This website uses cookies to ensure you have the best experience. Learn more

Business And People Notes Essay

618 words - 3 pages

Business & People Asad
De-industrialisations: The reduction of importance of the secondary sector of business activity in a country.
Dividend: A payment made to shareholders from the profits made by a private or public limited company.
Sole proprietor: One person who owns the business.
Horizontal integration: Merger or takeover of another business at the same stage of production in the same industry.
Vertical integrations: Merger or takeover of another business not at the same stage of production in the same industry.
Footloose: A business is able to locate anywhere it chooses.
Sleeping partner: A person who has invested capital in the business but who does not take an active part.
Globalisation: The worldwide interdependence of business activity.
Multinational company: A company with facilities in several different countries.
Maslow’s Hierarchy of needs: A theory that can be used to explain ...view middle of the document...

Line of communication: The route a message travels between the sender and the receiver.
Line manager: This is the person who is directly responsible for other workers in the organisation.
Subordinates: The workers that a line manager is responsible for.
Span of control: The number of subordinates who report directly to the line manager.
Delegated: The process of giving a manager authority to a subordinate to make decisions for which that manager is responsible.
Questions

1. Sate and explain the objectives of most businesses.

Profit – Most businesses main target is to gain profit. This may be the only reason they have set up the business. Some businesses may want to maximise profits, which means they will try to make as much profit as possible. This may mean, however, that consumers feel they are not being treated well.
Growth – This is important to a business as it is seen as a way to raise profits. This is especially important to larger businesses such as public limited companies, which need the growth to pay increased dividends to their shareholders.
Survival – This objective is particularly important to a new business for the first few months. Just to keep going after first opening a business may be something of an achievement.
Providing a service – This is linked with profit. The better the service the more customers attracted hence more profit made.

2. Explain the difference between a plc and a ltd.

Public companies - Ownership rights (Shares) are traded on the stock exchange. Anyone can have part ownership of the company. Their accounts need to be audited and are of public information.
Private company - Ownership is usually just a few people. These are commonly smaller businesses. Their shares are not traded on the stock exchange. Their accounts don’t need to be audited and their financial statements are private.

3. Explain what happens at the secondary sector.

This sector generally takes the output of the primary sector and manufactures finished goods or where they are suitable for use by other businesses.

Other Essays Like Business and People Notes

Implications Of Health South And Scrushy

1722 words - 7 pages the corporation existed? Business corporations have existed for many centuries and over an even longer period of time. By definition, a corporation is an entity that allows individuals to do business without exposing themselves, personally, to the financial liability or loss associated with running a genuine and true business (E-notes, 2012). According to Novak, The modern business corporation was designed to continue beyond the life of the

Managment information systems Essay

2621 words - 11 pages something that always causes a great impact on the business, causes changes in the organization, the model and management structure, business processes and people. For the implementation of an ERP system is successful, innovative takes three pillars: the software (new technology that will interfere with the architecture of information flow in the enterprise, business processes and training of users. Page 5 Assignment 1 – Set up an

Simulation Worksheet

1000 words - 4 pages | | | |Technology, Jamal Moore, and Aaron Webb | | | |The people who are personally involved in this issue are the stakeholders. It is the shareholders, | | | |General Counsel, Director of Information Technology, VP of human resources, Jamal Moore, Aaron Webb

5. Consider the E-R Diagram in Figure 7-20. Based on This E-R Diagram, Answer the Following Questions: • A. How Many Employees Can Work on a Project? • B. What Is the Degree of the Used on...

