External Influences
Internal Influences
Stakeholders
100
Factors over which the business has little control.
External Influences
100
What are internal influences?
Factors within the business that will affects its operations.
100
Define stakeholders.
The people and groups that have a vested interest in a businesses activities.
200
High levels of employment, increases in inflation, wage increases and higher consumer spending is what external influence?
Economic.
200
Describe the two types of organisational structures (Management Influences)
1. Traditional Hierarchical Structure 2. Contemporary employee-centred, flat structure.
200
What are two responsibilities of business to managers.
1. Support 2. Codes of Conduct 3. Extensive training and development
300
Define perfect competition. State what external influence it is from.
Large number of small businesses that sell products that are the same or similar. Eg Fruit and Veg growers. Competitive Situation Influence.
300
Describe business culture.
The values, ideas, expectations and beliefs shared by the staff and managers of the business.
300
What are 3 responsibilities of business to employees.
1. Elimination of discrimination 2. Promoting equality of men and women 3. Elimiation of harrassment
400
Describe the three types of markets.
Changes in financial/capital markets. Changes in labour markets. Changes in consumer markets.
400
List and describe the 4 main resources available to business.
1. Human Resources 2. Information Resources 3. Physical Resources 4. Financial Resources
400
Define ecological sustainable development and provide two examples of how businesses can implement this in the workplace.
Development that meets the needs of the present generation without compromising the ability of future generation to access the same resources- in other words looking after the planet. - Recycling - Using less materials for packaging
500
Define deregulation and state what external influence it is.
The process of opening up businesses to the effects of competition both nationally and globally. Financial
500
List and describe the 5 factors that need to be considered when finding a location for your business.
1. Visibility 2. Cost 3. Proximity to Suppliers 4. Proximity to Customers 5. Proximity to Support Services
500
List and describe the responsibilities of business to shareholders.
1. To hold an annual meeting 2. To allow shareholders to buy and sell shares 3. To divide surplus assets upon the company's closure.
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