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Business, Keywords in the topic - Coggle Diagram
Business
Section 1: Understanding business activity
Business Activity
Classifications of business
Enterprise, business growth and size
Business objectives and stakeholder objectives
Section two: People in business
Motivating employees
Organisation and management
Recruitment, selection and training of employees
Internal and external communication
Section 4: Operations management
Production of goods and services
Costs, Sacle of production and break-even analysis
Achieving quality products
Location services
Section 3: Marketing
Marketing, competition and the customer
Market Research
Keywords in the topic
Section 1: business activity
Economic problem, Limited resources, unlimited wants
Added Value
Primary, secondary , tertiary sector
Public, private sector
Entrepreneurs: Benefits, Disadvantages, characteristics
Business Plans
Growth within business: Internal growth, external growth, mergers or takeovers
Types of business: Sole trader, partnership, private limited companies, public limited companies
Business objectives
Section 2: People in business
Motivation theories: Taylor's theory, Maslow Theory, Herzberg Theory
Effective managers
Trade union
Training employees
Effective communication
Section 4
Production method
Economics of scale
Break-even charts
Achieving quality production
Factors affecting Location decisions
Section 3
Market segments
Primary and Secondary Research