Unit 1 - Business Organisation Flashcards Preview

IB Business Management HL 2016+ > Unit 1 - Business Organisation > Flashcards

Flashcards in Unit 1 - Business Organisation Deck (94)
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91

product

refers to both goods and services: goods are physical products, services are intangible products

92

social enterprise

revenue-generating business with social objectives at the core of their operations and can be for-profit and non-profit, but all surpluses are reinvested for the social purpose

93

STEEPLE analysis

analytical framework used to analyse the opportunities and threats of the external environment (social, technological, economic, environmental, political, legal and ethical environments)

94

want

people’s desires