Term
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Definition
Equity is finance from owners
Debt is from Banks
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Term
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Definition
No interest
Only pay dividend if business makes profit
Money belongs to company forever |
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Term
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Definition
Can take a long time to raise a large sum of money
Owners may not get paid dividend without profit
Dilutes ownership of business |
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Term
| Different Types of Goals- |
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Definition
Financial
and
Non-Financial |
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Term
Financial Goals of a Business
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Definition
Maximise Growth
Profit
Increase Market Share
Improve Share Price |
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Term
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Definition
Social
Environmental
Personal |
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Term
How do Businesses help society in a number of ways?
(Social Goals) |
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Definition
1-Community Service
2-Provides employment
3-Social Justice (Ethical Employment) |
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Term
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Definition
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Term
|
Definition
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Term
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Definition
A written statement of the business goals and the steps to be taken to acheive them.
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Term
| What are benefits of the business plan? |
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Definition
Helps business stay focused
See possible problems
Identifies Businesses strengths, weaknesses oppurtunities and strengths |
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