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Decks in this class (22)
1- Enterprise and Business functions
Define enterprise,
Define entrepreneur,
What are the characteristics of a...
7
cards
Stakeholder objectives and mission statements
What is the purpose of a mission ...,
Benefits of a mission statement,
Limitations of a mission statement
12
cards
Stakeholders
What is a stakeholder,
List examples of stakeholders
2
cards
Size, growth, and external growth
What factors affect the size of a...,
Why might a business want to grow,
What is organic growth
7
cards
Franchises and co-operatives
What is a franchise,
Advantages for franchiser,
Disadvantages for franchiser
8
cards
Business sectors and types of businesses
What is the chain of production,
What businesses operate in the pr...,
What businesses operate in the se...
18
cards
Strategy and implentation
What are internal audits,
What do internal audits do,
What are examples of external audits
8
cards
Business plans and contingency management
What is a business plan,
What are the advantages of a busi...,
What are the disadvantages of a b...
9
cards
Risk, uncertainty, and opportunity cost
What is risk,
What are the 2 types of risk,
What is risk vs reward
7
cards
Forecasting
What are the 4 components of a ti...,
What is quantitive data,
What is qualitive data
11
cards
Decision making and conflicts in decision making
What is a strategic decision,
What is a tactical decision,
What is an operational decision
5
cards
Decision Trees
What are the steps for working ou...,
Advantages,
Disadvantages
3
cards
13- The market, including non/physical markets
What is a monopoly,
What is an oligopoly,
What is perfect competition
10
cards
14- demand and supply and market forces
What are the determinants of supply,
What are the determinants of demand,
What is elasticity of demand
7
cards
15- The EU, emerging markets, and global context
What is containerisation,
What is globalisation,
What is gdp
6
cards
16- international trade and free trade
Effects of a rising exchange rate,
Affects of a fall in the exchange...,
The bank of england
9
cards
17- political, social, and ethical factors
0
cards
18- economic factors: GDP and The business cycle
What is economic decline,
What is gdp,
What is economic growth
8
cards
19- economic factors: economic policy
What is the multiplier effect,
What is fiscal policy,
What is monetary policy
5
cards
20- legal factors
What are the different types of law,
Why have law,
Examples of law governing
5
cards
21- environmental, technological, external factors and influences
What are the benefits of using te...,
What are the limitations of using...,
Advantages of computer hardware a...
6
cards
22- causes and effects of change and managing change
Examples of internal change withi...,
Examples of external change withi...,
What is anticipated change
5
cards
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Business
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