Business Topic 1

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  • Created by: indiaday
  • Created on: 04-11-24 10:20
What 2 things does a Business provide?
Goods+Services
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All businesses take resource inputs and transform them into goods and services?
Transformation Process
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mining, farming, energy extraction
Primary
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Manufacturing, food processing, raw material
Secondary
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Personal services, retailing
Tertiary
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Software development, data processing
Quaternary
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The owner is the business - unlimited liability
Unincorporated
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Legal difference between owner and business - limited liability
Incorporated
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Useful way to analyse the external environment (mnemonic)
Pestle
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Payment made to shareholders by the company from earned profits
Dividends
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Shares issued on stock exchange for the first time
Flotation
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And individual or organisation who has a vested interest in the activities and decision making of a business
Stakeholder
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Other cards in this set

Card 2

Front

All businesses take resource inputs and transform them into goods and services?

Back

Transformation Process

Card 3

Front

mining, farming, energy extraction

Back

Preview of the front of card 3

Card 4

Front

Manufacturing, food processing, raw material

Back

Preview of the front of card 4

Card 5

Front

Personal services, retailing

Back

Preview of the front of card 5
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