People and or organisations that are affected by the decisions or actions of a business.
Stakeholders
100
Where there is a large number of buyers an sellers in a particular market.
What is monopolistic competition?
100
The values, ideas, expectations and beliefs shared by members of the organisation.
What is business culture?
100
These are the employees of the business and are generally its most important asset.
What are human resources?
100
What is a feature of corporate ownership that limits each owner’s financial liability to the amount of money he or she has paid for the business’s shares?
Limited Liability.
200
The government's removal or reduction in controls and regulations on an industry or sector of the economy or market in order to achieve greater competition.
What is deregulation?
200
The employees of the business and are generally its most important asset.
What does the term human resources refer to?
200
Product, location, resources, management and business culture.
What are the internal influences on a business?
200
These resources include the knowledge and data required by the business such as market research, sales reports, economic forecasts, technical material and legal advice.
What are information resources?
200
This is an incorporated business and usually has between two and 50 private shareholders.
What is a proprietary (private) company?
300
The process of transferring the ownership of a government business o the private sector by issuing a prospectus and listing the on he ASX as a public company.
What is privatisation?
300
Knowledge and data required by the business, such as market research, sales reports, economic forecasts, technical material and legal advice.
What does the term Information Resources refer to?
300
Business competition among countries around the globe.
What is Global Competition
300
The values, ideas, expectations and beliefs shared by members of the organisation.
What is business (corporate) culture?
300
What are government-owned and operated businesses?
Government enterprises:
400
The periods of growth ('Boom') and recession ('Bust') that occur as a result of fluctuations in the general level of economic activity.
What are economic cycles?
400
The funds the business uses to meet its obligations to various creditors.
What the financial resources of a business?
400
Power to be effective; the quality of being able to bring about an effect
What is Effectiveness
400
This is any group or individual who has an interest in or is affected by the activities of a business.
What are Stakeholders?
400
The total value of goods produced and services provided in a country during one year.
What is Gross Domestic Product
500
A large number of small businesses that sell products that are the same or similar. Very little advertising is used to increase market share. The only way to achieve market share is though price reduction.
What is Perfect Competition?
500
Nations that are behind in technology and industrial revolution
What is Third World Nations
500
The removal of government regulation from industry, with the aim of increasing efficiency and improving competition.
What is Deregulation
500
This is the process that companies go through to become incorporated, i.e. to become a registered company and a separate legal entity.
Incorporation.
500
This occurs when economic growth meets the needs of the present population without endangering the ability of future generations to meet their needs.