We're in Business

Mr Baskett

100

A business form owned by one person.  Can have employees or not 

Sole trader

200

This document shows demonstrates that a business has permission to trade.

Certificate of incorporation

300

This form of business ownership sells shares on the stock exchange.

PLC

400

This type of business is owned by between 2 and 20 people.

Partnership

500

This protects the owner's personal belongings if the business fails.

Limited liability

Profit

100

This is a product made for other businesses.

Producer good

200

This the new pair of Converse All Star High tops you´ll buy during the summer sales

Want

300

This is a person or group of people who have an interest in the business and its operations.

Stakeholder

400

This measures the strength of a business or company in its market, can be in sales or volume sold.

market share

500

This might be personal satisfaction or independence and control for the business owner.

Non-financial objectives

Total Revenue

100

In the acronymn SMART, the "M" stands for this word.

measurable

200

This is the first time a business issues or sells shares on the stock exhange

Going public or IPO (Initial Public Offering)

300

This is a business that has significant operations in 2 or more countries.

MNC or Multinational

400

This type of business can sell shares to friends and family.

LTD

500

This type of business is financed by tax revenue from the government

Public Corporation

Mr Tetley

100

This is when a business owned by the government is sold to private investors, like Movistar (before it was Telefónica)

Privatisation

200

This sector is the manufacturing of goods for distribution to the customers

Secondary sector

300

An area that was once used for urban development is called

Brownfield site

400

This is a financial payment made to workers based on the amount of products/services sold

commission

500

This theory of management claims that money is the only motivator for an employee

Taylor´s Scientific Management

Total Cost

100

This happens when consumer habits change from buying products to consuming services in the economy.

De-industrialization

200

This is something the government might do to promote a business locating in a specific location.

Tax break or subsidy

300

The increasing interdependence of countries through the movement of goods, capital and people.

Globalisation

400

This is the 3rd level of Maslow´s Hierarchy of Needs

Love and Social Belonging

500

According to Herzberg, giving an employee is this type of factor.

Hygiene factor