1
Q
Economic variables definition
A
features of an economy which have effects on business and consumers
e.g unemployment, inflation and exchange rates
2
Q
Internal finance definition
A
the raising of capital/cash from within/inside the business
e.g business/owners capital, personal savings, retained profit
3
Q
Personal savings/owners capital definition
A
a source of (internal) finance provided by the owner of a business/personal money from the owner
4
Q
Retained profit definition
A
profit is re invested back into/kept by the business which is not paid as a dividend
internal source of finance
5
Q
Sales of assets definition
A
a type of internal finance
involves selling resources that belong to the business
Business
flashcards
Decks in class (161)
# Cards
-
Exam Techniques6
-
Formulas27
-
The Market(1.1.1)31
-
Key terms (1.1.1)18
-
Market Research(1.1.2)32
-
Key terms (1.1.2)25
-
Market Positioning(1.1.3)15
-
Key terms (1.1.3)6
-
Demand(1.2.1)12
-
Key terms (1.2.1)7
-
Supply(1.2.2)12
-
Key terms (1.2.2)3
-
Markets(1.2.3)1
-
Key terms (1.2.3)4
-
Price Elasticity of Demand-PED(1.2.4)16
-
Key terms (1.2.4)5
-
Income Elasticity of Demand-YED(1.2.5)15
-
Key terms (1.2.5)2
-
Product or Service Design(1.3.1)18
-
Key terms(1.3.1)12
-
Branding and Promotion(1.3.2)23
-
Key terms(1.3.2)16
-
Pricing Strategies(1.3.3)31
-
Key terms(1.3.3)8
-
Distribution(1.3.4)26
-
Key terms(1.3.4)11
-
Marketing startegy(1.3.5)31
-
Key terms(1.3.5)10
-
Approaches to staffing(1.4.1)28
-
Key terms(1.4.1)11
-
Recruitment selection and training(1.4.2)27
-
Key terms(1.4.2)7
-
Organisational design(1.4.3)20
-
Key terms(1.4.3)9
-
Motivation and theory in practice(1.4.4)15
-
Key terms(1.4.4)22
-
Leadership(1.4.5)20
-
Key terms(1.4.5)6
-
Role of an entrepreneur(1.5.1)10
-
Key terms(1.5.1)4
-
Entrepreneurial motives and characteristics(1.5.2)9
-
Key terms(1.5.2)7
-
Business objectives(1.5.3)10
-
Key terms(1.5.3)9
-
Forms of business(1.5.4)24
-
Key terms(1.5.4)9
-
Business choices(1.5.5)5
-
Key terms(1.5.5)2
-
Entrepreneur to leader(1.5.6)10
-
Key terms(1.5.6)1
-
Internal finance(2.1.1)15
-
Key terms(2.1.1)5
-
External finance(2.1.2)44
-
Key terms(2.1.2)12
-
Liability(2.1.3)7
-
Key terms(2.1.3)3
-
Planning(2.1.4)10
-
Key terms(2.1.4)8
-
Sales forecasting(2.2.1)16
-
Key terms(2.2.1)3
-
Sales revenue and costs(2.2.2)14
-
Key terms(2.2.2)6
-
Break even(2.2.3)7
-
Key terms(2.2.3)3
-
Budgeting(2.2.4)18
-
Key terms (2.2.4)6
-
Profit (2.3.1)26
-
Key terms (2.3.1)12
-
Liquidity(2.3.2)15
-
Key terms(2.3.2)15
-
Business failure(2.3.3)15
-
Key terms (2.3.3)5
-
Production and productivity(2.4.1)38
-
Key terms(2.4.1)9
-
Capacity utilisation(2.4.2)10
-
Key terms(2.4.2)5
-
Stock control(2.4.3)20
-
Key terms(2.4.3)12
-
Quality management(2.4.4)16
-
Key terms(2.4.4)7
-
Economic influences(2.5.1)34
-
Key terms(2.5.1)16
-
Legislation(2.5.2)21
-
Key terms(2.5.2)8
-
Competitive environment(2.5.3)4
-
Key terms(2.5.3)1
-
Corporate objectives (3.1.1)8
-
Key terms (3.1.1)4
-
Theories of corporate strategy (3.1.2)25
-
Key terms (3.1.2)12
-
SWOT analysis (3.1.3)4
-
Key terms (3.1.3)1
-
Impact of external influences (3.1.4)37
-
Key terms (3.1.4)6
-
Growth (3.2.1)28
-
Key terms (3.2.1)10
-
Mergers and takeovers (3.2.2)29
-
Key terms (3.2.2)4
-
Organic growth (3.2.3)15
-
Key terms (3.2.3)2
-
Reasons for staying small (3.2.4)12
-
Key terms (3.2.4)1
-
Quantitative sales forecasting (3.3.1)24
-
Key terms (3.3.1)7
-
Investment appraisal (3.3.2)29
-
Key terms (3.3.2)5
-
Decision trees (3.3.3)7
-
Key terms (3.3.3)3
-
Critical path analysis (3.3.4)9
-
Key terms (3.3.4)6
-
Corporate influences (3.4.1)24
-
Key terms (3.4.1)4
-
Corporate culture (3.4.2)3
-
Key terms (3.4.2)0
-
Shareholders vs stakeholders (3.4.3)10
-
Key terms (3.4.3)0
-
Business ethics (3.4.4)12
-
Key terms (3.4.4)0
-
Interpretation of financial statements (3.5.1)9
-
Key terms (3.5.1)0
-
Ratio Analysis (3.5.2)12
-
Key terms (3.5.2)0
-
Human resources (3.5.3)0
-
Key terms (3.5.3)0
-
Causes and effects of change (3.6.1)0
-
Key terms (3.6.1)0
-
Key factors in change (3.6.2)0
-
Scenario planning (3.6.3)0
-
Key terms (3.6.3)0
-
Growing economies (4.1.1)0
-
Key terms (4.1.1)0
-
International trade and business growth (4.1.2)0
-
Key terms (4.1.2)0
-
Factors contributing to increased globalisation (4.1.3)0
-
Key terms (4.1.3)0
-
Protectionism (4.1.4)0
-
Key terms (4.1.4)0
-
Trading blocs (4.1.5)0
-
Key terms (4.1.5)0
-
Conditions that prompt trade (4.2.1)0
-
Key terms (4.2.1)0
-
Assessment of a country as a market (4.2.2)0
-
Key terms (4.2.2)0
-
Assessment of a country as a production location (4.2.3)0
-
Key terms (4.2.3)0
-
Reasons for global mergers or joint ventures (4.2.4)0
-
Key terms (4.2.4)0
-
Global competitiveness (4.2.5)16
-
Key terms (4.2.5)0
-
Marketing (4.3.1)0
-
Key terms (4.3.1)0
-
Niche markets (4.3.2)0
-
Key terms (4.3.2)0
-
Cultural/social factors (4.3.3)1
-
Key terms (4.3.3)0
-
The impact of MNCs (4.4.1)0
-
Key terms (4.4.1)0
-
Ethics (4.4.2)0
-
Key terms (4.4.2)0
-
Controlling MNCs (4.4.3)0
-
Key terms (4.4.3)0
