Business

• Span of control

  anwser- the number of people one person is Incharge of
• Delegation

  assigning responsibility and authority to complete a task in your behalf
• Delayering

  A stratagie that removes one or more levels of hierchy from the organisational structure
• Centralisation 


  Decisions that are made by a small group of people at the top of the company
• Tall structure

  Long chain of command with more layers on managment, communication takes longer
• Flat structure


  Short chain of command, wide span of control, communication is harder
• Hierarchy

  The number of layers in a buisness
• Sold trader 


  Just one owner, may employ ppl to work for them
• Partnership

  Two or more sole traders, 2-20 partners and each have an equal say in decisions and equal shares Of profit
• Buisness plan 


  Is an outline of what a business will do and how it aims to do it
• pestle

  p- political

  e- economical

  s- social

  t- technological

  l- legal

  e- environmental
• Spiced

  s- strong

  p- pound

  I- import

  c- cheap

  e- export

  d- dear