Business Studies- Business and the Environment Flashcards
A Business is an organisation which provides ….. …. ……
goods and services
Needs are…
the requirements for human survival
Some are physical such as ……
water, food, warmth, shelter and clothing.
Humans also have other desires. These are called wants and include…
holidays abroad, a better house, a bigger car, ore status, a better education and a cleaner environment.
Most businesses are owned privately by individuals or groups of individuals. They are …
private sector businesses.
Some organisations in the private sector are non-profit making. Organisations such as…..
charities, pressure groups, clubs and societies
Some goods and services are provided by organisations owned by central or local government. These are….
public sector organisations
Any individual or group that has an interest in the operation of a business is called a…..
stakeholder
8 examples of stakeholder…
Owners Customers Employees Managers Financiers Suppliers The local community The government
