Definitions
Problem-solving/real-life application:
Scenarios
Paper 1
100

Partnership

What is a profit-seeking business owned by two or more people?

100

Autocratic

What is a style of leadership where only one person makes all the decisions



100

Collective Bargaining

What is one way to solve workplace issues

100

Clare

Who is the marketing manager that was asked to be dismissed?

200

Marketing business

What kind of company assists businesses with creating, implementing, and sustaining marketing strategies?

200

Strikes, go slow, work-to-rule, contacting a labor union

Suggest ways on how a employee can combat against a company

200

Recruitment

What is the type of progress that can be done via news paper advertising and using social media (LinkEd)

200

Rachel

Who studied graphic design?

300

Start-up

What refers to a company in the first stages of operations

300

Negotiator 

Who does a business hire to create a mutual agreement between the employees and the employer

300

Terminate

What must be done if the employee has poor work performance or the company is downsizing its work force?

300

Through WOM marketing and social media

State one of the ways MM rapidly grew its company

400

private limited company

What is a type of company that does not sell its shares to the public and is also owned entirely by a small group of individuals


400

Maslow 1943

What motivational theory involves a hierarchy where the first layer is basic needs and the last is self-actualisation

400

Rules and regulations

What must be imposed to ensure that everyone in the organization maintains the standards and codes of conduct.

400

Their families

Who got the last quarter of the shares of MM?

500

Crowdfunding

What is a source of finance that uses various networks such as social media to bring investors and entrepreneurs together to finance a new business venture?

500

Situational Leadership

Style of leadership where the leader is either completely in charge or relaxed in letting employees handle situations on their own depending on the situation

500

The government of an Indian state

Who asked MM to help make a campaign to encourage people to use less plastic?

M
e
n
u