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12 Cards in this Set
- Front
- Back
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Whats the 2 goods/services |
Wants/ needs non essentials/ essential |
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Sectors of buisness/ definition |
Primary- producing materials Secondary-making products out of materials from the primary source Tertiary- transfer of matter/energy aka air conditioner mechanic doctor (domestic services) Quaternary- Processing information photographer artist teacher Quinary- domestic services: craft, food, cleaning |
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Buisness types/ examples |
Service Wholesale Retail Manurfactoring |
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Ownership/liability/extra |
Sole trader-unlimited Patnership-unlimited Co-op- limited Public- limitrd 0-25 stake holders Private- limited min 5 no max Statutory body- limited Franchise- limited |
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Size |
Small- 2-20 Medium-20/200 Large- 200+ |
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Objectives/ definitions |
Social/ create jobs, help the community, help the enviroment Financial/ become self depended, afford things for your family/self Personal/ give kids definate jobs, need a change, do something you want to do |
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Internal enviromeny |
Employee Manager Managment styles Comoany policies Corporate culture |
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External |
Suppliers Customer Competition Enviroment?? Check that |
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Buisness ethics |
The right and wrong behavior that is sst by standards |
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Reasons for starting buisness |
Being own boss, financial rewards, choosing where to work (location) and doing what you are passionate about or what you want to do |
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Location types |
Online Shopping strip Shopping mall Home |
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Location choice factors |
Visibility Location/cost Proximity to customouts and suppliers Proximity to competitiors Complimentary buisness |
