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Business Studies (Final) > 4.2a - Unit Costs > Flashcards

4.2a - Unit Costs Flashcards

1

Q

What is ‘unit cost’ also known as?

A

Average cost

- Average total cost

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Business Studies (Final) (143 decks)

1.1a - Business Objectives

1.1c - Revenue and Profit

1.2a - Sole Traders

1.2b - Limited Companies

1.2c - Shareholding

1.2d - Public and Private Sector

1.2e - Non-Profit Organisations

2.1a - Managers and Leaders

2.1b - Leadership Models

2.2a - Decision Making

2.2c - Opportunity Cost

2.2d - Decision Trees

2.3a - Stakeholder Perspectives

2.3b - Communication

3.1a - Marketing Objectives

3.2a - Primary Market Research

3.2b - Secondary Market Research

3.2c - Analysing Market Data

3.2d - Sampling

3.2e - Extrapolation

3.2f - Correlation

3.2g - Price Elasticity of Demand

3.2h - Price Elasticity of Demand (2)

3.2i - Income Elasticity of Demand

3.2j - Using Technology to Collect Marketing Data

3.2k - Collecting Data to Make Marketing Decisions

3.3a - Market Mapping

3.3b - STP: Market Segmentation

3.3c - STP: Market Segmentation (2)

3.3d - STP: Targeting and Positioning

3.4a - The Marketing Mix

3.4b - New Product Development

3.4c - Product (Boston Matrix)

3.4d - Product Life Cycle

3.4e - Pricing Decisions

3.4f - Promotional Mix

3.4h - The Extended Marketing Mix

3.4i - Influences on an Integrated Marketing Mix

4.1a - Understanding Operational Objectives

4.2a - Unit Costs

4.2b - Capacity

4.3a - Labour vs Capital

4.3b - Labour Productivity

4.3c - Technology

4.4a / 4.4b - Quality / Managing Quality

4.4c - Suppliers

4.4d - Improving Flexibility

4.4e - Inventory Control

5.1a - Financial Objectives

5.2a - Contribution

5.2b - Break Even

5.2d - Cash Flow

5.2e - Working Capital

5.2f - Setting Budgets

5.2g - Variance Analysis

5.3a - Sources of Finance

5.4a - Improving Cash Flow

5.4b - Analysing Profitability

5.4c - Methods of Improving Profit

5.5a - Making Financial Decisions

5.5b - Internal/External Influences on Financial Objectives

6.1a - Understanding HR Objectives

6.2a - Analysing HR Performance

6.3a - Organisational Design

6.4a - Motivational Theories

6.4b - Financial vs Non-Financial Rewards

6.4c - Job Design

6.5a - Employer/Employee Relations

7.1a - Mission Statements

7.1c - Strategy

7.2a - Balance Sheets

7.2b - Income Statements

7.2c - Assessing Financial Performance

7.2d - Ratios (ROCE)

7.2e - Ratios (Current Ratio)

7.2f - Ratios (Gearing)

7.2g - Ratios (Efficiency)

7.3a - Using Non-Financial Data to Analyse Performance

7.3b - Core Competences

7.3c - Assessing Short and Long-Term Performance

7.3d - Kaplan and Norton

7.3e - Elkington

7.4a - Political and Legal (Scope and Effects of Competition Law)

7.4b - Political and Legal (Scope and Effects of Labour Market Law)

7.4c - Political and Legal (Scope and Effects of Labour Market Law)

7.4d - Political and Legal (Enterprise)

7.4e - Political and Legal (Regulation, Impact of Policy on Infrastructure and Trade)

7.5a - Economy (Macroeconomics and the Business Cycle)

7.5b - Exchange Rates

7.5c - Inflation

7.5d - Government Economic Policies

7.5e - Economy (International Trade)

7.6a - The Social Environment (Ethics)

7.6b - The Social Environment (Environment and CSR)

7.6c - The Social Environment (Ethics)

7.7 - Technology

7.8 - The Competitive Environment (Porter's Five Competitive Forces)

7.9a - Investment Appraisal (Payback)

7.9b - Making Investment Decisions (ARR)

7.9c - Making Investment Decisions (NPV)

7.9d - Making Investment Decisions (Qualitative Factors and Making Decisions)

8.1a - Ansoff Matrix

8.2a - Porter's Generic Strategies

8.2b - Bowman's Strategic Clock

8.2c - Competitive Advantage

9.1a - Growth and Retrenchment

9.1b - Mergers and Takeovers

9.1c - Ventures

9.1d - Franchising

9.1e - Economies of Scale

9.1f - Diseconomies of Scale

9.1g - Other Issues With Growth

9.1h - Greiner's Growth Model

9.2a - Innovation

9.2b - Methods of Innovation

9.2c - Protecting an Innovation

9.3a - Internationalism

9.3b - Off-shoring and Re-shoring

9.3c - Methods of Entering International Markets

9.3d - Influences on Buying, Selling and Producing Abroad

9.4a - Digital Technology (E-Commerce)

9.4b - The Impact of Commerce on Functional Areas

9.4c - Other Uses of Data Technology

9.4d - The Value of Digital Technology and its Impact on Functional Areas of a Business

10.1a - Causes and Pressures For Change

10.1b - Lewin's Force Field Analysis

10.1c - Flexible Organisations

10.1d - Value of Knowledge and Information Management

10.1e - Kotter and Schlesinger

10.2a - What is Culture?

10.2b - Handy's Cultural Model

10.2c - Hofstede's Cultural Model

10.2d - Influences on Culture

10.3a - Strategic Implementation

10.3b - Network Analysis

10.3d - CPA (Interpretation)

10.4a - The Value of Strategic Planning

10.4b - Why Strategies Fail

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