Introduction to Business

Functions of a business Roles of the state Stakeholders definition Non-Durable products

?
  • Created by: Millie
  • Created on: 29-09-13 14:34
What are the functions of a business?
Marketing, Finance, Production, Human Resources.
1 of 7
Definition of a Stakeholder:
Somebody who has an interest in a business.
2 of 7
Non-Durable goods
Products that cannot be used more than once.
3 of 7
Durable goods
Products that can be used more than once.
4 of 7
What is the role of the state?
Consumer, Supplier, Economic Regulator, Legal Regulator.
5 of 7
What are the four factors of production? (Inputs)
Land, Labour, Capital/Machinery, Enterprise.
6 of 7
What are the other functions of a business?
Business as an employer, a source of revenue (income), helping the balance of payments.
7 of 7

Other cards in this set

Card 2

Front

Definition of a Stakeholder:

Back

Somebody who has an interest in a business.

Card 3

Front

Non-Durable goods

Back

Preview of the front of card 3

Card 4

Front

Durable goods

Back

Preview of the front of card 4

Card 5

Front

What is the role of the state?

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

BUSS2
See all Business Studies resources »See all Key Terms resources »