1. Business Structure & Finance | Features of private sector businesses; reasons for staying small; types of short-term and long-term finance needs. 2. Economic Impact & Added Value | Effects of an economic recession on a business; methods to increase added value and their effectiveness. 3. Production & Market Expansion | Benefits of batch production; factors affecting inventory management; joint ventures and licensing as expansion strategies. 4. Ethical Business & Stakeholders | Advantages and disadvantages of ethical business practices; conflicts between profit objectives and stakeholder interests. 5. Financial Statements & Business Performance | Calculating current ratio; classification of assets and liabilities; analysis of financial statements. 6. Growth & Leadership Strategies | Recruitment processes; diseconomies of scale; impact of democratic leadership on business performance.