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Consumer goods
Consumer services
The Factors of Production
Capital Goods
Creating Value
Added Value
The economic problem
Opportunity Cost
Entrepreneur
Social Enterprise
Triple Bottom Line
Primary sector business activity
Secondary sector business activity
Tertiary sector business activity
Public sector
Private Sector
Mixed Economy
Free- market economy
Command Economy
Sole trader
Advantages of sole trader organizations
Disadvantages of Sole Trader organizations
Partnership
Advantages of Partnerships
Disadvantages of Partnerships
Limited Liability
Private Limited Company
Advantages of Ltd's
Disadvantages of Ltd's
Share
Shareholder
Public Limited Company
Documents needed to set up a company in the UK
Memorandum of Association
Articles of Association
Advantages of Plc's
Disadvantages of Plc's
Features common to all cooperatives
Potential drawbacks of cooperatives
Franchise
Benefits of Franchises
Drawbacks of franchises
Joint Venture
Benefits of Joint Ventures
Drawbacks of Joint Ventures
Holding Companies
Public corporation
Advantages of public corporations
Disadvantages of public corporations
Different measures of business size
Revenue
Capital Employed
Market Capitalization
(definition & formula)
Market Share
(definition & formula)
Benefits of encouraging small business units
Loan Guarantee Scheme
Strength of Family Businesses
Weaknesses of Familly Businesses
Reasons for Business Growth
Internal Growth
What are SMART objectives
Hierarchy of Objectives
Benefits of establishing corporate aims
Mission Statement
Benefits of Mission Statements
Drawbacks of Mission Statements
Common Corporate Objectives
Corporate Social Responsibility
Stages of the decision-making framework
Factors that determine the corporate objectives of a business
Management by Objectives (MBO)
Ethical code (code of conduct)
Drawbacks of being Ethical
Benefits of being Ethical
Stakeholders
Stakeholder concept
Business Stakeholders
Free Trade
Tariffs
Quotas
Voluntary export limits
Protectionism
Comparative Advantage
Globalization
WTO
Free trade blocs
NAFTA (countries)
ASEAN (name)
Multinational business
Benefits to "host" countries of multinationals
Drawbacks to "host" countries of multinationals
Privatization
Arguments for Privatisation
Arguments against Privatisation
External Growth
Horizontal Integration
Forward Vertical Integration
Backward Vertical Integration
Rationalization
Merger
Takeover
Synergy
Legal constraints in terms of employment cover these areas:
Impact on the business of employment and health and safety laws
Disadvantages
Impact on the business of employment and health and safety laws
Advantages
Sale of Goods Acts, 1979 and 1982
Trade Descriptions Act, 1968
Consumer Protection Act, 1987
governments encourage business competition by passing laws:
Monopoly
Why do monopolies develop?
Competition Act 1980
Social Audit
Benefits of a social audit
Limitations of a social audit
Information technology
Innovation
