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Decks in this class (76)
Business Management Diagrams
Swot analysis 1,
Ansoff matrix format 2,
Force field analysis format 3
15
cards
Finance and Accounts Formulas
Formula for gross profit margin g...,
Formula for profit margin 2,
Formula for return on capital emp...
33
cards
The Business Management Toolkit
Purpose of force field diagrams 1,
Advantages of force field diagrams 2,
Disadvantages of force field diag...
12
cards
What is business management?(Details)
Components of business as a system 1,
Types of inputs 2,
Types of business functions proce...
12
cards
What is business management(Definitions)
To prepare for IB Business Management Exams
37
cards
Types of business entities Definitions
Private sector 1,
Multinational company 2,
Profit 3
29
cards
Types of business entities Details
Features of the public sector 1,
Features of the private sector 2,
Role of the private sector and it...
38
cards
Business objectives Definitions
Vision statement 1,
Mission statement 2,
Value 3
33
cards
Business objectives Details
What does smart goals stand for 1,
In the past it was generally acce...,
Types of social responsibilities 3
20
cards
Stakeholders Definitions
Stakeholder 1,
Internal stakeholder 2,
External stakeholder 3
13
cards
Stakeholders Details
Examples of internal stakeholders 1,
Examples of external stakeholders 2,
Examples of esg criteria that com...
3
cards
Growth Definitions
Market share 1,
Economies of scale 2,
Cash flows 3
43
cards
Growth Details
Reasons why most businesses want ...,
Advantages of growth for a busine...,
Disadvantages of growth for a bus...
36
cards
Multinational companies Definitions
Host country 1,
Globalisation 2,
Foreign direct investment fdi 3
5
cards
Multinational companies Details
Reasons for the growth of mncs ie...,
Positive impacts of mncs on host ...,
Negative impacts of mncs on host ...
3
cards
Introduction to Marketing Definitions
Marketing 1,
Market 2,
Marketing mix 3
20
cards
Introduction to Marketing Details
Elements of the marketing mix the...,
What do the first four elements i...,
What can all the seven ps be appl...
24
cards
Marketing planning Definitions
Marketing plan 1,
Budget 2,
Market research 3
31
cards
Marketing planning Details
Elements of a marketing plan 1,
Ways in which a marketing budget ...,
Ways by which data for marketing ...
28
cards
Sales forecasting(HL) Definitions
Sales forecasting 1,
Causal model 2,
Extrapolation 3
12
cards
Sales forecasting(HL) Details
Sales may be forecast in 1,
Steps businesses may take if sale...,
Actions that may be taken if a de...
13
cards
Market research Definitions
Market analysis 1,
Primary market research 2,
Secondary market research 3
14
cards
Market research Details
Reasons to carry out market resea...,
Forms of market research 2,
Types of market research 3
26
cards
The Seven Ps of the Marketing Mix Definitions
Product life cycle 1,
Research and development stage r d 2,
Introduction stage 3
60
cards
The Seven Ps of the Marketing Mix Details
Stages of the product life cycle 1,
The product life cycle is based on 2,
Features of the research and deve...
68
cards
International Marketing(HL) Definitions
International marketing 1,
Exporting 2,
Direct exporting 3
13
cards
International Marketing(HL) Details
Factors to be considered when cho...,
Examples of international market ...,
Difference between franchising an...
10
cards
Introduction to finance Definitions
Procurement 1,
Capital expenditure 2,
Long term finance 3
13
cards
Introduction to finance Details
Types of expenditure 1,
Examples of fixed assets 2,
Capital is usually funded with lo...
5
cards
Sources of finance Definitions
Internal source of finance 1,
Dividends 2,
Bankruptcy 3
20
cards
Sources of finance Details
Main internal sources of finance 1,
Characteristics of personal funds 2,
Characteristics of retained profi...
25
cards
Types of costs Definitions
Fixed cost 1,
Variable cost 2,
Loan shark 3
7
cards
Types of costs Details
Categories of costs 1,
Relationship between fixed costs ...,
Relationship between variable cos...
10
cards
Final accounts Definitions
Management 1,
Statement of profit or loss incom...,
Statement of financial position b...
14
cards
Final accounts Details
Examples of internal stakeholders 1,
Examples of external stakeholders 2,
Format of a statement of profit o...
29
cards
Profitability and liquidity ratio analysis Definitions
Profitability ratios 1,
Expenses 2,
Capital employed 3
8
cards
Profitability and liquidity ratio analysis Details
Formula for gross profit margin g...,
Strategies to improve gross profi...,
Formula for profit margin 3
19
cards
Efficiency ratio analysis Definitions
Efficiency ratio 1,
Stock turnover ratio 2,
Debtor days ratio 3
5
cards
Efficiency ratio analysis Details
Types of efficiency ratios 1,
Formula for stock turnover ratio ...,
Formula for stock turnover ratio ...
