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11BM - U2 AOS2 KK2 key background (business environments)

Horizontales
_________ (two words) are processed resources (ie, human-made objects) that are consumed or converted by production.
_______ conditions are the set of influences that relate to economic activity, such as interest rates, unemployment rates, exchange rates and inflation.
_________ are rival businesses that sell similar goods and/or services in the same market.
Statute law is made by _________.
_____ are individuals or businesses that loan money to a business with the expectation that this money will be paid back in the future (generally, with interest).
Legal influences are the _____ that affect how businesses operate and behave.
A ___ is an amount of money paid by a business to an employee based on the number of hours the employee has worked in a specific time period.
__________ attitudes are the collective views and values of the general public.
From a business’ perspective, the __________ (two words) consists of individuals and groups that do not interact with the business directly, but are, nevertheless, affected by the business' activities.
_______ are individuals or businesses that purchase a business’ goods and/or services (ie, individuals or businesses that receive a business’ goods and/or services in return for a monetary payment).
A business’ ______ environment consists of the external stakeholders with whom a business interacts when conducting its business.
A ______ is an individual who is responsible for overseeing employees, and day-to-day tasks, in order to help achieve business objectives.
__________ (two words) are processed resources (ie, human-made objects) that contribute to a business’ production process, but are not consumed or converted by the process.
External stakeholders are stakeholders that are found in a business’ external environment (ie, ____ of the business).
Verticales
________ are individuals who, in exchange for a wage or salary, complete tasks they have been allocated by a business’ management.
_____ are organisations formed by employees in a particular industry, trade or occupation to represent the employees in efforts to improve their wages and conditions of work.
_________ is an umbrella term for all the individuals and groups that have one or more vested interests (ie, stakes) in a business’ activities and performance.
An ____ is an individual who partially or completely controls a business’ activities, due to them having partial or complete ownership of the business.
_________ are individuals or groups (such as businesses) that own a percentage of a company via shares.
Common law is made by _______.
Internal stakeholders are stakeholders that are found in a business’ internal environment (ie, ___ the business).
A ______ is a fixed amount of money paid by a business to an employee (ie, an amount that is paid, regardless of the number of hours the employee has worked in a specific time period).
In Australia, the two main ______ of law are statute law and common law.
__________ (two words) are unprocessed resources that are taken directly from the natural environment, such as unprocessed minerals or farm produce.
A business’ _____ environment consists of the broad conditions and trends in the economy and society within which a business operates.
A business’ _______ consists of the surrounding conditions in which the business operates.
Members of the general community can interact with businesses i________.
A business’ _____ environment consists of the factors over which the business has some degree of control (ie, the factors within the business).
______ are individuals or businesses that provide a business with the resources it needs to conduct its operations – such as raw materials and component parts – in return for a monetary payment.
A business’ ______ environment consists of the factors over which the business has minimal control (ie, the factors outside the business).