This class was created by Brainscape user Cadence the great ape the great ape.
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Cadence the great ape the great ape
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Decks in this class (22)
Unit 1.1 Business Activity
What is a business 1,
Economic problem 2,
Factors of production 3
17
cards
Unit 1.2 Classification of Businesses
Primary sector 1,
Secondary sector 2,
Tertiary sector 3
16
cards
Unit 1.3 Enterprise Business Growth and Size
Entrepreneur 1,
Characteristics of an entrepreneur 2,
Benefits of starting a business 3
27
cards
Unit 1.4 Types of Business Organisations
Sole trader 1,
Sole trader advantages 2,
Sole trader disadvantages 3
23
cards
Unit 1.5 Business and Stakeholder Objectives
Business objective 1,
Benefits of setting business obje...,
Different business objectives 5 3
16
cards
Unit 2.1 Motivating Employees
Motivation 2 1,
Main reasons why people work 5 2,
Factors affecting worker motivati...
29
cards
Unit 2.2 Organisation and Management
Organisation structure 2 1,
Organisational chart 2,
Advantages of an organisational c...
3
cards
Unit 2.3 Recruitment, Selection and Training of Employees
0
cards
Unit 2.4 Internal and External Communication
0
cards
Unit 3.1 Marketing, Competition and the Customer
Marketing definition 1,
Role of marketing 4 2,
Objectives of marketing 4 3
21
cards
Unit 3.2 Market Research
Process of market research 5 steps 1,
Product orientated business 2,
Market orientated business 3
11
cards
Unit 3.3 Marketing Mix
Marketing mix definition 2 1,
4 parts of the marketing mix 2,
Developing new products advantage...
28
cards
Unit 3.4 Marketing Strategy
What makes an effective marketing...,
Businesses emphasize on different...,
Why do businesses want to underst...
11
cards
Unit 4.1 Production of Goods & Services
Production 1,
Productivity 2,
3 factors affecting labour produc...
31
cards
Unit 4.2 Costs, scale of production and Break Even
Fixed costs 1,
Variable costs 2,
Average costs formula 3
31
cards
Unit 4.3 Achieving Quality Production
Quality definition 1,
Importance of quality 5 2,
Poor quality disadvantages 3 3
13
cards
Unit 4.4 Location Decisions
Why is location important 1,
Factors affecting the location of...,
Factors affecting the location of...
7
cards
Unit 5.1 Business Finance
Finance definition 1,
Why do businesses need finance 5 2,
Working capital 3
52
cards
Unit 5.2 Cash Flow Forecasts & Working Capital
Cash flow definition 1,
Cash flow forecast 2 2,
Net cash flow definition 3
21
cards
Unit 5.3 Income Statements
Income statement definition 1,
Profit formula 2,
Importance of profit 3 3
9
cards
Unit 5.4 Statement of Financial Position
Blank 1,
Statement of financial postition 2,
The accounting equation 3
14
cards
Unit 5.5 Analysis of Accounts
Manager s use of accounts 3 1,
Shareholders use of accounts 3 2,
Creditors and supplier s use of a...
23
cards
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Business Studies
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