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Sam McClenahan
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Decks in this class (54)
BS2- Forcasting
What is forecasting,
What can forecasts be made about,
List 3 reasons why forecasts are ...
11
cards
BS2- Decision Making
Define a strategic decision,
Define a tactical decision,
Define an operational decision
11
cards
BS2- Risk And Uncertainty
Define a business risk,
List three possible risks faced b...,
What is calculated risk
11
cards
BS2- Business Palns
What is a business plan,
4 things included in a business plan,
What are the benefits of a busine...
6
cards
BS2- Contingency Planning And Crisis Managment
What is contingency planning,
What is the main aim of contingen...,
What are the four stages in conti...
10
cards
BS2- Mission Statements
What is a mission statement,
Define the term business aim givi...,
Feline the term strategic objecti...
6
cards
BS3- competition and market dominance
What is competition,
Outline why competitive markets h...,
Identify two other features of a ...
11
cards
BS3- Competition And Market Dominance
Outline why contracts with suppli...,
Outline why contracts with suppli...,
Identify two impact to a business...
11
cards
BS3- Demand And Supply
Identify the definitions for dema...,
If their is an excess demand in a...,
What happens to demand when price...
11
cards
BS3- External Influences- STEEPLE (ethical)
What is ethics,
Three examples of unethical behav...,
How may acting ethically help a b...
11
cards
BS3- Extenal Influences- Steeple (economic)
State what gdp stands for,
What is meant by economic growth,
Identify three ways that the gove...
11
cards
BS3- External Influences - Steeple (economic 2)
What is meant by interest rates,
The banks of england increases in...,
The bank of england decreases int...
11
cards
BS3- External Influences - Steeple (economic 3)
Explain the difference between di...,
State two examples of direct taxa...,
Outline how raising tax revenue t...
11
cards
BS3- The Business Cycle
Explain what is meant by the busi...,
Draw and label the business cycle,
Describe two stages of the recove...
11
cards
BS3- External Influences- STEEPLE (legal)
Sate the type of permission that ...,
Outline three features of the con...,
Outline two features of the data ...
11
cards
BS3- International Trade And Free Trade
Explain what is mean by internati...,
Outline why international trade i...,
Identify two other reasons that a...
11
cards
BS3- Internstional And Free Trade
What is meant by a trading bloc,
Identify three examples of tradin...,
Outline two advantages of a busin...
8
cards
BS4- Case And Effect Of Change
State four causes of change,
Explain the difference between in...,
Explain with an example what is m...
11
cards
BS4- Managing Change
What is meant by change management,
State two reasons that effective ...,
Outline how acas can help a busin...
17
cards
BS5- Sourcesof Finace
What is factoring,
What are the benefits and drawbac...,
What is hire purchase
20
cards
BS5- Accounting Concept
Define accounting,
What are the two main categories ...,
What does financial accounting co...
9
cards
BS5- Costs, Revnue And Profits
What are fixed costs,
Give three examples of fixed costs,
What are variable costs
16
cards
BS5- Cash Flow
What is cash flow,
Why business s produce a cash flo...,
Identify 3 types of cash inflows
8
cards
BS5- Income Statement
What does an income stamens show,
What is a income statement also k...,
Define revenue turnover
8
cards
BS5- Break Evem Analysis
What is break even analysis,
What data is needed to work out t...,
How do you calculate contribution...
7
cards
BS5- Budgets And Variance
What are budgets,
List 3 reasons why managers use b...,
Identify 3 principles for good bu...
11
cards
BS6- Opganisation Part 1
Explain what is meant by the key ...,
State what is meant by span of co...,
State two benefits of a wide span...
11
cards
BS6- Opganisation Part 2
State what is meant by organisati...,
Identify and explain one drawback...,
Explain what is meant by organisa...
11
cards
BS6- Selection
State what is meant by selection,
Identify one advantage and one di...,
Outline two reasons that a busine...
11
cards
BS6- Appraisal And Workfrce Performance
Explain what is meant by the key ...,
Identify and explain one benefit ...,
Identify three sections that are ...
11
cards
BS6- Culture And Workfore Plannig
State what is meant by workplace ...,
State three physical indicators o...,
Explain the importance of values ...
11
cards
BS6- Communication
Outline three reasons that effect...,
Identify and explain two impacts ...,
Explain the difference between ve...
10
cards
BS6- Flexible Working Practices
Summarise the practice of flexi time,
Outline how flexi time might lead...,
Identify one advantage and one di...
11
cards
BS6- Redundancy And Dismissal
State what is meant by a grievance,
Identify two reasons that a emplo...,
Explain the role of employment tr...
10
cards
BS7- Promtion
Identify what is meant by the key...,
State the definition for above th...,
Identify one advantage and one di...
11
cards
BS7- Promtion 2
Explain how branding can be used ...,
Outline one way in which promotio...,
State what is meant by viral mark...
11
cards
BS7- Price
State the definition of the key t...,
Describe what is meant by price s...,
A business is using cost plus pri...
10
cards
BS7- Product
Explain how branding and usp can ...,
Outline for stage of the project ...,
Describe two reasons why a busine...
9
cards
BS7- Place
Outline what is meant by place,
Explain the role of the wholesaler,
Explain two reasons of the busine...
11
cards
Bs7- Anticipating Customer Needs
Distinguish between impulse and p...,
Distinguish between niche and mas...,
Identify one advantage and one di...
11
cards
BS7- Marketing Models
Identify the meaning of the acron...,
Describe how the aida model works,
Describe aida is used for single ...
11
cards
BS8- Productivity
How do you calculate productivity...,
What is labour productivity,
Plain white labour productivity i...
7
cards
BS8- Internal Quality Standards
What is quality concerned with,
List 3 reasons why qualify is imp...,
What is quality assurance
11
cards
BS8- Stock Control
What is stock control and how is ...,
What are the 3 types of stock held,
Define re order level
11
cards
BS8- Added Value
What is added value,
How can added value be calculated,
List three ways a business can ad...
6
cards
BS8- Project Managment
What is critical path analysis,
What does est and lft stand for,
State two advantages of using cri...
11
cards
BS8- Lean Production
What is lean production,
What is kaizen,
Identify the possible benefits an...
11
cards
BS8- Lean Production
What is jidoka,
Identify,
What is kanban just in time
4
cards
BS1- Enterprise
Identify what is meant by key ter...,
Identify what is meant by the key...,
Identify 4 characteristics of an ...
11
cards
BS1- Business Sectors And Types Of Business
Distinguish between a primary sec...,
Distinguish between private publi...,
Distinguish between local nationa...
11
cards
BS1- Business Sectors And Types Of Business
Explain why financial privacy is ...,
Explain what is meant by a limite...,
Distinguish between limited liabi...
11
cards
BS1- Types Of Business And Franchises
Identify two differences between ...,
Explain one reason that a busines...,
Explainable reason that a busines...
11
cards
BS1- Franchise And Co-operatives
Two other disadvantages of a fran...,
Identify two disadvantages of fra...,
State two reasons of the franchis...
11
cards
BS1- Business Size And Growth
Explain how the number of employe...,
Stage three other factors that ca...,
Distinguish between a small mediu...
11
cards
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