Vce Business Management Unit 1 Questions And Answers 100% Verified A+ Guaranteed

inputs {Ans: resources used in production}Direct-to-consumer business model {Ans: Businesses that sell their products directly to consumers from where it is manufactured.}Public-listed Company {Ans: a company whose shares are traded freely on a stock exchange. Unlimited number of shareholders}internal environment {Ans: the controllable elements inside a business: employees, managers, legal business structure, business model, location,}Direct to consumer business model examples {Ans: Farmgate producers selling milk, honey.}Online business model examples {Ans: The iconic, Kogan, Amazon, Adore Beauty}Partnership Disadvantages {Ans: Unlimited liablity Conflict in decisions Profits shared Difficulty finding a suitable partner}Franchise business model examples {Ans: Boost, Jetts, Total Tools, McDonalds}Examples of Australian private companies {Ans: Visy, Linfox, Cotton On}Examples of sole traders {Ans: Hairdressers, plumbers, coffee shops, florists}Processes {Ans: transforming inputs into outputs}Sole trader disadvantages {Ans: Limited funds - funded only by the sole trader Unlimited liability Difficulty raising finance to expand Burden of management End of business when owner dies difficult to take holidays}Advantages of buying an existing business {Ans: Proven track record (or evidence of success) Established practices and customers Immediate income stream available Previous owner(s) and current employees can assist}Compare {Ans: A similarity is...