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Business Unit 1 AS

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

By: Miron Limbu
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Decks in this class (16)

What do businesses do and Factors of production
What do businesses do 1,
What does business activity produ...,
What is a consumer good 3
10  cards
Added and Creating value
What is added value 1,
What is creating value 2,
Give an example of added value 3
5  cards
Role of the entrepreneur
What is an entrepreneur 1,
What are qualities entrepreneurs ...,
What is innovation 3
6  cards
Opportunity cost
What is a opportunity cost 1,
What is the economic problem 2
2  cards
Challenges faced by entrepreneurs and why businesses fail
What are the challenges faced by ...,
Why do businesses fail 2,
What does it mean by a lack of re...
5  cards
Social enterprise
What is a social enterprise 1,
Three main aims of a social enter...,
What are the main aims referred t...
4  cards
Nature of business activity
What are the three types of busin...,
What is primary sector business a...,
What is secondary sector business...
8  cards
Economies and sectors
What are the two types of industr...,
What are the three types of econo...,
What is the public sector 3
8  cards
Legal Structures (Sole Trades and Partnerships)
What is a sole trader 1,
Advantages of being a sole trader 2,
Disadvantages of being a sole tra...
12  cards
Legal Structures (LTD and PLC)
What is a private limited company 1,
What is a public limited company 2,
Advantages of a ltd 3
10  cards
Legal Structure (Public Corp. Joint venture and holding company)
What is a holding company 1,
Common features of a holding comp...,
What is a joint venture 3
6  cards
Measurements of business size
What are the 5 main measurements ...,
Pros and cons of using no of empl...,
Pros and cons of using revenue 3
13  cards
Significance of small businesses
What is smes 1,
What are the benefits of smes 2,
Features of a micro business 3
9  cards
Internal growth
What is internal growth 1,
Examples of internal growth 2,
What is good about internal growth 3
4  cards
Business objectives in the private sector
What are the 8 common corporate o...,
What is profit satisficing 2,
What is corporate social responsi...
4  cards
Business stakeholders and their influence
What are the 8 types of sharehold...,
What does the owner do 2,
What do customers do 3
9  cards

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Business Unit 1 AS

  • Class purpose General learning

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