What is business

?
Sets out a business's overall purpose
Mission Statement
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Medium to long term goals which help achieve the mission statement
Objectives
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A business which is owned by an individual who is self employed
Soletrader
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Privately held businesses which has limited liability
Private limited company
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Large publicly owned companies which sell their shares on the Stock Exchange
Public limited company
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Organisations which are usually charities
Non profit organisations
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On the Blake Mouton Grid they have high concern for people but low concern for task
Country Club
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On the Blake Mouton Grid they have low concern for people but high concern for task
Task Management
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An example of an internal stakeholder
Employees
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An example of an external stakeholder
Supplier
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Revenue - Total Costs = ?
Profit
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Price per unit X quantity of units sold = ?
Revenue
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Other cards in this set

Card 2

Front

Medium to long term goals which help achieve the mission statement

Back

Objectives

Card 3

Front

A business which is owned by an individual who is self employed

Back

Preview of the front of card 3

Card 4

Front

Privately held businesses which has limited liability

Back

Preview of the front of card 4

Card 5

Front

Large publicly owned companies which sell their shares on the Stock Exchange

Back

Preview of the front of card 5
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