CLASS11 BUSINESS STUDIES CH1, Schemes and Mind Maps of Business

MIND MAPS OF CHAPTER1 EVOLUTION AND FUNDAMENTALS OF BUSINESS.

Typology: Schemes and Mind Maps

2025/2026

Available from 04/18/2026

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- 1. High Quality Goods at Fai: Proe 4 _ 2 Contribution to Community Development 3. Faw Return to investors, 4 Providing Employment 1. Profit Makin 2. Creation of Customers naa 3. Innovation j é . Body of Specialised Knowledge | and Technique 2. Formalised Methods of Acquiring Training and Experience 3. Establishment of Rearesentative Professional Association A. Code of Conduct / 5. Priority of Service over Economic / Consideration 1. An Economic Activity 2. Exchange of Goods and Services 3. Regularity in Dealing 4. Profit Motive 5. Element of Risk 6. Creation of Utility 7. Consumer Satisfaction Service of Others Personal Service Agreement Servant No Need of Capital — No Risk Nature of Employer — ~Onswno Commencement . Nature of Work Investment Risk Qualifications Objective Transfer of interest . Test of Efficiency . Code of Conduct Evolution and Fundamentals of Business | CONoOnawne e— 1. Genetic Industry 2 Extrectve F cat ees. ha 1, Manufacturing . }» ) Industry pot! 2. Constructive Industry eeteeccetne e o— . Transport Warehousing . Insurance . Banking , Advertising ee maona dustant dawning Map |-2 Capital Requirement Scope . Creation of Utility Risk Element Mutual Dependence AARwn— Evolution and Fundamentals of Business MSIG SSANISHE: