Business Topic 1 0.0 / 5 ? BusinessWhat is Business?A2/A-levelAQA Created by: indiadayCreated on: 04-11-24 10:20 What 2 things does a Business provide? Goods+Services 1 of 12 All businesses take resource inputs and transform them into goods and services? Transformation Process 2 of 12 mining, farming, energy extraction Primary 3 of 12 Manufacturing, food processing, raw material Secondary 4 of 12 Personal services, retailing Tertiary 5 of 12 Software development, data processing Quaternary 6 of 12 The owner is the business - unlimited liability Unincorporated 7 of 12 Legal difference between owner and business - limited liability Incorporated 8 of 12 Useful way to analyse the external environment (mnemonic) Pestle 9 of 12 Payment made to shareholders by the company from earned profits Dividends 10 of 12 Shares issued on stock exchange for the first time Flotation 11 of 12 And individual or organisation who has a vested interest in the activities and decision making of a business Stakeholder 12 of 12
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