Business Environment
Divided into two categories; internal and external
What is a business environment
A proprietor of a business
What is a Sole Trader
A business model is based on a traditional store
What is Bricks and Mortar
The language spoken in the Highlands of Scotland
What is Gaelic
The micro environment that a business has control over such as employees, managers, culture and policy
What is the internal environment
When a business owner is personally responsible for all business debts
What is Unlimited Liability
My business model offers some services for free. I offer a subscription for premium services and generate income through advertisements
What is Freemium
The provision of skills, effort and knowledge to a business
What is labour
The process for receiving a passing grade on a failed SAC
What is redemption
Elements outside the control of the business
What is the external environment
A business that has a separate legal identify to the owner. It can sue and be sued
What is an incorporated business?
An agreement that outlines right and responsibilities between the original business licensee and the new owner.
What is a franchise agreement
Used by businesses in the production of many goods and services. Eg commercial building
What are Capital resources
Currently a dwarf planet in the Kuiper belt
What is Pluto
A component in the Macro environment that pressures a business to take into account environmental and social considerations
What is Corporate Social Responsibility
A maximum of 50 non-employee shareholders and one director
What is a Private Limited Company
Products and services that are sold overseas
What are exports
A person not directly employed by the business but has been contracted to perform certain tasks
What is a subcontractor
Became the third Australian Prime Minister to die in office. He was presumed dead two days after going missing swimming near Portsea.
Who is Harrold Holt
A group of people who attempt to directly influence or persuade a business to adopt particular policies and procedures
What is a Special Interest Group
An exception to the rule. I can have up to 400 partners.
What are Solicitors or Accountants partnerships
Websites that bring buyers and sellers together, who charge a fee for their services
What is brokerage
What is automation
The last event was in 2023. During this event, the participant is anointed in oil and people may pledge allegiance
What is the coronation