Business Component 1

This class was created by Brainscape user Jasmine Ellis. Visit their profile to learn more about the creator.

Decks in this class (38)

MM - Place
Definition of distribution channe...,
What s the benefit if a business ...,
What is the distribution channel ...
11  cards
Exam Questions
Outline the features of a monopol...,
Outline the features of a monopol...,
Reasons for the change in profit 3
19  cards
Motivation
What is a centralised organisation 1,
What is a decentralised organisat...,
Define downsizing 3
32  cards
Enterprise
Define enterprise 1,
Define sme 2,
Explain the difference between a ...
16  cards
Business Plans
Define a business plan 1,
The 5 core parts of a business pl...,
Explain the intro of the business...
11  cards
Markets
Define markets 1,
Define competition 2,
Define global markets 3
63  cards
Market Research
Define market research 1,
General benefits of market resear...,
General drawbacks of market resea...
27  cards
Business Structure
Define private sector 1,
Define public sector 2,
Private sector aims 3
48  cards
Business Location
Define business location 1,
7 factors of business location 2,
Costs business location 3
10  cards
Business Finance
The most suitable finance option ...,
Define internal sources of finance 2,
Define external sources of finance 3
33  cards
Operations Management - Added Value
Added Value
3  cards
Operations Management - Production
Define job production 1,
Evaluate job production 2,
Define batch production 3
7  cards
Operations Management - Productivity
Define productivity 1,
Advantages of high productivity 2,
How to improve productivity 3
14  cards
OM - Technology
Define cam 1,
Evaluate cam 2,
Define cad 3
15  cards
OM - Lean production
Define lean production 1,
What are the most important eleme...,
Examples of waste 3
21  cards
OM - Quality
Define quality 1,
How to ensure the provision of qu...,
Outline several separate 3
22  cards
OM - Purchasing
Define re order level 1,
Define re order quantity 2,
Define lead time 3
15  cards
OM - R+D
Define research 1,
Research methods used to generate...,
Define innovation 3
9  cards
OM - EoS
Define eos 1,
Define internal eos 2,
Define external eos 3
13  cards
Employer / Employee Relationships
Define min wage 1,
Explain employee employer relatio...,
Advantages of min wage to employe...
21  cards
Management and Leadership
Define a leader 1,
Define a manager 2,
Compare manager and leader 3
37  cards
Organisational+Management Structures
Define organisation structure 1,
What the organisation structure s...,
Define layers of hierarchy 3
25  cards
Workforce Performance
Define workforce performance 1,
Define absenteeism rates 2,
Causes of absenteeism 3
13  cards
Training
Explain induction 1,
Describe at the elbow training 2,
Describe job rotation 3
19  cards
Recruitment
Features of a human resource plan 1,
Define workforce planning 2,
Main factors that influence workf...
16  cards
Changes in working practise
Define flexible working 1,
Define job sharing 2,
Possible benefits of job sharing 3
23  cards
Profit and Loss accounts
Define a profit loss account 1,
Define cost of sales 2,
Define gross profit 3
11  cards
Cash flow forecasts
Define a cash flow forecast 1,
Why are cash flow forecasts useful 2,
Ways to improve cash flow position 3
15  cards
Finance budgeting
Define budgeting 1,
Define sales revenue budgeting 2,
Define expenditure budgeting 3
10  cards
New technology
Explain clicks and bricks 1,
Explain social media 2,
Explain m commerce 3
7  cards
Business Functions
Functional objectives 1,
How can functional departments ro...,
Explain functional departments 3
4  cards
Marketing
Define marketing 1,
Activities involved in marketing 2,
Define market orientated led mark...
14  cards
The marketing mix
Define a product portfolio 1,
Functions of a product portfolio 2,
Ways to market a business 3
36  cards
MM - Price
Define price skimming 1,
Why use price skimming 2,
Explain penetration pricing 3
19  cards
MM - Promotion
Define promotion 1,
Define above the line promotion 2,
Methods of above the line promoti...
8  cards
Internet Marketing
Benefits of marketing via an inte...,
Drawbacks of marketing via an int...,
Explain internet marketing 3
7  cards
Industrial Marketing
Define industrial marketing 1,
Methods adopted when selling to i...,
Opportunities when marketing glob...
8  cards
Business Revenue and Costs
Define revenue 1,
Define fixed costs 2,
Define variable costs 3
17  cards

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Business Component 1

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