Why Businesses Exist (AQA A-Level Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Profit definition
Profit definition
Making more money than is spent
Public services examples
Public services examples
NHS, police forces, fire services
Enterprise definition
Enterprise definition
Taking initiative to start a new business venture
Charity definition
Charity definition
Not-for-profit org providing help & support to others
Mission statement definition
Mission statement definition
Formal declaration of a business's core purpose & focus
Stakeholders definition
Stakeholders definition
People with interest in business (e.g. employees, customers)
Objective definition
Objective definition
Specific goal helping a business achieve its mission
PLC meaning
PLC meaning
Public limited company - shares traded on stock exchange
3 core business objectives (SGP)
3 core business objectives (SGP)
Survival, Growth, Profit
CSR meaning
CSR meaning
Corporate Social Responsibility - ethical & responsible acts
