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.


What is in a business plan?

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


How can business be compared?

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


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)


Why do businesses fail? (5)

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