Unit 1 AOS 2 Internal business environment and planning

a professional who provides advice on all financial management issues and taxation obligations

• accountant
• franchisor
• debt
• balance of payments

individuals or businesses that invest in a new business. They are likely to expect a return on their capital, as well as taking a role in supporting the business owner.

• assets
• angel investors
• business
• business idea

when a bank allows a business or individual to overdraw their account up to an agreed limit for a specified time to help overcome a temporary cash shortfall

• goodwill
• business opportunity
• bank overdraft
• business mentors

starting a business using personal finance or the revenue from the business

• corporate social responsibility
• boycott
• economic growth
• bootstrapping

when a customer refuses to purchase goods or services from a business as a form of protest against the undesirable activities of the business

• boycotting
• goal
• imports
• economy

the business model that offers customers the choice of online shopping as well as shopping at the physical store

• feasibility study
• bricks and clicks
• innovation
• market conditions

the traditional business model that is based on a store with a physical presence, such as those located on shopping strips and in shopping centres

• incorporated
• industry
• bricks and mortar
• effectiveness

an organisation that exists separately to its owner in order to produce and sell goods and services

• Business Activity Statement (BAS)
• bricks and clicks
• efficiency
• business entity

the surrounding conditions in which the business operates. It can be divided into two broad categories: internal and external.

• business environment
• entrepreneurship
• exports
• entrepreneur

the way in which the business will run its operations to generate a profit

• zoning
• business model
• working capital
• incorporation