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WorksheetsFeb 14 A level business
Total questions: 15
Worksheet time: 5mins
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
The route that orders are passed down a hierarchy
Chain of reasoning
Chain of thought
Chain of command
Chain of commando
Pay and working conditions agreed by the trade union :
individual bargaining
collective bargaining
Non-financial motivation :
commission
piecework pay
empowerment
performance-related pay
This type of business has unlimited liability :
partnership
LTD
PLC
a company
A company has limited liability because :
It has a separate legal identity
It is a big business
personal possessions are at risk
Its accounts are checked
