chapter 1 business organisation
- Created by: spongebobett
- Created on: 02-05-13 12:27
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- chapter 1
- a plc stands for public limited company
- owned by a shareholder
- shares can be brought by anyone
- more expensive to set up
- business will have to be making enough profit to pay for it
- they have to make sure that they will still be making sales after the conversion
- to make sure they don't go into bankrupcy
- if they go into bankrupcy the business will be shut down
- to make sure they don't go into bankrupcy
- they have to make sure that they will still be making sales after the conversion
- business will have to be making enough profit to pay for it
- it is easier to borrow money from banks
- this is because a bank knows they will be able to pay the money back
- meaning if they needed a loan they could have one
- this is because a bank knows they will be able to pay the money back
- owned by a shareholder
- expanding a business
- as a business grows it will often change its aims/ objectives to expaning their business to reach a mass market
- they might not be able to keep up with competitors
- they might loose customers to competitors
- loosing out on sales
- they will not be making enough sales revenue
- this can lead to bankrupcy
- they will not be making enough sales revenue
- loosing out on sales
- they might loose customers to competitors
- they can gain more recognition
- this means you can gain more customers
- meaning you can make more sales
- eventually leading to more sales revenue
- meaning you can make more sales
- this means you can gain more customers
- franchises
- a franchise occours when one business gives rights to another business to sell their products
- the franchisor gets royaltys
- meaning that the franchiee has to pay a share of their profits to the franchisor
- meaning that the franchisor is making more profit
- meaning that the franchiee has to pay a share of their profits to the franchisor
- the original entreprenur no longer owns the entire business
- meaning that any desicions have to be made between both of the owners
- meaning control of the business could be lost
- meaning that any desicions have to be made between both of the owners
- ethical considerations
- gives a good image
- meaning you are keeping your customers happy
- this means they will keep returning to the business
- meaning you are going to be making more sales and therefore more revenue
- this means they will keep returning to the business
- meaning you are keeping your customers happy
- this is going to cost money to become ethical
- you have to make sure that you have the money there
- gives a good image
- a plc stands for public limited company
- a plc stands for public limited company
- owned by a shareholder
- shares can be brought by anyone
- more expensive to set up
- business will have to be making enough profit to pay for it
- they have to make sure that they will still be making sales after the conversion
- to make sure they don't go into bankrupcy
- if they go into bankrupcy the business will be shut down
- to make sure they don't go into bankrupcy
- they have to make sure that they will still be making sales after the conversion
- business will have to be making enough profit to pay for it
- it is easier to borrow money from banks
- this is because a bank knows they will be able to pay the money back
- meaning if they needed a loan they could have one
- this is because a bank knows they will be able to pay the money back
- owned by a shareholder
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