This class was created by Brainscape user Joel Harbour. Visit their profile to learn more about the creator.
By:
Joel Harbour
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Decks in this class (36)
1.1.1 The Dynamic Nature of Business
Dynamic 1,
Obsolete 2,
What is a product 3
12
cards
1.1.2 Risk and Reward
Business success 1,
Non financial rewards 2,
Financial rewards 3
9
cards
1.1.3 The Role of Business Enterprise
Customer needs 1,
Customer wants 2,
Goods 3
8
cards
1.2.1 Customer Needs
5 customer needs 1,
Quality 2,
Choice 3
6
cards
1.2.2 Market Research
Purposes of market research 1,
Quantitative 2,
Qualitative 3
13
cards
1.2.3 Market Segmentation
Market segment 1,
Methods of segmentation 2,
Market segmentation benefits 3
10
cards
1.3.1 Business Aims and Objectives
Aim 1,
Objective 2,
Objectives should be smart meaning 3
6
cards
1.3.2 Business Revenue, Costs and Profit
Revenue formula 1,
Total costs formula 2,
Fixed costs 3
9
cards
1.3.3 Business Cash
Cash uses 1,
Cash and profit 2,
Net cash flow formula 3
7
cards
1.3.4 Business Sources of Finance Part 1
Short term sources of finance 1,
Long term sources of finance 2,
Internal sources of finance 3
13
cards
1.3.4 Business Sources of Finance Part 2
Trade credit benefits 1,
Trade credit negatives 2,
Bank overdraft benefits 3
18
cards
1.4.1 The Options for Start-Up and Small Businesses
Sole trader benefits 1,
Sole trader negatives 2,
Partnership benefits 3
10
cards
1.4.4 Business Location
Factors determining business loca...,
Proximity to market 2,
Proximity to labour 3
5
cards
1.4.5 the Marketing Mix
Marketing mix 1,
Product 2,
Price 3
6
cards
1.4.6 Business Plans
Contents of a business plan 1,
Purpose of a business plan 2
2
cards
1.5.1 Business Stakeholders
Stakeholders of a business 1,
Shareholders mainly interested in 2,
Managers and employees mainly int...
10
cards
1.5.2 Technology and Business
E commerce benefits to a business 1,
E commerce negatives to a business 2,
E commerce benefits to customers 3
13
cards
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Business
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