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Business Theme 2

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

By: Hannah Wigmore
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Decks in this class (18)

2.1.1 Internal Finance
Why do business need finance 1,
Owner s capital personal savings 2,
Retained profit 3
5  cards
2.1.2 External Finance
Sources of external finance 1,
1 family and friends 2,
2 banks 3
15  cards
2.1.3 Liability
What forms of business ownership ...,
What is unlimited liability and w...,
What is limited liability and wha...
5  cards
2.1.4 Planning
Using a business plan to obtain f...,
Cash flow forecasts 2,
Adv disadv of cash flow forecasts 3
3  cards
2.2.1 Sales Forecasting
The purpose of sales forecasting 1,
Factors that affect sales forecas...,
Difficulties of sales forecasting 3
3  cards
2.2.2 Sales, Revenue And Costs
Calculation of sales volume sales...,
Different types of costs 2,
Calculation of fixed variable tot...
4  cards
2.2.3 Breakeven
Using contribution to calculate t...,
Margin of safety 2,
Interpretation of breakeven charts 3
4  cards
2.2.4 Budgets
The purpose of budget 1,
Types of budgets 2,
Variance analysis 3
4  cards
2.3.1 Profit
What is profit 1,
What is gross profit and how is i...,
What is operating profit and how ...
11  cards
2.3.2 Liquidity
Statement of financial position b...,
Current and non current assets cu...,
The current ratio 3
7  cards
2.3.3 Business Failure
Internal causes of business failu...,
External causes of business failu...
2  cards
2.4.1 Production, Productivity And Efficiency
What factors determine what metho...,
What is job production 2,
Advantages of job production 3
26  cards
2.4.2 Capacity Utilisation
Calculating capacity utilisation 1,
Implications of under and over ut...,
Overutilisation 3
4  cards
2.4.3 Stock Control
Definitions from stock control di...,
Buffer stocks 2,
Implications of poor stock control 3
7  cards
2.4.4 Quality Management
What do we mean by quality 1,
What is quality control and what ...,
What is quality assurance and wha...
7  cards
2.5.1 Economic Influences
The effect on businesses of chang...,
Inflation 2,
Problems caused by inflation 3
10  cards
2.5.2 Legislation
The effects of businesses of legi...,
The effects on businesses of cons...,
The effects on businesses of empl...
6  cards
2.5.3 The Competitive Environment
Competition and market size the d...,
Competition and market size the m...
2  cards

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Business Theme 2

  • Class purpose General learning

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