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Izzy Byrne
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Decks in this class (23)
3.1.1 Understanding the nature and purpose of business
What is a business,
Benefits of a business,
Objectives
9
cards
3.1.2 Understanding the different forms of business
Business forms,
Reasons for changing business forms,
Effects of ownership on business
13
cards
3.1.3 Understanding that businesses operate within an external environment
Political,
Economic,
Social
7
cards
3.2.1 Understanding management, leadership and decision making
Management,
Leadership,
Role of managers
11
cards
3.2.2 Understanding management and decision making
Theory x,
Theory y,
Internal factors that influence t...
16
cards
3.2.3 Understanding the role and importance of stakeholders
Stakeholders,
Primary stakeholders,
Secondary stakeholders
3
cards
Key formuals
Revenue,
Variable costs,
Total costs
10
cards
3.3.1 Setting marketing objectives
Market,
Marketing objectives,
Sales value
11
cards
3.3.2 Understanding markets and customers
Primary research,
Primary research advantages,
Primary research disadvantages
31
cards
3.3.3. Making marketing decisions
Market segmentation,
Demographic segmentation,
Geographic segmentation
13
cards
3.3.4 Marketing mix
Tradition four p s,
Extra 3,
Marketing mix
32
cards
3.4.1Operations management
Capacity,
How to utilise capacity efficiently,
Capacity utilisation equation
16
cards
3.4.3 Making operational decisions to improve performance: increasing effciency and productivity
Efficiency,
Labour productivity,
Why does labour productivity matter
22
cards
3.4.4 Making operational decisions to improve performance : improving quality
Lean production,
Lean production techniques include,
Just in time
18
cards
3.4.5 Making operational decisions to improve performance: managing inventory and supply chains
Holding stock is good for,
Excess stock,
Factors influencing stock
35
cards
3.5.1 Setting financial objectives
Financial objectives,
Why would a business set financia...,
Examples of financial objectives
18
cards
3.5.2 Analysing financial objectives
Break even,
Break even formula,
Contribution
8
cards
3.5.3 Making financial decisions: source of finance
What is a budget,
Budget,
Source of information for a budget
15
cards
3.5.4 Making financial decisions: Improving cash flow and profits
Cash flow,
Cash inflows,
Cash outflows
14
cards
3.6.1 Setting human resource objectives
What is hr,
Employee engagement,
Talent development
13
cards
3.6.2 Analysing human resource performance
Internal influences on hr objectives,
External influences on hr objectives
2
cards
3.6.3 Making human resource decisions: improving organisational design and managing the human resource flow
Job design,
Jo,
Job enlargement
20
cards
3.6.4 Making human resource decisions: improving motivation and engagement
Motivation,
Taylor s approach to management,
Maslow s hierarchy of needs
10
cards
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AS Business
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