Memorise Flashcards
1
Q
Management styles
A
Autocratic, persuasive, consultative, participative, laissez-faire
2
Q
Roles in business (leadership and management)
A
Owner, director, mangers
3
Q
Key business functions
A
Finance, Human Resources, marketing and operations
4
Q
SMART goal
A
S- specific
M- measurable
A- attainable
R- realistic
T- timely
5
Q
Business goals
A
Profitability, market share, employment, societal wants and needs, sustainability, growth
6
Q
Business types
A
Profit based, non-for-profit, government business enterprises and government owned corporations
7
Q
Legal ownership structure
A
Sole trader, partnership, company : private and public
8
Q
Business life cycle
A
Seed, start up, growth, maturity, post-maturity
