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Decks in this class (47)
2.1.1 Growth
Why do businesses aim to grow 1,
What is the main outcome of incre...,
Why do shareholders want growth 3
36
cards
2.1.2 Methods of growth
Define organic growth 1,
Define merger 2,
Define inorganic growth 3
16
cards
2.1.3 R&D and innovation
What is r d 1,
R d plays a crucial role in maint...,
What is product innovation 3
15
cards
2.1.4 How the digital economy affects markets and firms
What is the digital economy 1,
How does the digital economy affe...,
How does the digital economy affe...
12
cards
2.1.5 How small firms compete
Why do small firms often survive ...,
What are niche products 2,
What is flexibility in small firms 3
10
cards
2.2.1 Price elasticity of demand
What is elasticity 1,
What is price elasticity of demand 2,
How does ped effect marketing for...
22
cards
2.2.2 Competing on price
What is a pricing strategy 1,
How does brand loyalty influence ...,
What s cost plus pricing 3
14
cards
2.2.3 Types of non-price competition
Define non price competition 1,
Define sales promotion 2
2
cards
2.2.4 Income elasticity of demand
Define yed 1,
Formula for yed 2,
What is income elastic 3
11
cards
2.3.1 Productivity
What is productivity 1,
Formula for labour productivity 2,
Production vs productivity 3
8
cards
2.3.2 Capacity utilisation
What is full capacity 1,
What is spare capacity 2,
What is capacity utilisation 3
10
cards
2.3.3 Efficiency and competitiveness using lean production
Define efficiency 1,
What s lean production 2,
What is just in time 3
20
cards
2.3.4 Impact on costs and sales revenue
What is time based management 1,
What is product development lead ...,
Benefits of short product develop...
3
cards
2.4.1 Globalisation
What is globalisation 1,
What is fdi 2,
Negatives of globalisation 3
11
cards
2.4.2 Developed, emerging and developing economies
What is brics 1,
What is gdp per capita 2,
Why may gdp per capita not be a g...
12
cards
2.4.3 International trade
What is specialisation 1,
Advantages of specialisation 2,
What are free trade areas 3
13
cards
2.4.4 Exchange rates
Define exchange rates 1,
The impact of changing exchange r...,
What are people incentivised to d...
3
cards
2.5.1 Economic cycle
What is the economic cycle 1,
What is a boom 2,
What is a townturn 3
10
cards
2.5.2 Circular flow of income, expenditure and output
What does the circular flow of in...,
What is an injection 2,
What is a leakage 3
12
cards
2.5.3 Inflation
Define inflation 1,
Define disinflation 2,
What are price indicies 3
14
cards
2.5.4 Employment and unemployment
Whats employment 1,
What is unemployment 2,
What is underemployment 3
13
cards
2.6.1 Possible macroeconomic objectives
What is a macro economic policy 1,
What are the 4 principle economic...,
Why is economic growth a possible...
7
cards
2.6.2 Policy instruments
The government tries to achieve i...,
What is a contractionary policy 2,
What are expansionary policies 3
13
cards
2.6.3 Potential policy conflicts and trade-offs
Potential macro economic conflicts 1,
What is a negative output gap 2,
Whats a positive output gap 3
5
cards
3.1.1 Growing economies
What is offshoring 1,
What has happened to the gdp of t...,
Effect of economic growth for ind...
15
cards
3.1.2 Trade and growth
What are tariffs 1,
What is trade liberalisation 2,
What does the wto do 3
12
cards
3.1.3 Trading blocs
What is a trade bloc 1,
What are free trade areas 2,
What are common markets 3
9
cards
3.1.4 Trade policy and trade negotiations
What is protectionism 1,
What are trade barriers 2,
Draw a supply demand diagram for ...
11
cards
3.1.5 The impact of exchange rate change
What is current account of the ba...,
Blank 2,
What is depreciation 3
7
cards
3.2.1 Economic factors in business expansion
What is market saturation 1,
What are emerging economies 2,
What is economies of scale 3
5
cards
3.2.2 assessing the potential of different economies
Factors influencing expansion int...,
What is the ease of doing busines...,
What is infrastructure 3
5
cards
3.3.1 Responding to global demand
What is globalisation 1,
What is glocalisation 2,
What is an ethnocentric model 3
6
cards
3.3.2 Demand-side factors in global markets
What are social and cultural diff...,
What is a joint venture 2,
What is a mass market 3
5
cards
3.4.1 Impact of globalisation on local and national economies
What is a mnc 1,
Impact of mncs on employment 2,
Negatives of mncs on the local ec...
7
cards
3.4.2 Ethical issues
What is a stakeholder 1,
What is a stakeholder conflict 2,
What is ethical decision making 3
7
cards
3.4.3 Controlling MNCs
What are pressure groups 1,
What is a trade union 2,
How do pressure groups have an im...
6
cards
3.5.1 Employment paterns
What has been the general trend o...,
What is structural change 2,
What is labour mobility 3
3
cards
3.5.2 Wage rates
Factors influencing the supply of...,
Factors influencing demand for la...,
What is derived demand 3
6
cards
3.5.3 Minimum wage legislation
What is the minimum wage 1,
Why do we need minimum wages 2,
Why are minimum wages not higher ...
8
cards
3.6.1 Poverty and inequality
What is relative poverty 1,
What is absolute poverty 2,
What is the gini coefficient 3
4
cards
3.6.2 Reducing poverty
What is economic growth 1,
What is economic development 2,
What are the 2 forms of aid 3
8
cards
3.6.3 The impact of inequality on economic agents
Cost of poverty to individuals an...,
Cost of poverty to society 2,
Impact of inequality and poverty ...
4
cards
3.6.4 Re-distribution of income and wealth
What is income 1,
What is wealth 2,
What is income tax 3
8
cards
4.1.1 Spectrum of competition
Define market structure 1,
What is the concentration ratio u...,
Formula for concentration ration ...
16
cards
4.2.1 Market failure
Define collusion 1,
Define cartels 2,
Blank 3
3
cards
keywords theme 3
Absolute poverty 1,
Aid 2,
Balance of payments 3
65
cards
keywords theme 2
Aggregate demand 1,
Aggregate supply 2,
Appreciation 3
103
cards
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