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Rebecca Doolan
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Decks in this class (34)
3.1.1
The more value a business can add...,
How is added value achieved,
Inputs
28
cards
3.1.2
What are private businesses,
Example of private and public,
What are public businesses
16
cards
3.1.3
Are external factors controllable,
If a business responds quickly to...,
External factors
16
cards
3.2.1
Role of managers,
Planning,
Organising
26
cards
3.2.2
The decision making process,
Gathering information,
Choosing the course of action
19
cards
3.2.3
What are stakeholders,
Internal stakeholders,
Employees
31
cards
3.3.1
What is marketing,
The process of marketing allows a...,
What is the market
9
cards
3.3.2
What is market research,
Market research process,
Advantages of primary market rese...
44
cards
3.3.3
What is stp,
Value of market segmentation,
Methods of segmentation
14
cards
3.3.4
What is the marketing mix 7ps,
Integrated marketing mix,
7ps
60
cards
3.4.1
What is operations,
The importance of operations,
Operations management is the key ...
7
cards
3.4.2 and 3.4.3
What is labour productivity,
What are unit costs,
What is capacity
22
cards
3.4.4
What is quality,
The importance of quality,
Methods of achieving quality
7
cards
3.4.5
What is inventory,
Factors to consider when managing...,
Factors to consider when managing...
16
cards
3.5.1
What are financial objectives,
Importance of financial objectives,
What is the difference between ca...
15
cards
3.7.1
What is the mission and corporate...,
For this reason the mission and c...,
The mission of a business will be...
23
cards
3.7.2
What 2 financial info used to sup...,
What is the income statement,
Cost of goods sold
55
cards
3.7.3
Marketing measure of performance ...,
Human resources performance measu...,
Operations measure performance fi...
23
cards
3.7.4
The political environment covers,
Factors influenced by the politic...,
Uk and eu political decisions are...
42
cards
3.7.5
What is the exchange rate,
100 120 100 110,
100 a 205 100 a 146
39
cards
3.7.6
What is social change,
What is demography,
Key demographic factors
38
cards
3.7.7
What is the competitive environment,
Porters 5 forces,
Porter s five forces model can be...
24
cards
3.7.8
Investment appraisal may be used ...,
What is payback,
What is average rate of return
18
cards
3.8.1
What is strategic direction,
Why is strategic direction important,
What is the ansoff matrix
25
cards
3.8.2
What does strategic positioning i...,
What will the aim of a business b...,
Michael porter suggested that a b...
28
cards
3.9.1
Grenier s model of growth considers,
What are the 6 phases of growth a...,
Phase 1 creativity
26
cards
3.9.2
What does innovation involve,
What are the 2 types of innovation,
What do both types of innovation ...
26
cards
3.9.3
The world is a shrinking place an...,
Internationalisation brings with ...,
Incentives for operating in inter...
32
cards
3.9.4
Digital technology includes,
What is e commerce,
Benefits of e commerce
17
cards
3.10.1
The value of change,
Why do stakeholders see change as...,
Internal or external change
28
cards
3.10.2
Forming a business culture,
What did hofstede suggest,
Power distance index small or big
10
cards
3.10.3
The strategic planning process,
Importance of leadership,
Stages of implementing a strategy...
18
cards
3.10.4
Why do some strategies fail,
Setting objectives failure,
Gather data failure
22
cards
3.6.1
Hr is the function of a business ...
1
cards
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aqa a level business
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