Legal Structures and Business Sizes
A business with 118 employees would be considered to be a _________ sized business
Medium
Which management function involves advertising and promotion?
Marketing
What does 'internal' mean for a stakeholder?
They are inside the business
Who do trade unions represent?
Employees
Capital city of Spain
Madrid
How many business industries are there?
19
What is the most common objective of a business?
To make a profit
True - they have a vested interest in the business
What is market share?
The proportion (share) of the sales that a business makes out of the total sales in the market
Age of Jojo Siwa
21
This is when your business becomes a separate legal entity
Incorporation
Give an example of how Woolworths could be socially responsible
Logical suggestion
What does CEO stand for?
Chief Executive Officer
Interest/lobby group
Spell my last name
Give two reasons why Apple would be considered a large sized business
Over 200 employees, multiple locations, public listed company, complex business structure, trades worldwide
What does the 'controlling' function involve?
A system of maintaining standards in products by testing a sample of the output against the specification (checking the quality of a product before it is sold)
What are 2 objectives that a manager of a business has?
Achieve the objectives of the business e.g. to make a profit, satisfy other stakeholders
Name 2 competitors for McDonald's
Hungry Jack's, KFC, other fast food
What is Ms Fiddes's AFL team?
Which business activity would coal mining come under?
Primary
Name 5 of the management functions
Managing, Organising, Distributing, Forecasting, Controlling, Marketing, Production
Name 3 things that could help to attract and retain employees
Above average pay, good working conditions, discounts, social events, food etc
Name 5 external stakeholders
Customers, competitors, trade unions, suppliers, lobby groups, Government, technological trends
Who is Freeman House named after?
Olympian Cathy Freeman