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Decks in this class (38)
1.1.1 The Dynamic Nature of Business
Why do new business ideas come about,
How do new business ideas come about,
What does changing technology lea...
12
cards
1.1.2 Risk and Reward
What are the risks of starting a ...,
How is poor management a risk of ...,
How is poor market research a ris...
34
cards
1.1.3 The Role of Business Enterprise
Purpose of business enterprise,
Purpose of business activity,
Traits for role of entrepreneurship
29
cards
1.2.1 Customer Needs
What are customer needs,
What is the the importance of ide...,
How can businesses understand cus...
5
cards
1.2.2 Market Research
The purpose of market research,
What does effective market resear...,
Two categories of market research
38
cards
1.2.3 Market Segmentation
How does market mapping help busi...,
Market map,
Possible dimensions for market ma...
20
cards
1.2.4 The Competitive Environment
What is a competitive market,
Ways to compete with other busine...,
Product differentiation
9
cards
1.3.1 Business Aims and Objectives
Why do people set up their own bu...,
Aim,
Objectives
9
cards
1.3.2 Business Revenues, Costs and Profits
Revenue sales revenue sales turnover,
How do you calculate revenue,
Costs
39
cards
1.3.3 Cash and Cash-flow
Importance of cash to a business,
What is the difference between ca...,
Cash flow
14
cards
1.3.4 Sources of Business Finance
What are short term sources of bu...,
What are long term sources of bus...,
Bank overdraft
33
cards
1.4.1 The Options for Start-up and Small Businesses
Limited liability,
Advantages of limited liability,
Disadvantages of limited liability
35
cards
1.4.2 Business Location
Factors influencing business loca...,
How does proximity to the market ...,
How does proximity to labour affe...
16
cards
1.4.3 The Marketing Mix
What is the marketing mix,
What are the elements of the mark...,
Marketing mix product
26
cards
1.4.4 Business Plans
Business plan,
Purpose of a business plan,
What is the purpose of planning b...
4
cards
1.5.1 Business Stakeholders
Business stakeholder,
What can stakeholders be grouped ...,
Examples of internal stakeholders
36
cards
1.5.2 Technology and Business
Technology,
Different aspects of modern busin...,
What has technological change bee...
33
cards
1.5.3 Legislation and Business
Principles of consumer law,
What does consumer law govern,
What is the purpose of consumer l...
15
cards
1.5.4 The Economy and Business
Economic climate,
What does the level of demand in ...,
What can demand come from
30
cards
1.5.5 External Influences
Opportunities in external influen...,
Threats in external influences fo...,
Business responses to changes in ...
6
cards
2.1.1 Business Growth
Internal organic growth,
Why is business growth often an i...,
Internal methods of business grow...
50
cards
2.1.2 Changes in Business Aims and Objectives
How might technology cause busine...,
How might market conditions cause...,
How might business performance ca...
15
cards
2.1.3 Business and Globalisation
Globalisation,
Imports,
Exports
28
cards
2.14 Ethics, The Environment and Business
Ethics,
Benefits of business s behaving e...,
Drawbacks of behaving ethically f...
16
cards
2.2.1 Product
What is part of the design mix,
Function,
Cost
21
cards
2.2.2 Price
Importance of price in the market...,
How does the cost of making a pro...,
How does the quality of a product...
18
cards
2.2.3 Promotion
What do business s use promotion ...,
What will effective promotion allow,
Importance of strong branding
29
cards
2.2.4 Place
Place,
Advantages for a producer selling...,
Disadvantages for a producer sell...
11
cards
2.2.5 Using the Marketing Mix to make Business Decisions
How can selling different product...,
How can increasing the features a...,
How can targeting a product at a ...
9
cards
2.3.1 Business Operations
Production processes,
The purpose of business operations,
Job production
22
cards
2.3.2 Working with Suppliers
Managing stock,
Stock,
Bar stock graph example
23
cards
2.3.3 Managing Quality
What is quality important in,
What are the ways of achieving go...,
Benefits of good quality for a bu...
17
cards
2.3.4 The Sales Process
The sales process,
What is the sales process,
Factors affecting the sales process
8
cards
2.4.1 Business Calculations
Gross profit,
How is gross profit calculated,
Net profit
13
cards
2.5.1 Organisational Structures
Organisational structures,
What do different organisation st...,
Span of control
46
cards
2.5.2 Effective Recruitment
Responsibilities of directors,
Responsibilities of senior managers,
Responsibilities of supervision a...
39
cards
2.5.3 Effective Training and Development
The importance of training employ...,
The importance of training employ...,
What will a business training an ...
15
cards
2.5.4 Motivation
Motivation,
Importance of a business having a...,
Financial methods of motivation r...
19
cards
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