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Business Ib Bis > 1. notes and revision > Flashcards

1. notes and revision Flashcards

1
Q

Business

A

This is an organisation that uses resources to satisfy the needs and wants of individiuals or organisations

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2
Q

FOP

A

CELL

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3
Q

Capital

A

This is the artificial technology used to produce g/s.

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4
Q

Enterprise

A

This is the risk taking to add all the FOP to produce g/s

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5
Q

Land

A

these are the natural resources used to produced g/s

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6
Q

Labour

A

This is the physical and mental human input used to produced g/s

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7
Q

Need

A

This is a basic neccesity man cant live without

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8
Q

want

A

this is a g/s man would like to have to make life more comfortable but can live without

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9
Q

Primary sector

A

This sector focuses on acquiring raw materials eg farming

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10
Q

Secondary sector

A
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11
Q

Teritiary sector

A
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12
Q

Quanternary sector

A
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13
Q

Reasons for starting up a business

A
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14
Q

External factors affecting a business

A
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15
Q

The STEEPLE analysis

A
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16
Q

Privatisation

A
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17
Q

Nationalisation

A
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18
Q

Sole trader definitiion

A
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19
Q

Merit good

A
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20
Q

Sole trader ads/ dis

A
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20
Q

Partnerships defintiion

A
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21
Q

Partnerships ads/dis

A
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22
Q

company

A
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23
Q

why become a shareholder

A
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24
Q

Privately held companies

A
25
Q

Publicly held companies

A
26
Q

Factors influencing dividents paid to shareholders

A
27
Q

Social enterprise

A
28
Q

NGOs

A
28
Q

Coperatives

A
29
Q

Charities

A
30
Q

the five types of businesss

A

Sole trader
partnerships
companies
corporation
cooperatives

31
Q

Mission

A
32
Q

vision

A
33
Q

strategy

A
34
Q

objective

A
35
Q

SMART

A
36
Q

SWOT

A
37
Q

CSR

A
38
Q

Advantages of CSR

A
39
Q

disadvantages of CSR

A
39
Q

stakeholder

A
40
Q

shareholders

A
41
Q

stakeholder interests

A
42
Q

stakeholder conflicts

A
43
Q

the shareholder concept

A
44
Q

stakeholder conflict diagram

A

Degree of power
vs
Level of interest
L,L

44
Q

merger

A
45
Q

Maslows heirachy of needs

A
46
Q

takeover

A
47
Q

acquisition

A
48
Q

joint venture

A
49
Q

franchise

A
50
Q

horizontal integration

A
51
Q

vertical integration

A
52
Q

backward integration

A
52
Q

forward integration

A
53
Q

strategic alliance

A
54
Q

ansoff matrix

A
55
Q

multinational companies

A
56
Q

adavantages of mncs

A
57
Q

disadavantages of mncs

A

Business Ib Bis (6 decks)

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