Factors Encouraging Entrepreneurs
"P" stand for what in the PEST analysis
Political
An electric company with a monopoly in Jamaica:
Jamaica Public Service (JPS)
Items used to secure a loan are called:
Collateral
Dividing a task between more than one person for efficiency is:
Delegation
Lincoln Moore's profession before:
Senior business analyst at the JMMB group
Popular type of entrepreneurship with relatively easy start up costs
Service Entrepreneurship
Major source of water pollution in Jamaica :
Mining of Bauxite
Name 1 way to conduct business transactions by e-commerce
Business to Business (B2B)
Business to Consumer (B2C)
Consumer to Consumer (C2C)
Consumer to Business (C2B)
Name any strategy mentioned
Enforcing Rules, Delegation, Supply Chain Management, Be Creative and Adaptive, Calculate Your Risk and Losses, A Wide Variety of Staff, Taking Outside Input, Stay Open to Change, Strong Individual Presence
Kaizen means:
Continuous improvement on business practices.
Factor that contributes growth of the economy:
Entrepreneurship
Bringing something new to a company is done by:
Being innovative
Name a product AND a service company
Any product or service company mentioned
When there is no compliance to rules, what should be done:
Two countries MDLink is available in (NOT Jamaica)
Trinidad and Tobago, Haiti, Belize, Guyana
Socio-cultural factor that causes a new location to be opened:
Population growth in the area
Windalco played a role in the :
Rio Cobre fish kill
Two types of investors are:
Family, friends, angel investors, venture capitalists
Having a diverse team of employees can help to:
Identify different ways to solve problems
Name one book published by Michael Dell and the year
Play Nice But Win: A CEO's Journey from Founder to Leader, 2021, Let Curiosity Lead You -Flashbacks,2018 Direct From Dell,1999
Why do political factors contribute to entrepreneurship?
Government is able to set legislation for grants to be given to entrepreneurs
Businesses with an international market use this to expand operations & create more jobs in their country
Foreign income generation
Government polices that affect businesses are:
Fiscal, monetary and supply side
When your own theme is shown in the business environment is called:
Having an Individual Presence
What does the Interfin's AML software do?
Allows financial institutions to monitor the financial happenings of their business and clients to prevent fraudulent transactions.