What Is a Business?

What sort of things do your family spend money on?

Do your family…

…buy …spend
…pay
things? money on
someone else
experiences?
to do a job
for them?
 What Do Businesses Do?
Who makes and sells the things you buy?

Who provides the experiences you enjoy?

Who does the jobs your family don’t do themselves?

 Goods and Services
Things we buy are called goods.

Experiences we enjoy or jobs we pay others to do are called services.

We are going to look at different types of businesses.

Do these businesses provide goods or services?

Types of Business

Service Goods Goods

Goods Service Goods

Service Goods Service

 Business Brands
Brands are important to businesses

People know and trust certain brands.

Sometimes we buy goods or services because

of their brand.

Would you buy something because of the brand?

 Business Brands We Know
Can you think of some big business names?

What do their logos look like?

What are their business slogans?

Why do you remember them?

 Brands and Adverts
Companies spend lots of money advertising their brand.

Adverts can help persuade us to spend

our money.

Can you think of any adverts you like?

 Our Own Business
Imagine you have a business of your own.

Would you provide goods or services?

Would you make or sell things?

What would you call your business?

What would your brand logo look like?