Row 1
This is a business with social and or environmental objectives that reinvests most of its profits into benefiting society rather than maximising returns to owners.
What is a social enterprise?
This is the driving force of business provided by risk taking individuals who combine the other factors of production.
What is an enterprise?
This is the process of offering for sale the shares of a privately held company to financial institutions and the general public.
What is IPO?
This sector focuses on information technology businesses and information service providers.
What is quaternary sector?
primary, secondary, tertiary and quarternary
What are the four types of business activity?
A long term target for the whole organisation to achieve the corporate aim.
What is strategic objective?
The long term goals which a business hopes to achieve
The short or medium term goals which must be achieved in order for an organisation to attain its overall corporate aim.
What is a corporate aim?
What is a business objective?
An established business will have a new venture in a new country, It will plan for Human resource forecasts, finance, marketing and operations.
Why Business plan is a tool?
Sales of a business in proportion to of a market size in a given period.
What is market share?
A type of business organisation that does not focus on big profits for shareholders. They aim to create value for customers and secure employment for workers.
What is cooperative?
A short term- target aimed at resolving a particular problem or meeting a specific part of a longer term strategic objective.
What is tactical objective?
A strategic analysis of the macro environment in which business operates.
What is a STEEPLE analysis?
Land, Labour, Capital, Enterprise
What are business inputs?
Is a form of strategic analysis that identifies and analyse the the internal strengths and weaknesses and external opportunities and threats that will influence the future direction and success of a business.
What is a SWOT analysis?
sole trader, partnership, private limited and public limited company
What are the different types of private enterprise?
An alternative to structuring an organisation in tall or vertical way
What is organisation by product, region and function?
Specific, Measurable, Achievable, Realistic and relevant, time specific
What is a SMART business objectives?
It is the pooling of experiences, skills resources of the collaborating firms in the Joint Venture
What is synergy?
This occurs when a company buys a controlling interest in another firm with the permission and agreement of its BOD to do so.
What is acquisition?
It defines the organization’s business, its objectives, and how it will reach these objectives while a statement details where the organization aspires to go.
What is the difference between a vison and mission
Human resource management
Finance and accounts
Marketing
Operations management
What are the four Business functions?
It shows who is held responsible for each particular job or task
shows who is in charge of whom and in what role of capacity.
What is accountability?
What is responsibility?
Which business concepts are suitable for linking to the topic of types of leadership? Why
Creativity, Ethics, change
These are the three objectives of social enterprises economic, social and environmental
It refers to people, planet profit
What is a Triple bottom line?
CCES
What are the four Business concepts?