963 words - 4 pages techniques for collecting requirements include interviewing and listening, observing users, and analyzing procedures and other documents. Interviewing and listening involve talking with users individually or as a group to discover their views about the current and target systems; it also involves carefully preparing an interview outline and guide before conducting the interview. Interviews are best done when only a few people are involved, when

Blue Ocean Strategy Mkt421

1072 words - 5 pages be interested in and are different from others in the industry. “In blue oceans, demand is created rather than fought over” (Harvard Business Review, 2004). Fighting for customers in a cutting edge world creates a “bloody red” environment while BOS makes competition virtually irrelevant by expanding products to new customers. Products or services must be innovative while remaining low cost by aligning profit, value, and people in an

Organizational Behavior

1975 words - 8 pages Robert N Lussier he notes that Steve jobs is a very controversial leader in his business. He was described as tough, temperamental, agrressive and a very demanding leader. He would attack employees who make mistake and not meeting employees expectations , he would go ahead and anger employees and even customers. On the other hand describes steve Jobs that creates an environment that nurtures and enhances the technology based products many of which

Business Legal Structures

569 words - 3 pages A Level Business Homework: Legal Structure Notes:- Key Terms: * SOLE TRADERS: A business owned by one person. The owner may operate on his or her own or may employ other people. * PARTNERSHIPS: A partnership is a form of business in which two or more people operate for the common goal or making a profit. * PRIVATE LMITED COMPANY: A small-to-medium sized business that is usually run by the family or the small group of individuals

Investment Banking

870 words - 4 pages begin your application. Making notes would be useful at this stage. The graduate programme Each graduate programme fits into one of the four business areas above. For instance, technology, finance, treasury and compliance roles come under business functions. It’s important that you familiarise yourself with Barclays’ business structure to get a better understanding of how you’d fit into the business if you were taken on. The

Mktg Answers

572 words - 3 pages offers much more than the basics now. They allow you to boost posts, and boost those posts to specific audiences (ex. when boosting a post you can tag it to various categories: women, fashion, clothing, small business, age, etc) Facebook is a valuable resource in that it allows you to target people who would more likely be interested in the product or service you are offering. Overall am amazing application, with so much customization. You are also

Mba Business Ethics

1032 words - 5 pages considered within the context of the next question. ______________________________ 2 de Bettignies, H.C., class notes, MBA University of Bristol 3 de Bettignies, H.C., From Vision to Action: Business Schools and the Development of Responsible Leaders, INSEAD, January 11, 1995, p.12 What is likely to be the role of "ethics" in tomorrow's society? The role of ethics in tomorrow's society will depend on

Business Research Ethics

841 words - 4 pages Business Research Ethics Bobbie Stolze RES/351 October 15th, 2012 James Malachowski Business Research Ethics Today there are many cases of unethical business research that usually result in entire firms as well as individuals that are convicted and fined in the court of law. Unethical business research comes in many forms some of these forms are inappropriate questionnaires, research fraud, failure to maintain participant’s privacy, and

Related Papers

Professinonal Studies Essay

4631 words - 19 pages (British Institute of Marketing). peninahwchege@gmail.com Page 2 PRINCIPLES OF MARKETING NOTES BST 2220 LECTURER: MS CHEGE · Marketing is a social process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others (Kotler, 1984). · Marketing is a total system of business activities designed to plan, price, promote and distribute want-satisfying goods and services to present

Xacc 280 Week 8 Internal Controls

1353 words - 6 pages In the industry of accounting, organizations seem to need a system put into place for them that will reduce (or possibly eliminate) fraud. Every business must have some way to protect its resources, both physical and intangible. This system is called an internal control. Internal controls are designed to help the organization accomplish goals and objectives without hindering the normal workflow of day to day business. There are two main

International Cross Cultural Essay

4920 words - 20 pages According to James (1998), performance has its roots in three key principles. People learn work/achieve more when they are given: 1. Adequate feedback as to how they are performing 2. Clear and attainable goals 3. Involvement in the setting of task and goals. Notes compiled by Zubair Zubair@ftms.edu.my or Zubai7@gmail.com 14 International Business (MOD001055) Chapter 8: International Human Resource Management Zubair Hassan (2013

Dcfhytikiyloo Essay

3011 words - 13 pages through Globalization The Gap's Focus on Its Global Supply Chain 145 A Look Back 146 Summary 147 Key Terms 147 Discussion Questions 147 Self-Assessment Exercise 148 Exercising Strategy 148 Managing People Brown v. Board of Education: A Bittersweet Birthday 149 Twitter Focus 151 Notes 152 Contents 4 The Analysis and Design of Work 154 Part 2 Enter the World of Business: Working Smarter: U.S. Manufacturers Stage a