Created by Carmen Diaz
about 6 years ago
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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?