As Flashcards
What is enterprise
An interprise is a business venture
Economic benefits
Create jobs for people in the community
Generate taxes
Social benefits
Sponsoring the community
Gives the community access to a wider range of goods
Describe two challenges that a business could encounter when trying to satisfy it’s ethical role in the community
Advertising
Tax : businesses have to pay the taxes to government so that government could help the community sometimes businesses faces challenges and they try to eavade those taxes
2 Marketing activities
Sales promotion
Market research
Advertising
Two production activities
Making the product
Seek raw resources
Distanguish between finance à,d human resources in area of business
Finance is in charge of the money how they will spend,how they gonna get the money and how they gonna budget the money while human resources is in charge of recruiting,hiring and training the staffs within the organization
Three examples of technology used by businesses
Computers
High tech machines
Internet
Cellphones
Outline two ways technology help businesses to grow
Social media
I
List three functions of a small business
Provide jobs
Provide goods and services for the community
Provide tax for the government
Two challenges associated with the businesses growth
Lack of resources
Competition among other rivals
Lack of capital
Two benefits associated with the growth of a business
More access to finance
Increase in profits
Explain two ways in which the growth of a business affects its organizational chart
It affects communication in a business
The Chain of command and Spain of control might become more complex
Define brand name
Brand name is the name that a product or a product line was given by the manufacturer
Type of packaging
Primary packaging
Secondary packaging
