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VCE BM Unit 1 AOS 2 Jac Chapter 3 Flashcards | StudBud
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VCE BM Unit 1 AOS 2 Jac Chapter 3
VCE BM Unit 1 AOS 2 Jac Chapter 3
20 terms
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#VCEBusinessManagement
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1
GST
Good and Services Terms
Goods and Services Trade
Goods and Services Tax
Great services tax
2
Economic, environmental and social performance of a business
Triple Batch Line
Triple Bottom Line
Triple Effect Line
Two Bottom Line
3
Price charged or paid for the use of money that has been borrowed or deposited
Mortgage Rate
Internet Rate
Interest Rate
Loan rate
4
This act makes it unlawful to discriminate against an employee on the basis of age, gender etc
Employment Opportunity Act 2010
Equal Opportunity Act 2010
Employment Opportunity Act 2001
Equal Opportunity Act 2001
5
The practice of moving some of a business's processes/services overseas.
Offshoring
Import labour
Onshore
Export labour
6
Groups of people who attempt to directly influence a business to adopt certain policies
Special interest groups
Lobbying groups
Special groups
Special people group
7
Refers to specific outside stakeholders with whom the business interacts in conducting business
Operations Management
Operating Environment
Operations
Operation Ouch!
8
Factors relating to changes in attitudes, behaviour, taste and lifestyle of communities
External Factors
Political Influences
Societal Attitudes
Macro Factors
9
The surrounding conditions in which the business operates.
External Environment
Business Environment
Operating Environment
Macro Environment
10
Also known as the micro environment
Business Environment
Operating Environment
External Environment
Internal Environment
11
Includes those factors over which the business has some degree of control
Operating Environment
Micro Environment
Internal Environment
External Environment
12
We are the A Team!!!!!
Perhaps
Time will tell
True
False
13
Range of suppliers from which the business purchases materials and resources.
Supply Change
Sourcing Change
Special groups
Supply Chain
14
Made up of broad conditions & trends in the economy & society within which a business operates.
The Government
Macro Environment
Globalisation
Micro Environment
15
Employees, Managers, Location, Legal structure are the main elements of which environment?
Inside the business
Operating Environment
Micro Environment
Internal Environment
16
The external environment is divided into two categories
Physical and Micro
Macro and Operating
Operating and Micro
Government and Society
17
Customers, Competitors, Suppliers and Special Interest groups are 4 main stakeholders in the...
Business Environment
Internal Environment
Operating Environment
Micro Environment
18
Phases of a business cycle
Positive, Expansion, Contraction and Trough
Peak, Expansion, Contraction and Termination
Peak, Expansion, Contraction and Trough
Peak, Exclusion, Contraction and Trough
19
The operating environment is also known as
Operations Management
Task Environment
Macro Environment
Stakeholders Environment
20
Laws and regulations made by parliaments and courts which affect how business operate
Macro laws
Policies
No control
Political and legal influences
