Business Life Cycle
First stage of business life cycle
Seed
What is the easiest type of business to start?
Sole trader
Which business function involves staff?
Human Resource Mangement
Main goal of a business
Profitability
How many kids does Ms White have?
3
Strategy - reduce costs of production to remain competitive
What stage is this?
Maturity
Which business structure do you associate PTY LTD with?
Company
Which business function involves revenue and expenses?
Financial
The goal where a business wishes to control most of the market
Market Share
What is the name of the lady in the video Ms showed today?
Terri
Start up
Is a partnership a separate entity?
No, they have unlimited liability
Increasing the production of a product or it's quality relates to which business function
Operations
To provide professional development opportunities - this is a goal for
Employment
Make the wooooo sound
wooo
Name the final stage and the number of options
Post maturity and 3
Maximum number of partners in a partnership
20
Advertising is not the only part of this business function
Marketing
To be more water efficient to reduce costs -
This is a goal for
Sustainability
What is the longest distance Ms White has run?
Marathon - 42.2km