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1667621
Revision for business studies
Description
made for private revision
Mind Map by
minsung.kang
, updated more than 1 year ago
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Created by
minsung.kang
almost 10 years ago
38
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0
Resource summary
Revision for business studies
Adding value
Branding
USP
Quality
Production
Convinience
Design
Entrepreneurs
Innovator
Organiser
Decision maker
Risk taker
Factors affecting choice of business
Growth
Need for finance
Control
Limited liability
Type of organisation
Usage of profits
Age
Nature of business
Business location
Quantitative factors
Costs
Fixed costs
Site costs
Availability of grants/subsides
Cost of loans associated with setup
Cost of utilities
Cost of hiring staff
Cost/availability of technology
Variable costs
Nearness to market
Cost of raw materials
Cost of sourcing supplies
Transportation costs
Bulk increasing
Bulk decreasing
Nearness to a supply of labour
Qualitative factors
Working environment
Ease of access to staff/suppliers
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