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ITZ SLEEPY
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Decks in this class (34)
Why Businesses Exist
What do businesses supply 1,
What do businesses sell 2,
What types of needs do businesses...
8
cards
Sectors of the Economy
What are the three sectors of the...,
What does the primary sector prod...,
What is the focus of the secondar...
6
cards
Enterprise
What does enterprise involve 1,
Who is an entrepreneur 2,
What is a common desire among ent...
5
cards
Factors of Production
What are the 4 factors of product...,
What do opportunity costs help pe...,
Why do many factors of production...
6
cards
Business Ownership Structures
What is a key advantage of being ...,
What is a disadvantage of being a...,
What does it mean for a sole trad...
24
cards
Business Aims and Objectives
What are business aims 1,
What is the primary aim for new b...,
What does maximizing profit invol...
23
cards
Stakeholders
What is a stakeholder 1,
Can small businesses have many st...,
Why do different stakeholders hav...
26
cards
More on Stakeholders
Why can t a firm always satisfy a...,
What must a firm do when it can t...,
Who are the most influential stak...
11
cards
Rvenue Costs and Profit
What is revenue 1,
How is revenue calculated 2,
Apply it a firm sells 10 000 item...
13
cards
The Business Plan
Whats a business plan 1,
Who should have a business plan 2,
What does a business plan force t...
17
cards
Location
What is a key trade off businesse...,
Why is location such a big decisi...,
Why might a business want to loca...
18
cards
Expanding Businesses
What do larger firms generally ha...,
What happens to average unit cost...,
What is the name for falling aver...
16
cards
Internal Expansion
What are the 3 methods of interna...,
Whats internal expansion 2,
What s a downside of internal exp...
19
cards
External Expansion
Whats external expansion 1,
Is external expansion faster or s...,
Is external expansion harder or e...
13
cards
Employment and the Law S2
What is a nation living minumin w...,
Whats ages get which wage 2,
What do companies argue about the...
19
cards
Consumer law
What is the aim of conumer laws 1,
What might happen if consumer law...,
What is the 3 criteria for the co...
15
cards
Technology and Business
Due to the development of technol...,
Developments in ict improved busi...,
List a downside of using technolo...
9
cards
Ethical Considerations
What are business ethics 1,
Many businesses have their own 2,
What might raise ethical issues a...
13
cards
Ethical and Enviromental Consideration
Does acting ethically have benefi...,
How can ethical wage policies be ...,
Give 2 ways buying ethically sour...
15
cards
Enviromental Considerations
What does it mean to be sustainab...,
Why do businesses want to work su...,
What is resource depletion 3
7
cards
Unemployment and Consumer Spending
What can businesses be affected by 1,
People are unemployed when 2,
What happens to the level of empl...
11
cards
Interest Rates
Most businesses borrow money to 1,
What is the money borrowed being ...,
Who else is affected by interest ...
11
cards
Competition
Most firms have selling similar p...,
What do firms do to beat their ri...,
List 3 things a market can be 3
13
cards
Competition
Do all businesses face competition 1,
Businesses might have no competit...,
What are the 3 main reasons a bus...
6
cards
Globalisation
What is globalisation 1,
Globalisation means the world is ...,
What has globalisation resulted in 3
10
cards
Exchange Rate
What do exchange rates show 1,
Who are exchange rates important ...,
If a country is importing product...
8
cards
Risks in Business
If sucess from business isnt cert...,
List 4 reasons people start busin...,
Whats the risk in starting a busi...
6
cards
Supply Chains S3
What are business operations 1,
Hiw do business operations and su...,
Supply chains need to be 3
18
cards
Procurement and Logistics
What is procurement 1,
What is logistics 2,
What does having a effective proc...
9
cards
Methods of Production
What is job production 1,
What is flow production 2,
When is job production used 3
14
cards
Production Efficiency
0
cards
Quality Part 1
0
cards
Quality Part 2
0
cards
Quality Part 3
0
cards
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Gcse Business
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