This type of ownership only has one owner with unlimited liability.
Sole Trader
100
It is important to have this so all employees know what they are working towards.
An aim of the business
100
This functional area deals with money, costs of purchases, products and profit and loss
Finance
100
What is an unwritten and written code of principles and moral values?
Ethics
100
Punctuality, adherence to procedures, complying with health and safety are all expectations of whom?
The employee
200
You will only lose the money invested if the business fails.
Limited Liability
200
This type of business activity deals with raw materials
Primary
200
This functional area deals with people, staff training, motivation and health and safety
Human Resources
200
Recycling, reducing carbon footprints, replacing damaged natural resources and using eco friendly materials are all examples of a _________ business.
Sustainable
200
Suitable working conditions, equal opportunities, safe working environments are all expectations of whom?
The employer
300
This is abbreviated to plc
Public Limited Company
300
Being your own boss, spotting a gap in the market, or having an innovative idea are all reasons for what?
Starting your own business
300
This is the first contact point and deals with PA work, security and building management.
Administration / ICT
300
Fairtrade, not testing on animals, treating all customers and employees with respect and not employing child labour are examples of what?
An ethical company
300
How can employees help companies stay enterprising? (two examples)
Coming up with new ideas
taking part in new projects
being flexible
buying shares in the business
400
Shareholders, Owners, Customers and Suppliers can all be classified as what to a business?
Stakeholders
400
Inflation, supply and demand, competitors are all examples of what?
External factors that can affect a business
400
This functional area deals with the production of the product, sourcing materials, and works with customers.
Operations
400
Define sustainability.
Development which meets the needs of the present without compromising the needs of future generations.
400
Name one employment law that employers have to follow
Health and Safety at Work Act
The Race Relations Act
The Equality Act
500
A well known brand, a tested product and a set business plan are all advantages to what type of business?
Franchise
500
This outlines the vision of the business -- what it wants to stand for and achieve in the future
Mission statement
500
This functional area creates promotions, pricing and advertisements of the products.
Marketing
500
Name a business that acts ethically OR sustainable and explain how.
Cadbury's - Fairtrade chocolate
Velvet toilet rolls - Replaces 3 trees for every one cut down
tentree - Plants 10 trees for each item of clothing sold
Green and Blacks - ingredients are fairtrade
The Bodyshop - No animal testing
500
What are some advantages of having a good working relationship with employees?
Improved motivation
Better loyalty to the business
Increased productivity
A better work environment