rules, laws or orders that businesses must follow

the activities needed to assist the core operations or prime function of a business

refers to the surrounding conditions in which the business operates. It can be divided into two broad categories: external and internal.

refers to the number of competitors in a particular market. There are four main types of market concentration.

the equipment, machinery, buildings and raw materials used by the business

one that sells a similar range of goods and services

refers to the ability of a business to develop strategies that will ensure it has an ‘edge’ over its competitors for a long period of time

where a small number of larger firms have a greater control over a market (e.g. car manufacturers)

refers to the number of competitors in a particular market. There are four main types of market concentration.

includes those factors over which the business has very little control

the removal of government regulation from industry, with the aim of increasing efficiency and improving competition

when economic growth meets the needs of the present population without endangering the ability of future generations to meet their needs

refers to the ability of a business to develop strategies that will ensure it has an ‘edge’ over its competitors for a long period of time

any group or individual who has an interest in, or is affected by, the activities of a business

complete concentration by one business in the industry (e.g. Australia Post)

when economic growth meets the needs of the present population without endangering the ability of future generations to meet their needs

the periods of growth (‘boom’) and recession (‘bust’) that occur as a result of fluctuations in the general level of economic activity

the process that sees people, goods, money and ideas moving around the world faster and more cheaply than before

the knowledge and data required by the business, such as market research, sales reports, economic forecasts, technical material and legal advice

refers to the number of competitors in a particular market.

one that sells a similar range of goods and services

the activities needed to assist the core operations or prime function of a business

includes those factors over which the business has very little control

any group or individual who has an interest in, or is affected by, the activities of a business

the removal of government regulation from industry, with the aim of increasing efficiency and improving competition

the funds the business uses to meet its obligations to various creditors

the employees of the business; generally its most important asset

where there is a large number of small firms that sell similar products. They are unable to differentiate products from each other and so can only use price as a way of achieving market share (e.g. fruit and vegetable growers).

the process that sees people, goods, money and ideas moving around the world faster and more cheaply than before

refers to the ability of a business to develop strategies that will ensure it has an ‘edge’ over its competitors for a long period of time

complete concentration by one business in the industry (e.g. Australia Post)

where there is a large number of buyers and sellers in a particular market (e.g. local retailing shops)

includes those factors over which the business has some degree of control

when economic growth meets the needs of the present population without endangering the ability of future generations to meet their needs

refers to the surrounding conditions in which the business operates. It can be divided into two broad categories: external and internal.

the employees of the business; generally its most important asset

where a small number of larger firms have a greater control over a market (e.g. car manufacturers)

the equipment, machinery, buildings and raw materials used by the business

the knowledge and data required by the business, such as market research, sales reports, economic forecasts, technical material and legal advice

rules, laws or orders that businesses must follow

any group or individual who has an interest in, or is affected by, the activities of a business

includes those factors over which the business has some degree of control

the values, ideas, expectations and beliefs shared by members of the organisation

refers to the ability of a business to develop strategies that will ensure it has an ‘edge’ over its competitors for a long period of time

when economic growth meets the needs of the present population without endangering the ability of future generations to meet their needs

where there is a large number of buyers and sellers in a particular market (e.g. local retailing shops)

refers to the number of competitors in a particular market.

refers to the surrounding conditions in which the business operates. It can be divided into two broad categories: external and internal.

where there is a large number of buyers and sellers in a particular market (e.g. local retailing shops)

refers to the ability of a business to develop strategies that will ensure it has an ‘edge’ over its competitors for a long period of time

where there is a large number of small firms that sell similar products. They are unable to differentiate products from each other and so can only use price as a way of achieving market share (e.g. fruit and vegetable growers).

one that sells a similar range of goods and services

the activities needed to assist the core operations or prime function of a business

complete concentration by one business in the industry (e.g. Australia Post)

where a small number of larger firms have a greater control over a market (e.g. car manufacturers)

the removal of government regulation from industry, with the aim of increasing efficiency and improving competition

refers to the number of competitors in a particular market.

the funds the business uses to meet its obligations to various creditors

where there is a large number of small firms that sell similar products. They are unable to differentiate products from each other and so can only use price as a way of achieving market share (e.g. fruit and vegetable growers).

refers to the ability of a business to develop strategies that will ensure it has an ‘edge’ over its competitors for a long period of time

one that sells a similar range of goods and services

any group or individual who has an interest in, or is affected by, the activities of a business

the values, ideas, expectations and beliefs shared by members of the organisation

the equipment, machinery, buildings and raw materials used by the business

complete concentration by one business in the industry (e.g. Australia Post)

rules, laws or orders that businesses must follow

the knowledge and data required by the business, such as market research, sales reports, economic forecasts, technical material and legal advice

the employees of the business; generally its most important asset

the funds the business uses to meet its obligations to various creditors

refers to the ability of a business to develop strategies that will ensure it has an ‘edge’ over its competitors for a long period of time

when economic growth meets the needs of the present population without endangering the ability of future generations to meet their needs

any group or individual who has an interest in, or is affected by, the activities of a business

the activities needed to assist the core operations or prime function of a business

the equipment, machinery, buildings and raw materials used by the business

the process that sees people, goods, money and ideas moving around the world faster and more cheaply than before

includes those factors over which the business has some degree of contro

the knowledge and data required by the business, such as market research, sales reports, economic forecasts, technical material and legal advice

the employees of the business; generally its most important asset

refers to the ability of a business to develop strategies that will ensure it has an ‘edge’ over its competitors for a long period of time

the removal of government regulation from industry, with the aim of increasing efficiency and improving competition

includes those factors over which the business has very little control

the equipment, machinery, buildings and raw materials used by the business

complete concentration by one business in the industry (e.g. Australia Post)

where a small number of larger firms have a greater control over a market (e.g. car manufacturers)