100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
IB BUSINESS MANAGEMENT unidad 1 R210,39   Add to cart

Interview

IB BUSINESS MANAGEMENT unidad 1

 20 views  0 purchase
  • Course
  • Institution
  • Book

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!

Preview 2 out of 5  pages

  • 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

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller carlotaalvarez. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R210,39. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64438 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R210,39
  • (0)
  Buy now