WorksheetsWOM revision
Total questions: 22
Worksheet time: 22mins
Four P's
Price, Product, Pollution, Place
Place, People, Price, Principle
Product, Promotion, Place, Price
Promotion, Place, Promotes, Product
A franchise is a...
Objectives of a for-profit organisation
to hire paid employees
to make money
to help others
to donate all money made
Objectives of a not-for-profit organisation
to run on volunteers
to make money
to achieve a social mission
to keep the money made for the owners
A for-profit organisation has
one owner
multiple owners
no owners
one or many owners
a not-for-profit organisation has
one owner
two owners
no owners
multiple owners
In a for-profit organisation, the profits are distributed to the (a) .
In a not-for-profit organisation, funds are used to ____ __ ___.
(a)
employees in a for profit are (a) .
employees in a not-for-profit organisation are paid and/or (a) .
Unincorporated business
private company
sole trader
public company
partnership
Incorporated business
private company
sole trader
public company
partnership
What is incorporation?
(key words: business, becomes)
An advantage of an incorporation is that the owners have (a) liability.
Unincorporated businesses have:
a lot of money
limited liability
shares on the asx
unlimited liability
SWOT stands for _____, ______, ______, ______.
(a)
A business owner gives a ___ to a supplier
tax invoice
consent form
purchase order
happy meal
A business owner gives a (a) to a client/customer
public companies MUST:
have ltd. in their name
publish a financial report each year
give money to people
have at least 5 shareholders
be a small business
private companies have:
between 2-50 shareholders
their shares on the asx
no shares on the asx
no shareholders
purchase REQUISITIONS are...
used by departments within organisations to order supplies
used by clients to order a product/service
used by suppliers to order supplies
used by businesses to find clients
businesses use purchase order forms to...
find potential clients
order purchase requisitions
order the goods they need from their chosen supplier
order a service they need from a client
