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Business revision

This class was created by Brainscape user Thomas McMahon. Visit their profile to learn more about the creator.

By: Thomas McMahon
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Decks in this class (13)

What is meant by markets ?
What is a market,
What are the 2 types of markets,
Why is market price important
13  cards
Elasticity
What is elasticity of demand,
What is the equation for elastici...,
What does a value greater than on...
6  cards
Budgets and variance
What is a budget,
Reasons for budgeting,
What is zero budgeting
12  cards
Cashflow and working capital
What is cashflow,
What are some reasons for a cashf...,
How do we find net inflows
13  cards
Ratio analysis
What is gross profit margin,
What is net profit margin,
How to calculate gpm
14  cards
Types of cost
What are fixed costs,
What are variable costs,
What are stepped fixed costs
10  cards
Added value + methods
What is added value,
What is the benefits of added value,
What are the benefits of added va...
5  cards
Productivity
What is the equation for producti...,
What is productivity,
How can we improve productivity
4  cards
Economies and diseconomies of scale
What is the benefit of economies ...,
When do diseconomies of scale ris...,
Why do businesses grow
11  cards
Capacity , utilisation and management
What is capacity utilisation,
What is capacity management,
How do you calculate capacity
8  cards
Methods of production
What is job production,
Advantages of job production,
Negatives of job production
23  cards
Lean production
What is lean production,
What is time based competition,
What is total quality management
4  cards
Internal and external quality standards
What is quality concerned about,
Why is quality important,
What is quality assurance
18  cards

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Business revision

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