Business Structure
A business with 3 owners and an informal structure
Partnership
A business with a physical location is called a bricks and _________ business
Mortar
Natural
This support service would help with making contracts and applying for patents
Solicitor
Name of the TV show Meghan Markle starred in before marrying Prince Harry
Suits
The letters 'Pty Ltd' at the end of a business name means it is a...
Private company
Give two benefits of buying an existing business rather than starting a business from scratch
Existing customer base, stock and equipment ready, easier to obtain finance, seller can give advice, existing employees
________ finance is external while ________ finance is internal
Debt, equity
Two things an IT consultant could assist a business with
Maintain website, network security, choose hardware
Highest paid footballer in the world
Cristiano Ronaldo (262 million euro/year)
An incorporated business has __________ liability
Limited
Locating a chemist next to a doctor's clinic is called proximity to ______________
Complementary businesses
Give 3 examples of a capital resource for a restaurant
Oven, cash register, computer, tables, chairs, kitchen equipment etc
Give an example of a real business and how they are socially responsible
Logical suggestion
Ms Dixit's AFL team
Hawthorn Hawks
You can buy shares in this type of business on the ASX
Public listed company
Give two examples of a franchise
Any logical suggestion e.g. McDonald's, Subway, KFC
When a bank authorises that a customer may withdraw cash over the amount that is in their account, so that they have a negative balance
Overdraft
Name the 4 elements of a SWOT analysis
Strengths, weaknesses, opportunities, threats
Capital of Turkiye
Ankara
Name one Government Business Enterprise (GBE)
Vicroads, Auspost, NBN
The monetary value attached to the reputation of a particular business
Goodwill
Crowdfunding is ...
The human resource needs of a business would be featured in this part of a business plan
Year HPSC was established
1986