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WWHS B.M

Business Management Study Cards

QuestionAnswer
Name and describe the four factors of production Land(the natural resources such as oil and water),labour(human resources including the people that work for the organisation) capital man-made resources such as machines and tools) and enterprise(the entrepreneurs ideas which use the other three factors
What is a franchise? A business arrangement in which one business pays for the right to run under the name of another and provide its goods and services
Typically how many partners are there in a partnership? No less then 2 but no more than 20
Created by: Mockingjay
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