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Chapter 1 - Introduction to People in Business [Definitions]
Fichas del conjunto (35)
- 1BusinessAny organisation set up to provide goods and services.
- 2Commercial BusinessProvides goods and services to make a profit for the owner.
- 3Non-commercial Business [Social Enterprises / Not-for-profit Businesses]Exist to meet some needs other than making a profit.
- 4StakeholdersThe different groups of people who are directly affected by how a business is run.
- 5EntrepreneursThe people who take the initiative to turn an idea into a business.
- 6InvestorsThe people who provide a business with the finance it needs.
- 7Owners' Capital [Equity Capital]Money invested by people or companies.
(In return, they become part owners of the business and are entitled to a share in future profits.) - 8GrantA gift of money that does not have to be repaid as long as certain conditions are met.
- 9EmployersRecruit staff to work for them.
- 10EmployeesAre recruited by businesses to assist in the business in return for a wage.
- 11ManagersThe people responsible for running the business and achieving its goals.
- 12ProducersThe businesses that make products to sell to customers.
- 13SuppliersThe businesses that supply the raw materials needed by the producer.
- 14Service ProvidersBusinesses that supply the services needed by a business.
- 15CustomersPeople who purchase goods from a business for their own use or for the resale to others.
- 16ConsumersA type of customer who buys goods and services purely for their own use.
- 17SocietyRefers to both the local community where the business is located and to wider society, both nationally and globally.
- 18GovernmentRefers to both the local and national authorities that set the rules and regulations by which businesses must operate.
- 19Interest Groups [Pressure Groups]Organisations representing stakeholders who share a common interest or goal.
- 20LobbyingA deliberate effort by interest groups to influence decision-makers by promoting a particular point of view.
- 21Business Interest GroupsRepresent the interests of businesses.
- 22IBECThe main organisation representing large- and medium- sized businesses in Ireland.
- 23The Small Firms AssociationSpeaks for and advises small businesses.
- 24ISMESpeaks for and advises small- and medium- sized enterprises.
- 25Chambers of CommerceAim to protect and promote businesses located in their area.
- 26Trade AssociationsBusiness interest groups that represent businesses involved in similar types of activities.
- 27Trade UnionsOrganisations that represent the interests of employees in a business on issues concerning pay or conditions of employment.
- 28ICTURepresents the interests of all trade unions and their members nationally.
- 29The National Consumer AgencyA state agency set up to ensure consumers are aware of their rights and that legislation protecting consumers in obeyed.
- 30The Consumers Association of IrelandRepresents and lobbies on behalf of consumer interests.
- 31The Competitive Approach [to stakeholder relationships]Views the relationships between different stakeholders as being a win/lose one. It assumes that only one party can win and therefore stakeholders must compete to gain a commercial advantage over the other.
- 32The Co-operative Approach [to stakeholder relationships] [AKA the Partnership Approach]Views the relationship between different stakeholder groups as potential win/win situations for all sides.
- 33ConflictOccurs when the interests of different people in business are in disagreement. This results in one party wanting to achieve something which is in conflict with what another party wants.
- 34NegotiatingMeans getting all sides in a dispute or conflict to explain their position, understand their differences, and then bargain to arrive at a resolution that is acceptable to both sides.
- 35ArbitrationMeans getting a third party to listen to all sides and then to recommend a solution.
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- Leaving Certificate (Ch. 1 - Introduction to People in Business) Business Fichas sobre Chapter 1 - Introduction to People in Business [Definitions], creado por amanda.acton el 26/01/2014.
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