Please enable JavaScript.

Coggle requires JavaScript to display documents.

Business (Factors of Production. (Enterprise: The person who comes up with…

- - - - Skills: good leader, financial.
      - Qualities: motivation, confidence.
    - - What is included:
        The name of a business,
        The name(s) of the owners (and possibly the background),
        The purpose of the business and its aims for the future,
        The location(s),
        Whether it is an online business,
        Competition,
        Research done,
        Key employees,
        Funds invested (by the owners or from another source)
- - - - Unlimited liability: If the business goes bankrupt the debts are settled by selling the individuals personal possesions, eg house, car.