Business Structures
Business owned by one person
Sole Trader
Fishing is in which sector?
Primary
Interdependence is...
A 2 way reliance between sectors
What is the process of gathering information about the customers wants, competitors, market conditions called?
Market Research
A prediction of future inflows and outflows is a ...
Cash Flow Forecast
What is it called when two businesses pool resources and work together on one project?
Joint Venture
An example of a country where the Public Sector is very large?
Cuba, Vietnam, China, USSR, Venezuela
A truck is an example of ....
Capital Resource
Splitting up a market into different subcategories is...
Market Segmentation
A long-term loan from a bank for the purchase of land
Mortgage
Maximum partners in a partnership
20
An employee within a business who is given the chance to create a project, take risks and be innovative
A Factory worker is an example of...
Human resource- Labour
Starting with a low price, before increasing it is.
Penetration Pricing
PLC
Ltd stands for
Targets in terms of Finance, Society and Environment are known as
Triple Bottom Line or Corporate Social Responsibility
Producing in large quantities leading to a reduction in average costs is known as....
Economies of Scale
The climate would affect the ...... of rice?:
Supply
When businesses alter the appearance of their accounts to make them seem different to reality..Window what?
Dressing
Who can buy shares in a PLC?
The Public
3 advantages of small businesses for an economy
Creates jobs, inflow of foreign capital, tax revenue, etc
Pay interest on savings to households
Financial Sector
What are the 4Cs?
Convenience,
Cost to Customer
Customer Solution
Communication
Price = $50
VC = $20 per unit
FC = $1200What is the BEP?
40