Shared Flashcard Set

Details

First Test
First Test
11
Business
12th Grade
03/03/2013

Additional Business Flashcards

 


 

Cards

Term
Equity vs Debt
Definition

Equity is finance from owners

 

Debt is from Banks

 

 

Term
Equity Advantages
Definition

No interest

Only pay dividend if business makes profit

Money belongs to company forever

Term
Disadvantages of Equity
Definition

Can take a long time to raise a large sum of money

Owners may not get paid dividend without profit

Dilutes ownership of business

Term
Different Types of Goals-
Definition

Financial

 

and 

 

Non-Financial

Term

Financial Goals of a Business

 

Definition

Maximise Growth

Profit

Increase Market Share

Improve Share Price

Term
Non-Financial Goals
Definition

Social

Environmental

Personal

Term

How do Businesses help society in a number of ways? 

 

(Social Goals)

Definition

 

 

1-Community Service

 

2-Provides employment

 

3-Social Justice (Ethical Employment)

Term
Environmental Goals
Definition
Sustainable development
Term
Personal
Definition
Be your own boss
Term
What is a business plan?
Definition

A written statement of the business goals and the steps to be taken to acheive them.

 

 

Term
What are benefits of the business plan?
Definition

Helps business stay focused

See possible problems

Identifies Businesses strengths, weaknesses oppurtunities and strengths

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