3. Enerprise, Growth and Size Flashcards Preview

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Flashcards in 3. Enerprise, Growth and Size Deck (5)
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What are the characteristics of an entrepreneur?

Hard-working, risk-taking, creative, optimistic, self-confident, innovative, independent, effective communicator, etc.

1

What is in a business plan?

Products sold, cash flow, business costs, location, required resources, etc.

2

How can business be compared?

No. of employees, output, sales value, capital employed

3

What are the three types of takeover?

- Horizontal merger (same industry and same stage of production)
- Vertical merger (same industry, different stage of production)
- Conglomerate merger (different industry)

4

Why do businesses fail? (5)

- Poor management
- Failure to plan for change
- Bad financial management
- Over-expansion
- Risk in business startup