1
Q
What are natural resources?
A
items from the environment that are used in the production of goods and services
2
Q
What are labour resources?
A
The people who provide a business with their skills and qualifications
3
Q
What are capital resources
A
Man made goods that are used in the production of goods and services.
Business Management
flashcards
Decks in class (29)
# Cards
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1A Personal motivation for starting a business6
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1B Sources of business opportunity: Part 15
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1C Sources of business opportunity: Part 23
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1D Characteristics of successful managers & entrepreneurs4
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1E The importance of business concept development5
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1F Market research & initial feasibility studies11
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1G The importance of goal setting10
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1H Businesses’ contribution to the wellbeing of a nation12
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1I Business innovation & entrepreneurship4
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2A Business planning & the business environment4
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2B Legal & government regulations6
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2C Societal attitudes & behaviour4
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2D Economic conditions5
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2E Technological issues2
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2F Global issues: Part 15
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2G Global issues: Part 25
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2H Corporate social responsibility issues3
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2I Customer needs & expectations2
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2J Competitors' behaviour1
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2K Suppliers & the supply chain2
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2L Special interest groups4
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3A Types of business structures4
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3B Types of business models6
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3C Business locations2
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3D Resources3
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3E Sources of finance4
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3F Purchasing vs establishing a business2
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3G Business support services3
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3H Business plans1
