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

Decks in this class (21)

TOPIC 1 - THE NATURE OF BUSINESS
0  cards
types of businesses
Definition of business 1,
Sole trader 2,
Geographical spread 3
7  cards
5 economic sectors
Primary 1,
Secondary 2,
Tertiary 3
5  cards
legal structure
What are the 5 types of legal str...,
Sole trader 2,
Partnership 3
6  cards
factors influencing legal structure
What are the 3 factors that influ...,
Size of business 2,
Ownership 3
4  cards
influences in the business environment
External influences 1,
Internal influences 2
2  cards
business growth and decline
What are the stages of life of a ...,
Why do businesses decline 2,
What is cessation 3
5  cards
stages of the business life cycle
What are the four stages in the b...,
Establishment 2,
Growth 3
6  cards
TOPIC 2 - BUSINESS MANAGEMENT
0  cards
nature of management
What is management 1,
What does effective management en...,
What skills are essential for eff...
19  cards
management approaches
Classic autocratic 1,
Classic business structure 2,
Classic management style 3
7  cards
management process (four functions of a business)
What is 1 operations 1,
What is 2 marketing 2,
What is 3 finance 3
19  cards
management and change
What is change 1,
What are external influences on a...,
What are internal influences on a...
4  cards
marking criteria assessment 2
Internal factors on a business 1,
External factors on a business 2,
Whats interdependance 3
20  cards
TOPIC 3 - BUSINESS PLANNING
0  cards
SME
What is an sme 1,
Role of an sme 2,
Economic contribution of sme s 3
5  cards
influences in establishing an sme
What are the 9 influences in esta...,
Blank 2
2  cards
the business planning process
What is a business plan 1,
Why develop a business plan 2,
What are the 9 elements needed in...
31  cards
other random questions
Advantages to being a sole trader 1,
Disadvantages to being a sole tra...,
Disadvantages to being a private ...
19  cards
critical factors in business success and failure
What are the 7 factors that contr...,
1 what is a business plan 2,
1 why is a business plan important 3
16  cards
market segmentation
What is market segmentation 1,
What are the four types of market...,
What is geographic market 3
6  cards

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business studies

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