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Decks in this class (30)
Sectors of Industry
The primary sector 1,
Blank 2,
The secondary sector 2
5
cards
Sectors of Economy
What are the 3 sectors of economy 1,
What are the types of businesses ...,
What are the types of businesses ...
5
cards
Private Sector Organisations
What is a sole trader 1,
What is a partnership 2,
What is a private limited company...
8
cards
Third Sector Organisations
What are the aims of a third sect...,
What is a charity 2,
What are community groups 3
7
cards
Multinational Companies
What is a multinational company 1,
Why do mncs want to expand 2,
What are the advantages of operat...
4
cards
Franchises
What is a franchise 1,
What is the franchisor 2,
What is a franchisee 3
9
cards
Objectives of businesses
What are some common business obj...,
What are some examples of conflic...,
What are some examples of manager...
3
cards
Growth
What are the benefits of growth 1,
What are the two ways in which a ...,
What are the 7 methods of growth 3
24
cards
Internal Factors - Corporate Culture
What are the methods of developin...,
What are the advantages of corpor...,
What are the disadvantages of cor...
3
cards
Internal Factors - Human Resources
How do managers influence busines...,
How do employees influence busine...
2
cards
Internal Factors - Availability and Type of Finance
Why is availability and type of f...,
What does availability and type o...,
What are some examples of common ...
3
cards
Internal Factors - Availability and Nature of Technology
Why are smartphones and tablets i...,
How can businesses utilise video ...,
How can online platforms and soci...
6
cards
External Factors - Political
What does pestec stand for 1,
A change in government 2,
Government policy changes 3
9
cards
External Factors - Economic
Recession 1,
Economic growth boom 2,
High inflation 3
12
cards
External Factors - Social
Demographic changes 1,
Lifestyle changes 2,
Changing fashions and trends 3
5
cards
External Factors - Technological
Research and development r d 1,
E commerce 2,
Automation 3
5
cards
External Factors - Environmental
Weather 1,
Climate change 2,
Waste reduction and recycling 3
5
cards
External Factors - Competitive
Imitators 1,
Price wars 2,
Loss leaders 3
5
cards
Stakeholder objectives
What is a stakeholder 1,
Objective of owners stakeholders 2,
Objective of managers 3
9
cards
Conflict of Interests
Employee vs owner 1,
Customer vs supplier 2,
Manager vs employee 3
5
cards
Interdependence
How does an owner rely on employe...,
Why do employees need managers 2,
How do customers rely on suppliers 3
5
cards
Tall and flat organisations
What are the key features of a ta...,
What are the advantages of being ...,
What are the disadvantages of tal...
8
cards
Centralised and Decentralised Organisations
What are the key features of cent...,
What are the advantages of centra...,
What are the disadvantages of cen...
6
cards
Matrix Organisational Structures
What is a matrix structure 1,
What are the advantages of the ma...,
What are the disadvantages of a m...
3
cards
Entrepreneurial Organisational Structure
What is an entrepreneurial struct...,
What are the advantages of entrep...,
What are the disadvantages of ent...
3
cards
Groupings of Organisational Activities
What is functional grouping 1,
What are the advantages of functi...,
What are the disadvantages of fun...
9
cards
Types of Decision Making
What are strategic decisions 1,
What are tactical decisions 2,
What are operational decisions 3
7
cards
Quality Decisions
What are the factors that affect ...,
How can you measure the success o...
2
cards
SWOT
What does swot stand for 1,
Strengths 2,
Weaknesses 3
6
cards
The Role of a Manager
What roles do managers carry out 1
1
cards
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Unit 1 - Understanding Business
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