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IB BUSINESS MANAGEMENT unidad 1 R211,13   Add to cart

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IB BUSINESS MANAGEMENT unidad 1

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All the material from the IB Business Management class, summarized and outlined. For upper-level students, and includes all mid-level content. With these notes I made, I got a 7!

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  • September 17, 2023
  • 5
  • 2023/2024
  • Interview
  • Unknown
  • Unknown
  • Secondary school
  • Bachillerato
  • 2
avatar-seller
> Functions of a business

reasons for starting up a
biz , F
-

HR




. ,
the organization
how & factors to consider →
manages personnel of

deals w/ workforce planning , training
appraisal ,
. . _




GET CASH 1) write business plan

growth elements -
Finance & accounts

organization 's money


Just
→ earnings -
details of business & owners

manages
mention produces
into about product deals w/ reporting & recording financial records
→ transfer & inheritance → ,
-




preview of the market
BM 's 4 topics :
challenge final
-
→ accounts
→ autonomy _
finance marketing
→ security -
personnel & the workforce operations .

Marketing
HR → .am#...a....,..e.nee...wan....a..n.mer
→ w.ie , man. .in . .me .im

2) Obtain startup capital

deals w/ market research , advertising branding
,



Factors to consider
-

operations
3) obtain business registration into finished goods
→ converts raw materials & components
-

business idea
4) open bank account → in service biz : it would be the process of 9mn 9 the service
sources of finance
-




5) marketing
human resource
>
Business
-







enterprise ( who will lead , sectors
organize , manage )
added
. ..




value
suppliers primary sector
.
-




TO
1.1 INTRO
"" creases
-

customers →
extract, harvest and convert natural resources
marketing




→ most prevalent in LEDCS
-

legal issues ( patents , legislations -7 .




BUSINESS & MANAGEMENT → has little added value

possible problems -



secondary sector

manufacture / construct
→ the products

lack of finance •

legalities →
occurs in countries
cash
-


production problems economically developed
flow problems
-




-

Role of business combine human - Physical & '



Tertiary sector
high Production costs
:

poor location -




create
.



resources to
population

[
financial provides services to
external influences
-
unestablished customer base
goods & services
.




→ dominant in MEDLS

inputs processes → outputs Quaternary sector
.



knowledge based activities
involves intellectual ,
Resources needed



< thatgenerate & share into
for production process ✓

most predominant in MED 's
V
sectoral change
Entrepreneurship vs .



↳ occurs when
developed
1) entrepreneurs Intrapreneurship country become more


reasons :

management organization ,
,
&
planning Entrepreneur Intrapreneur household more money , they can spend on
'
wants
'


higher income : as
people have
time / money to do recreational activities
2) Capital - Md who plans , organizes & manages -
act of being an entrepreneur
→ more leisure time : more

firms realize the importance
.




but as an employee within a

greater focus on customer service :
↳ all a bus mess
manufactured resources used in the specialists to help them
Production of the other
large org . → increase reliance on support services :
biz use subcontractors &

products lex .

equipment ) -
owners / operators ""
-


employees of the org .




3) land -

takes substantial risk
↳ natural
-
takes medium -
high risks
resources used rewarded w/ profit
the production
-


in •
rewarded WI pay
4) labour Visionary





-
innovative
responsibility for the workforce
-




Physical & mental
.
failure absorbed by org
effort of people
.




in me
accountable to the owner
production of





goods & services




?⃝

, > For Profit organizations
private us .

public sectors
controlled




)
owned &
- 1) Sole trader -
an
org .




↳ "" " "
izations financed by a single person
"
& controlled by the 90 " access to finance
owned & controlled limited
-




+ autonomy " " "" " "° " " " " "
" "" " " ""
" " " " " "" "
'



→ made "
°
" " + "" "
workload & stress
pnvaua.ananiaea.com.
-


→ made * : +
national org central
UMNLORPOrated
• -




Ind who take
gov appoints managers business owned by 2/-1 .




for profit org
2) partnership
◦ - . -




for the enterprise
their
profit goes & directors to run org .
business :
responsibility
to its owners & →
often funded through legal prolonged decision making
www..mn
no & Vick
-




not 90" tax revenue + set up costs : inexpensive
for profit org between partners
-



conflicts
• -

_




use surplus revenue
over -

local org -

often controlled business
owner &
1- financial strength
division of profits are shared
specialization
-

&
cost to finance their & funded by regional gov .
itself +

objectives Types of
1.2 labour
capital
business that can't raise share




separ tely
3) Private Limited Company
Organizations
-




from the general public They're
-
sold


Not for enterprises ✓ ( Ltd ) to private family members / friends
profit social .
- -




the main

business run w/o profit being
goal features more shareholders
= less control
& more

ab " " "
limited "
-




+ have
FOR PROFIT Social enterprises
them that conflict
NGO 's one type of
incorporated É
• _




sector isn't
of people
who
opera,, me private
1) Cooperatives org owned by group
,n
- .
personally required shared
"" ⁿ"" • "" " "
" " ( not the government) business : to pay
any outstanding
-
profits are

meetnieeds & aspirations 1- free from political influence by
90" biz has debts if biz goes bankrupt

operative nasams.ama.easi.anon-m.it . -



" +
role how the
member has equal
on
better decision making
legal entity

each as sometimes they +
managed
.
can connic.tw , gov .




is
highlight gov 's mismanagement limit on # of Owners
decision making conditions from their + no

incentive to work
- slow -


often have to work in difficult
+ more owners
limited sources of finance sell their
employees have decision making sector businesses that
-




for
provides voluntary support
+
Charities limited company private
power limited promotional opportunities
4) public
-
◦ _
-




good causes shares stock exchange
+ has public support ( pye)
on a


1- provide funds & support to people in need
to Poor & low as
providers financial services from society
POV communication issues
2) microfinance generate
-




cycle has a positive image
-



poverty selling shares can
+
help stop +
income customers , to
doesn't His large companies
areas that
large amount Of funds
+ covers gov .




limited finance wages ↳ loss of control
to attract best
low cost, accessible
loans difficult
-




+ low wages :
scale
access to economies of public
-




allow income limited eligibility 1- -
final accounts are
to people provide effective support
-




low funds to
liability for shareholders service to customer
-




small bus mess
-
immorality : benefiting + limited -
less personal
+ empower from the poor /unemployed
owners → job creation
_

charity fraud
incentives
1- social well being
-




sector
public sector works private w/
private partnerships
-




3) public service
support provision of public
-




to



+ provides private funding for _
conflict of cultures, especially
otherwise
projects that may not in management
happen _
private business may fail
projects & project & leave
private expertise during
+ means

services are run more efficiently -

private business will look to
project
public interest profit
the make on a
are run in
+
they that 's at the expense of
the
public

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