palmcards acronyms

Question 1

personal qualities

Answer 1

Gender
Entrepernurship
Motivation
Skills
Qualifications
Cultural background

Question 2

Sources of information

Answer 2

• when SMEs receive support from both private and government agencies

PRIVATE:
Mangagement consultants
Accountants
Bank managers
Solicitors

GOVERNMENT
Local
State
Federal

Question 3

Role of a business

Answer 3

Employment
Profit
Innovation
Income
Choice
Qualifications
Wealth creation

Question 4

Finance

Answer 4

EQUITY
- loans from friends/family
- shareholders
- self funding
- private investors

DEBT FINANCE:

SHORT TERM:
Factoring
Overdraft
Comercial bill

LONG TERM DEBTS
Morgage
Unsecured notes
Debnatures

Question 5

External influences

Answer 5

Social
Legal
Institutional
Political

Geographical
Economical
Technoloigcal

Competitive situation (monopoly, oligopoly, monopolistic)
Market (consumer, labor, financial)
Finance - money that is regulated around the eoconomy

Question 6

stakeholders

Answer 6

Society/general public - external
Shareholders - internal
Environment - external
Employees - internal
Managers - internal
Consumers - external

Question 7

internal influences

Answer 7

Product
Location = visibility, convienece
Management
Business culture
Resources