Chapter 1 - People in Business
Learning Intentions
1. Outline the different types of businesses
2. Explain the different stakeholders in a business
3. Describe the 4 different types of relationships between stakeholders (have examples)
4. Be able to define the following terms Interest Groups, Conciliation, Arbitration
5. Be able to describe the 8 elements of the Law of Contract
6. Be able to outline how a contract can be terminated (Have examples)
7. Be able to Outline the remedies for breach of contract (Especially Specific Performance)
Syllabus
This section links with the syllabus under the following sections
1.3.1 - List the main parties and people involved in business
1.3.2 - Describe the relationship between people as workers, as trade unions members, as managers, as entrepreneurs, as investors and as customers
1.3.3 - Outline non-legislative ways of solving conflict
1.3.4 - Outline how a major piece of legislation and the elements of contract law help deal with conflict
1.3.5 - Analyse the relationship between people in business (HL)
1. Outline the different types of businesses
2. Explain the different stakeholders in a business
3. Describe the 4 different types of relationships between stakeholders (have examples)
4. Be able to define the following terms Interest Groups, Conciliation, Arbitration
5. Be able to describe the 8 elements of the Law of Contract
6. Be able to outline how a contract can be terminated (Have examples)
7. Be able to Outline the remedies for breach of contract (Especially Specific Performance)
Syllabus
This section links with the syllabus under the following sections
1.3.1 - List the main parties and people involved in business
1.3.2 - Describe the relationship between people as workers, as trade unions members, as managers, as entrepreneurs, as investors and as customers
1.3.3 - Outline non-legislative ways of solving conflict
1.3.4 - Outline how a major piece of legislation and the elements of contract law help deal with conflict
1.3.5 - Analyse the relationship between people in business (HL)