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Business Unit 1

This class was created by Brainscape user Evangeline Taylor. Visit their profile to learn more about the creator.

By: Evangeline Taylor
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Decks in this class (13)

Business objectives
What is survival 1,
Profit 2,
Sales 3
17  cards
Types of organizations
Hierarchy 1,
Span of control 2,
The chain of command 3
7  cards
Main Types of Business Ownership
Sole trader 1,
Partnership 2,
Private limited company 3
27  cards
Sectors
Primary sector 1,
Secondary sector 2,
Tertiary sector 3
3  cards
Location
What are the four main factors in...,
Why is proximity to the market im...,
How does proximity to labor affec...
16  cards
Globalization
What is globalization 1,
How does globalization affect bus...,
What are the main opportunities o...
4  cards
The importance and growth of multinationals
What is a multinational company 1,
What are the benefits of a busine...,
What are the drawbacks of a busin...
5  cards
Exchange rate calculation
What is an exchange rate 1,
How do you convert from a foreign...,
How do you convert from local cur...
9  cards
Government Spending
Why do governments spend money on...,
How does taxation affect public s...,
What are the constraints on publi...
3  cards
How Governments Affect Business Activity
How does infrastructure provision...,
How does legislation affect busin...,
How does trade policy impact busi...
7  cards
The external factors affecting business decisions
What are the four main external f...,
How do social factors affect busi...,
Give an example of a social facto...
9  cards
Measuring success in business
What are the main ways to measure...,
What is revenue 2,
Why is revenue important for busi...
13  cards
Reasons for business failure
What is one major financial reaso...,
Why is cash flow important for a ...,
How can lack of finance cause a b...
9  cards

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Business Unit 1

  • Class purpose General learning

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