Types of Businesses
Business models
Internal and External Environment
Purchasing a business and Sources of Finance
Wild
100
This problem facing sole traders and partnerships that means they could potentially lose everything.
What is unlimited liability?
100
This model involves avoiding wholesalers and selling your products to customers
What is direct to consumer?
100
The factors that a business has control over.
What is the internal environment?
100
This advantage to buying a business relates to the employees and their condition.
What is being less likely to need training
100
Who is Iroh?
200
Communications, Telecommunications and Vicroads are all examples of this.
What are GBEs (Government Business Enterprises)
200
Greater customer convenience as customers can purchase from any time or any place is an advantage of this business model
What is an online business?
200
Technological considerations, Economic Conditions, and Societal Attitudes and Behaviour are all part of this.
What are Macro factors?
200
This source of finance involves raising money by selling ownership to specific people, like an angel investor
What is private equity?
200
This song is tied with a bar song (tipsy) for most weeks at number 1.
What is old town road?
300
This number is the maximum number of shareholders a private company can have.
What is 50?
300
Needing access to parking is a disadvantage of this type of business.
What is a bricks and mortar store?
300
Your business structure, business model, and location are all parts of this
What is your internal environment?
300
A time related advantage of a new business
What is being able to make quick decisions due to full authority?
300
The last words of the mars rover.
What is "My battery is low and its getting dark"
400
This type of business has complex decision making due to division of responsibilities meaning high amounts of bureaucracy.
What is Large?
400
Being difficult to deal with systems and regulations in other countries is a disadvantage of this model.
What is exporting/exporters?
400
Suppliers and the supply chain are part of this (be specific)
What is the operating environment?
400
Only being able to use the money for its specified purpose is a disadvantage of this source of finance.
What are grants?
400
This purple tongued creature will gallop across the savannah at speeds of 35km/h and only needs a drink once every few days.
What is a giraffe?
500
A company has this if it will continue to exist even after the owners no longer want or are able to stay in control of it.
What is perpetuity?
500
This document contains all of the rules and details that a franchisee must follow.
What is a franchise agreement
500
Changes in this environment often have a more significant effect on business operation compared to the other.
What is the external environment?
500
A money related disadvantage of buying a currently operating business.
What is the cost potentially being overpriced due to goodwill being difficult to evaluate
500
The two songs in this mashup (0:20-0:30)
https://www.youtube.com/watch?v=hm2DSqgU-Xc&list=PLlJkePJ8jdFn2n2FdkJHW9YokDhHsn-_M&index=9
What is High Hopes, and I knew you were trouble when you walked in