Nature of Business
Type of industry that classifies jobs that were traditionally done int the home.
What is Quinary?
What is classical management?
An establishment option in which someone purchases into an brand that is apart of a large organisation who all share the same business name and structure.
What is franchising?
Founded in 1920, this former government enterprise has been Australia's national airline for over a century.
What is QANTAS?
To show how things are different or opposite.
What is to contrast?
Form of cessation where a company sells off all assets so to pay off outstanding debt.
What is liquidation?
People who in some way interact with a business. These include: owners/shareholders, staff, customers and society.
What is a stakeholder?
A form of quality management in which involves the checking of transformed/transforming resources in all stages of production.
What is quality control?
Born in San Francisco, California, this entrepreneur cofounded a tech company with Steve Wozniak in 1976. He resigned in 1985, however rejoined the tech company in 1997 and revolutionised the computer industry with the introduction of the iMac.
Who is Steve Jobs?
Inquire into
What is to examine?
Stage of the business life cycle where sales start to slow down?
What is maturity?
Form of management that stresses the need for flexibility and adaptation of management practices and ideas to suit changing circumstances.
What is contingency management?
Source of debt finance in which someone sells their accounts receivable to a firm for a reduced amount of cash.
What is factoring?
A business that has utilised classical management approaches throughout their history. Founders of this business determined the number of steps and seconds it took to complete a task and incorporated into their restaurant business. An example of this task is cooking a Big Mac burger.
What is McDonald's?
Recognise or note/indicate as being distinct or different from; to note differences between
What is to distinguish?
When workers are made redundant when their labour is no longer needed. This may be a result of the business downsizing, restructuring or introducing technology to perform the workers' role. The business may ask workers to volunteer to leave or their employment may be terminated.
What is redundancy?
Style of leadership that embraces the practice of management and staff work together to make decisions.
What is democratic/participative leadership?
A form of marketing in which public perception of the brand and product is utilised for benefit.
What is product positioning?
This Australian company was well known for the selling of asbestos products to the Australian public. When the effects of asbestos was discovered, they attempted to cover it up and relocate the company the Holland so to avoid paying victims compensation after a 1 off payment. They are now court-ordered to give small % of profits to the victims.
What is James Hardie?
Support an argument or conclusion.
What is to justify?
An external influence that began with the deregulation of the banking industry in Australia. Started when the Australian dollar was floated. Deregulation allowed supply and demand to determine the price for finance.
What is a financial influence?
A performance indicator that refers economic, environmental and social performance.
What is triple bottom line?
A financial statements that will list all assets, liabilities and equity owed. Useful for determining the liquidity and financial 'strength' of the business.
What is a balance sheet?
Known for utilising a flatter hierarchical structure, this business is one of the leading, if not the most revolutionary companies in regards to participative management, leadership, HR transparency and office design.
What is Google?
Make a judgement based on criteria; determine the value of
What is to evaluate?