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Josh Sandhu
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Decks in this class (22)
Business Growth (CH 1)
Define economies of scale,
How does internal economies of sc...,
How does external economies of sc...
16
cards
Methods of Growth (CH 2)
Define organic growth internal,
Types of organic growth,
Benefits of organic growth
14
cards
Innovation (CH 3)
What can research and development...,
Competitive advantage meaning,
How to gain
17
cards
How digital economy affects markets and firms (CH 4)
Types of marketing information in...,
How is price comparison sites ben...,
Define asymmetric information
12
cards
How do small firms compete (CH 5)
How do small firms compete in com...,
Impact of small firms as monopolists
2
cards
Price Elasticity of Demand (CH 6)
Define price elasticity of demand,
Ped formula,
What s the responsiveness like wi...
8
cards
How is price decided (CH 7)
What s the different pricing stra...,
What is cost plus pricing,
What is price skimming
6
cards
Exploring marketing strategies (CH 8)
What is product differentiation u...,
What can advertising and promotio...,
Whats distribution methods and wh...
3
cards
Income elasticity of demand (CH 9)
Define yed,
Yed formula,
Yed and inferior goods relationship
8
cards
Productivity importance (CH 10)
Being more productive means same ...,
Define producitivty,
How is productivity measured
8
cards
Capacity Utilisation (CH 11)
1
cards
Lean Production (CH 12)
Define lean production,
Define quality control,
Define quality assurance
8
cards
Globalisation (CH 13)
How does globalisation rise from,
What does globalisation spread le...,
Define open economies
16
cards
Developed, Emerging and developing economies (CH 14)
Indicators of growth,
Define gdp per capita,
Limitations of gdp
14
cards
International Trade (CH 15)
Use of specialisation in producti...,
Define absolute advantage,
Benefits of specialisation in pro...
14
cards
Exchange Rates (CH 16)
Define exchange rates,
Define depreciation,
Define appreciation
9
cards
The economic cycle (CH 17)
What does the economic cycle refe...,
What happens to real output when ...,
What is the boom stage
7
cards
Circular flow of income (CH 18)
Define divdends,
Define injections,
Define injections
18
cards
Inflation (CH 19)
Define inflation,
Define deflation,
Define disinflation
16
cards
Employment and Unemployment (CH 20)
Define unemployed,
Define underemployed,
Ways of measuring of unemployment
10
cards
Possible macroeconomic objectives (CH 21)
What 4 main objectives do the gov...,
What other objectives
2
cards
Policies (CH 22)
Define fiscal policy,
Define the budget position,
Define budget surplus
20
cards
More about
Econ Theme 2
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