Business Organization & Environment
It is the expansion of a company through the utilisation of its resources. For example, BON increasing the number of festivals each year.
Internal growth
An individual within an organisation who is directly responsible for overseeing and managing a specific team or department’s day-to-day operations and personnel. For BON this could include individuals who are in charge of site setup, security, or marketing.
Line manager
It is the cost of borrowing money or the reward of saving money in a financial institution. If BON decides to finance the festivals through Loans they will need to consider the this.
Interest rates
The image
Physical evidence
The ability to maintain an ecological balance in our planet's natural environment and conserve natural resources to support the well-being of current and future generations.
Environmental sustainability
An organisation such as BON owned by shareholders who have limited liability. Shares are publicly traded on the stock exchange.
Public limited company
Individuals employed on a short-term basis to fulfil a specific role or task in the company. In the case of BON, these workers may be hired for various jobs such as security and ticketing.
temporary workers
The cost of producing one unit of a good or service. such a cost for BON PLC is $350,000 per festival.
average cost
the process of conveying a false impression or misleading information about how a company’s products to deceive consumers into believing that a company’s products are environmentally friendly or have a greater positive environmental impact than they do.
Greenwashing
What is someone who develops new products or services within an organization, usually a large one, for the benefit of the firm and its employers?
Intrapreneur
Individuals appointed or elected to serve on the board of a company whose role is setting the strategic direction of the company, providing oversight of management, making key decisions on behalf of shareholders, and ensuring compliance with legal and regulatory requirements.
Directors
This refers to funds generated or obtained from within the company itself, such as retained profit.
Internal sources of finance
What is the first stage of production?
Primary Sector
An employee who is hired on a long-term basis, typically with benefits such as paid sick and holiday leave included in their employment terms. This includes the 60 permanent workers currently employed by Before One PLC.
Permanent workers
What occurs when shares in a limited liability company are sold for the very first time.
Initial Public Offer (IPO)
What is the sector that refers to businesses engaged in providing entertainment such as BON organising music festivals?
Tertiary sector
A self-employed individual, who gets contacted by businesses to perform short-term work.
A Freelancer
This is issued by banks allowing their users to purchase goods or services or withdraw cash on credit.
Credit cards