This class was created by Brainscape user Callum Allen Year 10. Visit their profile to learn more about the creator.
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Decks in this class (41)
1.1.1 Dynamic Nature is Business
Entrepreneur,
Dynamic,
Obsolete
12
cards
1.1.2 Risk and Reward
Risk,
Calculated risk,
Risks an entrepreneur may face
15
cards
1.1.3 The role of business entreprise
Products,
Services,
Need
12
cards
1.2.1 Customer Needs
4 customer needs marketing mix,
Price,
Quality
7
cards
1.2.2 Market Research
Primary research,
Prim,
Primary research disadvantage
25
cards
1.2.3 Market Segmentation
Market segmentation,
Ways to market segment,
Market mapping
3
cards
1.2.4 Competitive Environment
Usp,
Product range,
Customer service
6
cards
1.3.1 Business Aims and Objectives
Aim,
Objective,
Smart acronym
7
cards
1.3.2 Business Revenue, Costs and Profit
Revenue formula,
Revenue definition,
Total cost formula
22
cards
1.3.3 Break Even Analysis
Why is a breakeven point so impor...
1
cards
1.3.4 Cash and Cashflow
Cashflow definition,
Net cashflow formula,
Credit terms
11
cards
1.3.5 Sources of Finance
Uses of short term finance,
Overdraft,
Selling assets
11
cards
1.4.1 The options for business start ups
Limited liability,
Unlimited liability,
Sole trader
9
cards
1.4.2 Business Location
0
cards
1.4.3 The Marketing Mix
0
cards
1.4.4 Business Plans
Parts of a business plan,
Purpose of a business plan,
Target market
11
cards
1.5.1 Stakeholders
0
cards
1.5.2 Technology and Business
0
cards
1.5.3 Legislation & Business
0
cards
1.5.4 The Economy & Business
0
cards
1.5.5 The external Business Environment
0
cards
2.1.1 Business Growth
0
cards
2.1.2 Changes in Business Aims & Objectives
0
cards
2.1.3 Business & Globalisation
0
cards
2.1.4 Ethics, the Environment & Business
0
cards
2.2.1 Product
0
cards
2.2.2 Price
0
cards
2.2.3 Place
0
cards
2.2.4 Promotion
0
cards
2.2.5 Using the Marketing Mix
0
cards
2.3.1 Business Operations
What is flow production,
One advantage of flow production,
One disadvantage of flow production
19
cards
2.3.2 Working With Suppliers
Procurement,
What makes a good supplier,
Why are good suppliers important
7
cards
2.3.3 Managing Quality
Quality,
Benefits of providing high quality,
Quality control
13
cards
2.3.4 Sales Process
0
cards
2.4.1 Business Calculation
What is gross profit,
What is net profit,
Gross profit formula
12
cards
2.4.2 Understanding Business Performance
0
cards
2.5.1 Organisational Structure
0
cards
2.5.2 Effective Recruitment
0
cards
2.5.3 Effective Training & Development
0
cards
2.5.4 Motivation
0
cards
Formula
Percentage change between 2 numbers,
Total revenue,
Total costs
17
cards
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Business
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