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Business Unit 2

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

By: Laycee Jesson
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Decks in this class (17)

2.1.1 Business growth
Why would a business want to grow,
What is economies of scale,
What is organic growth
31  cards
2.1.2 Changes in business aims and objectives
What are aims,
What are objectives,
Why may a business need to change...
6  cards
2.1.3 Business and Globalisation
What is globalisation,
What are exports,
What are imports
12  cards
2.1.4 Ethics, The Enviroment and Business
What are ethics,
How can a business be ethical,
What can high profits conflict with
10  cards
2.2.1 Product
What can a product be,
How does a business achieve a suc...,
What does the product life cycle ...
9  cards
2.2.2 Price
What are the pricing strategies a...,
What are profit margins,
What are the influences on pricin...
8  cards
2.2.3 promotion
Whatis a promotion strategy,
What promotion strategies are used,
What are the promotion strategies...
11  cards
2.2.4 Place
What is place,
What do businesses need to ensure...,
What is a distribution channel
12  cards
2.2.5 Using the marketing mix to make business decisions
How can product influence the oth...,
How can price influence the other...,
How can promotion influence the o...
6  cards
2.3.1 Business operations
What is job production,
What are the advantages of job pr...,
What are the disadvantages of job...
16  cards
2.3.2 Working with suppliers
What is stock,
What can stock be,
What is maximum stock level
16  cards
2.3.3 Managing quality
What is the definition of quality,
What can customers now do with th...,
How can a business develop a comp...
14  cards
2.3.4 The sales process
What is important within the sale...,
What must a sale person have the ...,
Why is the speed and efficiency o...
8  cards
2.5.1 Organisational structures
What are the two organisational s...,
What are the characteristics of a...,
What are the characteristics of f...
15  cards
2.5.2 Effective recruitment
Who are the main decision makers ...,
Private limited and public limite...,
What are the qualities of directors
17  cards
2.5.3 Effective training and development
What is training,
What is development,
What is formal training
11  cards
2.5.4 Motivation
What is a more motivated workforc...,
What is remuneration,
How are some people motivated fro...
9  cards

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Business Unit 2

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