Business Management I

Is the case where the average unit cost of production decrease as the level of output increase

Is the development that involves the participation of another organisation

Long-term organisation ambitions that it hopes to realize in the future

A factor of the external environment that contains terms like big data, infrastructure, and IT

An external factor that considers unfair labour practices, pricing policies and corruption

Are the favorable factor or trend that might be beneficial for the business

Are factors relate to the way people live and what they believe and value

This strategy involves selling more of the same products to pretty much the same customers.

IS the creation of a new company by two or more parent companies to carry out an objective

Are concrete targets an organisation sets for itself

Is the increasing interconnectedness of countries across the world.

Is one way(method) to set useful objectives

Is when the average unit cost of production actually increase as the level of output increases

Are taxes that are placed on goods imported into a country

Two or more organisations work together to realise a set of common objectives

An external factor that includes terms like: Inflation, Recession and GDP

Are the individuals who run the organisation, set aims and objectives and make sure to met them

Is a written expression of an organisation's purpose and reason for being

An external factor that considered climate change, available of fresh water and pollution

Is a form of growth that implies that one firm purchase another form

Are encouraged to take risks to develop new products while retaining their status as employees

This strategy involves selling existing products to new customers.

Are the individuals and businesses that sell goods and services to another organisation.

Refers to manufacturing and processing raw materials into products or sales.

Is the expansion that is carried out by the organisation itself

Individuals who work for the company but who are not responsible for managing other employees

Refers to corporations' obligations to society at large as well as the environment

The business function that may evaluate the potential profitability of investment projects.

In this business function is planned how products are to be produced and make sure the quality

Organisations that are owned and operated by either central government or local governments

Are individuals who run their businesses alone

Is a plan, approach, or scheme for achieving an aim or objective

They lend organistions funds so they can invest and carry out their operations

The main functions in a Business

Are regulatory obstacles that limit trade between countries