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needs
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wants
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goods
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survival
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services
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Factors of production
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land
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labour
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capital
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enterprise
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What is Business?
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Sectors of Industry
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Primary Sector
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Secondary Sector
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Tertiary Sector
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Quaternary Sector
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Sectors of the Economy
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Public Sector
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Private Sector
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Voluntary Sector
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Sole Trader
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Funding for a Sole Trader
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Partnership
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Funding for a Partnership
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Private Limited Company
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Funding for a Private Limited Company
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Public Limited Company
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Funding for a Public Limited Company
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Franchise
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Multinational
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Limited Liability
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Franchiser
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Franchisee
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Business Objectives
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Profit Maximisation
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Satisficing
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Sales Maximisation
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Social Responsibility
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Market Share
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Provision of a Quality Service
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Customer Service
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Merger
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Takeover
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Backwards Vertical Integration
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Forwards Vertical Integration
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Outsourcing
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Diversification
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Divestment
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De-merger
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Outsourcing
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Public Sector Objectives
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Private Sector Objectives
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Voluntary Sector Objectives
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Unlimited Liability
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Advantages for a Franchisee
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Disadvantages for a Franchisee
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Disadvantages for a Franchiser
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Advantages for a Franchiser
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Span of Control
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Line Relationship
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Lateral Relationship
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Tall Structure
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Flat Structure
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Chain of Command
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Centralised Structure
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Decentralised Structure
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Matrix Structure
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Entrepreneurial Structure
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Delegation
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Empowerment
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Functional Grouping
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Product/Service Grouping
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Place Grouping
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Process or Technology Grouping
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Stakeholder Conflict
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Stakeholder Interdependence
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Strategic Decisions
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Tactical Decisions
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Operational Decisions
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POCCCDM
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The Role of a Manager
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SWOT Analysis
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Decision Making Tool
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