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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 1,
Benefits of a business 2,
Objectives 3
9
cards
3.1.2 Understanding the different forms of business
Business forms 1,
Reasons for changing business for...,
Effects of ownership on business 3
13
cards
3.1.3 Understanding that businesses operate within an external environment
Political 1,
Economic 2,
Social 3
7
cards
3.2.1 Understanding management, leadership and decision making
Management 1,
Leadership 2,
Role of managers 3
11
cards
3.2.2 Understanding management and decision making
Theory x 1,
Theory y 2,
Internal factors that influence t...
16
cards
3.2.3 Understanding the role and importance of stakeholders
Stakeholders 1,
Primary stakeholders 2,
Secondary stakeholders 3
3
cards
Key formuals
Revenue 1,
Variable costs 2,
Total costs 3
10
cards
3.3.1 Setting marketing objectives
Market 1,
Marketing objectives 2,
Sales value 3
11
cards
3.3.2 Understanding markets and customers
Primary research 1,
Primary research advantages 2,
Primary research disadvantages 3
31
cards
3.3.3. Making marketing decisions
Market segmentation 1,
Demographic segmentation 2,
Geographic segmentation 3
13
cards
3.3.4 Marketing mix
Tradition four p s 1,
Extra 3 2,
Marketing mix 3
32
cards
3.4.1Operations management
Capacity 1,
How to utilise capacity efficient...,
Capacity utilisation equation 3
16
cards
3.4.3 Making operational decisions to improve performance: increasing effciency and productivity
Efficiency 1,
Labour productivity 2,
Why does labour productivity matt...
22
cards
3.4.4 Making operational decisions to improve performance : improving quality
Lean production 1,
Lean production techniques include 2,
Just in time 3
18
cards
3.4.5 Making operational decisions to improve performance: managing inventory and supply chains
Holding stock is good for 1,
Excess stock 2,
Factors influencing stock 3
35
cards
3.5.1 Setting financial objectives
Financial objectives 1,
Why would a business set financia...,
Examples of financial objectives 3
18
cards
3.5.2 Analysing financial objectives
Break even 1,
Break even formula 2,
Contribution 3
8
cards
3.5.3 Making financial decisions: source of finance
What is a budget 1,
Budget 2,
Source of information for a budget 3
15
cards
3.5.4 Making financial decisions: Improving cash flow and profits
Cash flow 1,
Cash inflows 2,
Cash outflows 3
14
cards
3.6.1 Setting human resource objectives
What is hr 1,
Employee engagement 2,
Talent development 3
13
cards
3.6.2 Analysing human resource performance
Internal influences on hr objecti...,
External influences on hr objecti...
2
cards
3.6.3 Making human resource decisions: improving organisational design and managing the human resource flow
Job design 1,
Job enrichment 2,
Job enlargement 3
20
cards
3.6.4 Making human resource decisions: improving motivation and engagement
Motivation 1,
Taylor s approach to management 2,
Maslow s hierarchy of needs 3
10
cards
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AS Business
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