Business Studies

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

Decks in this class (28)

1.1 Business Activity
What are needs and wants,
What is scarcity,
What is opportunity cost
7  cards
1.2 Classification of business
What are the three sectors in whi...,
What is a mixed economy,
What is a private enterprise
5  cards
1.3 Enterprise, business growth and size
What are the characteristics of a...,
What is a business plan what does...,
Why does the government support b...
10  cards
1.4 Types of business organisation
What is a sole trader,
Name the advantages and disadvant...,
What is a partnership
18  cards
1.5 Business objectives and stakeholder objectives
Why are business objectives impor...,
What are some possible business o...,
What are the objectives of social...
7  cards
2.1 Motivating workers
Why do people work,
What is motivation,
What does herzbergs motivational ...
12  cards
2.2 Organisation and management
What is an organisational structure,
Hierarchy,
Line managers
24  cards
2.3 Recruitment, selection and training of workers
Describe the methods of recruitin...,
Internal recruitment,
External recruitment
20  cards
2.4 Internal and external communication
Why is communication important,
Why is effective communication im...,
Oral communication
13  cards
3.1 Marketing, competition and the customer
What are the roles of marketing,
Why do customer consumer spending...,
What is customer loyalty
12  cards
3.2 Market research
What are the uses of market resea...,
What is primary research,
Benefits limitations of primary r...
9  cards
3.3.1 Marketing Mix - Product
What are the costs of developing ...,
What are the benefits of new prod...,
What is brand image
13  cards
3.3.2 Marketing Mix - Price
What are the different types of p...,
What is price skimming,
Advantages disadvantages of price...
13  cards
3.3.3 Marketing Mix - Place
What is a channel of distribution,
Name the advantages disadvantages...,
Name the advantages disadvantages...
5  cards
3.3.4 Marketing Mix - Promotion
What is promotion,
What are the purposes of promotion,
What are the methods of promotion
9  cards
3.3.5 Marketing Mix - Technology and the marketing mix
What are the opportunities of e c...,
Opportunities of e commerce to bu...,
Threats of e commerce to business...
3  cards
3.4 Marketing strategy
What are legal controls,
What are the purposes of legal co...,
What are the opportunities of ent...
10  cards
4.1 Production of goods and services
How to manage resources effective...,
Productivity,
How to calculate productivity
24  cards
4.2 – Costs, Scale of Production and Break-even Analysis
What are fixed costs,
What are variable costs,
What are the total cost formulas
22  cards
4.3 – Achieving Quality Production
What is quality,
Why is quality important,
What happens if there is no quality
14  cards
4.4 – Location Decisions
When do you decide on location,
Why is location important,
What factors affect the location ...
3  cards
5.1 – Business Finance: Needs and Sources
What is finance,
What is start up capital,
What is working capital
41  cards
5.2 – Cash Flow Forecasting and Working Capital
Why is cash important,
What is the cash flow of the busi...,
What are cash inflows
21  cards
5.3 – Income Statements
What are accounts,
What are final accounts,
What is profit
15  cards
5.4 – Balance Sheets
What is a balance sheet,
What are assets,
What are fixed non current assets
13  cards
6.1 – Government Economic Policies and Objectives
What are the five main economic o...,
What are the effects of high infl...,
What are the effects of high unem...
15  cards
6.2 – Environmental and Ethical Issues
Social responsibility,
Why businesses want to be environ...,
Why businesses dont want to be en...
9  cards
6.3 – Business and the International Ecoonmy
What is globalization,
What are the reasons for globalis...,
What are the advantages of global...
16  cards

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Business Studies

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