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:fountain_pen:Business :eggplant::explode: :tada: Revision :pen: (Business…
:fountain_pen:
Business :eggplant::explode: :tada: Revision
:pen:
Industrial Sectors
Secondary
Turns raw materials into products
Territary
Sells the products
Primary
Extraction of raw materials
Business Ownership
Sole proprietorship
Partnership
Franchise
Cooperative
Public/Private limited companies
S Corporation
Authority Protocols
Line managers
Team Leaders
Experienced employees
Head of department
Shareholders
Stakeholders
Factors affecting location
Is there space available?
Can certain people attend?
Travel opportunities
Taxi arrangments
Hotel locations
Cost
Laws affecting document content
Voltmetery constants
Ethical reasons
Codes of practice
Organisational constraints
Consumer protection
Copyright
Properties of an email
From
Dear Mr/Mrs
Formal
Methods of transport
Bus
Train
Car
Walk
Airplane
Taxi
Ethical issues
Authority over certain teams
Accountability
Trust between employee and manager
Checking Protocols
Checking for error
Specialists
Proof reader
Senor member of staff
Structure of a letter
Signed at bottom
Clear points
Address
Keep it formal
Yours faithfully/ sincerely
Dear sir/ madam
Green Issues
Carbon emissions
Climate change
Sustainable development of raw materials
Drought/ access to water
Industrial waste
Authorization Protocols
Employees sometimes need a second opinion from their line manager
Managers have authority to handle certain tasks such as signing a payment letter
Prioritizing
Resource constraints
Length of task
Diary clashes
Complexity of task
Urgency of task
Organisation Charts
Allows employees to understand how their work fits into the whole business
Improves lines of communication
Show work responsibilities and reporting relationships
Visual employee direction
Allow leaders to manage the businesses growth and change
Present information for the business structure
Protocols
Rules which everyone in a business should follow
Codes of practice
Authority protocols
IT protocols
Payment methods
Cash
Physical coins and notes that can be used to buy products
Cheque
A piece of paper that you use by signing an amount of money and with your signiture
Credit Card
Bank cards that let you spend borrowed money, which you can pay back later when you get a bank statement.
E-Money
Electronic money that is used online
Debit Card
Bank cards that let you spend the money in your account.
Profit loss/revenue
Total revenue - Total cost
Revenue = the income earned by a business over a period of time, eg one month.