Role of Business
Tangibles
What is products or goods
SME
What is small to medium enterprise
Those that the business has no control over
what are external influences
A period of low sales at the start of business operations
What is the establishment phase
The easiest type of business to setup
What is a sole trade or online business
Money after paying for expenses
What is profit
A business that is in multiple countries
What is a global business or TNC
Product, Location, Business Culture, Management and Resources
What are internal influences
A business cannot meet its financial obligations and ceases trading.
What is Bankruptcy
Where public companies trade shares
What is the ASX
A person who takes a risk in starting a business
What is an entrepreneur
One owner
what is a sole trader
Booms and recessions
What is the economic influence
When sales plateau
What is Maturity
How will an increase in interest rates affect consumer spending and business activity
What is a decrease in consumer spending and decrease in business production levels
Money you receive for work
What is income or wage
When a person is financially liable for both business and personal affairs
What is unlimited liability
Money paid to shareholders
what are dividends
When a business brings out new products to fix declining sales
What is renewal
Public institutions responsible for regulating business activities in Australia (name two)
What is the RBA, ASIC, ASX, ACCC or NSW Office of Fair Trading
Having a job improves this
What is quality of life
What is the government selling a public organisation to private owners
Privatisation
People that have an interest in a company
What are stakeholders
When a company's assets are sold for cash and the company 'wound up'
What is liquidation
What is the most recent business Mr Williams wants to start?
What is selling sourdough/bakery