Definitions
These items can be bought from a publicly-traded company like Netflix.
Shares/stocks
This individual developed a theory that human needs can be separated into five distinct levels.
Abraham Maslow.
All businesses can be divided into two categories.
Good or services. (What's an example of each?)
Planning, organizing, controlling and leading are examples of these.
Functions of management.
This is an example of a corporation.
(Name a corporation)
Items that can be touched
Tangible goods
This concept tells us that something will become expensive when it's not widely available.
Scarcity.
Sole trader, Partnership and Corporation refer to this concept.
Forms/types of ownership.
These are two internal factors that a business can control.
Strengths or weaknesses.
Laissez-faire, democratic, situational and autocratic are examples of this.
Leadership styles.
A company making efforts to support the environment or homeless individuals is an example of this.
Corporate Social Responsibility.
This theorist developed the idea that people will leave a job if Hygiene Factors were not present in a workplace.
Herzberg. (What are examples of Hygiene Factors?)
Studying for an exam instead of playing video games is an example of this.
Opportunity cost. (What's another example?)
This refers to motivation that comes from someone else.
Extrinsic motivation (What's an example of it?)
Economic, Social and Environmental refer to this concept, which talks about the three areas that modern businesses must focus on.
Triple bottom line. (What's an example of each bottom line?)
This refers to the need for air, water, and food.
Physiological needs.
On the hierarchy of human needs, this is a third order need and refers to the need for community.
Love/belonging. (What's an example?)
This factor of production is the foundation for all businesses.
Land (Primary industries). Why?
This refers to motivation that comes from inside.
Intrinsic motivation (What's an example?)
The ability to buy a fully assembled vehicle, or clothing that has been completely produced (not bits of string) is an example of this.
Value add. (How is value added?)
This refers to when a publicly-owned company is purchased by a private organization.
Privatization.
This type of analysis looks at internal and external factors that affect a company.
SWOT analysis. (What is an example of each factor?)
This is commonly referred to as the fifth factor of production.
Information. (Why has this been included only recently?)
This concept refers to when a business can make or do one or two things better than its competitors.
Specialization
Employees, managers, suppliers and the government are examples of these.
Stakeholders. (What's the difference between the four that were just mentioned?)