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

Decks in this class (15)

Enterprise
What is enterprise,
What is a entrepreneur,
What are the four factors of prod...
9  cards
Generating and protecting business ideas
What is a franchise,
Advantages of a franchise,
Disadvantages of a franchise
11  cards
Transforming resources into goods and services
What is input,
What is output,
What is added value
5  cards
Developing Business Plans
What is a business plan,
What are the four main parts of a...,
Sources of help and guidance for ...
5  cards
Conducting start-up market research
What is primary market research data,
What is secondary market research...,
What is random sampling
9  cards
Understanding markets
What is local markets,
What is national markets,
What is electronic market
11  cards
Choosing the right legal structure for the business
What is unlimited liability,
What is limited liability,
Factors affecting choosing the le...
5  cards
Raising finance
What is a overdraft,
Advantages of an overdraft,
Disadvantages of an overdraft
9  cards
Locating the business
What is a stakeholder,
What is teleworking,
Advantages of teleworking
4  cards
Employing people
What is a full time employee,
Advantages of full time employees,
Disadvantages of full time employees
8  cards
Calculating costs, revenue and profit
What is profit,
Equation for profit,
What are costs
8  cards
Using break even analysis to make decisions
What is contribution,
What is contribution per unit,
Equation for total contribution
5  cards
Using cash flow forecasting
What is cash flow,
What is liquidation,
What is insolvent
11  cards
Setting budgets
What is a budget,
What is a expenditure budget,
What is a income budget
7  cards
Assessing Business start ups
What are business objectives,
What is profit satisficing,
What is smart objectives
3  cards

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BUSS1

  • Class purpose General learning

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