Back to: BUSINESS STUDIES JSS1
Welcome to class!
In today’s class, we will be talking about the introduction of business studies. Enjoy the class!
Introduction To Business Studies
Business Studies
Business studies is a subject that provides us with the knowledge, understanding and skills needed for productive work or activity. A productive activity involves using business resources to make goods and services that satisfy human needs and wants.
Business studies can be regarded as the study of the methods and techniques of setting up and running a business venture profitably. The main objective of going into a business is to make a profit.
Importance of business studies
- It teaches you how to establish and run businesses (Private or Public) efficiently.
- It develops and prepares you for office occupations in future
- Business studies equip you with the basic skills with which to begin an occupation if you do not have an opportunity for further training.
- It allows students to understand the necessity for the existence of various businesses. Furthermore, students can differentiate between types of businesses.
- Business studies enable students to develop a keen interest in various forms of business, which they can engage in (set up) after leaving school.
Components of business studies
This level, the term business studies comprise various areas of business that can be studied, analyzed and explained. As you move up in your school career, you can specialize in studying a specific area of business.
1. Office practice:
Office practice deals with the study of the principles & procedures of running an office. It deals with activities carried out on a day-to-day basis within an organization.
2. Commerce:
Commerce is that part of a business endeavour that deals with trade and aids to trade. It covers the buying and selling of goods and services along with those activities that facilitate this exchange to take place. Trade knows the facilities that make the exchange of goods and services easier as aids. They are banking, insurance, transportation, warehousing, adverting and communication.
3. Bookkeeping:
Bookkeeping is concerned with the recording of business transactions in an orderly and meaningful manner. The process of buying the goods, selling them, paying the suppliers, receiving payments from customers are called business transactions. The trader cannot rely on his memory for all these transactions. He or she needs to record them in the books of account. This all is called Bookkeeping.
4. Shorthand:
Shorthand is an act of using symbols to represent spoken words/sounds. It can be used to record information speedily and accurately. One of the systems of shorthand in the world is PITMAN.
5. Keyboard:
Keyboarding in the techniques of using the computer or typewriter keyboard to produce printed information in a hard copy or soft copy. Hard copy refers to information on paper while softcopy refers to information on the computer storage device such as compact disc or flash drive.
Career opportunities available in business studies
Those who have undergone training in Business Studies can be employed as:
- Clerical officers who keep general office records.
- Typists who type documents in the office.
- Computer operators who use the computer to produce office information
- Bookkeepers & accounts clerks who keep records of business transactions.
- Salesmen who sell goods in supermarkets and stores
- Receptionists who receive and attend to visitors and make telephone calls in an office.
- Stenographers who take dictations in shorthand in offices.
Other Career Opportunities are:
Self-employment, for students who proceed to the University after a successful senior secondary education, can study the following courses, accountancy
- Business administration
- Marketing
- Personnel management
- Insurance etc.
In our next class, we will be talking about the Office. We hope you enjoyed the class.
Should you have any further question, feel free to ask in the comment section below and trust us to respond as soon as possible.
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Welldone👌👋
How, I don’t understand
thank you I enjoyed the class
Thanks
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Good morning sir/ma
Good morning Victor, how can I be of help to you?
How can I make use of short hand
Business study is the studies of the component part of the business environment.
Please explain
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i enjoyed the class
I appreciate
Really helpful resource material
Very nice and explanatory can use it to teach the young ones
Wow thanks
I’m enjoying this note
Nice concept
How can i make use of shorthand?
I don’t understand please explain
this is really helpful
Turn up, very interesting.
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Thanks for the note.
Are you victor Ajayi in Interguide Academy School
I love this website I am going to start reading al subject here
Very comprehensive and well educated, I really appreciate your efforts
Thanks for the information
Very interesting and easy understanding
i enjoyed the class
Cool article!
please also add French & yoruba language notes . God bless you as you do these.
Noted.