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Decks in this class (65)
FACTORS OF PRODUCTION
Land 1,
Labour 2,
Capital 3
4
cards
ROLE OF BUISNESS IN SOCIETY
Needs 1,
Wants 2,
Goods 3
5
cards
SECTORS OF INDUSTRY
Primary 1,
Secondary 2,
Tertiary 3
3
cards
SECTORS OF THE ECONOMY + Public And Thrid Sector Def
Private sector 1,
Public sector 2,
Third sector 3
7
cards
Sectors Of The Economy-sole Traders
Sole trader definition 1,
Sole trader key features 2,
Sole trader advantages 3
4
cards
Sector of the economy – partnership
Partnership definition 1,
Partnership key features 2,
Partnership disadvantages 3
4
cards
AIMS OF THE PRIVATE SECTOR
Profit maximimisation 1,
Increase market 2,
Achieving quality 3
4
cards
PUBLIC SEDTOR AIMS
Make best use of funds 1,
Quality if service 2,
To cut costs 3
3
cards
Publuc Sector
Public sector key features 1,
Public sector definition 2,
Charity features 3
9
cards
internal factor
Internal factor definition 1,
Availability of finance internal ...,
Current technology internal factor 3
4
cards
External Factors (PESTEC)
Political external factor 1,
Technological external factor 2,
Competitive external factor 3
4
cards
Public Sector Stakeholders
Employees 1,
Suppliers 2,
Taxpayers 3
3
cards
Public Sector Stakeholders
Employees 1,
Donors 2,
Recipients of help 3
3
cards
Market Reasearch Methods
Telephone survey 1,
Personal interview 2,
Blank 3
3
cards
The Role OF Marketing
The 5 roles of marketing 1
1
cards
Market Segmentation
Definition of a market segment 1,
How to segment the market 2,
Benefits of target markets 3
3
cards
Field Research
Field research 1,
Field research advantage 2,
Field research disadvantage 3
3
cards
Desk Research
Desk research 1,
Desk research advantages 2,
Desk research disadvantages 3
3
cards
Msrketing Mix (4 Ps)
Product 1,
Price 2,
Place 3
4
cards
Branding
Brand definition 1,
Brand advantage 2,
Brand disadvantage 3
5
cards
MARKETING (METHODS OF DISTRIBUTION)
Air advantage 1,
Air disadvantage 2,
Road advantage 3
8
cards
The Marketing Mix - Promotion - Sales Promotions
Discounts 1,
Free gifts 2,
Competitions 3
4
cards
The Marketing Mix - Promotion - Advertising
Blank 1
1
cards
The Marketing Mix - Price
Low price 1,
Competitive 2,
Price skimming 3
4
cards
E-commerce (marketing Mix)
Advantages for the business e com...,
Disadvantages for the business e ...
2
cards
technology marketing mix
Qr copes apps text messaging tech...,
Graphics and desktop publishing t...
2
cards
Customer Satisfaction
How do organisations ensure custo...
1
cards
Metjods Of Production
Batch production 1,
Batch advantage 2,
Batch disadvantage 2
9
cards
IPO
Input 1,
Process 2,
Output 3
3
cards
factors affecting the choice of supplier
Discount available description 1,
Credit terms description 2,
Quality decription 3
8
cards
inventory management
Understocking 1,
Consequences of understocking 2,
Overstocking 3
4
cards
Market Research Method
Telephone survey 1,
Telephone survey advantage 2,
Telephone survey disadvantage 3
9
cards
Quality Thingys For Operition
Benchmarking 1,
Quality control 2,
Quality assurance 3
5
cards
Rthical And Environmental
Ethics advantage 1,
Ethical disadvantage 2,
Environment disadvantage 3
4
cards
Inventory Controll + Record Keeping
Max inventory lvl 1,
Min inventory lvl 2,
Reorder lvl 3
7
cards
Job Production
Job production 1,
Job advantage 2,
Job disadvantage 3
3
cards
FACTORS EFFECVTING CHOICE OF PRODUCTION
Skillof staff 1,
Size premises 2,
Quality required 3
3
cards
Ub - Customer Service
Benefits of satisfying customers 1,
How do organisations ensure custo...
2
cards
advertisement Methods
Billboard 1,
Billboard advantages 2,
Billboard disadvantage 3
9
cards
Factors Affectinh Pric
Cost price 1,
Competitors pricw 2,
Quality price 3
3
cards
Factors Affecting The Choice Of Location
Customers location 1,
Competition location 2,
Parking location 3
3
cards
Packaging
Protection packaging advantage 1,
Attractive packaging advantage 2,
Shelf life packaging advantage 3
6
cards
Stakeholders
Public taxpayer external 1,
Public employees internal 2,
Public supplier externap 3
9
cards
Social Enterprise
Social enterprise definition 1,
Social enterprise features 2,
Social enterprise advantage 3
4
cards
Sources of finance
Grant 1,
Loan 2,
Mortgage 3
15
cards
Break Even + Profit/loss Formula
Profit loss formula 1,
Break even 2,
Advantages of break even 3
4
cards
Cash Budgeting
How does a business generate cash 1,
What do businesses spend cash on 2,
Cash flow problems and solutions 3
4
cards
Income Statement
Income statement 1,
Purpose of an income statement 2,
What is gross profit 3
5
cards
Recruitment Process
1 identify the vacancy 1,
2carry out a job analysis 2,
Prepare a job description 3
5
cards
Selection (method If Selection)
Application form 1,
Cvs 2
2
cards
Methods Of Recruiting
Internal 1,
External 2,
Internal recruitment methods 3
4
cards
Testing (method If Selection)
Attainment test 1,
Aptitude test 2,
Iq test 3
5
cards
Testing
0
cards
Interviews (method If Selection)
One to one interview 1,
Successive interview 2,
Panel interview 3
3
cards
Training Advantages And Disadvantage
Advantages of training 1,
Disadvantages of training 2
2
cards
Interview Advantages And Disadvantages
Advantages of interview 1,
Disadvantage of interview 2
2
cards
Motivation
Salary financial incentives 1,
Time rate financial incentives 2,
Pice rate financial incentives 3
8
cards
Types Of Training
What is induction 1,
Benefits of induction 2,
Disadvantage of induction 3
9
cards
Methods Of Testing
Aprrehticeship 1,
Job rotation 2,
Multimedia 3
6
cards
Industrial Relatins
Role of trade unions 1,
Go slow industrial action 2,
Work to rule industrial action 3
6
cards
Technology In Mangwmwnt Of People
Databases 1,
Word processing 2,
Internet website 3
5
cards
Legislations
Equality act 2010 1,
National minimum wage act 1998 2,
Health and safety at work act 1974 3
5
cards
impacts of industrial action
Realationship 1,
Publicy 2,
Cost 3
4
cards
method of selection definitions
Testing 1,
Blank 2,
Interview 3
5
cards
Why use technology in production?
Advantages 1,
Disadvantage 2
2
cards
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N5 BUSINESS MANAGEMENT
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N5 Business Management
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