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6 Cards in this Set
- Front
- Back
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How does product influence a business?
(Internal Influence- Product) |
- Some G+S require prep, other delivers
- Type of product influences the raw materials (input), production (transformation) and getting product to market (output). |
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Prime Location = ?
(Internal Influence- Location) |
Prime Location= Customer Convenience / Visibility
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What are the four resources of a business?
(Internal Influence- Resources) |
1. Human Resources
2. Informational Resources (knowledge and data required by business e.g. economic forecasts, sales reports). 3. Physical Resources 4. Financial Resources |
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What are the elements of business culture?
(Internal Influence- Business Culture) |
- Values
- Symbols (events that represent what is important to the business e.g. work sport teams, comm projects). - Rites, Rituals & Celebrations (e.g. birthdays). - Heroes |
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Who are the stakeholders in businesses?
(Internal Influence- Stakeholders) |
1. Shareholders
2. Managers 3. Employees 4. Customers 5. Society 6. Enivornment |
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What are the four stages in the business life cycle?
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Establishment (Survival), Growth (Sales), Maturity (Profit, Post-Maturity (Renewal)
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