Module Outcomes

By the end of this module you should be able to: 

Business Sectors

• Define/explain the meaning of the primary, secondary and
  tertiary sectors.
• Give examples of each sector.
• Explain/describe/discuss the relationship between these sectors.
• Make a collage showing the relationship between the primary, secondary and tertiary sectors.
• Define/elaborate on the meaning of the formal and informal
  sectors. Give practical examples of each.
• Conduct research on the importance of the formal and
  informal sector.
• Explain/differentiate/distinguish between the formal and
  informal sectors.
• Define/elaborate on the meaning of the public and private sector.
• Explain the main purpose of the public and private sector.
• Explain/differentiate/distinguish between the public and
  private sectors.

Contemporary Socioeconomic issues

• Define/elaborate on the meaning of socio-economic issues.
• Explain the reasons why they pose a challenge to businesses.
• Define/give the meaning of inequality and poverty.
• Explain/discuss/describe the impact of inequality and poverty
  on businesses.
• Define the term “inclusivity” and explain the purpose of inclusivity
  in the workplace.
• Evaluate the negative impact of HIV/AIDS on businesses.
• Outline the different types of gambling and explain their impact
  on businesses.
• Define/elaborate on the meaning of piracy.
• Discuss the impact of piracy on businesses.
• Recommend solutions to piracy, for example, copyright, patent and
  trademarks.
• Explain the meaning of counterfeiting/bootlegging/strikes/political
  disturbance/violence and crime.
• Explain/discuss the impact of the socio-economic issues
  on businesses.

Social Responsibility

• Define the term “social responsibility” and give practical examples.
• Recommend/suggest initiatives businesses can take to address
  socio-economic issues.
• Interview local businesses on the initiatives taken to address
  socio-economic issues.
• Evaluate the extent to which these initiatives have addressed the
  socio-economic issue.