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Decks in this class (72)
UNDERSTANDING BUSINESS
0
cards
needs, wants, goods, services and consumption
Definition of a need 1,
Definition of a want 2,
Definition for a good 3
5
cards
the cycle of business
What is the first stage in the cy...,
What is the second stage in the c...,
What is the third stage in the cy...
4
cards
factors of production
Explain land 1,
Explain labour 2,
Explain enterprise 2
4
cards
chain of production
Defintion for chain of production 1
1
cards
sectors of industry
Defintion for primary sector 1,
Definition for secodnary sector 2,
Definition for tertiary sector 2
3
cards
sectors of economy
What are the 3 types of sectors o...,
Explain the private sector 2,
Explain the public sector 3
4
cards
private sector
What are the 3 types of organisat...,
Who are sole traders controlled by 2,
Who are sole traders owned by 3
19
cards
aims of the private sector
What are the 7 aims of the privat...,
Explain profit maximisation 2,
Explain achieving quality 3
8
cards
public sector
Who are public sector organisatio...,
Who are public secotr organisatio...,
How are public sector organisatio...
8
cards
aims of the public sector
What are the 5 aims if the public...,
Explain how to make the best use ...,
Explain quality of service 3
6
cards
third sector
What are the 2 types of organisat...,
Who are charities controlled by 2,
Who are charities owned by 3
11
cards
aims of the third sector
What are the 5 aims of the third ...,
Explain increase funds 2,
Explain provision of service 3
6
cards
socail enterprises - third sector
What is a social enterprise 1,
Who are social enterprises owned ...,
Who are they controlled by 3
7
cards
customer satisfaction
How can businesses ensure custome...,
How do organisations know if cust...,
What are benefits of satsfying cu...
3
cards
internal factors
What is the definition of interna...,
What are the 3 descriptions of in...,
Explain avalability of finance 3
8
cards
external factors PES
Give the definition for an extern...,
What does pestec stand for 2,
Give a definition for political 3
15
cards
external factors TEC
Give a defintion for technoligcal 1,
What are examples of technologica...,
Give a defintion for enviromental 3
7
cards
stakeholders
What is a stakeholder 1,
Explain an internal stakeholder 2,
Explain an external stakeholder 3
5
cards
private sector stakeholders
What are the two types of interna...,
What are shareholders owners inte...,
What are shareholders owners infl...
16
cards
public sector stakeholders
What is the one internal public s...,
What interest do employees have i...,
What are the 3 external public se...
9
cards
third sector stakeholders
What are the two internal third s...,
What interest do a board of trust...,
What influence do a board of trus...
12
cards
skills and qualities of an entrepenuar
What is an entrepreneur 1,
What are skills 2,
What are qualities 3
5
cards
business plans
What is a business plan 1,
What is the content involved in a...,
What is the purpose of creating a...
3
cards
field research methods
Personal interview 1,
Telephone survey 2,
Postal survey 3
6
cards
desk research methods
What are the 5 desk research meth...
1
cards
MARKETING
0
cards
the role of marketing
What things do marketing involve 1
1
cards
marketing key terms
What are the four key terms 1,
Explain market 2,
Explain market share 3
5
cards
customers and market segments
What is a market segment 1,
What are 6 examples of market seg...,
Explain age examples 3
8
cards
market research
What is the definition of field r...,
What are advantages of field rese...,
What are disadvantages of field r...
6
cards
field research methods
What are the 6 field research met...,
Definition for a telephone survey 2,
What are advantages of a telephon...
