Enterprise, business growth and size - section 3

which business document contains the business objectives and important details about the operations, finance and owners of a business

• bank account

• log book

• business plan

• requisition form

being indepedent, having the potential to earn a high income and being able to use ones own skills and follow interests are.....

• disadvantages of being an entrepreneur

• advantages of being an entrepreneur

• characteristics of successful entrepreneurs

• the definition of an entrepreneur

hard working, creative, optimistic, innovative are ......?

• characteristics of successful enterprises

• characteristics of successful entrepreneurs

• characteristics of unsuccessful enterprises

• characteristics of unsuccessful entrepreneurs

high risk, opportunity cost, lack of business experience are.....

• characteristics of unsuccessful entrepreneurs

• disadvantages of enterprise

• disadvantages of being an entrepreneur

• characteristics of enterprises

reduce unemployment, increase competition, benefit society and to allow businesses to grow further are all....

• reasons why businesses need a business plan

• reasons to set up sole traders

• reasons why the government should not support businesses

• reasons why the government support start ups

who would find it useful to compare the size of businesses?

• investors

• competitors

• banks

• all of the options given

business size can be measured in a number of ways:

• number of people employed

• value of output

• value of capital employed

• all of the options given

when a business expands its existing operations we call this....

• internal growth

• external growth

• takeover

• merger

when the owners of two businesses agree to join their businesses together to make one business, this is.....

• a takeover

• a merger

• internal growth

• acquisition

when one business buys out the owners of another business

• an acquisition

• a takeover

• both the previous options

• none of the previous options