Business Classification
The size classification that Bunnings Warehouse falls under
What is Medium?
A period of economic growth
What is a boom period?
The stages of a business cycle
What is establishment, growth, maturity and post maturity?
The group of people who purchase goods and services
What are consumers?
Give 100 points to a team of your choice! It cannot be your own team.
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The most common legal structure for a large business
What is a public company?
One social trend influencing businesses
Digitalisation
Health and wellbeing
Environmental sustainability
How to overcome ONE challenge of the Establishment stage
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Types of internal stakeholders
What is managers, employees and owners?
When a sole trader or partnership business ceases trading due to unpaid debts
What is bankruptcy?
The amount of employees in a small business
What is 5-19?
LOSE 300 POINTS!
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The four stages of post maturity
What is renewal, steady state, decline and cessation?
Distinguish Trade union and employer association
yes and yes
One reason for business decline
....
A business has Pty Ltd in their name. This stands for? AND Classify the business
proprietary limited
private company
Periods of high and low economic activity, booms and recessions
What is the economic cycle
When a business acquires or merges with a business in a completely different sector
What is diversification?
POINTS GET CUT IN HALF!
poor u
3 examples of business who declined in the past 10 years
What are;
- Top shop, Virgin Australia, Kikki K, Sportsgirl, Fujifilm
The definition of a quaternary business and give at least 2 examples
What are businesses that sell information/ knowledge. E.g Schools, Finance, Clerical
Alexander owns a fish shop and recently there has been a shortage of snapper fish which is one of the best sellers. Whitney has just started a fish shop in the same vicinity as Alexander. He has seen a decline in customers. The external influence that has affected the business...
What is competitive situation
The stage you would seek for venture capitalists
What is the growth stage?
The six stakeholder in a business
What is customers, employees, managers, shareholders, environment, society/general public
The main functions of liquidation
What are to determine debts owed by company, scrutinise reasons for business failure, and to deregister or dissolve company