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

Decks in this class (24)

1.1 Business activity
What are needs 1,
What are wants 2,
What is the economic problem 3
29  cards
1.2 Classification of businesses
What are the three sectors busine...,
What does the primary sector do 2,
What does the secondary sector do 3
15  cards
1.3 Enterprise, business growth and size
What is an entrepreneur 1,
What are the characteristics of s...,
Advantages of being an entreprene...
23  cards
1.4 Types of business organisation
What is a sole trader 1,
What are the advantages of a sole...,
What are the disadvantages of a s...
34  cards
1.5 Business objectives and stakeholder objectives
What are business objectives 1,
Why do businesses need objectives 2,
What are some common objectives o...
11  cards
2.1 Motivating employees
What is motivation 1,
What are the benefits of a well m...,
What is labour productivity 3
66  cards
2.2 Organisation and management
What is an organisational chart 1,
What is hierarchy 2,
What is a chain of command 3
34  cards
2.3 Recruitment, selection and training of employees
What is job analysis 1,
What is a job description 2,
What is a job specification 3
31  cards
2.4 Internal and external communication
What is internal communication 1,
What is external communication 2,
What is verbal communication 3
24  cards
3.1 Marketing, competition and the customer
What is the role of marketing 1,
How does marketing identify custo...,
What is the importance of satisfy...
29  cards
3.2 Market research
Definition market research 1,
Definition product oriented busin...,
Definition market oriented busine...
35  cards
3.3 Marketing mix
What types of products are good f...,
What is one advantage of using th...,
What is one disadvantage of inter...
39  cards
3.4 Marketing strategy
What is a marketing strategy 1,
What factors does a marketing str...,
What is a marketing objective 3
23  cards
4.1 Production of goods and services
What is production 1,
What are the four factors of prod...,
What is added value 3
49  cards
4.2 Costs, scale of production and break-even analysis
What are fixed costs 1,
What are variable costs 2,
What is the formula for total cost 3
40  cards
4.3 Achieving quality production
What is quality in business 1,
Why is quality important for busi...,
What happens if quality is not ma...
30  cards
4.4 Location decisions
What factors influence businesses...,
What is the effect of job product...,
How does large scale production i...
31  cards
5.1 Business finance: needs and sources
What is finance in business 1,
What is capital 2,
Why do businesses need capital 3
38  cards
5.2 Cash-flow forecasting and working capital
What is a liquid asset 1,
What is cash flow 2,
What is cash inflow 3
62  cards
5.3 Income statements
What are accounts 1,
Who are accountants 2,
What are final accounts 3
33  cards
5.4 Statement of financial position
What is a statement of financial ...,
What are assets 2,
What are current assets 3
20  cards
5.5 Analysis of accounts
What is the analysis of accounts 1,
What is liquidity 2,
What is an illiquid asset 3
29  cards
6.1 Economic issues
What is gdp 1,
What is the business cycle 2,
What is a recession 3
34  cards
6.2 Environmental and ethical issues
0  cards

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Business Studies

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