Unit 1 Business

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  • Created by: millie
  • Created on: 22-03-14 13:13
Characteristic
A personal quality or feature in which a person posseses
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Motivation
Something in which drives an entrepreneur to start up a business and become successful
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Supply
The amount a producer is willing to produce or provide at a given price
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Demand
The amount that consumers are willing to buy at a given price
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Autocratic Leader
Take top down decisions without consulting employees - very strict and demanding
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Paternalistic Leader
softer version of autocratic, consult at every level, explain reasons but make the final decisions
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Democratic Leader
Guide rather than dictate and encourage workers in the decision making process - more friendly
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Theory X Manager
Assume employees are lazy and dislike work, workers need to be controlled and directed
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Theory Y Manager
Assume employees enjoy work and are keen, workers take responsibility and decision making is delegated
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Other cards in this set

Card 2

Front

Something in which drives an entrepreneur to start up a business and become successful

Back

Motivation

Card 3

Front

The amount a producer is willing to produce or provide at a given price

Back

Preview of the back of card 3

Card 4

Front

The amount that consumers are willing to buy at a given price

Back

Preview of the back of card 4

Card 5

Front

Take top down decisions without consulting employees - very strict and demanding

Back

Preview of the back of card 5
View more cards

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