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business

chapter 1.

QuestioAnswer
entrepreneur they spot the gap in the market and access capital before taking on both the personal and financial risk to start the business, oweners may have taken over the running of a business example: 19 year old Shane Curran raised over 3 million in funding to
investors provide financial support in exchange for ownership and potentail returns through future dividends from business profits. example: private investment funds like Act Venture capital or state bodies like Enterprise Ireland can provide finance to a busines
interest groups organisations that represent the common viewpoint, objectives and goals of a particular group of stakeholders. also known as pressure groups or lobby groups example: in 2024 SFA lobbied the Goverment to assist small businesses in meeting rising costs i
co-operative relationships when they both mutually benefit from their relationship, it is seen as a co operative relationship. it exists where both parties work toward a common goal. it is a win win situation. example: producers may try work together or share the cost of resourc
competitive relationship conflict can arise when the needs and wants of different stakeholder compete with each other, if one party benefits the other loses out. this is a win lose situation. this occurs when both parties work towards a mutually exclusive goal. example: both pr
arbitration an independent third party can listen to both sides of the dispute and then make a recommendation. normally the parties agree in advance to accept the recommendation . example: someone not involved in the dispute hears what both parties have to say and
conciliation a third party becomes involves and tries to open communtication between the parties involved in the conflict. this can help resolve conflict as both sides will feel they have a chance of having thier say example: someone not involves in the dispute en
entrepreneur they spot the gap in the market and access capital before taking on both the personal and financial risk to start the business, oweners may have taken over the running of a business example: 19 year old Shane Curran raised over 3 million in funding to
investors provide financial support in exchange for ownership and potentail returns through future dividends from business profits. example: private investment funds like Act Venture capital or state bodies like Enterprise Ireland can provide finance to a busines
interest groups organisations that represent the common viewpoint, objectives and goals of a particular group of stakeholders. also known as pressure groups or lobby groups example: in 2024 SFA lobbied the Goverment to assist small businesses in meeting rising costs i
co-operative relationships when they both mutually benefit from their relationship, it is seen as a co operative relationship. it exists where both parties work toward a common goal. it is a win win situation. example: producers may try work together or share the cost of resourc
competitive relationship conflict can arise when the needs and wants of different stakeholder compete with each other, if one party benefits the other loses out. this is a win lose situation. this occurs when both parties work towards a mutually exclusive goal. example: both pr
arbitration an independent third party can listen to both sides of the dispute and then make a recommendation. normally the parties agree in advance to accept the recommendation . example: someone not involved in the dispute hears what both parties have to say and
conciliation a third party becomes involves and tries to open communtication between the parties involved in the conflict. this can help resolve conflict as both sides will feel they have a chance of having thier say example: someone not involves in the dispute en
entrepreneur they spot the gap in the market and access capital before taking on both the personal and financial risk to start the business, oweners may have taken over the running of a business example: 19 year old Shane Curran raised over 3 million in funding to
investors provide financial support in exchange for ownership and potentail returns through future dividends from business profits. example: private investment funds like Act Venture capital or state bodies like Enterprise Ireland can provide finance to a busines
interest groups organisations that represent the common viewpoint, objectives and goals of a particular group of stakeholders. also known as pressure groups or lobby groups example: in 2024 SFA lobbied the Goverment to assist small businesses in meeting rising costs i
co-operative relationships when they both mutually benefit from their relationship, it is seen as a co operative relationship. it exists where both parties work toward a common goal. it is a win win situation. example: producers may try work together or share the cost of resourc
competitive relationship conflict can arise when the needs and wants of different stakeholder compete with each other, if one party benefits the other loses out. this is a win lose situation. this occurs when both parties work towards a mutually exclusive goal. example: both pr
arbitration an independent third party can listen to both sides of the dispute and then make a recommendation. normally the parties agree in advance to accept the recommendation . example: someone not involved in the dispute hears what both parties have to say and
conciliation a third party becomes involves and tries to open communtication between the parties involved in the conflict. this can help resolve conflict as both sides will feel they have a chance of having thier say example: someone not involves in the dispute en
