Primary - Sector of industry that deals with extracting raw materials, Enterprise - Factor of Product that starts with the letter E, Capital - Factor of production that includes all man-made resources, Public - Sector of the Economy that the NHS is part of, Private - Sector of the Economy that a Sole Trader is part of, Twenty - The maximum number of partners in a partnership, Social Enterprise - A third sector organisation that has a main social or environmental aim and whose profits have to be put towards their aim , Profit Maximisation - Objective that means making as much profit as possible, SocialResponsibility - This objective is concerned with the business’s activities not causing damage to the environment or people., Stakeholder - A person who has an interest/influence on the business, Government - This stakeholder is interested in the organisation complying with laws, Internal - These factors are inside the business, they have control over them. , Economic - This factor is anything that encourages people to spend or not spend money.,

Understanding Business

by
Print
Embed

Leaderboard

Visual style

Options

Switch template

Continue editing: ?