tralala i want a stuffed kendall roy toy

Question 1

private sector

Answer 1

a business owned by private individuals and organisations not a government entity it strikes not to be under direct state control

Question 2

public sector

Answer 2

consists of those organisations combined by the government

Question 3

two types of business entities

Answer 3

private sector, public sector

Question 4

sole trader//sole proprietor (+ some advantages and disadvantages)

Answer 4

a business owned by a silly single person they can hire whoever they want and just do hatevrr thry want

advantages:
-cheap to start.
-you’re in full control
-safe fast exit
-no extra taxes

disadvantages:
-you are in full control of everything (unlimited liability)
-its harder to get money from the bank as you dont seem trustworthy
-has an expiration date

Question 5

partnership (+and)

Answer 5

a for profit business owned by at least two people, under various state laws, “people” can include individuals, groups of individuals, companies, and corporations

advantages:
-no extra credit
-you have at least double the expertise;)
-easy to start
-more trustworthy than a sole trader

disadvantages:
-limited liability
-you might end up getting mark zuckenberged social network typa situation
-there is an expiration date
-conflicts

Question 6

corporation (+and)

Answer 6

a form of business recognised by law as a separate entity can own land open busines contracts sue and be sued

advantages:
-individuals cannot be taken account for the companies general misdemeanours
-easy to rise capita
-attractive to skilled labour (bruh that sounds wrong…)

disadvantages:
-expensive
-complicated
-a start of one requires an insane amount of devotion and time and money
-taxes
-an extensive set of rules you must follow
-the control from the government is more servile

Question 7

social enterprise (simply)

Answer 7

a company, which main’s goals are social issues

traditional charity —>social enterprise<—traditional business

Question 8

social enterprise (this time more complex)

Answer 8

> driven by a strong social//environmental mission
invests their profit (half of it) for the cause they are fightimg for
should earn 50% of their income
they must be really clear about where their income goes they have to be transarent on how the profit is being distributed
independent (autonomous to the government)

Question 9

public private partnership

Answer 9

when they kinda do it togeter in a way that well the government founds it and the private owners to the expertise bit

Question 10

cooperatives

Answer 10

a company owned by its members//employees

Question 11

inputs in business

Answer 11

land labour capital enterprise

Question 12

outputs in business

Answer 12

good, service, combination of goods and service, by-products

Question 13

land

Answer 13

natural resources water gld oil

Question 14

labour

Answer 14

the quality and quantity affects the value of labour so its the number of people and their skills attitudes etc

Question 15

capital

Answer 15

non natural resources used in production by a business like equipment tools etc

Question 16

enterprise

Answer 16

set of skills that develops new ways of doing things or new things to do the ability to be creative and innovative to come up with new ideas to combine resources in different ways

Question 17

good

Answer 17

a tangible physical item like car latop

Question 18

service

Answer 18

intangible output like somethung not physical no kuewa service a duckimg haircut albo education czy cos

Question 19

combination of servive and a good

Answer 19

a meal at the restaurant (something physical but nice tasty experiance)

Question 20

by products

Answer 20

inputs to other companies

Question 21

adding value

Answer 21

occurs in transformation process where outputs that are produced are worth more than the inputs used to provide

Question 22

sources of added value

Answer 22

quality, design, usp, speed, branding, conveniance

Question 23

redicing costs of the production

Answer 23

cutting bank on waste ensuring the best price for the supplies

Question 24

brand

Answer 24

a name a design a logo a symbol anytjimg that makes a product recognisable and distinguishes it from the competition so like the polo little logo of well polo

Question 25

usp

Answer 25

unique selling proposition

a future of a product that makes it different from its competitors in the eyes of thr customers

Question 26

zeus work culture

Answer 26

a culture that revolves around one big person in charge so its called the leader culture the leader is dynamic and 100% in charge

its also called club culture

Question 27

athena work culture

Answer 27

in other words called task culture it revolves around tasks that people are assigned to do spesicic tasks as soon and as efficiently as possible and later move on to a new one peoplex exertise and interests are crucial and valued it helps people thrive

Question 28

apollo work culture

Answer 28

in other words called the role culture embraces order and rules staff are defined by their work performance, expertise… rather than their personalities and theyre treated as tools for the company

Question 29

dionysus work culture

Answer 29

also known as existential culture the employees are considered the most important assets of the company and the company exists for the purpose of helping them thrive and shine lawyers and it ppl the peoples talents expertise etc etc are what is fuelling everything

Question 30

culture clash

Answer 30

occurs when there is conflict between two or more cultures within an organisation

Question 31

when can a culture clash arise

Answer 31

mergers, acquisitions when two firms from different regional cultures

ahwn you go to work abroad esp to be a boss

Question 32

consequences of culture clashes

Answer 32

-reduced staff morale and self esteem
-lower level of motivation
-lower labour productivity
-more conflicts
-lower profitability

Question 33

merger

Answer 33

when business 2 organisations become 1

Question 34

how to avoid culture clash

Answer 34

1.emphasise your cultural values
2.turn the b;lame game into the praise game
3.stop the brain drain (make sure to listen to concerns and do something about them)
4.find your biggest influences (find the most influencial motivtaing important emploees and managers and emphaseize on them)
5.communication across groups and division

Question 35

culture gap

Answer 35

a difference between an organisations desired culture and actual culture

lack of clarity for workers, negativity, conflict, low productivity

Question 36

a privately held company (+and)

Answer 36

a company whos shares right and obligations and all are not publically traded on stock exchange and doesnt receive investments or capital from the public

advantages: control, finance can be raised (in comparison to sole traders) privacy, liability, continuity

disadvantages: possibility to buy and sell shares, operating costs

Question 37

publicly held companies

Answer 37

limited liability companies owned by shareholders with the shares in the business being traded on a public stock exchange
no max list of shareholders
google toyota facebvook apple

advantages: raising founds, transparency, exit strategy

disadvantages: loss of control, higher legal responsibility

Question 38

features of cooperatives

Answer 38

limited liability (depending on how much theyve invested), democratic structure (everyone makes important decisions), all members of a cooperative are expected to run it, limited liability organisation (separate legal entity than its shareholders) , providance of servive for the members