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Decks in this class (25)
1.1 the nature and purpose of business
What are wants and needs 1,
What are goods services products 2,
Why are businesses important for ...
33
cards
1.2 business forms
What are the 2 categories of busi...,
What is a public sector 2,
What are the 3 types of public se...
25
cards
1.3 External environment
What is external environment 1,
Positive factors to the external ...,
Negative factors to external envi...
27
cards
2.1 management, leadership + decision making
Define management 1,
Define leadership 2,
What are the 4 basic functions of...
40
cards
2.2 management + decision making
What is the decision making proce...,
What are the 2 types of decisions 2,
What are programmed non programme...
14
cards
2.3 role + importance of stakeholders
What is a stakeholder 1,
What are primary stakeholders 2,
What are secondary stakeholders 3
15
cards
3.1 decision making to improve marketing performance
What is a market 1,
What are the 4 functions of busin...,
What is marketing 3
14
cards
3.2 understanding markets and customers
What is market research 1,
How can market research be used b...,
Marketing research decision makin...
30
cards
3.3 segmentation, targeting + positioning (STP)
What is segmentation 1,
How could we split segment custom...,
Common ways of categorising based...
15
cards
3.4 the marketing mix
What are the 7p s 1,
Price 2,
Product 3
48
cards
4.1 setting operational objectives
Operations function of a business 1,
Operations management involves ta...,
What is labour intensive 3
20
cards
4.2 analysing operational performance
Define productivity 1,
Define labour productivity formula 2,
Problems associated with labour p...
9
cards
4.3 Increasing efficiency + productivity
What is efficiency 1,
Why is efficiency so important 2,
Ways to improve efficiency 3
13
cards
4.4 Improving quality
What is needed for a quality oper...,
Process of improving quality 2,
Why is quality so important 3
10
cards
4.5 managing inventories + supply chains
Define inventory 1,
What are the 3 types of inventory 2,
What is just in time 3
18
cards
5.1 Setting financial objectives
Define financial objective 1,
Define cash flow 2,
Why is a positive cash flow impor...
24
cards
5.2 analysing financial performance
Define budgets 1,
Types of budget 2,
Construction of budgets needs res...
39
cards
5.3 Sources of finance
Define internal sources of finance 1,
Define external sources of finance 2,
Define short term sources of fina...
13
cards
6.1 Setting HR objectives
Hr department is responsible for 1,
What responsibilities would a hr ...,
What are hr objectives 3
10
cards
6.2 analysing HR performance
What data is available to manager...,
Labour productivity formula 2,
What affects labour productivity 3
16
cards
6.3 Improving organisational design and HR flow
What is job design 1,
What is job enlargement 2,
An example of job enlargement is ...
22
cards
6.4 improving motivation + engagement
Define motivation 1,
Define employee engagement 2,
What is the division of labour 3
30
cards
6.5 Improving Employer-employee relations
Methods of employee representation 1,
Define trade union 2,
Define collective bargaining 3
27
cards
Formulas
Revenue 1,
Total costs 2,
Profit 3
30
cards
7.1- Mission, Corporate Objectives and Strategy
Describe a mission statement 1,
What do mission statements common...,
What is the main purpose of havin...
16
cards
More about
Business (year 1)
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- Program type Unspecified
- Course Unspecified
- Instructor Unspecified
- Standards Unspecified
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