What is an internal influence?
something outside the business that relates to how it runs
a factor inside the business that relates to how it runs
a factor inside and outside the business that relates to how it runs
What are the main product influences on a business?
Types of products
quality of products
type of business
size of business
What are the THREE types of business'?
service
manufacturer
retailer
global
TNC
domestic services
It does't matter where the store is located, as long as the products are of good quality
What does a good location do for a business?
Higher number of sales
higher number of customers
nothing, as long as the products are good quality
What are the factors of location?
Visibility
Proximity to customers
proximity to suppliers
proximity to support services
cost
whether or not people pass by
the town its located in
The main resources available to a business are:
human, information, physical, financial
human, natural, physical, management
natural, physical, management, financial
A human resource includes the customers
A human resource is the employees of the company
the physical resource refers to the building the business is located in as well
A business needs a high level of structure in order for it to succeed
A business needs a high level of management in order for the operations to run smoothly
A business culture consists of FOUR essential elements
heroes
symbols
rituals,rites and celebrations
values
dreams
hopes
All business' have the same business culture
