Flashcards
GCSE - Year 10 - Business and people revison cards
Flashcards do conjunto (17)
- 1Primary SectorRaw materials for other business to use
- 2Secondary SectorManufacturers or makes the products with the raw materials
- 3Tertiary SectorProvides a service to the customers
- 4InterdependenceAll business depend on other sectors
- 5Is the primary sector less or more important ?Less
because raw materials used up machines that have replaced jobs
Foreign competitors can produce cheaper raw materials - 6Is the Secondary sector less or more important ?Less
Because foreign competitors means many goods are made over seas
Machinery have replaced jobs - 7Is the Tertiary sector less or more important ?More
Because it increases the wealth so more money is spent on entertainment , shops and travel
Increases leisure time - 8Mission Statements ProfitMaximisation of profit - main aim of most business in the private sector
- 9Mission Statements GrowthUsually the best way to raise a profit and the aim of most business in the private sector
Sales Growth
Increased market share
Eliminate competition - 10Mission Statements SurvivalVery Important for a new business or an establishment business facing problems
- 11Mission Statements Providing a serviceAll business will want to provide a service but it is the most important aim for the public sector
- 12Private SectorBusiness owned by private individuals
E.G Tesco - 13Public SectorOrganisations controlled by central and local government
E.G NHS - 14Voluntary ( not for profit ) sectorCharities and social clubs
E.G Oxfam and Scouts and Brownies - 15StakeholdersIndividuals or groups with an interest in business
- 16UnincorporatedSole proprietors and partnerships are easier to set up but have no separate legal identity
- 17IncorporatedIncorporated is a legal process which LTD and PLC business must go through
Informações
- Descrição
- If you are sitting the year 10 OCR business and people exam these cards will help you
- Criado por
- EmzaLou99 · mai 2014
- Atualizado
- 11 out 2016
- Visualizações
- 56
- Avaliação