Business Environment/Finance
There are three business environments. Name them.
Internal, Macro and Operating
The most simple form of business type
What is a Sole Trader
The way in which a business operates in order to generate a profit.
The environment that a business has control over such as employees, managers, location
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
Elements outside the control of the business
What is the external environment
Which business type can have shares purchased and sold on the asx.
Public company
GYG uses what business model
Franchise
Planning can be defined as....
The process of setting goals or objectives and deciding on strategies to achieve them
What is crowdfunding?
Getting lots of people to give small amounts of money to help fund your business.
Which business type has a maximum of 50 non-employee shareholders
What is a Private Limited Company
Products and services that are sold overseas
What are exports
Name four capital resources an ice cream shop would need.
EG: Fridge, Freezer, Eftpos machine, scooper,
A _____________ is a legally binding agreement where a bank loans money to a borrower for real estate
Mortgage
The victorian chamber of commerce is an example of what...
Formal support network
Name 5 factors to consider when choosing a business location
Cost, visibility, Proximity to customers, to suppliers, to compeitors, complimentary businesses.
A business plan features an executive summary. Explain what this means
An executive summary provides the essential information from the report as a whole (usually one page)