1854640
Descrição
Mapa Mental por ross-feeley, atualizado more than 1 year ago
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Criado por ross-feeley
mais de 11 anos atrás
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Business & People
- Aim's & objectives?
- Aim: Long term goal
- Objectives: Short term goals
to help reach your goal
- Aim: Long term goal
- SMART
- Specific
- Measurable
- Acheivable
- Realistic
- Timebound
- Specific
- Stakeholders & shareholders
- A Stakeholder is a person who
has an interest in a business
- A shareholder is somebody that owns a
part of a business
- A Stakeholder is a person who
has an interest in a business
- Primary, Secondary and Tertiary sectors
- Primary Sector - Extract raw
materials
- Secondary Sector - Manufacture
items using raw materials
- Tertiary sector - Sells the
finished product or service
- Primary Sector - Extract raw
materials
- Key terms
- Specialisation - When a business operates in
one particular sector. It will specialise in this
leaving other sectors to do their parts of work
- Added Value - As raw materials are made into finished
goods, secondary sector are adding value tot the raw
goods. When the product is sold in the tertiary sector it
adds value to the item that has been made as it is sold
for more than it cost to make
- Merger - Two businesses of similar
size come together to form one
business
- Acquisition - One larger business
takes over a smaller business
- Conglomerate/Diversification is
when a business acquires
another business that is
unrelated with it
- Specialisation - When a business operates in
one particular sector. It will specialise in this
leaving other sectors to do their parts of work
- Integration
- Horizontal integration is when 2 businesses
merge together in the same sector
- Backwards vertical integration is when
a business merges with another
business in the sector before theirs
- Forwards vertical integration is
when a business merges with a
business in the sector after theirs
- Conglomerate/Diversification is when
a business acquires another business
that is unrelated with it
- Horizontal integration is when 2 businesses
merge together in the same sector
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