Business objectives — main goal?
To achieve profit, growth, or sustainability.
Profit — definition?
Financial gain after costs are deducted.
Types of businesses — examples?
Sole trader, partnership, Ltd, PLC, franchise.
Revenue — total?
Income from sales before costs.
Market Share — meaning?
Proportion of industry sales held.
Cash Flow — importance?
Maintains liquidity and operations.
Business Objectives — focus?
Profit, revenue, market share, survival.
Business Environment — includes?
Economic, legal, social factors.
Stakeholders — role?
Influence and are affected by the business.
Teste seu conhecimento com 6 perguntas sobre Fundamentals of Business and Economics.
1. How should a business prioritize its objectives when aiming to expand its market share while maintaining profitability?
2. Which of the following business structures is a separate legal entity from its owners, with shares that are not available to the general public?
Revise o curso completo na ficha de revisão para Fundamentals of Business and Economics.
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