Technology definition
The application of mechanical sciences to industry and commerce
Uses of robots in manufacturing
- Handling operations
- Production
- Assembling
Advantages of robotics
- Speed, accuracy and efficiency
- Reliable quality
- Reduces unit costs
Disadvantages of robotics
- Up-front investment
- De-motivating for displaced staff
Automated production definition
Use of machinery to replace human resources
Automated stock control programs definition
Integrated software and hardware used to monitor the quantity, location and status of stocks
Advantages of technology in employment
- Reduces costs
- Improves quality
- Reduces waste
Disadvantages of technology in employment
- Resistance to change
- Lower morale
- Cost
How do EPOS systems work?
They rely on barcodes to record which products are being purchased, which means stock can be re-ordered automatically
How does CAD work?
It uses computers to design new products, or make alterations to existing products
How does CAM work?
It uses computers to produce a product, usually involving robots or ‘computer-numerically controlled’ (CNC) machines
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1.1a Business Objectives3
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1.1b Costs5
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1.1c Revenue and Profit3
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1.2a Sole Traders3
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1.2b Limited Companies15
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1.2c Shareholding16
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1.2d Public and Private Sector7
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1.2e Non-Profit Organisations10
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1.3a Demand9
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2.1a Managers and Leaders9
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2.1b Leadership Models7
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2.2a Decision Making7
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2.2c Opportunity Cost2
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2.2d Decision Trees9
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2.3a Stakeholder Perspectives5
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2.3b Communication1
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3.1a Marketing Objectives10
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3.2a Primary Market Research17
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3.2b Secondary Market Research7
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3.2c Analysing Market Data9
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3.2d Sampling14
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3.2e Extrapolation12
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3.2f Correlation4
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3.2g Price Elasticity of Demand10
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3.2h Price Elasticity of Demand (2)3
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3.2i Income Elasticity of Demand8
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3.2j Using Technology to Collect Marketing Data1
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3.2k Collecting Data to Make Marketing Decisions3
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3.3a Market Mapping3
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3.3b STP: Market Segmentation4
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3.3c STP: Market Segmentation (2)3
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3.3d STP: Target and Positioning14
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3.4a The Marketing Mix17
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3.4b New Product Development5
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3.4c Product - Boston Matrix12
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3.4d Product Life Cycle11
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3.4e Pricing Decisions13
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3.4f Promotional Mix20
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3.4g Place14
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3.4i Influences on an Integrated Marketing Mix2
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4.1a Understanding Operational Objectives21
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4.2a Unit Costs2
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4.2b Capacity11
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4.3a Labour Vs Capital7
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4.3b Labour Productivity17
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4.3c Technology11
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4.4a Quality / 4.4b Managing Quality21
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4.4c Suppliers9
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4.4d Improving flexibility29
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4.4e Inventory Control13
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5.1a Financial Objectives17
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5.2a Contribution3
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5.2b Break Even9
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5.2d Cashflow10
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5.2e Working Capital8
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5.2f Setting Budgets10
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5.2g Variance Analysis8
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5.3a Sources of Finance33
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5.4a Improving Cash Flow2
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5.4b Analysing Profitability7
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5.4c Methods of Improving Profit6
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5.5a Making Financial Decisions2
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5.5b Internal/External Influences on Financial Objectives2
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6.1a Understanding Human Resource Objectives14
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6.2a Analysing HR performance13
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6.3a Organisational design29
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6.3b HR Flow24
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6.4a Motivational Theories16
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6.4b Financial vs Non-Financial Rewards32
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6.4c Job Design8
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6.5a Employer-Employee relations24
