Introduction to Business

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give an example of land?
The land they build on for operations, the natural resources needed during production
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Evaluate the importance of land
All resources start within the land, land is not as important due to land
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Evaluate the importance of enterprise
Entrepreneurs are needed to bring the 3 factors together
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Entrepreneurs role in decisions
Entrepreneurs will make the best decisions to reach the highest level of success
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what are the 3 parts of the production chain?
primary, secondary and tertiary
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what are the roles of each sector?
primary - extraction of raw materials, secondary - turning the raw materials into a semi finished product, tertiary - service
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what are the 3 sectors of organsations?
private, public, third sector
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Distinguish between the 3...
Private - sell limited shares, public - sell shares on an open market, third sector - voluntary (non-profit)
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What are the 3 sectors of area?
local, national and international
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What is the definition of each?
local - around your community, national - within your nation, international - across the globe
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difference between national and international?
national - one country/nation, international - involvement of 2 or more nations
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Card 2

Front

Evaluate the importance of land

Back

All resources start within the land, land is not as important due to land

Card 3

Front

Evaluate the importance of enterprise

Back

Preview of the front of card 3

Card 4

Front

Entrepreneurs role in decisions

Back

Preview of the front of card 4

Card 5

Front

what are the 3 parts of the production chain?

Back

Preview of the front of card 5
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