Helping the environment

Adding value to a product as it goes through the production process

Reducing the risk of unemployment

Investing money into growing the business

Primary, Secondary, Tertiary

Private, Voluntary, Secondary

Public, Secondary, Third

Private, Public, Third

Sole Traders

Private Limited Companies

Government Organisations

Multinationals

National Government Organisations

Local Government Organisations

Social Enterprises

Agencies

Franchises

Social Enterprises

Charities

Clubs

A person who invests large amounts of capital into growing a business

A person who sells a business to someone else

A person who pays a percentage of profit each year to own a business under someone else's name

A person who starts a business and provides a good/service supplied by another business

An organisation that is funded by Government grants

An organisation that operates in more than one country

An organisation that has more than one store in one country

An organisation that expands within the same country

Legal restrictions can be avoided in other countries compared to the home country

The culture might vary from one country to another and the organisation will need to consider this

Language barriers may make trading more difficult and expensive

Expanding abroad means the organisation will become bigger, increasing sales

Public Sector organisations aim to make as much profit as possible

Public Sector organisations are owned by the Government on behalf of the taxpayer

Public Sector organisations are funded by taxes that individuals and businesses have to pay

Public Sector organisations aim to achieve as much sales as possible

Caring Socially Responsibly

Company Social Responsibility

Corporate Social Responsibility

Company Set Rules

Recycling as much as possible

Expanding into new markets

Trying to reduce its carbon footprint as much as possible

Giving employees longer working hours

Aiming to increase market share

Aiming to be better than competitors

Aiming to increase turnover

Aiming for a satisfactory position - 'it is good enough'

Increase the number of customers which will increase profits and market share

To take advantage of economies of scale, thereby reducing costs

To decrease the return on investment for owners

Merger

Investment

Diversification

Forward Vertical Integration

Taking over a supplier

Taking over a customer

Taking over a supplier

Taking over a customer

When a business splits into 2 or more separate businesses

When 1 business introduces different goods and services different to their original business idea

When 2 businesses that provide different goods and services join together

When a business sells off some of its assets to raise finance

When a large business takes ownership and control of a smaller one

When 2 businesses approximately the same size join together

When a business sells off some of its assets or smaller parts of the business to raise finance

2 businesses who trade in the same market join together

2 businesses of approximately the same size join together

2 businesses providing the same service join together