Please enable JavaScript.

Coggle requires JavaScript to display documents.

Paper A - Coggle Diagram

- - - - Foreign trade policy- When the governments trade policy can make it easier/more difficult for businesses to trade internationally
      - Government policy-It can possibly change the way business has to function
  - - - Internal
        
        Board of directors- These are the chosen people who represent the shareholders interest, They are a mixture of people who are either internal or external
        
        Employees- People who have an employment contract, they are classified as workers but have additional employment rights
        
        Owners- The people who not only direct the business but have a day by day control over the operations/processes.
        
        Departments- These are parts of a business (usually when its bigger) that all individually focus on different things from each other
      - External- These stakeholders don't have a direct relationship with the business but are somewhat involved with it.
        
        Direct/Indirect competitors- Direct competitors sell similar/the same product or service as your company whereas Indirect competitors sell similar products/services except its a substitute for it.
        
        Outsourced services and suppliers- Outsourcing is when a business hires another business to do the tasks they cannot do. Suppliers provide goods/services to another business.
        
        Shareholders- A person/company that own a share of the companies stock.
        
        Clients- A person/company that pays for professional support/services from another company
        
        Customers/consumers- these are the people who purchase the companies products/services.
        
        Investors- People/companies/entities that provide funds in hopes that they will get more money back than they invested.
    - - Business to business- When a business sells its products/services to another business so they can function
      - Business to many- This is when the business sells their products/services to both other businesses and customers
      - Business to customer- This is when the business sells directly to the customer
    - - Private- A private sector is an organisation owned by individuals
        
        Large enterprises- A greater amount of financial turnover and employees than the small/medium enterprises
        
        Non-governmental organisations- They are non-profit organisations that do not need the government's help.
        
        Small/medium enterprises- A business that's financial and number of employees is below a certain level.
      - Voluntary/charity- Organisation which want to benefit society, most usually without profit. Any money raised is invested goes back into the community
      - Public- The public sector is an organisation that is operated by the government/government agencies.