Which of the following are leadership styles?

Which of the following are Management Styles?

Identify the Management Style being described. The person in charge has total control and authority. They have a dictatorial style and there is no reward or recognition of employees.

Identify the Management Style described. This style is very democratic. Authority is decentralised and both managers and employees make decisions together

Which of the 4 Business Functions are responsible for hiring new employees, training and motivating employees?

What does PEST stand for?

Identify what is being defined. An individual who is a leader and innovator of new ideas and business processes and who has the skill set and courage to take a risk and turn a concept into a reality.

Identify what is being defined. An individual inside a business who innovates and creates a new idea or concept for the business. They are able to use the resources of the business they work for to turn their concept into a reality.

What are the 4 types of innovation?

What are the 4 Innovation Theories?

Identify the Innovation Theory described. This innovation creates an entirely new market of its own. It harnesses a new technology and business model. An example is Amazon.

Identify the Innovation Theory described. This innovation occurs over time through a series of small improvements. It helps improve a product's market position. An example is the iPhone.

What does SCAMPER stand for>

What is Competitive Advantage?

Select the TWO types of Competitive Advantage from the list below.

Identify the THREE types of Differentiation Competitive Advantage from the list below.

Identify the type of Differentiation Competitive Advantage described. The appeal of the business idea is that it is perceived as being of higher quality or technically superior.

What are the 6 most common business goals?

 $Industry\ Sales\ \div Company\ Sales\ =$   $$  

 $Revenue\ -\ Expenses\ =$  

Producing products which are ethically and sustainably produced is an example of which common business goal?

Identify the Legal Ownership Structure described. The business has unlimited liability and the business is not a separate legal entity. There is only one owner who has complete control of decision making and receives all profit.

True or False. Private and Public Companies have unlimited liability.

Identify the stage of the Business Life-cycle being described. This is considered to be the riskiest stage. The business is established and the product/service is ready to go to the market to sell. Sales must be made to ensure cash flow, in order for the business to continue operating.