entrepreneur they spot the gap in the market and access capital before taking on both the personal and financial risk to start the business, oweners may have taken over the running of a business example: 19 year old Shane Curran raised over 3 million in funding to
investors provide financial support in exchange for ownership and potentail returns through future dividends from business profits. example: private investment funds like Act Venture capital or state bodies like Enterprise Ireland can provide finance to a busines
interest groups organisations that represent the common viewpoint, objectives and goals of a particular group of stakeholders. also known as pressure groups or lobby groups example: in 2024 SFA lobbied the Goverment to assist small businesses in meeting rising costs i
co-operative relationships when they both mutually benefit from their relationship, it is seen as a co operative relationship. it exists where both parties work toward a common goal. it is a win win situation. example: producers may try work together or share the cost of resourc
competitive relationship conflict can arise when the needs and wants of different stakeholder compete with each other, if one party benefits the other loses out. this is a win lose situation. this occurs when both parties work towards a mutually exclusive goal. example: both pr
arbitration an independent third party can listen to both sides of the dispute and then make a recommendation. normally the parties agree in advance to accept the recommendation . example: someone not involved in the dispute hears what both parties have to say and
conciliation a third party becomes involves and tries to open communtication between the parties involved in the conflict. this can help resolve conflict as both sides will feel they have a chance of having thier say example: someone not involves in the dispute en
entrepreneur they spot the gap in the market and access capital before taking on both the personal and financial risk to start the business, oweners may have taken over the running of a business example: 19 year old Shane Curran raised over 3 million in funding to
investors provide financial support in exchange for ownership and potentail returns through future dividends from business profits. example: private investment funds like Act Venture capital or state bodies like Enterprise Ireland can provide finance to a busines
interest groups organisations that represent the common viewpoint, objectives and goals of a particular group of stakeholders. also known as pressure groups or lobby groups example: in 2024 SFA lobbied the Goverment to assist small businesses in meeting rising costs i
co-operative relationships when they both mutually benefit from their relationship, it is seen as a co operative relationship. it exists where both parties work toward a common goal. it is a win win situation. example: producers may try work together or share the cost of resourc
competitive relationship conflict can arise when the needs and wants of different stakeholder compete with each other, if one party benefits the other loses out. this is a win lose situation. this occurs when both parties work towards a mutually exclusive goal. example: both pr
arbitration an independent third party can listen to both sides of the dispute and then make a recommendation. normally the parties agree in advance to accept the recommendation . example: someone not involved in the dispute hears what both parties have to say and
conciliation a third party becomes involves and tries to open communtication between the parties involved in the conflict. this can help resolve conflict as both sides will feel they have a chance of having thier say example: someone not involves in the dispute en
entrepreneur they spot the gap in the market and access capital before taking on both the personal and financial risk to start the business, oweners may have taken over the running of a business example: 19 year old Shane Curran raised over 3 million in funding to
investors provide financial support in exchange for ownership and potentail returns through future dividends from business profits. example: private investment funds like Act Venture capital or state bodies like Enterprise Ireland can provide finance to a busines
interest groups organisations that represent the common viewpoint, objectives and goals of a particular group of stakeholders. also known as pressure groups or lobby groups example: in 2024 SFA lobbied the Goverment to assist small businesses in meeting rising costs i
co-operative relationships when they both mutually benefit from their relationship, it is seen as a co operative relationship. it exists where both parties work toward a common goal. it is a win win situation. example: producers may try work together or share the cost of resourc
competitive relationship conflict can arise when the needs and wants of different stakeholder compete with each other, if one party benefits the other loses out. this is a win lose situation. this occurs when both parties work towards a mutually exclusive goal. example: both pr
arbitration an independent third party can listen to both sides of the dispute and then make a recommendation. normally the parties agree in advance to accept the recommendation . example: someone not involved in the dispute hears what both parties have to say and
conciliation a third party becomes involves and tries to open communtication between the parties involved in the conflict. this can help resolve conflict as both sides will feel they have a chance of having thier say example: someone not involves in the dispute en
Created by: ADuignan22
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