Business Management Unit 1

4. An environment that includes factors Social, legal, technological, global, and economic conditions that a business operates in and has no control over.
6. An experienced individual who provides guidance and advice to a less experienced person in a business context.
8. An environment where factors that a business has control over.
10. The place where a business is situated, which can affect its accessibility to customers and suppliers.
13. _________ resources - Goods produced and used to make other goods and services.
15. A company whose shares are traded freely on a stock exchange.
16. A business owned and operated by one person.
18. A business that sends goods or services to another country for sale.
19. A business structure where two or more individuals share ownership and the responsibilities of running the business.

1. A tool used to identify a business's internal strengths and weaknesses, as well as external opportunities and threats .
2. _________ resources - The physical and mental efforts of people used in the creation of goods and services.
3. _________ resources - Raw materials supplied by nature that are used to produce goods and services.
5. A type of business that allows individuals to operate using the branding and business model of an established company.
7. A business model that aims to improve social objectives and serve the common good.
9. Money required to start, operate, or expand a business.
11. A business that brings goods or services into a country from abroad for sale.
12. A business owned and operated by the government.
14. An environment where the surrounding factors can impact a business, and which it has minimal control over.
17. _________ factors - Primary external factors impacting a business that it has some control over, such as customers, suppliers, and competitors.
19. A type of privately held small business entity, in which owner liability is limited to their shares.

Business Management Unit 1 - AOS 2