Feb 14 A level business

The business that lets another firm use its format (brand, products etc)

• franchisee

• franchisor

• social enterprise

This business can sell shares on the stock exchange (stock market)

• sole trader

• partnership

• PLC

• LTD

In the Boston Matrix, a cash cow has :

• low market share

• high market share

• high market growth

Paying shareholders higher dividends and having less retained profits =

• an opportunity cost

• a mistake

• a trade-in

• a trade-off

His motivation theory suggested hygiene factors and motivators

• Taylor

• Mayo

• Maslow

• Herzberg

An organisational structure based on project teams =

• Hierarchical

• Flat

• Matrix

• Bureaucratic

A financial incentive where a salesperson gets a % of the sale :

• piecework

• profit share

• bonus

• commission

Decision-making at local level

• decentralised

• centralised

Training on day one (initial training)

• incitement

• conduction

• induction

• invention

Flexible workforce :

• Full time, permanent

• Part time, temporary