Ch 1 - Enterprise
The total value of all long-term finance invested in the business
capital employed
The ownership of companies is divided into small units
Shares
one company makes a successful bid to assume control of or acquire another
Takeover
have operations in more than one country
Multinational businesses
a corporation which is owned and operated by the government while holding the same powers as that of a private enterprise.
Public corporation
The total value of all long-term finance invested in the business
capital employed
_______ is important for the success of any new enterprise
Innovation
the government determines what is produced, how it is produced, and how it is distributed.
command economy
shows how much a company is worth as determined by the total market value of all outstanding shares
Market capitalisation
A business employee who takes direct responsibility for turning an idea into a profitable new product or business venture
Intrapreneur
a type of economic system that is controlled by the market forces of supply and demand, as opposed to one regulated by government controls
Free market economy
Agreement between two organisations to commit resources to achieving a specific objective while remaining independent
Strategic Alliance
Any 2 main elements of a business plan
executive summary
description of the business opportunity
marketing and sales strategy
management team and personnel
operations
financial forecasts
A legal document prepared during a company's formation and registration process
Memorandum of Association
Total sale of business divided by total sales of industry multiplied by 100
Market share