What are the Factors of Production?

Definition of land

Definition of labour

Definition of capital

What are investments

Definition of enterprise

What is the added value?

Added value

Definition of opportunity cost

What are the stages of economic activity?

Definition of primary

Definition of secondary

Definition of text

Qualities needed in an effective entrepreneur?

Definition of Specialization and Division of labour

Advantages of Specialization and Division of labour

Disadvantages of Specialization and Division of labour

What are the types of economy?

Definition of planned

Definition of free market

Examples of Private sector

Examples of public sector

Why do businesses want to grow?

How do businesses grow?

Definition of Internal/Organic Growth

Definition of External Growth

What is Horizontal Integration?

What are the types of Vertical Integration?

Definition of Vertical Backward Integration

Definition of Vertical Forward Integration

What is Conglomerate?

What is De-industralisation?

Problems linked with growth?

Why do some businesses prefer staying small?

Ways of Comparing Business Size?

Definition of Labour Intensive

Definition of Capital Intensive

Ways of Measuring Sizes of Businesses?

what is meant by Number of workers?

What is meant by Value of output?

What is meant by Value of capital employed?

What is meant by Level of sales?

Why do some businesses fail?

Why do businesses have to draw a Business Plan?

What does a Business Plan include?

What are the Private Corporations?

Define Sole Trader?

Advantages of Sole Trader?

Disadvantages of Sole Trader?

Define partnership?

Advantages of partnership?

Disadvantages of partnership?

What is a Private Limited Company?
(LTD)

Advantages of LTD?

Disadvantages of LTD?

What is a Public Limited Company?
(PLC)

Advantages of PLC?

Disadvantages of PLC?

Limited liability

Unlimited liability

What's a franchise?

What's a franchisor?

What's the franchisee?

Advantages of franchisors?

Disadvantages of franchisors?

Advantages of franchisee?

Disadvantages of franchisee?

What are joint ventures?

Advantages of joint ventures?

Disadvantages of joint ventures?

What's a stakeholder?

Advantages of setting businesses?

What are the business objectives?

What are Public Corporations?

Who manages the PC?

Advantages of PC?

Disadvantages of PC?

Why businesses objectives changes over time?

Objectives of Public Sector businesses?