Business Structures
Business owned by one person
Sole Trader
Fishing is in which sector?
Primary
The Best Subject?
Business Studies
What is the process of gathering information about the customers wants, competitors, market conditions called?
Market Research
A prediction of future inflows and outflows is a ...
Cash Flow Forecast
What is it called when a bakery buys a flour mill?
Vertical Integration
An example of a Government Business Enterprise
Australia Post, Australian Railway.
Spell the word....
ENTREPRENEURSHIP
Splitting up a market into different subcategories is...
Market Segmentation
A long-term loan from a bank for the purchase of land
Mortgage
Maximum partners in a partnership
20
An employee or manager within a business who is given the chance to create a project, take risks and be innovative
Entrapreneur
How many children do I have?
Starting with a low price, before increasing it is.
Penetration Pricing
This type of business raises money by selling shares to the public
Public Company
Ltd stands for
Targets in terms of Finance, and Environment are known as
Social Enterprise
Producing in large quantities leading to a reduction in average costs is known as....
Economies of Scale
the distribution channel that Coca Cola uses
Intensive Distribution
What is the money called that shareholders get when a business makes a profit
Dividends
Who can buy shares in a LTD company?
Everyone
If approved by the owners and other shareholders
3 advantages of small businesses for an economy
Creates jobs, inflow of foreign capital, tax revenue, etc
When's my birthday?
None of your business
What are the 7Ps?
Price, Product, Promotion, Place, People, Process, Physical Evidence
Calculate the average revenue per day if total monthly revenue is $30,000 (assuming a 30-day month)
$1000 per day
Average Revenue = Total Revenue รท Number of units or time period.