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Nana Dwomoh
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Decks in this class (39)
UB - Needs/Wants, Goods/Services, Wealth Creation
Understanding Business
4
cards
UB - Skills and Qualities
Understanding Business
3
cards
UB - Factors of Production
Name and describe the 4 factors o...,
What is wealth creation 2
2
cards
UB - Sectors of Industry and Economy
Understanding Business
5
cards
UB - Types of Organisations
Describe the features of a sole t...,
Describe the features of a partne...,
Describe the features of an priva...
9
cards
UB - Business Plans
What does a business plan do 1,
List and describe 4 groups of peo...
2
cards
UB - Business Objectives
Name all 6 business objectives 1,
Explain why businesses want to pr...,
Explain why businesses want to ma...
7
cards
UB - Customer Satisfaction
List 5 ways a business can measur...,
List 4 benefits of good customer ...,
List 5 impacts of poor customer s...
4
cards
UB - Internal Factors
Name the three types of internal ...,
Describe the impact of human reso...,
Describe the impact of avaliable ...
4
cards
UB - External Factors
Name the 6 external factors that ...,
Explain how external political fa...,
Explain how external economic fac...
7
cards
UB- Stakeholders
What is a stakeholder 1,
What is an internal stakeholder 2,
What is an external stakeholder 3
11
cards
Marketing - Target Marketing
Name 4 purposes of target marketi...,
What is market segmentation 2,
Name 5 examples of how a business...
5
cards
Marketing - Market research
List the 3 purposes of market res...,
Define field research 2,
Define desk research 3
4
cards
Marketing - Market research - Field research methods
Name 7 methods of field research 1,
Discuss the advantages and disadv...,
Discuss the advantages and disadv...
8
cards
Marketing - Product
Explain the maturity and decline ...,
Explain the introduction and grow...,
Describe the product life and lis...
8
cards
Marketing - Price
Name the 10 pricing strategies 1,
1 describe psychological pricing 2,
1 describe price skimming 3
5
cards
Marketing - Place
Name all 4 methods of distribution 1,
Give the definition of road distr...,
Give the definition of rail distr...
8
cards
Marketing - Promotion
List and describe 5 methods of pr...,
What is the purpose of sales prom...,
What is digital advertising 3
5
cards
Marketing - Technology
Role of the marketing department 1,
Name 5 pieces of technology the m...,
Explain how the marketing departm...
7
cards
Operations - Operations Department
Describe 3 jobs the operations de...,
Describe each stage of the input ...,
Define operations 3
3
cards
Operations - Suppliers
List 4 factors to consider when c...,
Describe lead time as a factor to...,
Describe quality of raw materials...
5
cards
Operations - Overstocking and Understocking
Define overstocking 1,
Describe 3 costs and their impact...,
Describe 3 costs and their impact...
3
cards
Operations - Inventory Management
Describe maximum inventory level 1,
Describe re order level 2,
Describe lead time 3
4
cards
Operations - Computerised Stock Control
Define computerised stock control 1,
What is the difference between ma...,
What does epos stand for 3
3
cards
Operations - Methods of Production
List and describe the 3 methods o...,
Give 3 advantages and disadvantag...,
Give 3 advantages and disadvantag...
8
cards
Operations - Methods of Ensuring Quality
List the 6 methods of ensuring qu...,
Define quality control and give 2...,
Define quality assurance and give...
5
cards
Operations - Environment
Describe sustainable raw material...,
List 4 ways a business can be env...,
Give 3 advantages of being enviro...
7
cards
Operations - Ethics
Give 2 disadvantages of fairtrade...,
Define fairtrade 2,
Give 2 advantages of fairtrade on...
6
cards
Operations - Technology
Name 5 pieces of technology that ...,
Describe stock control systems as...,
Describe cad as a piece of techno...
6
cards
Operations - Benefits of making Quality products
Blank 1
1
cards
People - Recruitment
List the 4 roles of the hr depart...,
Name and describe the 5 stages of...,
Define internal recruitment and e...
5
cards
People - Selection
Define the selection process 1,
What is a reference 2,
Name and describe the 3 methods o...
7
cards
People - Training
Name and define the 3 types of tr...,
Give 4 examples of on the job tra...,
Give 3 advantages and disadvantag...
8
cards
People - Motivation
Give 4 benefits of motivated staff 1,
Give 4 financial incentives 2,
Give 4 non financial incentives 3
5
cards
People - Industrial Action
Define industrial action 1,
Name and describe the impacts of ...,
Give 3 impacts industrial action ...
6
cards
People - Legislation
What is legislation 1,
Give 3 responsibilities of the em...,
Give the 4 features of the equali...
6
cards
Finance - Sources Of Finance
Define a bank overdraft 1,
What is a government grant 2,
What are retained profits 3
6
cards
Finance - Role of the Finance Department
Describe 5 roles of the finance d...
1
cards
Finance - Sources of Finance
Describe bank overdraft as a sour...,
Describe government grant as a so...,
Describe trade credit as a source...
4
cards
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N5 Business Management
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