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Decks in this class (25)
Unit 1.1 - understanding business actitivity
What are the factors of production 1,
What is added value examples 2,
What are the 4 basic survival nee...
15
cards
Unit 1.2 - classification of businesses
What is an economy 1,
What are the 3 economic industry ...,
What 3 factors affect economic ac...
7
cards
Unit 1.3 - enterprise, business growth & size
State 6 characteristics of a succ...,
State 4 advantages disadvantages ...,
What is a business plan features 3
24
cards
Unit 1.4 - types of business organisation
State explain 2 types of unincorp...,
What does unlimited liability mean 2,
State explain 2 types of incorpor...
12
cards
Unit 1.5 - business & stakeholder objectives
What is a business objective 1,
What is a business target 2,
What is a mission statement 3
13
cards
Unit 2.1 - motivating workers
Explain maslow s hierarchy of nee...,
What are the 5 layers of maslow s...,
Explain the benefits of maslow s ...
30
cards
Unit 2.2 - organisation and management
Define organisational structure 1,
Define department 2,
Define levels of hierarchy 3
26
cards
Unit 2.3 - recruitment, selectrion & training employees
Internal vs external recruitment 1,
Describe the 7 stages of recruitm...,
State 3 factors deciding who to e...
19
cards
Unit 2.4 - internal & external communication
2 types of communication 1,
5 reasons why effective communica...,
What are 4 main types of communic...
7
cards
Unit 3.1 - marketing, competition and the customers
What is marketing 1,
What is the point of maintaining ...,
What is relationship marketing 3
17
cards
Unit 3.2 - market research
Why do businesses use market rese...,
What is primary research 2,
4 methods of primary market resea...
8
cards
Unit 3.3 - marketing mix
Define product bench marking 1,
Define cost plus pricing advantag...,
What is competitive pricing 3
38
cards
Unit 3.4 - justifying marketing strategies
Define marketing strategy 1,
What is the marketing budget what...,
5 common goals of marketing strat...
10
cards
Unit 4.1 - production of goods & services
How can businesses reduce costs 1,
Production vs productivity formula 2,
Formula for labour productivity 3
20
cards
Unit 4.2 - costs, scale of production & break-even analysis
State 7 benefits of having data a...,
Fixed costs examples 2,
Variable costs examples 3
22
cards
Unit 4.3 - achieving quality production
What are 3 effect when the goods ...,
What happens if a business sells ...,
Quality assurance 3
9
cards
Unit 4.4 - location decisions
State 5 factors affecting locatio...,
State 5 factors affecting locatio...,
State 5 factors affecting locatio...
8
cards
Unit 5.1 - needs & sources of business finance
Start up capital 1,
Finance needed for capital expend...,
Finance needed for revenue expend...
22
cards
Unit 5.2 - cash flow forecasting & working capital
Why is cash important to a busine...,
Cash flow formula 2,
State 5 sources of cash inflow 3
9
cards
Unit 5.3 - income statements
State importance of profit to 6 d...,
Cash vs profit 2,
Income statement composition 6 pa...
7
cards
Unit 5.4 - statement of financial position
Statement of financial position c...,
Current vs non current assets 2,
Current vs non current liabilities 3
6
cards
Unit 5.5 - analysis of accounts
Profitability stakeholders 1,
Gross profit margin ratio 2,
Purpose of profitability ratios 3
17
cards
Unit 6.1 - external influences on business activity
Gdp 1,
Business cycle 2,
4 stages of business cycle effects 3
18
cards
Unit 6.2 - environmental & ethical issues
State 5 negative impacts of busin...,
Social costs formula 2,
Social benefits formula 3
19
cards
Unit 6.3 - business & the international economy
How can governments encourage glo...,
Globalisation 2,
4 opportunities of globalisation ...
15
cards
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