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14 Cards in this Set
- Front
- Back
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What are the five levels of business activity sectors? |
1. Primary 2. Secondary 3. Tertiary 4. Quaternary 5. Quinary |
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Define primary sector and give example |
Industries that are concerned with agriculture, fishing and extraction of raw materials e.g Murray Goulburn |
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Define secondary sector and give example |
Business activity that relates to manufacture and construction of goods e.g Grocon and DuluxGroup |
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Define tertiary and give example |
Provides services for consumers and other businesses such whole sailing, retailing and transport e.g Flight centre |
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Define Quaternary and give example |
Represents communications, finance, insurance, property, business services and education e.g The University of Melbourne |
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Define Quinary and give example |
Represents accommodation, restaurants and cafes, health and community services, cultural and recreational services, personal and household services e.g Mcdonalds |
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What are the four types objectives a business can have? |
1. Financial 2. Service 3. social 4. environmental |
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Define Micro business by size |
fewer than five employees |
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Define a small business by size |
fewer than 20 employees |
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Define a medium business by size
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Between 20-199 employees
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Define a large business by size |
more than 200 employees |
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What are the five measures used to clarify business size? |
1. size/ownership 2. economic contribution 3. employment 4. market share 5. Finance |
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What is a vision statement? |
Where the company aims to be in the future |
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What is a values statement |
What the business regards as important |
