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1.Business Organization, Different types of Stakeholders - Coggle Diagram

- - - - Advantages
        • Shares can be sold to the public.
        • Limited liability.
        • Easier to raise loans from banks.
        • Because of their size, they can dominate
        the market.
  - - - similar to sole traders, but there is more than one owner. Partners share responsibilities for running business and the profits. When starting a joint ownership, partners are obliged to draw up a deed of partnership, a legal document which states each partner’s’ rights in the event of a dispute
- - - - Strengths and weaknesses are internal, opportunities and threats are external
- - - - the natural resources for a business to be set up and for the production of goods and services, it can also be the place where business is conducted
    - - funds needed to set up and invest in a business and keep it running on a daily basis
    - - The human resources, the people needed to run a business, including managers and employees
    - - Enterprise is set by entrepreneurs who take risks to establish businesses and drive them forward.
- - - - Governments regulate organisations in order to protect the public interest; governments also enforce laws and reprimand companies when necessary. In addition, governments, particularly local governments, are dependent upon companies to provide tax revenues and employment.
      - Suppliers are the individuals and businesses that sell goods and services to another organisation. They want to be paid fair and reasonable prices for these inputs.