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Title: Business Studies Basics
Description: GCSE AQA Business Studies Unit 1 Notes; Ethics, Franchising, Business Failure, Aims and Objectives, Sustainability and Stakeholders.
Description: GCSE AQA Business Studies Unit 1 Notes; Ethics, Franchising, Business Failure, Aims and Objectives, Sustainability and Stakeholders.
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Business Studies Unit 1
Setting up a business - basics
Ethics:
- A business doing what is morally right , having values and principles
...
g
...
The Franchisors
aim is to spread the business with little risk to themselves
...
The Franchisees aim is to run an already well known
business which is less likely to fail
...
An Objective is one of the steps needed to achieve the aim
Objectives:
Smart Objectives
-
Specific
Measurable
Agreed
Realistic
Time Targeted
Sustainability
= A business that has no negative overall impact on the environment
...
They may be
interested in the benefits a business could bring to them e
...
g Pollution
...
Customers - wanting the business to continue and value for money
Title: Business Studies Basics
Description: GCSE AQA Business Studies Unit 1 Notes; Ethics, Franchising, Business Failure, Aims and Objectives, Sustainability and Stakeholders.
Description: GCSE AQA Business Studies Unit 1 Notes; Ethics, Franchising, Business Failure, Aims and Objectives, Sustainability and Stakeholders.