GCSE Business Studies Flashcards on Business activity , created by Liv Gran on 18/12/2016.
|
Created by Liv Gran
about 8 years ago
|
|
Close
|
|
Created by Liv Gran
about 8 years ago
|
|
//BUSINESS ACTIVITY //
Need
want
economic problem
scarcity
opportunity cost
factor of production
business
specialization
division of labour
added value
//CLASSIFICATION OF BUSINESS//
primary sector
secondary sector
tertiary sector
private sector
public sector
privatisation
//ENTERPRISE, BUSINESS GROWTH & SIZE//
entrepreneur
business plan
capital employed
internal growth
external growth
takeover
merger
horizontal integration
vertical integration
conglomerate integration ( diversification)
//Types of business organization//
sole trader
partnership
limited liability
incorporated business
Unincorporated business
private limited company
public limited company
shareholders
dividends
franchise
joint venture
Public corporation
