Enterprise
Land, labour, capital, enterprise
What are the four factors of production?
A worker in New Zealand whose job is to milk cows is part of this sector.
What is the primary sector?
Sales of the business as a proportion of total market sales
What is market share?
Fridays for Future is an example.
What is a pressure group?
The local community, the government, special interest groups and lenders
Who are external stakeholders?
The difference between the cost of purchased inputs and the selling price of finished goods
What is added value?
A worker in a consulting firm providing financial investment advice to other businesses is part of this sector.
What is the quaternary sector?
The Hindustan bakery merged with the national bakery
What is horizontal integration?
Economic, social and environmental objectives
What is the triple bottom line?
The buildings in Avasara were built largely due to donations arising from this.
What is corporate social responsibility?
A business employee who takes the responsibility of turning an idea into a new business venture
Who is an intrapreneur?
The Indian economy is an example of this type of economy.
What is a mixed economy?
An agreement between two organizations to commit resources to acheiving a specific objective while remaining independant
What is a strategic alliance?
A long term plan of action for a business, designed to achieve a particular objective.
What is a business strategy?
An orgnaization of working people with the objective of improving pay and working conditions of its members
What is a trade union?
A summary, description of an opportunity, marketing strategy, staffing and operations details, and financial forecasts are all parts of this.
What is a business plan?
This is a certificate confirming that you have part-ownership of Apple, enabling you to get dividends.
What is a share?
A wine manufacturer acquired a wine bottle manufacturing company that owns the rights and technologies of manufacturing glass.
What is backward vertical integration?
A business' detailed financial plan for the future
What is a budget?
Anyone with an interest in a company.
Who are stakeholders?
This process of developing a symbol, name, image or trademark helps to differentiate a product and create value.
What is branding?
Nayantara an entrepreneur has signed an agreement with Starbucks to use their name and logo and trading systems and hence Nayantara becomes this.
Who is a franchisee?
Ebay an online shopping site merged with Paypal an online payment system.
What is conglomerate integration?
A key objective of most new business start-ups
What is survival?
Their role is to provide finance to a business and they receive a share of the profits
Who are shareholders?