BTEC Nationals in Business: Unit 7 Business Decision Making
Study online at https://quizlet.com/_i5wfy0
1. a formal written document What is a bsuiness plan?
or statement about the in-
tentions and purpose of
the business
2. - Executive summary What does a business plan include
- Business description
- Market analysis
- Marketing strategies
- Financial plans
3. - Gap in the market What affects a developing business?
- Competitors
- Current trends
- Likely demand
4. - Age, death Reasons a business may need to change its ownership
- Change of business oper-
ation
- A corporate buyout
- Merger
- Business failure
5. Has a wide span, is hor- Flat Structure
izontally dispersed, and
has fewer hierarchical lev-
els
6. An organizational struc- Matrix Structure
ture that simultaneously
groups people and re-
sources by function and by
product.
, BTEC Nationals in Business: Unit 7 Business Decision Making
Study online at https://quizlet.com/_i5wfy0
7. Shows a hierarchy of re- Hierarchical Structure
sponsibilities and authori-
ty showing who is respon-
sible for what and who
has authority to make de-
cisions regarding business
operations
8. - Previous market re- Secondary research sources
search
- Trade journals
- Websites
- Books and newspapers
- Census data and public
records
9. Info should be kept secure Security of information
in accordance with the na-
ture and sensitivity of that
information. There is a le-
gal requirement to store
info securely and there are
rules dictating how info is
stored and for what period
of time
10. It is vital businesses are Legislative
up to date with the le-
gal requirements around
data storage. Data protec-
tion act 1998 is the main
Study online at https://quizlet.com/_i5wfy0
1. a formal written document What is a bsuiness plan?
or statement about the in-
tentions and purpose of
the business
2. - Executive summary What does a business plan include
- Business description
- Market analysis
- Marketing strategies
- Financial plans
3. - Gap in the market What affects a developing business?
- Competitors
- Current trends
- Likely demand
4. - Age, death Reasons a business may need to change its ownership
- Change of business oper-
ation
- A corporate buyout
- Merger
- Business failure
5. Has a wide span, is hor- Flat Structure
izontally dispersed, and
has fewer hierarchical lev-
els
6. An organizational struc- Matrix Structure
ture that simultaneously
groups people and re-
sources by function and by
product.
, BTEC Nationals in Business: Unit 7 Business Decision Making
Study online at https://quizlet.com/_i5wfy0
7. Shows a hierarchy of re- Hierarchical Structure
sponsibilities and authori-
ty showing who is respon-
sible for what and who
has authority to make de-
cisions regarding business
operations
8. - Previous market re- Secondary research sources
search
- Trade journals
- Websites
- Books and newspapers
- Census data and public
records
9. Info should be kept secure Security of information
in accordance with the na-
ture and sensitivity of that
information. There is a le-
gal requirement to store
info securely and there are
rules dictating how info is
stored and for what period
of time
10. It is vital businesses are Legislative
up to date with the le-
gal requirements around
data storage. Data protec-
tion act 1998 is the main