17
cards
Cashflow Definitions
Cash inflow 1,
Cash outflow 2,
Working capital 3
5
cards
Cashflow Details
In what cases can a business be p...,
Formula for profit 2,
Formula for net cashflow 3
10
cards
Investment appraisal Definitions
Investment appraisal 1,
Payback period 2,
Average rate of return 3
5
cards
Investment appraisal Details
Formula for payback period 1,
Steps to find the payback period 2,
Formula for net cash flow 3
15
cards
Budgets (HL) Definitions
Budget 1,
Profit centre 2,
Cost centre 3
7
cards
Budgets (HL) Details
Each profit centre contributes to...,
Cost centres are responsible for ...,
Benefits of profit and cost centr...
17
cards
Introduction to human resource management Definitions
Human resource management hrm 1,
Workforce planning 2,
Recruitmenti 3
11
cards
Introduction to human resource management Details
Key roles for human resource mana...,
Reasons for dismissal 2,
Internal factors that affect work...
6
cards
Organisational structure Definitions
Delegation 1,
Span of control 2,
Hierarchy 3
21
cards
Leadership and Management Definitions
Management 1,
Leadership 2,
Autocratic leadership 3
10
cards
Leadership and Management Details
General tasks of managers 1,
Difference between leaders and ma...,
Types of leadership styles 3
17
cards
Motivation and Demotivation Definitions
Piece rate pay 1,
Hygiene factors 2,
Labour turnover 3
24
cards
Motivation and Demotivation Details
Motivation may lead to greater li...,
Demotivation may lead to dissatis...,
Types of motivation 3
39
cards
Organisational (corporate) culture (HL) Definitions
Organisational culture 1,
Globalisation 2,
Power culture 3
9
cards
Organisational (corporate) culture (HL) Details
Elements of culture 1,
Who developed handy s god of mana...,
Types of cultures in business bas...
15
cards
Communication Definitions
Formal communication 1,
Informal communication 2
2
cards
Communication Details
Formal and informal communication...,
What is usually the audience and ...,
Methods of formal communication 3
8
cards
Industrial/employee relations (HL) Definitions
Collective bargaining 1,
Industrial action 2,
Strike 3
13
cards
Industrial/employee relations (HL) Details
Negative impacts of bad employee ...,
Sources of conflict in the workpl...,
Can collective bargaining occur w...
29
cards
Introduction to operations management Definitions
Operations management 1,
Capital intensive 2,
Labour intensive 3
3
cards
Introduction to operations management Details
Businesses have inputs physical f...,
How marketing affects operations ...,
How human resource management aff...
4
cards
Operations methods Definitions
Job production 1,
Batch production 2,
Mass flow production 3
5
cards
Operations methods Details
Types of operations methods 1,
Is job production more capital in...,
Advantages of job production 3
16
cards
Lean production and quality management Definitions
Lean production 1,
Quality management 2,
Continuous improvement kaizen 3
20
cards
Lean production and quality management Details
Effects of poor quality management 1,
Generally a business is more effi...,
What happens to the average cost ...
31
cards
Location Definitions
Location 1,
E commerce 2,
Clustering 3
9
cards
Location Details
Factors which help determine a bu...,
Advantages of clustering for a bu...,
E commerce allows for remote work...
8
cards
Break-even analysis Definitions
Contribution costing 1,
Absorption costing 2
2
cards
Break-even analysis Details
Formula for contribution per unit 1,
Uses of contribution calculations 2,
Direct costs are easy to associat...
8
cards
Production planning Definitions
Production planning 1,
Supply chain 2,
Supply chain management 3
19
cards
Production planning Details
Factors considered when choosing ...,
Advantages of local supply chains 2,
Disadvantages of local supply cha...
22
cards
Crisis management and contingency planning Definitions
Contingency planning 1,
Crisis management 2
2
cards
Crisis management and contingency planning Details
Examples of crises 1,
Difference between crisis managem...,
Effective crisis management depen...
7
cards
Research and development Definitions
Research and development r d 1,
Product innovation 2,
Gap in the market 3
14
cards
Research and development Details
Research and development r d prov...,
Research and development r d can ...,
Limitations of research and devel...
10
cards
Management and information systems Definitions
Management information systems mis 1,
Database 2,
Data analytics 3
17
cards
Management and information systems Details
Uses of management information sy...,
Examples of critical technologica...,
Data centres are expensive and us...
12
cards
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IB BUSINESS MANAGEMENT REVISION
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