surrounding factors that influence how a business operates

what a business wants to achieve within a specific time frame

an experienced and knowledgeable business person who provides assistance and advice to another person

a favourable situation which can lead to advancement or success

the transitions in the desires of consumers

a business having qualities or strategies that provide it with an edge over its competitors

a free and automatic protection used on original ideas such as writing, art, sound, films and photographs

the lowest level of government in Australia

a one-off financial payment from the council to a business to support business ideas and development. This payment does not need to be repaid

where employees from a number of businesses operate within a shared, collaborative working space

statistical information about the characteristics of a population, such as age, ethnicity, gender and income

a unique website address

within a particular country

when the total value of goods and services produced by an economy increases over a period of time

an area or region that engages in the production, consumption and distribution of goods and services

an individual who takes on the risks associated with starting a business in the hope of making a profit

taking a risk to develop, start and manage a profitable business

producing and/providing goods and services in a way that avoids harming people or the environment

the costs of running a business

selling a product to a customer in another country

targets for improving the overall financial performance of a business

the ability to fund a desired lifestyle without relying on income from another individual

areas across the world in which businesses trade goods and services

increased trade, communication and travel movement between countries due to decreased trade barriers

physical items that satisfy an individual's wants or needs, such as clothing or a car

purchasing products from another country

the essential facilities and structures that are required for an economy to operate

a researched evaluation of the viability of a business concept

creating and implementing new ideas or significantly improving existing goods, services or a way of doing something

an original creation of the mind that can be legally owned

the exchange of goods and services between different countries

the interconnection of everyday objects over the internet, allowing them to send and receive data

an individual who has the responsibility of overseeing and handling employees and day-to-day tasks to achieve business goals

the factors that make up and influence a specific industry

a need or want that is not currently being met by any business

the process of investigating and analysing the activities and behaviours of customers and competitors in a specific industry

the proportion of sales a business makes in their industry

the level of wealth and comfort an individual has from their use of tangible goods and services

are non-physical factors that influence the quality of life experienced by individuals

behaviours which are commonly accepted by the society

the transfer of specific business activities to an external business

a licence that provides a business with exclusive rights to the use of innovative devices, methods and processes

being in control of your own decisions and actions

a good or service that satisfies needs or wants

the remaining amount of revenue left over after expenses have been deducted

the proportion of revenue left over from the sale of a good or service after a business has deducted its expenses

non numerical data

numerical data

activity directed towards discovering, creating and

introducing new products and processes

the amount of money a business makes from its normal business activities

actions that are performed for an individual, such as a doctors appointment

a business that aims to make a profit and improve the community or environment

the common beliefs, opinions and values upheld by peoples of a society, subgroup or culture

a space that individuals and businesses can go and use and can also obtain support regarding business matters

targets set by a business that aim to improve the welfare of the community, environment or the employees of a business

a business that is in the early stages of its establishment

a financial payment provided by the government to an individual or business, generally to promote a specific policy

a compulsory payment to the which is used to finance the provision of public goods and services, such as courts and police services

the invention and innovation of tools that solve problems and enhance processes

legal protection for a business over the rights of its name, symbols, colours, packaging or additional tools used to sell its products