https://padlet.com/misterrolfe/hejeol1qb57eg0k3 END OF YEAR 10 REVISION en-us 2020-08-17 01:40:38 UTC 2023-03-03 17:20:50 UTC hello@padlet.com https://padlet.net/icons/png/1f468-1f3eb.png MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431275226 Sole trader have unlimited liability of debts as there's no legal distinction between private and business assets. Also, sole trader capacity to raise capital is limited. ]]> 2021-04-19 03:19:44 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431275226 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431280014 person assets are secured against failure - OWEN]]> 2021-04-19 03:22:02 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431280014 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431281803
Holaam- 
When the company is made up of multiple sectors that are closely related and depend on each other.

]]> 2021-04-19 03:22:52 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431281803 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431339034 Primary sector is the sector which produces raw goods. An example of a primary sector job is a farm. - OWEN

Extract raw resources directly from nature.
                                         --- Caspar]]> 2021-04-19 03:52:18 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431339034 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431340911 Kenji
Setting up a partnership can helps the company has more opinion and you can take less responsibility]]> 2021-04-19 03:53:30 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431340911 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431342575 Horizontal integration is the merging of a company with another company which is doing the same thing as itself. An example of this would be a bike company merging with another bike company

Hiroto
When two or more companies in the same area of production merge or takeover.]]> 2021-04-19 03:54:34 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431342575 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431343774 Volume of output may not be the best measurement when it comes to the 'success' of a business as a business may be operating in the tertiary sector, which produces an unfairly large amount of goods. - OWEN ]]> 2021-04-19 03:55:20 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431343774 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431346123 Tiger: 
Background Information
Marketing Plan
Operating Plan
Financial Statements

]]> 2021-04-19 03:56:54 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431346123 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431347020 A coffee shop may increase efficiency using external growth methods. For example, Vertical backward integration which will let the coffee shop to obtain its source. This will allow the shop to decrease the price needed to acquire raw materials, significantly increasing efficiency. - Hiroto]]> 2021-04-19 03:57:27 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431347020 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431349988 Tiger: The manager do not have the experience or ability to control big businesses.

Faster profits: If a business remains small, it would have lower start up costs and fewer expenses. ]]> 2021-04-19 03:59:23 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431349988 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431350972 A direct or indirect payment of money/financial aid given by the government to businesses or individuals ]]> 2021-04-19 04:00:05 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431350972 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431352221 an entrepreneur can increase their chances of receiving government grants by producing a service that is beneficial to the general public, eg, schooling and hospitals. - OWEN]]> 2021-04-19 04:00:57 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431352221 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431353777 Tiger: A franchise is a method of distributing products or services involving a franchisor]]> 2021-04-19 04:02:03 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431353777 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431354173 1. Doesn't need to build a new brand image 2. You don't need to create new PROCEDURES to train your employees - David]]> 2021-04-19 04:02:19 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431354173 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431355949 Hiroto
GOOD They must pay a licensing fee and royalty
BAD If the FRANCHISOR gains negative reputation the franchise as a whole may suffer  


]]> 2021-04-19 04:03:26 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431355949 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431357151 Teachers, principle, cleaning staff, students? - David]]> 2021-04-19 04:04:14 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431357151 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431358751 Kenji
INCREASE MARKETSHARE. This can helps the bicycle shop get stable income.

David
Create social media or website so that you can spread awareness. This helps the brand to be recognise and create new potential customer.]]> 2021-04-19 04:05:17 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431358751 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431361335 Timothy 
Advantage:
Can gather SPECIFIC INFORMATION, owner of the information (POTENTIAL TO SELL DATA)

Disadvantage: 
CAN BE high cost for example QUESTIONNAIRES, time consuming, has a chance of being inaccurate]]> 2021-04-19 04:07:03 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431361335 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431362116
The market orientated can help the company to get customer satisfaction as the goal, and improve the quality of service, to maximize profits.(Oscar)]]> 2021-04-19 04:07:35 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431362116 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431364969 Plc can be able to sell shares in stock market, while Ltd can't. So the shareholder of the Private limited company is the whole public(people who buys the shares), but the shareholder of the Ltd is only private individuals and people who the owner are familiar with, such as friends. (Willy)]]> 2021-04-19 04:09:22 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431364969 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431366284
Money makes people work harder. So MONEY
Taylor based his ideas on the assumption that all individuals are motivated by personal gain and therefore, if they are paid more, they will work more effectively.]]> 2021-04-19 04:10:14 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431366284 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431366823 Product, Price, Place, and Promotion]]> 2021-04-19 04:10:38 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431366823 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431367476 Perineum pricing 
Using high quality materials and low prises

