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Buisness studies - Coggle Diagram

- - - - Company cars, phones
    - - Bonuses, raises
  - - - attracting and selecting the best candidates for job posts
    - - set wages and salaries that attract and retain employees as well as motivate them
    - - all laws on health and safety conditions in the workplace should be adhered to
    - - give employees training to increase their productivity and efficiency
  - - - opening up a vacancy to a wider pool of candidates rather than selecting someone from the existing staff to fill the role
    - - the process of filling job vacancies within a company by exclusively considering current employees
- - - - You can sell assets to raise capital
        
        Disadvantages
        
        Not available for new buisnesses
        
        Advantages
        
        No debts
    - - finance the owner directly invests from hos own saving will be internal finance.
        
        Disadvantage
        
        increased risk
        
        Advantage
        
        Quick cash, no interest
    - - Profits kept within the buisness after owners take their profits
        
        Advantages
        
        No interest, doesn't have to be paid back
        
        Disadvantages
        
        A new Buisness wont have retained profits
  - - - Advantages
        
        Permanent source of capital
      - Disadvantages
        
        Can change ownership
    - - Disadvantages
        
        Small buisnesses may not be able to get a lone
      - Advantages
        
        Can be in large amounts quick