Types of Business
What type of business is run by volunteers and helps the community?
a voluntary business?
What does “quality of service” mean?
providing a good level of service ensuring the following: Clean, safe, good staff, and happy customers.
What does “local” scope mean?
business in one area
What does “demographic” mean?
the characteristics of a population - Age, gender, ethnicity, etc.
Who works inside the business and helps it run?
internal stakeholders
What is a sole trader
one person who owns a business - has all responsibility
What does “participation levels” measure?
How many people use the service.
What size is a business with 10–49 employees?
small
Why might a gym offer over-50s yoga?
To suit ability and comfort levels. /// accessibility and inclusivity
Name one internal stakeholder.
Manager / Employee / Owner.
What’s one benefit of a partnership?
Shared responsibility - less workload
What does “value for money” mean? How could a business implement this
Fair pricing for what’s offered.
What’s one aim of a voluntary business?
Support the community / social causes / increase participation
What’s three reasons people take part in sport?
Recreation / weight loss / health / performance / charity / personal image /
Name two external stakeholders.
Customer / Supplier / Government / creditors / competitors/ fundraisers / communities / trade associations / interest groups
What’s the difference between a public and private limited company?
Public sells shares on the stock market; private does not.
What are the four types of growth of a private business and how does this compare to a voluntary businesses growth
revenue , staff , geographic , service --- voluntary is focused on getting more participants solely
What is the aim of public businesses and what are two of the ways they achieve this (their objectives)
delivering successul service - quality service / keep cost low / government guidelines (DBS) / maintaining the service
What’s one barrier for low-income groups?
Cost or lack of access.
How can customers influence a business, and how is this crucial to the business itself?
Through feedback, reviews and repeat visits.
Name one feature of a co-operative in sport and describe why it is beneficial
Owned and run by members (e.g. fans or employees).
Name one way each sector promotes participation.
Private: discounts
Public: health campaigns
Voluntary: community events.
Name five aims of a private business.
profit, break even, survival , growth, market leadership, diversification, service provision, customer satisfaction
How can businesses tailor services to purpose groups?
By offering specific programmes (e.g. marathon training, rehab classes).
How might government agencies affect a SAL business. What impact may this have?
By setting rules, funding, or health policies.