Section 1 - Setting up a Small Business

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Table of Contents

Business Idea        3

Business Name        5

Logo        8

Sectors of Industry        12

Factors of Production        13

Definition of Markets        14

Business Ownership        16

Business Cards        18


  Business Types (Ideas)

Tally Chart

Bar Graph

Final Decision 



Business Names Comments

Family Care Pharmacy: Simple, shows you care using the word ‘family care’.

HA Pharmacy: Short People know it’s a pharmacy.

Leyton H Pharmacy: Shows where it is, people know it’s a pharmacy, includes initials.

London CC Pharmacy: Tells you the city it’s in, includes initials and tells you it’s a pharmacy.

Lundy Pharmacy: Short, snappy, tells you it’s a pharmacy.

H Care Pharmacy: Short, catchy, includes initials and tells you it’s a pharmacy.

On this section I have commented on my business names that I have chosen and given advantages for each name.

Business names

Tally Chart

This tally shows that all business names apart from Lundy Pharmacy are equally popular in my class.

Bar Graph

Final Decision


Logos

Tally Chart

The tally above shows that most people in my class liked logo 5 the most and people liked logo 4 the least.

Bar Graph

Final Decision

My logo Designs

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Sectors of industry

These are the three sectors of industry.

Primary sector – The primary sector is part of the economy where businesses grow, collect, mine or cut down raw materials.

(Raw materials are needed to make other goods and services – wheat, pork, fish, timber, coal oil and gas)

Secondary sector (the manufacturing sector) – The Secondary Sector is that part of the economy where businesses take the raw materials produced in the Primary Sector and transform them into goods.

(Goods are physical products that can be seen and touched)

Examples: chairs are made from wood or plastic, building houses, roads, food are process in factories.

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Tertiary Sector (the Service Sector) – The Tertiary Sector is that part of the economy where businesses produce services.

(Services are non-physical products that cannot be touched or stored like a haircut or a train journey)

E.g. retail, transport, haircut, teaching, restaurants etc

My Business

My business is in the Tertiary sector because we will sell goods that can be touched like selling medicines, shampoo’s, hair accesories, baby needs (e.g. Nappies, Bottles, and Dummies) and selling is a service. Also we will be giving advice and information which is a service. We are not in the Primary sector we ...

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