Role of Business
Tangibles
What is products or goods
SME stands for this
What is small to medium enterprise
Those that the business has no control over
what are external influences
A period of low sales at the start of business operations
What is the establishment phase
The most popular business type
What is online shopping
Money after paying for expenses
What is profit
A business that is all over the world, e.g. Apple
What is a global business
Those that the business has control over
What are internal influences
A business cannot own another business or get a loan for a period of time
What is bankruptcy
What is e-commerce
A person who takes a risk in starting a business
What is an entrepreneur
One owner
what is a sole trader
Booms and recessions
What is the economic influence
When a business brings out new products to fix declining sales
what is renewal
The day the RBA changes interest rates every six weeks
What is a tuesday
Money you receive for work
What is income
Two or more owners
What is a partnership
People that own shares in a company
A boom in sales
What is growth
Group responsible for setting interest rates
What is the RBA
Having a job improves this
What is quality of life
When a person is responsible financially for the business and personal affairs
People that have an interest in a company
What are stakeholders
When sales plateau
What is maturity
What is monetary policy