Pages in this set

Page 1

Preview of page 1
Busi
ness
AS
Revi
si
on
G ui
de
Busi
nesses ai
m to
ma ke
a pr
ofi
t
by sel
li
ng pr
oducts
(goods)
or
servi
ces
Some
fi
rms
sell
necessi
ti
es
(what
peop l
e need)
,
others
luxur
y pr
oducts
or
ser…

Page 2

Preview of page 2
New i
deas
for
pr
oduct

St
akehol
der
o Internal
St
a kehol
ders
(people
insi
d e
the busi
nes s)
O w ners
Ma ke
profi
t,
i
f
business i
s successf
u l
D e ci
de what
hap pens
to t
he business
I…

Page 3

Preview of page 3
o Pri
ma r
y Sector
E xtr
act
R aw Mater
ial
D ecli
ne i
n UK ­
C heaper t
o i
mp or
t
fr
om other
countr
ies
o Secondary
S ect
or
Ma n uf
actur
ing
an d
construct
ing
D ecli
nes…

Page 4

Preview of page 4
Fr
anchi
sor
o Is t
he busi
ne ss
w hi
ch i
s wil
l
ing t
o sel
l,
or
l
icense,
the
use of
i
ts i
dea,
n ame and
r
eputat
ion
o P ro
S ome one el
se runs
pa r
t…

Page 5

Preview of page 5
Success of business depends on the Demand
o D ema nd
has ma ny
fact
ors
P r
ice of
t
he
product
P ri
ce goes up
­ dema nd t
ends t
o go down
P ri
ce goes down ­
d emand
goes up
A ct
ion…

Page 6

Preview of page 6
o A sol
e t
rader
i
s an
indi
vi
du al
t
radi
ng
in
his
or
her
ow n
name,
or
under
a sui
tabl
e
t
radi
ng name.
o Sole
tr
aders
are sel
femp l
oyed
o Ow ner
has
ful
l
responsi
bil…

Page 7

Preview of page 7
o C ons
P artners
sti
ll
have
un l
i
mited l
iabi
li
ty
E ach
partner
i
s l
iabl
e
for
decisi
ons ma de
by ot
h er
par
tners
­ even
if

t
h ey
had
no say
in t
he decisi
on
T…

Page 8

Preview of page 8
o They need
over
50'000
Pound of
share
capit
al
and i
f
they'
re
li
sted
on a
stock
exchange,
at
l
east
25% of
thi
s must
be publ
icl
y avai
labl
e.
People
in
the
company can
ow n
the
rest
of
t
he shar
es…

Page 9

Preview of page 9
People
w ho
ow n
the
comp any
(Shar
ehol
der
s)
do
not

necessar
il
y cont
rol
t
he company




Not
f
orProf
it
busi
nesses
o N ot
set
up t
o ma ke
a prof
it
o O f
ten t
o hel
p people
o…

Page 10

Preview of page 10
Financing a business
o I t
cost a
lot
t
o star
t and
run a
business
N e w busi
ne sses
can not
usuall
y put
off
payi
ng costs
li
ke wages or

rent
s f
o r
premises.
This
is
a pr
o bl
em beca…

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »