BusMan11 - Chapter8 Revision: Operating factors
VCE Business Management Learning Resource
Teacher: Phuong Dang
Overview:
Operating Environment
The operating environment of a business includes 4 key factors outside the business, over which business has no or little control:
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Customers
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Competitors
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Suppliers
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Special interest groups
Businesses need to base on these factors to form their planning decisions.
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Suggested Schedule
Day 1 - Revision Theory
Day 2 - Video-watching Exercise & Case Study
Day 3 - Practice Exam Questions & Quiz Game
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How-to Revise Theories
'Green' section (basic level): Must-read theories
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'Red' section (medium to high level): Additional theories to deepen students' knowledge
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Online Practice
Select your preferred practice methods.
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For case study practice questions, prepare a paper and pen to write your answers as if you are taking a test.
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Learn from the mistakes: Compare your answer with the 'Answer Key' to correct your mistakes (if any).
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Before the Test
Make sure to review all your notes and practice questions!
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Eat well - Have enough sleep
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Stay calm and positive
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Arrive early
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Ask for Help
Fill the form at the bottom of the website or send an email to your teacher if you need further support!
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When to ask: need clarification on a topic, seek help with practice questions, or further explanations, etc.
