TLE Bizz Flashcards
Plays and important role in determining the type of business to be established.
The environment.
Factors to be considered in pursuing a business in commercial cooking.
Manpower
Capital
Technology
Market
Availability of Supplies.
Refers to the number of people, hire to do the work. Should possess the right knowledge, skills, and attitudes.
Manpower.
Refers to the amount of money or other assets invested in the business.
Capital.
Refers to the machinery and equipment available for use in the business, r and d, improvement, innovation.
Technology.
Target clienteles, number of possible customers, lifestyle.
Market.
Refers to the ease of obtaining the resources needed by the business. Raw materials, food costs, minimum.
Availability of Supplies.
Is a document that defines a company’s goals, describes its core business activities, and lays out in detail how it plans to achieve its goals and carry out its activities.
Business plan.
SWOT analysis acronym meaning.
Strengths, Weaknesses, Opportunities, and Threats.
Attributes or factors internal to the business venture that contribute to the success of the bizz.
Stengths.
Attributes or factors internal to the business venture that may be harmful or detrimental to the bizz.
Weaknesses.
Are external elements or factors that may affect the business venture positively, if these are used to the advantage of the business.
Opportunities.
Are external elements or factors that may affect the business venture negatively, if these are used to the advantage of the business.
Threats.
Comprises both the internal and external factors that affect or influence the operation of a business.
Business environment
Refer to anything (tangible or intangible) that are within the control of the enterprise.
Internal factors.
