Business Management HL
Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management - QB
Unit 1 - Introduction To Business Management - QB
Unit 2 - Human Resource Management - QB
Unit 2 - Human Resource Management - QB
Unit 3 - Finance & accounts - QB
Unit 3 - Finance & accounts - QB
Unit 4 - Marketing - QB
Unit 4 - Marketing - QB
Unit 5 - Operations management - QB
Unit 5 - Operations management - QB
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 3 - Finance & accounts - QB
Business Management HL
Business Management HL

Unit 3 - Finance & accounts - QB

Unlock The Power Of Intangible Assets For Long-Term Success

Word Count Emoji
602 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onΒ 5th Nov 2024

Table of content

Intangible assets 🌌

The Invisible Powerhouses!

  • What are they? Assets you can't touch but can pack a punch in a business's success! πŸš€

Patents πŸ–‹οΈ

The Superhero Shield for Inventors

  • Protects the creator's right to exclusively manufacture, use, or sell their invention.
  • Legal life: Around 20 years (depends on its use).
  • You can't just steal someone's idea! Pay to play!πŸ’°
  • 🌎 Real-world Examples: A scanner in a pen, steel kidneys (sounds futuristic, right?), and rubber shoes for horses (who knew? 🐎).

Goodwill 🌟

The Business's Charm Quotient

  • Attributes that make a business sparkle! ✨ Includes things like great customer relations, a solid brand name, skilled employees, a prime location, and the trust the firm has with its clients.
  • Often pops up during company buyouts: Value = What you pay minus the actual worth of the bought firm.
  • 🌎 Real-world Example: Imagine buying a popular cafe because of its loyal customers and fabulous location - that's goodwill at play!

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IB Resources
Unit 3 - Finance & accounts - QB
Business Management HL
Business Management HL

Unit 3 - Finance & accounts - QB

Unlock The Power Of Intangible Assets For Long-Term Success

Word Count Emoji
602 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onΒ 5th Nov 2024

Table of content

Intangible assets 🌌

The Invisible Powerhouses!

  • What are they? Assets you can't touch but can pack a punch in a business's success! πŸš€

Patents πŸ–‹οΈ

The Superhero Shield for Inventors

  • Protects the creator's right to exclusively manufacture, use, or sell their invention.
  • Legal life: Around 20 years (depends on its use).
  • You can't just steal someone's idea! Pay to play!πŸ’°
  • 🌎 Real-world Examples: A scanner in a pen, steel kidneys (sounds futuristic, right?), and rubber shoes for horses (who knew? 🐎).

Goodwill 🌟

The Business's Charm Quotient

  • Attributes that make a business sparkle! ✨ Includes things like great customer relations, a solid brand name, skilled employees, a prime location, and the trust the firm has with its clients.
  • Often pops up during company buyouts: Value = What you pay minus the actual worth of the bought firm.
  • 🌎 Real-world Example: Imagine buying a popular cafe because of its loyal customers and fabulous location - that's goodwill at play!

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟

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