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1796187
Business Studies Unit 2 Revision
Descrição
Mapa Mental sobre Business Studies Unit 2 Revision, criado por Josh Horley em 15-12-2014.
Mapa Mental por
Josh Horley
, atualizado more than 1 year ago
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Criado por
Josh Horley
mais de 9 anos atrás
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Business Studies Unit 2 Revision
Sectors of Industry
Primary
Beginning of Chain of Productions
Where raw materials are extracted, grown or cut down
E.g. Potatoes to crisps
Secondary
Sector where raw materials become goods
This adds value to them
Tertiary
Sometimes referred to as the service sector
Where the final product is sold
Interdependence - All of these sectors rely on each other like a food chain
Factors that Affect the Location of a Business
Tradition
Nature of Product/Service e.g. shipuilding
Transport and Infrastructure
Government Influences
Cost of Location
Greenfield sites - Land that has never been built on, usually on the edge of a city or town
Brownfield sites - Land that has been built on but may have been abandoned
Availability and access to raw materials
Availability of labour
Access to and nearness of marketts
Aims and Objectives of a Business
Aim - An overall goal
Objective - Step to get to the aim
3 common business objectives
Survival
Growth
Profit
Types of Business Ownerships
Sole Trader
Only one owner of business
Most likely loans money from bank to start-up
Hard to operate with little capital
Easy and cheap
Keep all profit after tax
Unlimited liability
Long hours
Partnership
Business owned by 2 or more people
More capital introduced
Can help expansion of business
Work can be shared
Profit must be shared
Unlimited liability
Partners may not always agree
Private Limited Company (LTD)
Public Limited Company (PLC)
Franchise
Co-operative
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