IB DP Business Management

Front

What factor of production involves the management and planning of the other three factors?

Back

Enterprise

Front

What factor of production involves the natural resources obtained from the Primary Sector?

Back

Land

Front

What stage of production involves the manufacturing of the product, typically in a factory setting?

Back

Secondary

Front

What stage of production focuses on intellectual services, such as engineering?

Back

Quarternary

Front

What is the goal of a business plan?

Back

To obtain funding

Front

...…………….. industries provide support services to primary & secondary industries.

Back

Tertiary

Front

What is an entrepreneur?

Back

It is a person who starts their own business and makes sure that land, labour and capital are working well.

Front

Definition of GLOBALISATION

Back

Increase of trade around the world among different countries

Front

Mary prepared a short newspaper advert for a business. This is an example of which function?

Back

Marketing Function

Front

Which business function involves managing the business budget and paying business's taxes?

Back

Finance function