Internal Business Environment

3. the business model that offers customers the choice of online shopping as well as shopping at the physical store
4. the traditional business model that is based on a store with a physical presence, such as those located on shopping strips and in shopping centres.
5. the people that provide their skills, effort and knowledge to the business
10. businesses that sell products which are aimed at the same customers, eg: an electrical store and a furniture store will both be selling to householders.
12. Factors over which the business has some degree of control; it is sometimes called the micro environment.
13. a means by which local councils allocate land for different uses, such as residential, commercial, recreational and industrial.
16. a business that has a separate legal existence apart from its owner(s).
18. the people and objects that are needed for the business to function properly
19. the monetary value attached to the reputation of a business
22. an incorporated business with a minimum of 1 shareholder and a maximum of 50 non-employee shareholders
23. the owners of a company who are entitled to a share of its profits
24. when the business owner is personally responsible for all the debts of their business.
25. an incorporated business with a minimum of one shareholder (and no maximum), and whose shares are openly traded on the Australian Securities Exchange

1. involves businesses generating sales revenue by trading goods internationally.
2. The surrounding conditions in which the business operates. It can be divided into two broad categories: internal and external.
6. a business owned and operated by one person.
7. when the shareholders of a company cannot be held personally responsible for the debts of the business
8. items the business uses that come from the natural environment. Examples include land, water and raw materials.
9. The specific outside stakeholders with whom the business interacts in conducting its business; it is sometimes called the task environment. eg: suppliers, customers.
11. Factors over which the business has little control. It may be further divided into two categories: operating and macro.
14. businesses that sell their products directly to consumers without any intermediaries, such as retailers or wholesalers.
15. the broad conditions and trends in the economy and society within which a business operates. eg: Global issies, economic conditions.
17. the way in which the business will run its operations to generate a profit.
20. when a business sells to others the rights to distribute its goods and use the business name.
21. the tools and machinery that are used to produce goods or perform services