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← Elements of Business Skills syllabus

SingaporeElements of Business Skills

The World of Business

5 dot points across 5 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

What goals does a business set itself, and why does it need clear aims?

How do businesses fit into the wider economy, and why do the retail, hospitality and tourism industries matter to Singapore?

Who are the people and groups that care about a business, and what does each of them want from it?

What are the main ways a business in Singapore can be owned, and what are the good and bad points of each?

What is a business, and how does it turn needs and wants into goods and services?