The c_______ skill is the ability to clearly and concisely send information to, and receive information from, a business’ stakeholders, such as the business’ customers and employees.
If a business needs to ‘r____ capital’, capital is a synonym of finance / funds.
The l______ skill is the ability to influence or motivate a business’ stakeholders – such as its employees – to work towards the achievement of business objectives.
P_______ motivation is a person's individual reasons (ie, personal reasons) for starting a business venture.
C______ p___ are processed resources (ie, human-made objects) that are consumed or converted by production.
The p____ skill is the ability to set business objectives and determine the strategies that will be used to achieve these objectives.
C______ r_______ are processed resources (ie, human-made objects) that contribute to a business’ production process, but are not consumed or converted by the process.
U_______ are basic services that are used in the production process, such as the supply of gas, water and electricity.
A resource has been c______ by a production process if the resource no longer exists as a result of this process.
L_____ refers to the mental effort, physical effort, knowledge and skills contributed by human beings to the production process.
Component parts are processed in the sense that they can’t be taken directly from the natural e___.
The meaning of ‘c___’ changes in different contexts. As a result, pay careful attention to its meaning in each context.
R__ m____s are unprocessed resources that are taken directly from the natural environment, such as unprocessed minerals or farm produce.