Jakub My tickle bear

Question 1

Needs

Question 2

Wants

Question 3

Goods

Question 4

Service

Question 5

Consumption

Question 6

The Cycle of Buisness

Question 7

Factors of production - Land

Question 8

Factors of production - labour

Question 9

Factors of Production - Capital

Question 10

Factors of Production - Enterprise

Question 11

Chain of Production

Question 12

Sectors of Industry - Primary

Question 13

Sectors of Industry - Secondary

Question 14

Sectors of Industry - Tertiary

Question 15

Sectors of the Economy – Private/Public/Third

Question 16

Sectors of the Economy - The Private Sector – Sole Traders
Key features – owned/controlled/financed
Advantages
Disadvantages

Question 17

Sectors of the Economy - Private Sector – Partnerships
Key features - owned/controlled/financed
Advantages
Disadvantages

Question 18

Sectors of the Economy - The Private Sector – Private Limited Companies
Key features - owned/controlled/financed
Advantages
Disadvantages

Question 19

Aims/Objectives of the Private Sector

Answer 19

Profit maximisation
Achieving quality
Survival
Customer satisfaction
Increase market share
Social responsibility
Innovation

Question 20

Sectors of the Economy - The Public Sector
Key features - owned/controlled/financed

Question 21

Sectors of the Economy – The Public Sector

Answer 21

UK Government
Scottish Parliament
Local Government
Public Corporations

Question 22

Sectors of the Economy – The Public Sector - Aims/Objectives of the Public Sector

Question 23

Sectors of the Economy – The Third Sector
Charity - owned, controlled, financed
Charity - advantages and disadvantages

Question 24

Sectors of the Economy – The Third Sector
Clubs and association – owned, controlled, financed

Question 25

Sectors of the Economy – The Third Sector Social Enterprises - key features Social Enterprises - advantages and disadvantages

Question 25

Sectors of the Economy – The Third Sector Aims and objectives

Question 26

Customer Satisfaction/Customer Service/Customer Care How do organisations ensure good customer satisfaction? How do organisations know if customers are satisfied? What are the benefits of satisfying customers?

Question 26

Internal Factors Description Availability of Finance Human Resources (Employees and Management) Current Technology

Question 26

External Factors – PESTEC Description

Question 27

External Factors – Political Description Legislation Taxes Policies Explain examples

Question 28

External Factors – Economic Description Unemployment Recession Inflation Interest Rates Exchange Rates Explain examples

Question 29

External Factors – Social Description Examples of Social changes Explain examples

Question 30

External Factors – Technological Description Examples of technological developments Explain examples

Question 31

External Factors – Environmental Description Pressure from Government/Society Adverse weather Explain examples

Question 32

Third Sector Stakeholders – Interest and Influence Employees Volunteers Donors Board of Trustees Recipients of help

Question 33

External Factors – Competitive Description Actions of competitors Explain examples

Question 34

Stakeholders Description Internal/External Stakeholder interest Stakeholder influence

Question 35

Public Sector Stakeholders – Interest and Influence Employees Taxpayers Suppliers Pressure groups

Question 36

Private sector Stakeholders – Interest and Influence Owners/shareholders Employees Customers Suppliers Banks Local government National government Local community Pressure groups