Business study Form one notes  

What does it means by the word Business?

A business is an economic activity involving production or buying and selling of goods and services with the aim of generating profit through satisfying customers’ needs and wants. Business can be either small-scale business or large-scale business. 

Download all business study notes here for form one

Topic number one

Introduction to business study

Topic number two

Entrepreneurship

Topic number three

Sole proprietorship

Aims of establishing this subject

• To equip students with knowledge of business after accomplishing their study. As we know Tanzania is faced with challenge of employment to graduate, though they have completed their study but they can not do any business

• Business Studies nurture an entrepreneurial mindset by teaching how to identify opportunities, create innovative solutions, and manage the risks associated with starting and growing businesses.

• Business environments are constantly evolving. Studying business equips the student with skills to adapt to changes, technological advancements, and shifts in market trends.

• Students develop critical thinking skills as they analyse business situations, make decisions, and solve complex problems related to management, marketing, finance, procurement, and operations.

• Business Studies help students to realise and appreciate the role of business in the provision of goods and services which satisfy customers’ needs and wants.