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10 Cards in this Set
- Front
- Back
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Three ways of measuring business size?
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Number of Employees
Value of Sales (Revenue) Capital Employed (Value of Company) |
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Four different forms of business ownership
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Sole trader
Partnership Private Limited Company Public Limited Company |
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Three economic objectives of government
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Steady growth
Low unemployment Low inflation |
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Four stages in the trade cycle
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Growth
Boom Recession Slump |
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Three levels of production
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Primary
Secondary Tertiary |
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Three economic policies of government
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Fiscal Policy (Tax and Spend)
Monetary Policy (Interest Rates and the cost of borrowing) hanges in the economy) |
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Three advantages of a planned economy
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More choice for consumers
Greater incentives more hard work Competition to lower prices |
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Three 'needs' in a society that are more likely to be provided by government
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Health
Education Transport |
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Six stakeholders in a business
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Owners
Managers Employees Government Community Customers |
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For each stakeholder state a different objective;
Onwer Managers Employees Government Community Customers |
Profits (Return on Capital)
Growth in business size Secure employment/good salaries Growth in local and national economy Positive contribution to the environment Quality product/service at an affordable price |
