1.Different stage in the same production process 2. Same stage in the same production process 3. Different production process
1 of 10
Selling Franchises/ Adv's/Disadv's
Selling the rights to the business’s name, logo and operating methods to another business/ Quick method of expansion, Get percentage of Profits, Often Motivated/ Lose control of Franchisee, Quality problems lead to Reputation problems
2 of 10
Expansion Adv's/Disadv's
Economies of Scale, Less risk of takeover, Customers more likely to buy/ Slower decission making, Less co-ordinated, only works for demand on product
3 of 10
LTD/ Private Limited Company
needs permission of shareholders to buy and sell more shares. Friends and Family
4 of 10
PLC/ Public Limited Company
Can sell shares to anyone through the stock exchange, Open to the Public
5 of 10
Stakeholders
Employee/ Shareholder/ Community/ Government/ Suppliers/ Owners REVISE THESE ADV'S AND DISADV'S
6 of 10
Flotation
More free publicity from media, Access to greater number of potential investors, More status may attract customers/ May get bad publicity, May be more vulnerable to takeover, Clashes with new investors (divorce between ownership and control)
7 of 10
Factors affecting Location
Costs, Transporting products, Transporting raw materials, Rental, Government taxes/incentives, Cost of labour (is there skilled labour?)
8 of 10
Revenue
Proximity to customers, Proximity to competition
9 of 10
Relocating Overseas Adv's Disadv's
Avoid government restrictions in UK, Cheaper labour, Cheaper raw materials/ Different health and safety regulations, Lose reputation as a British company, Cost of relocating and buying a new factory etc.
10 of 10
Other cards in this set
Card 2
Front
Selling Franchises/ Adv's/Disadv's
Back
Selling the rights to the business’s name, logo and operating methods to another business/ Quick method of expansion, Get percentage of Profits, Often Motivated/ Lose control of Franchisee, Quality problems lead to Reputation problems
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