Business Theme 1.5 Flashcards
1
Q
What are the 7 stages of setting up a business?
A
1) Idea
2) Research
3) Planning
4) Financing
5) Location
6) Resources
7) Launch
2
Q
What are objectives?
A
Targets which the business adopts to achieve its primary aims
3
Q
What is a mission statement?
A
The overriding goal of the business
4
Q
Lifestyle businesses, what is it?
A
They aim to earn enough income to provide a lifestyle that they would enjoy.
5
Q
Stock market floatation
A
SIts the process whereby a private company becomes public
6
Q
What is an IP - initial public offering?
A
The act of offering private cooperation to the public in a new stock for the first time
