This class was created by Brainscape user Joel Martin. Visit their profile to learn more about the creator.
By:
Joel Martin
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Decks in this class (28)
1.1 - The nature of business
What is a mission statement,
What are corporate aims and corpo...,
What does the smart acronym mean ...
12
cards
1.2 - Understanding different business forms
Advantages of a sole trader,
Disadvantages of sole trader,
Advantages of a private limited c...
13
cards
1.3 - External environment
Name 4 external environmental fac...
1
cards
2.1 - Understanding management
In large businesses what differen...,
What factors can influence styles...,
Name and explain 2 types of leade...
6
cards
2.2 - Understanding management decision making
What is scientific decision making,
What is intuitive decision making,
Advantages of using scientific de...
12
cards
2.3 - Understanding stakeholders
What is a stakeholder map,
Give two examples of internal sta...,
Give two examples of external sta...
3
cards
3.1 - Decision making to improve marketing performance
What functional objectives might ...
1
cards
3.2 - Understanding markets and consumers
What is market growth,
What is sales growth,
What is market share and how is i...
16
cards
3.3 - Market segmentation, targeting and positioning
What is market segmentation,
Name four methods of market segme...,
What is the mass market
6
cards
3.4 - Marketing mix
Name all 7p s from the marketing mix,
State all six stages of the produ...,
Describe all types of products me...
22
cards
4.1 - Setting operational objectives
What are the four main department...,
Name four operational objective e...,
What internal factors can affect ...
4
cards
4.2 - Analysing operational performance
What is the purpose of the operat...,
What is labour productivity and h...,
Why are unit cost calculations us...
8
cards
4.3 - Increasing efficiency and productivity
What is a disadvantage of a busin...,
What is lean production,
What is just in time production
9
cards
4.4 - Improving quality
How might a business identify poo...,
How can a business measure the qu...,
When is the best time to find pro...
11
cards
4.5 - Managing inventory and supply chains
State three ways of managing supply,
What is the impact of producing t...,
Why is flexibility important in a...
6
cards
5.1 - Financial objectives
What is roi return on investment ...,
Give two examples of potential fi...,
State possible influences on fina...
3
cards
5.2 - Analysing financial performance
What is a cash flow forecast and ...,
What is budgeting,
State three examples of budgeting
20
cards
5.3 - Sources of finance
State three internal sources of f...,
Name five external sources of fin...,
What factors affect the methods o...
3
cards
5.4 - Improving cash flow and profits
How can a business improve profit...,
What are the challenges of improv...,
How can a business improve cash flow
4
cards
6.1 - Human resource objectives
State some examples of human reso...,
Whats the difference between hard...,
Advantages and disadvantages of h...
5
cards
6.2 - Analysing human resource performance
What is labour turnover and how i...,
Advantages and disadvantages of s...,
What is labour retention and how ...
6
cards
6.3 - Improving organistional design
What is job design and what does ...,
Factors that can influence job de...,
What is job enlargement
12
cards
6.4 - Improving motivation and engagement
What is taylor s theory on motiva...,
Advantages and disadvantages to t...,
What is maslow s theory on motivtion
9
cards
6.5 - Improving employer-employee relations
State a method of employee repres...,
Advantages and disadvantages of e...,
State two ways to improve employe...
4
cards
7.1 / 7.2 - Analysing strategic position of a business
What is swot analysis,
What is return on capital employe...,
What is current ratio and how is ...
6
cards
7.3 - Overall performance
Give three examples of non financ...
1
cards
9.2 - Innovation
What is innovation,
What department can help drive in...,
Benefits of innovation
20
cards
10.2 - Organisational culture
What were the four main classific...,
Define power culture,
Define role culture
10
cards
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