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By:
Rebecca Brittain
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Decks in this class (25)
KT1: 1.2.1 Demand
Complementary goods 1,
Inferior goods 2,
Luxury goods 3
6
cards
KT2: 1.1.1 The market, 1.1.2 Market Research
Economies of scale 1,
Franchise 2,
Generic brands 3
8
cards
KT3: 1.2.2 Supply, 1.2.3 markets
Market price 1,
Supply chain 2,
Supply curve 3
6
cards
KT4; 1.1.3 Market positioning, 1.4.4 motivation in theory
Market map 1,
Price elasticity 2,
Unique selling point 3
3
cards
KT5: 1.2.4 PED, 1.2.5 YED
External constraint 1,
Predatory pricing 2,
Price elastic 3
7
cards
KT7: 1.3.1 product/service design, 1.3.2 Distribution
Prototype 1,
Sustainability 2,
Capacity utilisation 3
5
cards
KT9: 1.3.3 Pricing strategies, 1.3.4 Distribution
Loss leader 1,
Price elasticity 2,
Price sensitive 3
10
cards
KT6: 1.4.4 motivation in theory, 1.4.5 leadership
Division of labor 1,
Hygiene factors 2,
Job satisfaction 3
11
cards
KT8: 1.5.1 role of an entrepreneur, 1.5.2 Entrepreneurial motives and characteristics
Franchise 1,
Geographical mapping 2,
Innovations 3
9
cards
KT10: 1.5.3 Business objectives, 1.5.4 Forms of business
Budgets 1,
Corporate objectives 2,
Delegation 3
18
cards
KT11: 1.3.5 Marketing strategy
Cash cow 1,
Dog 2,
Extension statergy 3
8
cards
KT12: 1.5.5 Business choices, 1.5.6 Moving from entrepreneur to leader
Opportunity cost 1,
Trade off 2,
Delegation 3
5
cards
KT13: 1.4 HRM, 1.4.1 Approaches to staffing
Labour turnover 1,
Outsourcing 2,
Redeployment 3
9
cards
KT14: 2.4 Production, productivity and efficiency
Fixed costs 1,
Variable costs 2,
Enterprise resource planning 3
9
cards
KT15: 1.4.2 recruitment, selection and training, 1.4.3 organisational design, 2.1.1 internal finance
Induction training 1,
Labour turnover 2,
Off the job training 3
17
cards
KT16: 2.4.2 capacity utilisation
Downtime 1,
Excess capacity 2,
Rationalisation 3
4
cards
KT17: 2.1.2 external finance, 2.1.3 liability, 2.1.4 planning
Bankrupt 1,
Creditors 2,
Limited liabilities 3
11
cards
KT18: 2.4.3 stock control
Buffer stock 1,
Comparative advantage 2,
Competitiveness 3
4
cards
KT19: 2.2.1 sales forecasting, 2.2.2 sales revenue and costs
Contingency plans 1,
Real incomes 2,
Sales forecast 3
11
cards
KT20: 2.4.4 quality management
Competitiveness 1,
Right first time 2,
Trade off 3
4
cards
KT21: 2.2.3 breakeven, 2.2.4 budgets
Break even chart 1,
Contribution 2,
Fixed costs 3
12
cards
KT22: 2.5.1 economic influences, 2.5.2 legislation
Consumer demand 1,
Discretionary income 2,
Economic climate 3
8
cards
KT23: 2.3.1 Profit, 2.3.2 Liquidity
Corporation tax 1,
Dividends 2,
Fixed overheads 3
8
cards
KT24: 2.5.3 the competitive environment
Collusion 1,
Non price competition 2,
Oligopolies 3
4
cards
KT25: 2.3.3 Business failure
Administration 1,
Business model 2
2
cards
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Business Edexcel AS
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