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Unit 1 Business AS Level - Coggle Diagram
Unit 1 Business AS Level
Enterprise
Nature of business activity (6)
purpose of business activity
the factors of production needed by businesses
The concept of adding value
Opportunity cost
Why business succeed/fail?
local/national/international/multinational business
The role of intrapreneur and entrepreneur (5)
qualities of sucessful
Barrier to entrepreneurship
business risk and uncertainty
Role of enterprise in a country's economic development
role of intrapreneurship
Purpose and key elements of business plans
Benefits/ limitations of business plan
Business Structure
Economic sector
primary/secondary/tertiary/quarternary
industrailisation/deindustrialisation
public sector, private sector
Business ownership (8)
sole trader
partnership
LTD
PLC
MOA and AOA
Cooperative
Social enterprise
Franchises
Joint venture
Business objectives
Objectives and business decisions
role in decision making
objectives changes over time
objectives into targets and budgets
communicating objectives
Ethical influences on business objectives and activities
the importance
private sector
social enterprise
public sector
SMART objectives
Mission statement
Stakeholders in a business
Business stakeholders (8)
importance/influence of stakeholders
Business decisions and stakeholders
stakeholder's conflicts
impact of stakeholders changing business objectives
Size of business
measurement of business size
which form is the best? (EV)
significance of small business (5)
definition
advantages/disadvantages of being small
strength/weaknesses of family business
importance in economy
role in some industries
business growth (3)
organic growth
external growth and its impact
merger/joint ventures/strategic alliance