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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

25
Q

Publicly held companies

26
Q

Factors influencing dividents paid to shareholders

27
Q

Social enterprise

28
Q

Coperatives

29
Q

Charities

30
Q

the five types of businesss

A

Sole trader
partnerships
companies
corporation
cooperatives

31
Q

Mission

32
Q

vision

33
Q

strategy

34
Q

objective

35
Q

SMART

38
Q

Advantages of CSR

39
Q

disadvantages of CSR

39
Q

stakeholder

40
Q

shareholders

41
Q

stakeholder interests

42
Q

stakeholder conflicts

43
Q

the shareholder concept

44
Q

stakeholder conflict diagram

A

Degree of power
vs
Level of interest
L,L

44
Q

merger

45
Q

Maslows heirachy of needs

46
Q

takeover

47
Q

acquisition

48
Q

joint venture

49
Q

franchise

50
Q

horizontal integration

51
Q

vertical integration

52
Q

backward integration

52
Q

forward integration

53
Q

strategic alliance

54
Q

ansoff matrix

55
Q

multinational companies

56
Q

adavantages of mncs

57
Q

disadavantages of mncs

Business Ib Bis (6 decks)

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