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Business Unit 1 AS

This class was created by Brainscape user Miron Limbu. Visit their profile to learn more about the creator.

By: Miron Limbu
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Decks in this class (16)

What do businesses do and Factors of production
What do businesses do,
What does business activity produce,
What is a consumer good
10  cards
Added and Creating value
What is added value,
What is creating value,
Give an example of creating value
5  cards
Role of the entrepreneur
What does entrepreneur do,
What are qualities entrepreneurs ...,
What is innovation
6  cards
Opportunity cost
What is a opportunity cost,
Why does this happen
2  cards
Challenges faced by entrepreneurs and why businesses fail
What are these challenges,
Why do,
What does it mean by a lack of re...
5  cards
Social enterprise
What is a social enterprise,
Three main aims of a social enter...,
What are the main aims referred t...
4  cards
Nature of business activity
What are the three types of busin...,
What is primary sector business a...,
What is secondary sector business...
8  cards
Economies and sectors
What are the two types of industr...,
What are the three types of economy,
What is the public sector
8  cards
Legal Structures (Sole Trades and Partnerships)
What is a sole trader,
Advantages of being a sole trader,
Disadvantages of being a sole trader
12  cards
Legal Structures (LTD and PLC)
What is a private limited company,
What is a public limited company,
Advantages of a ltd
10  cards
Legal Structure (Public Corp. Joint venture and holding company)
What is a holding company,
Common features of a holding company,
What is a joint venture
6  cards
Measurements of business size
What are the 5 main measurements ...,
Pros and cons of using no of empl...,
Pros and cons of revenue as a bus...
13  cards
Significance of small businesses
What is smes,
What are the benefits of smes,
Features of a micro business
9  cards
Internal growth
What is internal growth,
Examples of internal growth,
What is good about internal growth
4  cards
Business objectives in the private sector
What are the 8 common corporate o...,
What is profit maximisation,
What is corporate social responsi...
4  cards
Business stakeholders and their influence
What are the 8 types of shareholders,
What does the owner do,
What do customers do
9  cards

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Business Unit 1 AS

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