Business Studies

Activities undertaken that combine resources to create products that satisfy customer needs.

Who introduced the Classical-Scientific Approach to Business Management

A skill is an ability that...

Businesses do not impact our every day lives. True or False

When would under-capitalisation occur?

Production occurs when the business _____ resources to create products.

Money received by workers in white collar industries

Small to medium enterprises make up what % of all Australian businesses.

Innovation is created through research and development....

The main goal of a business is to produce & sell...

Business decline occurs when how many factors occur...

This is the money a business receives as payment for its products/services.

Management is...

Fill in the blank. A _________ is one that is ready for customers to buy and use.

When something is improved or redesigned it is considered to be an...

Managers expectations have a direct impact on their employee's productivity.

This is paid when shareholders receive a portion of a company's profit

What are the three main functions of management?

One way a business can predict if it is able to meet its financial commitments is by

Why is business important to the economy?

What is the main idea of Behavioural Managment?

Money received by workers who are not in white collar positons

This refers to the overall well being of an individual that is created by using g&s's

Management is the process of

What are three skills of management

Why are Scientific Management Approaches not always effective.

Gross Domestic Product represents this from all finished products made in Australia annually.

Which approach to management featured the use of the production line method of manufacturing?

The business's management approach will have an enormous impact on...

Who founded the behavioural approach to business management?

Production refers to the activities undertaken by the business that combines resources to

The possibility of loss is a _____entrepreneurs take in business.

What is planning in business?

Term to describe the opportunity for an individual to turn their passions into a livelihood.

Identify the one common feature shared by all businesses.