....

Lesson 14 Insurance and Business .............................................................1..2..5.......................... Lesson 15 Compulsory Insurance................................................................1..3..3.......................... Lesson 16 Voluntary Insurance....................................................................1..3..7.......................... Answers to Practice Exercises 14 -16 ............................................................1..4..5...........

Topic 4: My Small Business Project .................................................................1..4..9.... Topic 4: Introduction ..............................................................................................1..5..0....

Lesson 17 What is a Small Business .........................................................1..5..1.......................... Lesson 18 Self -Analysis for a Successful Business person ......................1..5..7.......................... Lesson 19 The Initial Business Plan ..........................................................1..6..5.......................... Lesson 20 Market Research and Detail Planning ......................................1..7..3.......................... Lesson 21 Location of a Business .............................................................1..8..5.......................... Answers to Practice Exercises 17-21 .............................................................1..9..3........... Answers to Lesson Activities .......................................................... 199

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