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685390
Nature of Business
Description
Business Studies
Mind Map by
Dawson169
, updated more than 1 year ago
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Created by
Dawson169
about 10 years ago
158
2
0
Resource summary
Nature of Business
Business growth and decline
Stages of the business life cycle
Establishment
Growth
Maturity
Post-maturity
Role of Business
The nature of business
Producing goods and services
Profit
Employment
Incomes
Choice
Innovation
Entrepreneurship and risk
Wealth and quality of life
Types of businesses
Classification of business
Size
Small to medium enterprises (SMEs)
Large
Micro Business
Local, national, global
Industry - primary, secondary, tertiary, quaternary, quinary
Legal Structure
Sole Trader
Partnership
Private Company
Public Company
Factors influencing choice of legal structure
Size, ownership, finance
Influences in the business environment
External Influences
Economic
Political
Institutional
Market
Financial
Geographic
Social
Legal
Technological
Competitive situation
Internal Influences
Products
Location
Resources
Management
Business Culture
Stakeholders
Managers
Customers
Employees
Environmenrs
Shareholders
Society/general public
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