Loss leader 
setting the prises high in the hopes of some customers to buy them


]]> 2021-04-19 04:11:04 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431367476 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431369388 c(Willy)]]> 2021-04-19 04:12:17 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431369388 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431369861
Holaam-
A pricing strategy where the company sets the initial price low in order to attract customers.]]> 2021-04-19 04:12:36 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431369861 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431370407 Hiroto
The percentage of the market a company/business has control over in a certain area of the market. 

The proportion of total market sales achieved by one business.
- wing sum

]]> 2021-04-19 04:12:58 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431370407 MisterRolfe https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431371588 Hiroto
Quality of product. If the product is made from better materials and spent more time and care on it will obviously increase the cost thus justifying HIGH PRICES.

David
New and innovative technology or product. If the technology is unheard of, the price of it can be set higher .]]> 2021-04-19 04:13:44 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431371588 hirotomaekawa17 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431395019 Price,  place, promotion, product. (Willy)]]> 2021-04-19 04:27:03 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431395019 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431399881 Method 1: Amount of labour working in this company. 
Method 2: Total output. 
Method 3: Market share
Method 4: Market Capitalisation 
Method 5: Return Of Capital Employe (Willy)

The percentage of the population employed in the company. The value of output made by the company.]]> 2021-04-19 04:29:40 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431399881 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431402738 Sole trader, partnership, corporation [LIMITED LIABILITY COMPANIES ]
                                         --- Caspar]]> 2021-04-19 04:31:15 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431402738 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431415010 Tiger: A public limited company is a voluntary association of members that are incorporated and, therefore has a separate legal existence and the liability of whose members is limited.]]> 2021-04-19 04:37:05 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431415010 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431418079 The aims or targets that a business works towards. It helps make the business more successful.
- wing sum]]> 2021-04-19 04:38:42 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431418079 hirotomaekawa17 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431421674 enterprise, land, labour, capital .
-MARKO]]> 2021-04-19 04:40:26 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431421674 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431439928 The volume in sales of a business as a percentage of the total market size.
market share % = (company sales/total market sale) multiply 100%
- wing sum]]> 2021-04-19 04:48:05 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431439928 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431448747 A franchise is a method of EXPANSION by SELLING THE RIGHTS TO distribute products or services USING THE BUSINESS OPERATIONS, BRANDING, PROCESS . For example, McDonalds operate in China through franchising. ]]> 2021-04-19 04:50:35 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431448747 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431451223 You get to be the only one allowing to to secure the job.
You will be very bored 

1) Workers are trained in one task and specialise in it.
2) Less time is wasted moving from one workbench to another.
- wing sum]]> 2021-04-19 04:51:17 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431451223 owen_hsu17 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431461281 Name of the company and the name of the series of product for helping this product stands out form the competition. (Willy)

The unique name of a product that distinguishes it from other brands. Used to distinguish the organisation and/or their goods and services from their competitors.
- wing sum

]]> 2021-04-19 04:53:38 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431461281 hirotomaekawa17 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431464089 the perception of a brand

An image or identity given to a product which it gives a personality of its own and distinguishes it from its competitors brands. The brand is more than just an assurance of guaranteed quality, it will have a whole image which surrounds it and will be reinforced by advertising. This image can be created to give the company and brand personality which helps communicate and build relationships and loyalty with target customers.
- wing sum

]]> 2021-04-19 04:54:34 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431464089 owen_hsu17 https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431464637 A company that belongs to multiple nations

A multinational company is a corporate organisation that owns or controls the production of goods or services in at least one country other than its home country.
- wing sum

]]> 2021-04-19 04:54:48 UTC https://padlet.com/misterrolfe/hejeol1qb57eg0k3/wish/1431464637