AOS1
This type of business is owned and operated by one person.
What is a sole trader?
This term refers to money borrowed to start or expand a business.
What is a loan?
This refers to the use of digital tools and systems to manage business operations and customer interactions.
What is technology?
An individual who establishes and operates a business, taking on financial risks in the hope of profit.
What is an entrepreneur?
What is Mr Donaghey's favourite colour?
Orange
This business structure involves 2 to 20 people who jointly own the business.
What is a partnership?
This analysis helps identify a business's strengths, weaknesses, opportunities, and threats.
What is a SWOT analysis?
This is the set of influences that relate to economic acrivity.
What is economic conditions?
A clear and concise description of an opportunity, including the product or service, the target market, and the unique value proposition.
What is a business concept?
What soccer team does Mr. Donaghey go for?
Tottenham Hotspur
This type of business can raise capital by selling shares to the public.
What is a public company?
Contributing funds in return for a share in the business' profit and equity.
What is private investors?
The essential requirements that customers intend to fulfil with the purchase of a good or service from a business.
What is customer needs?
The goals that a business aims to achieve within a certain timeframe.
What is a business objective?
When is Mr. Donaghey's birthday?
31st of October
This business type is owned by shareholders but does not publicly trade its shares.
What is a private company?
When a business goes above and beyond their legal requirements.
What is Corporate Social Responsibility?
A business distinguishing its goods and services from competitors selling similar items on the market.
What is differentiation?
The combination of internal and external factors that influence a business's operations. This includes the economic, legal, political, social, and technological environments.
What is a business environment?
What type of pet did Mr. Donaghey use to have?
A process that involves gathering and analysing information concerning a specific market.
What is market research?
The 5 factors that affect the choice of a business location.
What is visibility, cost, proximity to customers, proximity to competitors and complementary businesses?
Organisations that support businesses through the provision of training and education programs.
A condition or circumstance that puts a business in a favorable or superior position compared to its competitors.
What is competitive advantage?
What is Mr. Donaghey's favourite drink?
Pepsi Max