Module 1
A hybrid between a partnership and a corporation
Answer- what is a limited liability company
In business Jenny must have the ability to find and apply creative solutions to problems and create opportunities.
what is entrepreneurship?
The production process cannot be successful without the factors of production, which are:
what is land, labor, capital and entrepreneurship?
Mia is talking to her classmate Jen about today's class topic, she states to jen goods that are made available to its target market from the firm is.....
Distribution Management
what is PER?
Price earnings ratio
The owner of the business is liable or responsible for all debts and obligations of the business.
what is unlimited liability?
Arianne has recently started an independent venture known as help the helpless which seeks to
provide free meals for homeless and convalescent individuals for her city. This venture can be best
described as………………
social entrepreneurship
Prediction of the future performance of a specific department of the firm
what is Micro-forecasting?
Amy business is very successful and has been influenced by demand, price elasticity of demand, income, cost, consumer preference, stage of the product life cycle and government policy. These are all factors of...
Pricing Decisions
Stages of the product life cycle
start up, venture growth, stabilization and innovation or decline.
An organization that has its separate legal identity from its owners
What is a corporate organization?
Barry's organisation exceeds its minimum obligations to stakeholders specified through regulation. this is an example of....
Corporate social responsibility
the cost varies with the level of output
what is variable cost?
malaki, a handsome man goes through a cycle in his business that deals with the steps the business goes through for all transactions during the financial year.
what is the Accounting Cycle?
Activity of electronically buying or selling of products on online services or over the Internet.
What is Ecommerce
A document that provides information such as company legal status, statement of liability
What is Memorandum of Association?
Danny is an artist. He uses..... to protect his work
Copyright
A product where a product is divided into subsets know as modules
What is Modularization?
Sally sell ownership of her business to acquire financial investment. This is an example of.....
Equity financing
a process of extracting and discovering patterns in large data sets involving methods at the intersection of machine learning, statistics, and database systems.
What is Data mining?
Expected behaviors and expectation for individual’s actions within society, group, or class
What is a business etiquette?
Vee believes in business ethics and integrity. What are the 4 main reasons this is important?
It contributes to Long term growth
Cost and risk reduction
Anti capitalist sentiment
Limited resources
the formula (Fix cost/Contribution per unit) give you the result of......
the break even point
Rocky uses the figures of input/resources provided by owner/ shareholders to calculate.....
Owner's equity
Amazon is an example of what type of ecommerce
business-to-consumer