Importance of business studies in the society

​Importance of business studies in the society 

Business studies is meant to prepare learners to function as informed consumers, producers and workers in the society.

• Equips the individual with skills and knowledge to manage a business.
• Prepares one for future career in business/employment
• Enables one to relate issues affecting business 
• Enables one to relate business activities taking place globally

• Enables one to identify business opportunities to venture into.
• Prepares one for further studies
• Enables the individual to think ethically and male sound judgments in day to day     activities.
• Makes an individual to appreciate the role of government in business.
• Make individual disciplines and have positive attitudes towards work. 

Some of the benefits of learning business studies include:

1. Assists the learners/members of the society to acquire knowledge and awareness of business terminologies which are necessary when discussing business issues such as profit and loss.
2. Assists the individuals in appreciating the role of business in society/in provision of goods and services.
3. It enables the learners to acquire basic knowledge, skills and attitudes necessary for the development of self and the nation by starting and operating business.
4. Equips the members of society with knowledge and skills necessary to start and run a business comfortably.
5. Makes the members of society to appreciate the need for good business management practices Assists individual to acquire self-discipline and positive attitude towards work
6. Equips individual with abilities to promote co-operation in society through trade
7. Enables the individual to understand the role of government in business activities
8. Equips individuals with abilities to understand the role of communication and information technology in modern business management.
9. Helps the individuals to develop positive attitudes towards the environment.
10. Equips the individual with knowledge and skills required to evaluate business performance.
11. It helps individual to develop various intellectual abilities such as inquiry, critical thinking, analysis, interpretation, rational judgement, innovation and creativity.
12. It enables learners to acquire skills for wise buying and selling.
13. It creates a firm foundation for further education and training in business and other related fields.
14. It enables one to understand and appreciate the basic economic issues that affect the society such as increase in prices of goods and services.

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