19
cards
the 4 ps
What does marketing mix mean 1,
What are the 4 ps 2,
Explain product 3
6
cards
product development (GAPTAP)
What is the name given to the ser...,
What does the g in gaptap stand f...,
Explain generate the idea 3
13
cards
branding
What is a branding 1,
What are advanhtages of branding 2,
What are disadvantages of branding 3
3
cards
own brands
What are own brands 1,
What are features of own brands 2
2
cards
packaging
Why is packaging important 1,
What are advantages of packaging 2,
What are disadvantges of packaging 3
3
cards
product lifecycle
What are the five product lifecyc...,
What 4 are included in the produc...,
Explain research and development 3
7
cards
price
What factors can affect the setti...,
What are the 7 pricing strategies...,
Explain low price 3
9
cards
place
What are the 7 factors affecting ...,
How can where the customer is loc...,
How can cost and availibility of ...
18
cards
promotion
What are the 9 types of promotion...,
Explain special offers 2,
Explain loyalty cards 3
10
cards
advertising
What is advertising 1,
What are informative adverts 2,
What are persuasive adverts 3
22
cards
ethical marketing
What is ethical marketing 1,
Who are the asa and their criteria 2
2
cards
technololgy
How can technology help a business 1,
What are the 6 tehcnoology types ...,
Explain spreadsheets 3
8
cards
e-commerce
What is e commerce 1,
What are advantaqges of e commerc...,
What are disadvantages of e comme...
5
cards
operations
0
cards
what is operations?
What is operations 1
1
cards
IPO
What does ipo mean 1,
Explain input 2,
Explain proccess 3
4
cards
the supplier
What 9 factors can affect the cho...,
Description and justification of ...,
Description and justification of ...
10
cards
inventory mamnagement
What 2 things should businesses t...,
Explain what understocking means 2,
What are the consequences of unde...
5
cards
inventory record keeping
Why is inventory record keeping g...,
Explain what manual record keepin...,
Explain what computerised record ...
4
cards
inventory control diagram
What are the 5 parts in the diagr...,
Explain maximum inventory level 2,
Explain minimum inventory level 3
7
cards
methods of production
What are the 3 methods of product...,
What if the description for job p...,
What are the advantages of job pr...
10
cards
factors affect the choice of job,batch or flow
What factors can affect the choic...,
Explain finance available 2,
Explain skill or staff 3
6
cards
why use technology in production?
Advantages of using technology in...,
Disadvantages of using technology...
2
cards
quality
What are the 7 ways to making sur...,
Explain quality inputs 2,
Explain quality control 3
8
cards
why is quality so important?
Advantages of ensuring quality 1,
Disadvantages of ensuring quality 2
2
cards
ethics and the environment
What does being ethical in a busi...,
What are the advantages of being ...,
What are disadvantages being an e...
7
cards
explain fsctord to consider when choosing a supplier(model asnwer)
Explain factors to consider when ...
1
cards
technology (O)
What are the 7 types of technolog...,
What does computer aided design m...,
What does computer aided manufact...
8
cards
management of people
0
cards
recruitment and selection
What does recruitment mean 1,
What does selection mean 2,
What are the 6 steps in the recru...
30
cards
training
What are the benefits of training 1,
What are the 3 types of training 2,
What are the costs of training 2
19
cards
motivating and retaining
What are the 6 financial incentiv...,
Definition of increased salary 2,
Definition of time rate 3
28
cards
legislation
What are the 5 pieces of legislat...,
Explain what the equality act 201...,
Explain what the health and safet...
6
cards
technology
What are the 6 types of technolog...,
Definition of what database is us...,
Definition of what word processin...
7
cards
managment of finance
0
cards
sources of finance
What are the 10 sources of finance 1,
Description of owner s equity per...,
Advantages of owners equity perso...
30
cards
break even
Definition of break even 1,
How is the total cost calculated 2,
Definition of fixed costs 3
13
cards
cash budgeting
What does cash budgeting do for a...,
What is the purpose of cash budge...,
How does a business generate cash 3
6
cards
income statement
What are the two ways to calculat...,
What will the amount of profit a ...,
How can a business make a loss 3
10
cards
technology (F)
What are the 6 types of technolgo...,
Definition of spreadsheets 2,
Advanatages of using spreadsheets 3
8
cards
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