Bm Flashcards

Get more confident (19 cards)

1
Q

What is a voluntary organisation

A

Non profit group run by volunteers for a social purpose

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2
Q

What is a social enterprise

A

A business that aims to make money while solving social problems

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3
Q

Stakeholder owner interests

A

Profit, growth and control of business

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4
Q

Stakeholder shareholders intereast

A

A return on investment through divends and a rising share price

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5
Q

Stakeholders customer interest

A

Good quality product/services and good price

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6
Q

Stakeholder interess on the bank

A

The ability to repay loans and Interest on time

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7
Q

External Factors political

A

How government policy and law affect a business e.g national minimum wage

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8
Q

EF Economic

A

Changes in unpemployment, inflation or intereast rates.

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9
Q

EF social

A

How changes is society effect trends and demand

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10
Q

EF Technological

A

How new technology impacts production, the worldwide increase of retailing online.

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11
Q

EF environmental

A

How environmental laws and issue effect business operations

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12
Q

EF competitive

A

How competitors actions effect a business

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13
Q

IF financial

A

the avaliability or lack of finance

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14
Q

IF human resources

A

the employees and managers within the business

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15
Q

IF Current technology

A

thr technology being used at present

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16
Q

IF technological factors

A

The use of up to date equipment or software

17
Q

what are stake holders

A

a group of people who have an interest and influence in a business organisation

18
Q

what is an internal factor

A

factors within a business that impact on how it operates

19
Q

what is an external factor

A

factors outside the control of a business that impact on how it operates