Internal factors Flashcards
1
Q
What is the financial factor
A
The availability or lack of finance
2
Q
What is human resources
A
The staff and workers in the business
Known as employees
Includes supervisors, managers, directors, and leaders
Good leaders make good decisions
3
Q
Well trained and we’ll motivated employees:
A
Are more efficient Male less mistakes Give good customer service Work well in a team Contribute new ideas and innovation
4
Q
What do managers do
A
Employed to make decisions and plan
Have additional responsibilities- paid more to do it
Take more risks and good ones minimise the risks
5
Q
How does old technology effect a business
A
Breaks down causing more delays and interupts work flow and has repair costs
Has lower efficiency
6
Q
How does the latest technology effect a business
A
Costs money
Increases efficiency
Requires more training for staff
