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Buss 1

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

By: Poppy Luck
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Decks in this class (16)

1: Enterprise
Enterprise,
Entrepreneur,
Motives for becoming an entrepreneur
6  cards
2: Generating and protecting business ideas
Brainstorming,
Sources for business idea,
What benefits does knowing the pr...
7  cards
2: Franchises
Franchise,
Franchisor,
Franchisee
10  cards
3: Transforming resources into goods and services
Input,
Output,
Primary production
8  cards
4: Developing business plans
Business plan,
Purpose of a business plan,
Contents of business plan
6  cards
5: Conducting market research
Market research,
Primary market research,
Secondary market research
10  cards
6: Understanding Markets
Local market,
National market,
Electronic market
12  cards
7: Choosing the right legal structure for the business
Sole trader,
Advantages of being a sole trader,
Unlimited liability
17  cards
8: Raising Finance
Internal sources of finance,
Personal sources of finance,
Advantages of personal sources of...
16  cards
9: Locating the business
Factors influencing location deci...
1  cards
10: Employing people
Full time employees,
Benefits of full time employees,
Drawbacks of full time employees
12  cards
11: Calculating costs, revenues and profits
Profit,
Revenue,
Costs
7  cards
12: Using break-even analysis to make decisions
Breaking even,
Contribution,
Contribution per unit
10  cards
13: Using cash flow forecasting
Cash flow,
Liquidation,
Insolvent
16  cards
14: Setting budgets
Budgets,
Expenditure budgets,
Budget holder
10  cards
15: Assessing business start-ups
Business objectives,
Profit satisficing,
Possible objectives that might be...
7  cards

More about
Buss 1

  • Class purpose General learning

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