business studies revision

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  • Created by: ells_h452
  • Created on: 29-04-16 09:55

1. which one of these characteristics goes into Public sector organisation

  • Small-medium sized business.
  • It must have at least one shareholder one director and one secretary.
  • no shareholders
  • Stocks and shares are traded publicly.
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2. what is meant by extraction of raw materials

  • selling or products and services
  • extraction of raw materials
  • processes raw materials into a final product

3. which one of these is not an example of stakeholders?

  • Pressure groups
  • competitors
  • Suppliers
  • Owners

4. what is the definition of a need

  • a service essential for living
  • service which people would like to have

5. what is the objectives for managers?

  • Highest possible prices
  • Maximum profit for the least amount of money spent
  • More staff working hours for less money and maximum shares in shortest time
  • Value of shares to increase, dividend payments

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