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Decks in this class (28)
1.1) why businesses exist?
State three main purposes of busi...,
Define business activity in terms...,
What does it mean to produce good...
21
cards
1.1) Business objectives
What is the relationship between ...,
Define a mission statement 2,
Give two features of an effective...
18
cards
1.1) The importance of profit
State three reasons why profit is...,
Explain profit as a financial rew...,
Explain how profit acts as a sour...
17
cards
1.2) Private sector business: Soletraders
What is meant by the private sect...,
Give three common types of privat...,
What is a sole trader 3
19
cards
1.2) Private sector businesses: companies
What is a company 1,
What does separate legal entity m...,
What is limited liability in a co...
23
cards
1.2) The public sector
What is the public sector 1,
How many people are employed in t...,
Give three examples of services t...
19
cards
1.2) Not for profit organisations
What is a non profit organisation 1,
How do non profit organisations o...,
What financial rules must non pro...
29
cards
1.2) shares and shareholders
What are shares 1,
Why do companies issue shares 2,
What do shareholders receive in r...
37
cards
1.3) competition and market conditions
What is competition in a market 1,
What is a monopoly 2,
What is an oligopoly 3
26
cards
1.3) household incomes
What is disposable income 1,
How does a rise in disposable inc...,
How does a fall in disposable inc...
18
cards
1.3) Interest rates
What is the interest rate 1,
How do lenders usually set borrow...,
What happened to uk interest rate...
15
cards
2.1) Management and leadership
What is a manager 1,
What do directors and executives ...,
What do senior managers do 3
25
cards
2.2) Management Decision-Making
What is a decision making process 1,
Why is decision making important 2,
What are the four types of busine...
27
cards
2.3) The role and importance of a Stakeholder
What are stakeholders 1,
Why are stakeholders important 2,
Who are internal stakeholders 3
27
cards
3.1) Marketing Objectives
What is the role of marketing 1,
How does marketing relate to othe...,
How can a product launch affect o...
18
cards
3.2) Understanding Markets and customers
What is marketing research 1,
Why do businesses do marketing re...,
How does marketing research help ...
37
cards
3.3) Making Marketing Decisions
What is market segmentation 1,
Why do firms segment markets 2,
What are common segmentation bases 3
21
cards
3.4) The Marketing Mix, Elements of the Marketing Mix
What is the marketing mix 1,
What is product 2,
What is price 3
18
cards
3.4) The Marketing Mix, Product Decisions
What is a product 1,
What are consumer products 2,
What are industrial products 3
22
cards
3.4) The Marketing Mix, Pricing Decisions
What influences pricing decisions 1,
How do costs affect pricing 2,
How does price elasticity affect ...
16
cards
3.4) The Marketing Mix, Promotional Decisions
What is above the line promotion 1,
What is below the line promotion 2,
What influences promotional decis...
16
cards
3.4) The Marketing Mix, People, process and the physical enviroment
What are people in the marketing ...,
Why are people important 2,
What is process in the marketing ...
18
cards
4.1) Operational Objectives
What is operations management 1,
What are operational objectives 2,
What is capacity planning 3
19
cards
4.2) Operational Performance
What is labour productivity 1,
How is labour productivity calcul...,
Why increase labour productivity 3
14
cards
4.3) Efficiency and Productivity
Why does efficiency matter 1,
What is streamlining workflow 2,
What is investing in automation 3
21
cards
4.4) Quality
What is quality 1,
What influences quality perception 2,
How does quality provide competit...
15
cards
4.5) inventory and supply chain managment
Why match supply and demand 1,
What is outsourcing 2,
What is subcontracting 3
22
cards
5.1) Setting Financial Objectives
What is the role of finance 1,
How does finance relate to other ...,
What is a financial objective 3
19
cards
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Business Studies
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