SECTION 1 - THE NATURE OF BUSINESS
1: Explain the development of barter.
2: Describe the role of money.
3: Identify the instruments of exchange.
4: Interpret information on various instruments of payment.
5: Differentiate between private and public sectors.
6: Describe the various forms of business organisations and arrangements.
7: Differentiate among the types of economic systems.
8: Describe the functional areas of a business.
9: Identify the stakeholders involved in business activities.
10: Discuss the role and functions of the stakeholders involved in business activities.
11: Explain the ethical and legal issues in the establishment and operations of a business.
12: Explain the principles that must be adopted in the establishment and operation of a business.
13: Explain the consequences of unethical and illegal practices in business.
14: Describe the careers in the field of business.
SECTION 2 - INTERNAL ORGANISATIONAL ENVIRONMENT
1: Describe the functions of management.
2: Outline the responsibilities of management.
3: Construct simple organisational charts.
4: Interpret simple organisational charts.
5: Outline the essential characteristics of a good leader.
6: Discuss the different leadership styles.
7: Identify potential sources of conflict within an organisation.
8: Outline strategies used by employers and employees to gain an upper hand during periods of conflict.
9: Describe strategies for the resolution of conflict within an organisation.
10: Establish guidelines for the conduct of good management and staff relations in the workplace.
11: Identify strategies for motivating employees in a business.
12: Evaluate the role of teamwork in the success of an organisation.
13: Outline strategies for effective communication within an organisation.
SECTION 3 - ESTABLISHING A BUSINESS
1: Define the term entrepreneur.
2: Explain the functions of an entrepreneur.
3: Identify the characteristics of the typical entrepreneur.
4: Describe the role of the entrepreneur in the decision-making process.
5: Outline the role of the entrepreneur in economic development.
6: Outline reasons why an individual may want to establish a business.
7: Outline the essential steps that should be taken in establishing a business.
8: Identify the reasons for preparing a business plan.
9: Describe the elements of a business plan.
10: Identify sources of information for conducting research into the establishment of businesses.
11: Discuss the significance of conducting a feasibility study into the establishing of a business.
12: Explain the relationship between planning and the operation of a business.
13: Identify regulatory practices instituted by governments for the establishment and conduct of different types of businesses.
14: Outline the factors that determine the location of a business.
15: Explain the significance of collateral in accessing capital to establish a business.
SECTION 4 - LEGAL ASPECTS OF BUSINESS
1: Explain the concept of contract.
2: Identify the types of contracts.
3: Describe the characteristics of a simple contract.
4: Describe the characteristics of a specialty contract.
5: Explain the conditions under which offer and acceptance are communicated.
6: Explain ways by which contracts may be terminated or discharged.
7: Apply the principles of a simple contract to cases.
8: Explain why documentation is necessary in business transactions.
9: Prepare business documents for various purposes.
10: Evaluate the principles upon which insurance is based.
11: Explain the various types of insurance policies.
12: Explain how insurance facilitates trade.
SECTION 5 - PRODUCTION
1: Identify factors in the production of goods and services.
2: Identify industries developed from the natural resources of Caribbean territories.
3: Differentiate between production and productivity.
4: Explain the importance of productivity.
5: Explain the role of capital in production.
6: Differentiate amongst types of capital.
7: Classify the different types and levels of production.
8: Describe the characteristics of cottage industries.
9: Outline the functions of small businesses.
10: Discuss the advantages and disadvantages of small business.
11: Explain how a business grows internally and externally.
12: Outline the opportunities for and benefits of developing linkage industries.
13: Explain the effects of growth on a business.
SECTION 6 - MARKETING
1: Explain the concepts of market and marketing.
2: Explain marketing activities.
3: Describe the "marketing mix".
4: Describe the factors that influence consumer behaviour.
5: Identify factors affecting packaging and presentation of goods.
6: Describe methods of promoting sales.
7: Identify the techniques of selling.
8: Explain the various terms of sales.
9: List the functions of consumer organisations.
10: Outline the role of customer service.
11: Describe forms of customer service.
12: Explain the concept of intellectual property rights.
SECTION 7 - LOGISTICS AND SUPPLY CHAIN
1: Explain the term logistics and supply chain operations.
2: Describe the links in the chain of distribution.
3: Distinguish between multimodal and intermodal transport.
4: Interpret information on transport documents.
5: Explain the role of transport in marketing.
6: Identify advantages and challenges of supply chain operations.
7: Explain the impact of logistics and supply chain operations on the competitiveness of business.
8: Identify the problems likely to be encountered in distribution.
9: Outline measures to mitigate problems in distribution.
10: Outline the impact of information technology on logistics and supply chain operations.
SECTION 8 - BUSINESS FINANCE
1: Identify various financial institutions.
2: Describe the functions and services offered by financial institutions.
3: Describe the role and functions of financial regulatory bodies.
4: Describe the relationship between financial institutions and regulatory bodies.
5: Outline ways used by individuals to manage personal income.
6: Differentiate between savings and investments.
7: Explain the concepts of short-term and long-term financing.
8: Identify personal sources of capital for setting up of a business.
9: Identify the purposes of basic financial records for sole traders.
SECTION 9 - ROLE OF GOVERNMENT IN AN ECONOMY
1: Outline the responsibilities of government in an economy.
2: Describe how government can influence businesses to protect the environment.
3: State the purposes of taxation.
4: Distinguish between direct and indirect taxes.
5: Describe the forms of assistance offered by government to businesses.
6: Discuss the social services provided by government.
SECTION 10 - TECHNOLOGY AND THE GLOBAL BUSINESS ENVIRONMENT
1: Explain the concept of business technology.
2: Explain the role of Information Communication Technology (ICT) in business.
3: Describe the types of ICT used in business.
4: Distinguish between E-commerce and E-business.
5: Identify ways in which ICT can be used to improve efficiency of business operations.
6: Discuss the ethical implications of the use of ICT in business.
7: Outline the factors that determine a country's standard of living and its quality of life.
8: Explain national income and its variations: gross national product, gross domestic product, per capita income.
9: Describe the role of education in economic growth and development.
10: Outline the reasons for international trade.
11: Identify the functions of major economic institutions and systems.
12: Explain how economic institutions or trade agreements impact the Caribbean.
13: Identify major economic problems of the Caribbean.
14: Outline appropriate solutions to the major economic problems of the Caribbean.
15: Explain the role, benefits and impact of foreign investment.