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Business and its enviroments - Coggle Diagram
Business and its enviroments
Enterprise
Factors of production
Land
Labour
Capital
Enterprise
Business structure
Secondary Sector
The sector that manufactures goods and services
Tertiary Sector
The sector that provides goods and services
Primary Sector
The sector that extracts resource
Size of business
Number of employees
Number of capital employed
Amount of profit being made
Amount of Partnerships
Measure of output
Business objectives
S.M.A.R.T
Achievable
If something is attainable or isn't impossible to attain
Realistic
If an objective is realistice or attainable through realistic methods
Measurable
Measuring your progress towards your goal
Timebound
To create a sense of urgency
Specific
well defined and clear
Stakeholder in a business
Internal
Training workers
Employing more advanced capital and machinary
Hiring more staff
External
Merging with other companies
Forming partnerships with other businesses