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Decks in this class (24)
growth
Reasons for growth 1,
What is economies of scale 2,
What is internal economies of sca...
20
cards
methods of growth
What is organic growth 1,
What is inorganic growth 2,
What is a merger 3
9
cards
research and development and innovation
Incentive to increase market power 1,
Product innovation 2,
Process innovation 3
15
cards
how digital economy affects markets and firms
What is the digital economy 1,
What is structural change 2,
What are price comparison sites 3
17
cards
how small firms compete
What is a usp 1,
What is advertising 2,
What is product differentiation 3
7
cards
price elasticity of demand(PED) and relationship between PED and total rev
What is elasticity 1,
What is price elasticity of demand 2,
The significance of price elastic...
24
cards
competing on price
What is a pricing strategy 1,
What is cost plus pricing 2,
What is price skimming 3
15
cards
types of non price competition
Impact of marketing on the demand...,
How does product differentiation ...,
How can advertising be used 3
6
cards
income elasticity of demand (YED)
What is income elasticity of dema...,
Yed formula 2,
What is meant by income elastic 3
12
cards
productivity
What is productivity 1,
What is labour productivity 2,
Labour productivity formula 3
11
cards
capacity utilisation
What is capacity utilisation 1,
What is meant by full capacity 2,
What is meant by spare capacity 3
8
cards
efficiency and competitiveness using lean production
What is meant by efficiency 1,
What is lean production 2,
What is quality control 3
19
cards
impact on costs and sales revenue
How does lean production minimise...,
How does lean production impact c...,
What does production development ...
4
cards
globalisation
What is globalisation 1,
What is foreign direct investment...,
Characteristics of globalisation ...
15
cards
developed, emerging and developing economies
What does brics stand for 1,
Growth rate of the uk and bric 2,
Brics key notes china 3
18
cards
International trade
What is specialisation 1,
Specialisation in international t...,
Advantages of specialisation 3
21
cards
exchange rate
Changes in exchange rates 1,
Impact of changing exchange rates...,
Interpretation of exchange rate d...
4
cards
the economic cycle
What is the economic cycle 1,
What is on an economic cycle 2,
Characteristics of a boom 3
14
cards
circular flow of income, expenditure and output
What is the circular flow of inco...,
What is a leakage 2,
What is an injection 3
18
cards
inflation
What is disinflation 1,
What are price indices 2,
Interpreting price indices 3
19
cards
employment and unemployment
What is unemployment 1,
What is employment 2,
What is underemployment 3
17
cards
possible macroeconomic objextives
What is a macroeconomic policy 1,
Economic growth 2,
Low unemployment 3
7
cards
policy instruments
What are the 3 policies 1,
How does an increase in national ...,
How does a decrease in national i...
25
cards
potential policy conflicts and trade- offs
Conflict between inflation and un...,
Conflicts between economic growth...,
Issues gov face in managing the m...
5
cards
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economics theme 2
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