Enterprise 0.0 / 5 ? Business StudiesBusiness PlansASCIE Created by: samadhiCreated on: 10-04-13 13:25 Nature of the business activity- Purpose of busine Purpose of business activity: 1 of 11 Nature of the business activity - concept of addin Added value: 2 of 11 The nature of economic activity - Problem of choi The economic problem 3 of 11 The nature of economic activity - Problem of oppo Opportunity cost 4 of 11 Business environment is Dynamic Business environment is Dynamic 5 of 11 What business needs to succeed Factors of production: • Land, labour, capital and enterprise Finance Planning Contacts Customers Suppliers Refer mind map 6 of 11 Why many business fail early on Why business fail early on: Lack of planning Lack of funds Lack of expertis 7 of 11 Why many business fail early on Lack of keeping records 8 of 11 Why many business fail early on LACK OF WORKING CAPITAL 9 of 11 Why many business fail early on POOR MANAGMENT SKILL 10 of 11 Why many business fail early on CHANGES IN THE BUSINESS ENVIRONMENT 11 of 11
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