Term
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Definition
| Organizations owned by one person |
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Term
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Definition
| Organizations with more than one owner |
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Term
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Definition
Business is seperate legal entity from owners
Has shareholders and board of directors |
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Term
| Private Limited Companies |
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Definition
| Shares not traded/advertised in the stock market |
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Term
| Public Limited Companies (PLC) |
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Definition
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Term
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Definition
"Buying a company"
ex: McDonald's has franchises; locations that are part of them but owned by different people. |
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Term
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Definition
Not-for-profit organization
For charitable purposes only |
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Term
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Definition
| Organization is owned by shareholders/other individuals |
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Term
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Definition
| Organization owned or funded by government |
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Term
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Definition
Growth within company
Ex: going into new countries, hiring more people |
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Term
External Growth
Hint: what are some examples of external growth... |
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Definition
| Mergers, demergers, acquisitions, and take overs |
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Term
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Definition
| Buy/take over other countries |
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Term
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Definition
| Two or more countries voluntarily agree to "merge" or form one new, big company |
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Term
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Definition
| Selling off parts of the company |
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Term
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Definition
A big company that contains unrelated markets
Ex: shoes and candy |
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Term
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Definition
Company that is brought and controlled by another country
(company that owns it is called the "parent company") |
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Term
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Definition
| When businesses form a temporary partnership to, for example, complete a project |
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Term
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Definition
| Conduct business in two or more countries |
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Term
Economies of scale
AND
diseconomies of scale |
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Definition
Large businesses can often purchase items for less money
Ex: Buying in bulk from Cost Co
Diseconomies of scale: the opposite of an economy of scale; poor financial sitution |
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Term
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Definition
Is it..
Specific
Manageable
Agreed on
Realistic
Time-specific |
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Term
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Definition
| Showcases businesses core aims |
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Term
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Definition
| Goal that the organization wants to achieve |
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Term
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Definition
| Short-term objectives/strategies to obtain strategic objectives |
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Term
SWOT analysis
What does it stand for? |
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Definition
Strengths
Weaknesses
Opportunities
Threats |
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Term
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Definition
Anyone who has a "stake" in the company; anyone who would be affected by decisions
Ex: suppliers, shareholders, employees, special interest groups, creditors, competitors |
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