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ellie burrows
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Decks in this class (43)
equations
Revenue sales or turnover 1,
Variable costs total variable cos...,
Total costs 3
37
cards
1.1 Understanding the Nature and Purpose of business
Tangible products 1,
Intangible products 2,
The impact on the country and its...
21
cards
1.2 Understanding different business forms
What is a soletrader 1,
Advantages of soletrader 2,
Disadvantages of soletrader 3
48
cards
1.3 Understanding that businesses operate within an external environment
Factors in the external environme...,
Competition 2,
Market condiitons 3
7
cards
2.1 Understanding management, leadership and decision making
What are managers responsible for 1,
Characteristics of managers in a ...,
What happens to leaders and manag...
30
cards
2.2 Understanding management decision making
What approaches do managers use w...,
Advantages of scientific decision...,
Disadvantages of scientific decis...
10
cards
2.3 Understanding the role and importance of stakeholders
What are stakeholders 1,
Employees are an internal stakeho...,
External stakeholders and what af...
14
cards
3.1 Setting marketing objectives
Different objectives in the marke...,
What is likely to happen followin...
2
cards
3.2 Understanding markets and customers
Market growth 1,
Sales growth 2,
Market share 3
33
cards
3.3 Making marketing decisions : segmentation, targeting, positioning
What is market segmentation 1,
Reasons businesses use market seg...,
Choosing market mix 3
13
cards
3.4 Making marketing decisions: using the marketing mix
What are the 7p s of the marketin...,
What does people part of the 7p s...,
What does process part of the 7p ...
69
cards
4.1 Setting operational objectives
What are the different operationa...,
Cost objectives 2,
Quality objective 3
13
cards
4.2 Analysing operational performance
Different types of data to manage...,
How to calculate labour productiv...,
How to calculate unit cost 3
5
cards
4.3 Increasing efficiency and productivity
The importance of capacity 1,
Importance of productivity 2,
Why do businesses aim to increase...
12
cards
4.4 Improving quality
What factors determine quality 1,
Ways to measure quality 2,
Ways to identify quality 3
10
cards
4.5 Managing inventory and supply chains
What are the different operationa...,
Impact of flexibility 2,
How can a business improve its fl...
22
cards
5.1 Setting financial objectives
Benefits of setting financial obj...,
What is roi 2,
How to calculate roi 3
8
cards
5.2 Analysing financial performance
Why will a business use cash flow...,
What is shown a cash flow forecas...,
Why do businesses have cash flow ...
33
cards
5.3 Sources of finance
Types of internal sources of fina...,
Personal savings 2,
Retained profits 3
15
cards
5.4 Improving cash flow and profits
Ways to increase profit and profi...,
What are the challenges of improv...,
What are the challenges of improv...
4
cards
6.1 Setting human resource objectives
Different types of hr objectives 1,
Employee engagement 2,
Talent development 3
13
cards
6.2 Analysing human resource performance
How to calculate labour turnover 1,
Why could there be a high labour ...,
Advantages of low staff turnover 3
13
cards
6.3 Improving organisational design and managing human resource flow
What is job design 1,
Aspects of job design 2,
How business objectives influence...
36
cards
6.4 Improving motivation and engagement
Advantages of having engaged and ...,
Taylor s theory 2,
What is the name of taylor s appr...
21
cards
6.5 Improving employer-employee relations
What is the influence of employee...,
What are trade unions 2,
What are work councils 3
7
cards
7.1 Mission, corporate objectives and strategy
What is the aim a business missio...,
What are the influences on a busi...,
What are the influences on a busi...
17
cards
7.2 Financial ratio analysis
What is roce 1,
How to calculate roce 2,
How to calculate capital employed 3
13
cards
7.3 Overall performance
What does financial information a...,
What does the non financial infor...,
Where does the non financial data...
36
cards
7.4 Political and legal change
The impact of politcal and legal ...,
How does the legal environment af...,
Examples of the impact of legal e...
5
cards
7.5 Economic change
What factors in the economic envi...,
What is gdp 2,
Why does gdp affect a business st...
33
cards
7.6 Social and technological environment
The changes in society and techno...,
What is urbanisation 2,
What is migration 3
32
cards
7.7 Competitive Environment
What is porter s 5 forces 1,
What is in the middle of the diag...,
What arrows point towards the mid...
6
cards
7.8 Investment appraisal
What is investment appraisal 1,
Uses of investment appraisal 2,
What information is needed for in...
13
cards
8.1 Choosing areas of competition
What is ansoff s matrix 1,
What does ansoff s matrix measure 2,
What are the 4 types of strategic...
31
cards
8.2 Choosing how to compete
What two aspects will a business ...,
Price competition example choosin...,
Customer benefits example choosin...
58
cards
9.1 Assessing a change in scale
What is organic growth 1,
What is external growth 2,
Impact of growth on a business 3
23
cards
9.2 Assessing innovation
What are the two ways innovation ...,
What is innovation 2,
Pressures for innovation 3
17
cards
9.3 Assessing internationalisation
Advantages of internationalisation 1,
What is exporting 2,
What is licensing 3
24
cards
9.4 Digital technology
What is e commerce 1,
What is data mining 2,
What is big data 3
17
cards
10.1 Managing change
What should managers and leaders ...,
What should managers and leaders ...,
What is lewin s force field analy...
24
cards
10.2 Managing organisational culture
What does the organisational cult...,
What is handy s model of culture 2,
What cultures are part of handy s...
32
cards
10.3 Managing strategic implementation
Factors influencing strategic pla...,
Impact of implementing a new stra...,
What is the importance of leaders...
4
cards
10.4 Problems with strategy and why it fails
Types of strategy implementation 1,
What are planned strategies 2,
What are emergent strategies 3
30
cards
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a level business
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