What is business ?

?
Why do businesses exist ?
Profit, growth , survival , cash flow , social and ethical
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profit
revenue - total costs
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business objectives
cash flow, social and ethical
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smart objectives
S- specific M- measurable A- achievable R- relevant T- time bound
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sole trader
An individual who runs there own business. Has unlimited liability meaning they can loose assets. Benefits; easy to set up, all profits go to the sole trader, autonomy in decision making , financial records remain private. Disadvantages; unlimited
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influences on share price
Global economy, Investor confidence, company performance.
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Other cards in this set

Card 2

Front

revenue - total costs

Back

profit

Card 3

Front

cash flow, social and ethical

Back

Preview of the back of card 3

Card 4

Front

S- specific M- measurable A- achievable R- relevant T- time bound

Back

Preview of the back of card 4

Card 5

Front

An individual who runs there own business. Has unlimited liability meaning they can loose assets. Benefits; easy to set up, all profits go to the sole trader, autonomy in decision making , financial records remain private. Disadvantages; unlimited

Back

Preview of the back of card 5
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