This class was created by Brainscape user Dee A.

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Decks in this class (43)

U1: Understanding the Nature and Purpose of Business
Definition of a business 1,
Definition of business objectives 2,
Definition of corporate objectives 3
33  cards
U1: Understanding Different Business Forms
What are sole traders 1,
What are partnerships 2,
What are private limited companie...
36  cards
U1: Understanding that Businesses Operate within an External Environment
Why do all businesses operate in ...,
What does pestle stand for 2,
Political factors 3
21  cards
U2: Understanding Management and Leadership
Definition of leadership 1,
Definition of management 2,
Difference between leaders and ma...
23  cards
U2: Understanding Management and Decision Making
What are many decisions in busine...,
What are more tactical decisions ...,
What is the scientific decision m...
25  cards
U2: Understanding the Role and Importance of Stakeholders
What is a stakeholder 1,
What are internal stakeholders 2,
What are external stakeholders 3
19  cards
U3: What is Marketing and its Objectives
What is marketing 1,
What is marketing primarily focus...,
What is marketing a form of and w...
65  cards
U3: Understanding Customers and Market
What is market research 1,
What can market prove in relation...,
What is the primary aim of market...
98  cards
U3: Segmentation, Targeting and Positioning
What is market segmentation 1,
What does segmentation allow busi...,
What does segmentation help with 3
40  cards
U3: Marketing Mix
What choices do businesses have w...,
What is the marketing mix 2,
What is the marketing mix a remin...
42  cards
U4: Setting Operational Objectives
What is operations management 1,
What is the operations process 2,
What is included in operations 3
20  cards
U4: Analysing Operational Performance
Calculations of operations data 1,
What is labour productivity 2,
What is labour productivity calcu...
12  cards
U4: Increasing Efficiency and Productivity + Lean Production and Technology
What is the definition of efficie...,
What does an efficient use of inp...,
What does lower unit costs enable 3
51  cards
U4: Quality
What is a quality product service 1,
What are the tangible measures of...,
What does intangible mean 3
24  cards
U4: Inventory Management
What does inventory mean 1,
What are the three main types of ...,
Type of inventory raw materials 3
28  cards
U4: Supply Chains
What do supply chains and supplie...,
What is a supplier 2,
What is an example of a typical s...
12  cards
U5: Setting Financial Objectives
What are financial objectives 1,
What are the benefits of setting ...,
What do all businesses face 3
36  cards
U5: Break Even Analysis
What is break even analysis 1,
What is the break even output for...,
What is contribution 3
12  cards
U5: Analysing Profits + Cash Flow Management
What are the different types of p...,
What are the ways of calculating ...,
What is the difference between pr...
41  cards
U5: Sources of Finance + Setting Budgets
What are the personal internal so...,
What are the external sources of ...,
Why and when is finance 3
24  cards
U5: Improving Cashflow and Profits
What are examples of cash inflows 1,
What are examples of cash outflows 2,
What is finance need for 3
10  cards
U6: HR Objectives and HRM approaches
What are human resource objectives 1,
What are examples of human resour...,
What is employee engagement 3
31  cards
U6: Managing the Human Resource Flow
What is the human resource flow 1,
What does the human resource flow...,
What do decisions have to match 3
29  cards
U6: Human Resource Data Analysis
What is human resource data 1,
What will human resource data hel...,
What does human resource data inc...
21  cards
U6: Motivation
What is motivation 1,
What are the motivational factors 2,
What will motivated employees wil...
17  cards
U6: Employer Employee Relations
What are employer employee relati...,
What is employee representation 2,
What do employee representation do 3
26  cards
U7: Analysing the Strategic Position of a Business
Why are objectives needed 1,
Hierarchy of objectives 2,
What is a mission statement 3
24  cards
U7: Financial Ratios
What do financial ratios help in 1,
What s the main purpose of financ...,
What do ratios allow 3
82  cards
U7: Analysing the existing internal position of a business to assess
What do firms generate a lot amou...,
What do many companies use 2,
What does big data useage involve 3
61  cards
U7: Analysing the external environment to assess opportunities and threats: political and legal change.
What role do the government play 1,
What might the government policy ...,
What are the principal economic a...
100  cards
U7: Economic Change
What is uk s economic growth meas...,
What does real gdp take into acco...,
What is economic growth character...
147  cards
U7: Social And Technological Change
What are demographics 1,
What is carried out very 10 years 2,
What are the key demographic chan...
73  cards
U7: The Competitive Market
What did michael porter do 1,
What does porter argue 2,
What is competitive rivalry 3
28  cards
U7: Investment Appraisal
What is investment appraisal 1,
What can business invest 2,
Why do businesses invest money 3
44  cards
U8: Strategic Direction Ansoff Matrix
What is strategic direction 1,
Strategic direction 2,
Influences upon strategic directi...
22  cards
U8: Stragetic Postioning
What is strategic positioning 1,
What happens once a firm has deci...,
What are the key questions of str...
35  cards
U9: Assessing a Change in Scale
What are the reasons for the busi...,
What is retrenchment 2,
Retrenchment 3
97  cards
U9: Assessing Innovation
What is innovation 1,
With the modern market what do bu...,
What is the commercial exploitati...
64  cards
U9: Assessing Internationalism
What is international trade 1,
In most countries what does trade...,
What is internationalisation 3
49  cards
U10: Managing Change
What is the business environment 1,
What is the process of change in ...,
When is change usually met 3
67  cards
U10: Organisational Culture
What is organisational culture 1,
Culture organisational history 2,
Ways of identifying culture withi...
26  cards
U10: Managing Strategic Implementation
Introduction 1,
Management considerations 2,
Strategic change 3
40  cards
U10: Problems with Strategy and Why it Fails
Problems with strategy 1,
Strategic error morrisons 2,
Strategic problems 3
41  cards

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