Enterprise Nature and Business Types

Businesses that operate in multiple countries and have production facilities or offices in those countries.

Financial assistance or support provided by a government to businesses.

Restrictions on the import of goods from other countries, often involving taxes or quotas.

Having operations in different countries to spread the risk of disruptions, such as natural disasters.

The ability of a business to understand and respond to the needs of its customers in specific geographical areas.

The process of starting a new business.

The rate at which businesses fail within a specific period.

The number of businesses that start up in a given period.

The forces of supply and demand that influence the price and availability of goods and services in a market.

Measurable targets set by a business, like sales or profits, that need to be achieved within a specific time.

A name, design, logo, symbol, or any unique identifier that distinguishes a product or service from its competitors in the minds of consumers.

The resources a business uses to produce goods or services. These include land, labor, capital, and enterprise.

IKEA's strategy to offer affordable and functional furniture that consumers assemble themselves.

The process of turning inputs (resources) into outputs (products or services).

The process by which a company transforms raw materials or inputs into finished products or services that are more valuable than the sum of their parts.

The location of a business. It's critical for businesses with physical locations, like shops or restaurants.

The people who work for a business.

The increased worth or benefit that a product or service gains throughout its transformation process.

The money, equipment, and technology used in a business.

The role of consumers in influencing the products and services offered by businesses.

The idea or vision behind a business, coming from the entrepreneur who takes risks and manages the business.

The collaboration among IKEA's customers, partners, and employees to create value for consumers.

Choosing the right resources to use for production and deciding who will supply them. Impacts costs and the quality of the final product.

The principle of providing good-quality goods and services at a low cost.

Factors outside the control of a business that can influence its operations, such as changes in customer demand, input costs, or government regulations.

The amount of a product that customers are willing to buy at a certain price.

The resources a business needs to produce goods or services, such as raw materials, labor, and energy.

The cost of workforce, including wages and salaries.

Agreements between countries that make trading easier.

Rules or laws made by governments that affect businesses.

Businesses need to be aware of changes in the external environment because these changes can significantly impact their operations and success.

The process of finding information and verifying its origin, ensuring that it's accurate and reliable. This helps to avoid spreading false or misleading information.

A legal protection that allows creators of original works to control how their work is used and shared. This helps to prevent others from copying or distributing the work without permission.

An official document used to protect inventors' ideas and inventions. This grants them the right to exclude others from making, using, or selling the invention for a specific period.

A website where you can search for information on a specific topic. They provide links to various sources, like articles and research papers, allowing you to gather information from different perspectives.

A document containing information about a company's financial performance, including its income, expenses, and overall profitability. This helps investors understand the company's health and make informed decisions.

The process of tracing back the ownership and origin of any information or content. This helps to verify its authenticity and credibility.

Ensuring that all the websites mentioned in a book are still valid and accessible. This helps to ensure that readers can easily find the information referenced in the book.

A commitment to use paper products made from sustainable sources, such as forests managed for responsible harvesting and recycling. This promotes environmental responsibility and minimizes the impact on natural resources.

The reason a business exists, its goals and objectives. For example, to make a profit, provide a service, or solve a problem.

The environment in which businesses operate - all the factors that affect their decisions and outcomes. Factors include: Economic conditions, technology, government policies, social trends, competition.

A person who starts a new business, taking risks to create an organization that provides goods or services. They are motivated by profit, opportunity, and a sense of purpose.

Someone who takes initiative to develop new ideas and products within an existing organization. They contribute innovation while working for others.

The possibility of loss or failure when starting or operating a business. It comes from uncertainty about the future and the unpredictable nature of the market.

A detailed document that outlines a business's goals and strategies for achieving them. It includes sections for market analysis, financial projections, and operational plans.