1
Q
Whats the acronym for ‘SMART’ objectives?
A
S-specific
M-Measurable
A-Achievable
R-Relevant
T-Time-Bound
2
Q
What is the acronym for SEWS?
A
S-Start point
E-End point
W-Wording
S-Scope
3
Q
What is the acronym for PECAN?
A
P-Point
E-Explain
C-Context
A/N-Analysis (HOW/WHY)
4
Q
What is Spice up seasoning?
A
Effective context.
Business
flashcards
Decks in class (37)
# Cards
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Business Calculations45
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Business formulas33
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General knowledge4
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3.1.1- Understanding the nature and the purpose of business24
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3.1.2- Understanding different business forms22
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3.1.3- Understanding that businesses operate within an external environment11
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3.2.1- Understanding management, leadership and decision making7
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3.2.2- Understanding management decision making12
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3.2.3- Understanding the role and importance of stakeholders5
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3.3.1- Setting marketing objectives9
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3.3.2- Understanding markets and customers22
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3.3.3- Making marketing decisions: segmentation, targeting, positioning5
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3.3.4- Making marketing decisions: Using the marketing mix28
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3.4.1- Setting operational objectives10
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3.4.2- Analysing operational performance4
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3.4.3- Making operational decisions to improve performance: increasing efficiency and productivity25
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3.4.4- Making operational decisions to improve performance: improving quality9
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3.4.5- Making operational decisions to improve performance: managing inventory and supply chains24
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3.5.1- Setting financial objectives9
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3.5.2- Analysing financial performance22
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3.5.3- Making financial decisions: sources of finance27
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3.5.4- Making financial decisions: improving cash flow and profits4
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3.6.1- Setting human resource objectives13
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3.6.2- Analysing human resource performance15
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3.6.3- Making human resource decisions: improving organisational design and managing the human resource flow45
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3.6.4- Making human resource decisions: improving motivation and engagement26
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3.6.5- Making human resource decisions: improving employer-employee relations11
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3.7.1- Mission, corporate objectives, functional objectives and strategy19
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3.7.2- Analysing the existing internal position of a business to assess strengths and weaknesses: financial ratio analysis31
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3.7.3- Analysing the existing internal position of a business to assess strengths and weaknesses: overall performance9
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3.7.4 Analysing the external environment to assess opportunities and threats: political and legal change8
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3.7.5 Analysing the external environment to assess opportunities and threats: economic change39
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3.7.6 Analysing the external environment to assess opportunities and threats: social and technological15
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3.7.7 Analysing the external environment to assess opportunities and threats: the competitive environment5
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3.7.8 Analysing strategic options: investment appraisal22
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3.8.1 Strategic direction: choosing which markets to compete in and what products to offer17
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3.8.2 Strategic positioning: choosing how to compete16
