Lesson 1.1: The Business Nature
Goals
Explain the nature of business activities.
Describe the general types of businesses.
Terms
• Business
• Production
• Marketing
• Finance
• Industrial Businesses
• Commercial Businesses
• Service Businesses
• Industry

Lesson 1.2: Changes Affecting Business
Goals
Describe how Innovations affect Businesses.
Identify the impact global competition has had on businesses.
Discuss ways in which businesses can improve their business practices.
Terms
• Innovation
• Global Competition
• Effectiveness
• Efficiency
• Domestic Goods
• Foreign Goods
• Output
• Productivity
• Downsize
• Empowerment