Every effort has been made to contact copyright holders. If any have been inadvertently overlooked the publishers will be pleased to make the necessary arrangements at the first opportunity.

Grateful acknowledgement is made to the following sources:


Week 1 Activity 1: © Photo by Katika Bele on Unsplash

Week 1 Activity 2: © Kevin Hutchinson - This file is licensed under the Creative Commons Attribution Licence

Week 2 Activity 1: © Image by Vzsuzsi from Pixabay

Week 2 Activity 2: © RawPixel (Public Domain)

Step 2.3: © Adapted from Nathan R Jessup

Step 2.11: Merger cartoon: ©


Step 2.3: Perna, G. (2010) ‘Pros and Cons of Outsourcing’, Business Review India, April 7 2010, With kind permission.

Step 2.4: O’Doherty, J. (2010) ‘M&S unveils £1bn strategic overhaul’, Financial Times [Online]. Available at

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This article is from the free online course:

Understanding Financial Concepts

The Open University