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Decks in this class (106)
Introduction to Business: Enterprise
Entrepreneur,
Enterprise,
What are the 4 factors of production
11
cards
Business sectors ✔️
Primary organisation,
Secondary organisation,
Tertiary organisation
11
cards
Types of business ✔️
Sole trader,
Partnership,
Limited liability partnership
8
cards
Franchises and Franchisees ✔️
Franchiser,
Franchisee,
Factors affecting the use of a fr...
5
cards
Business functions
List the functions of a business
1
cards
Business size and growth ✔️
Small enterprise,
Medium enterprise,
Large enterprise
6
cards
Introduction to Business: External growth. ✔️
What is a joint venture,
What is a strategic alliance,
Impact and importance of joint ve...
4
cards
Different stakeholder and business objectives ✔️
What are organisational aims,
What are corporate business objec...,
What are strategic objectives
13
cards
Stakeholders
What is meant by a stakeholder,
Internal and external stakeholder...,
Objectives of stakeholders
10
cards
Mission statement ✔️
What is the purpose of a mission ...,
Justify a suitable mission statem...,
Advantages and disadvantages to a...
5
cards
Corporate Social Responsibility ✔️
Corporate social responsibility,
The potential conflict between cs...,
Evaluate the impact and importanc...
7
cards
Strategy and implementation
Relationship between objectives s...,
Evaluate a business s current or ...,
Recommend and justify how a busin...
7
cards
Business Plan ✔️
Purpose of a business plan,
Contents of a business plan,
Why are the contents needed
9
cards
Risk and Uncertainty
What is meant by risk and reward,
Relationship between risk and reward,
Evaluate the relationship between...
12
cards
Opportunity Cost
What is meant by opportunity cost,
Identify the opportunity cost of ...,
The impact of opportunity cost on...
3
cards
Contingency planning and crisis management ✔️
Purpose of a contingency plan,
Advantages and disadvantages of a...,
Benefits to a business and its st...
6
cards
Models of strategic choice
Explain the purpose of porter s f...,
Businesses position proposed posi...,
How useful is porter s five force...
6
cards
Measures of performance: financial and non financial
Difference between financial and ...,
Identify financial measures of bu...,
Importance to a business of using...
12
cards
Forecasting
Purpose of forecasting,
Advantages and disadvantages of f...,
Difference between qualitative fo...
15
cards
Decision making
What is the purpose of decision m...,
Importance of effective decision ...,
Factors which need to be taken in...
10
cards
Decision Trees
What is the purpose of decision t...,
How to calculate probabilities,
How to interpret economic outcome...
7
cards
Ansoffs matrix ✔️
Explain the purpose of ansoff s m...,
Evaluate the level of risk for a ...,
Assess the usefulness of ansoff s...
7
cards
Conflicts in business decision making
Why the results of one decision m...,
How a business uses quantitative ...,
How can decision making tools lea...
7
cards
The market, market size and growth
What is meant by a market,
What is meant by competition,
What is meant by market size
10
cards
Demand and Supply
What is meant by demand supply an...,
Explain how demand and supply int...,
Determinants of demand and supply
6
cards
Market forces
Evaluate the impact of market for...,
Justify how a business should res...,
Evaluate the extent to which a bu...
4
cards
Physical and non physical markets
What is a physical market,
What is a non physical market,
Why would firms operate in a phys...
4
cards
Competition
What is meant by competition,
How does the strength of competit...,
Why may firms enter or exit a market
5
cards
Market dominance✔️
What is meant by market dominance,
What is meant by market mergers,
What is meant by market acquisitions
9
cards
Global context ✔️
What is globalisation,
How does the internet facilitate ...,
How does communication technology...
16
cards
International trade and free trade ✔️
What is meant by international trade,
What are the reasons for internat...,
What are the purpose of barriers ...
12
cards
The European Union ✔️
Explain the influence on a busine...,
Advantages and disadvantages to a...,
Why should a business expand into...
5
cards
Emerging markets and the global environment
Emerging market,
The impact of emerging markets on...,
The impact on a business of chang...
4
cards
Political factors
Examples of political factors whi...,
How does political uncertainty af...,
The benefits to a business of pol...
9
cards
Economic Factors
Explain the economic indicators w...,
Purpose of the main types of taxa...,
Difference between direct and ind...
14
cards
Social Factors
What are some social factors that...,
1,
2
7
cards
Technological Factors
Technological factors which influ...,
How can technology be used in a b...,
How do changes in technology have...
6
cards
The digital revolution✔️
What is meant by digital revolution,
The impact and importance of the ...,
Opportunities and threats that ha...
7
cards
Ethical Factors
Difference between law and ethics,
Ethical issues,
Why are some businesses affected ...
11
cards
Legal factors
Purpose of legislation relating t...,
How can a company comply with leg...,
Conflict of complying with legisl...
6
cards
Environmental factors
Environmental issues that influen...,
Why should a business consider en...,
Importance of an environmental po...
13
cards
External factors and influences
Theo smells
1
cards
Causes and effect of change
The causes of change,
Difference between internal and e...,
Different types of change
8
cards
Managing change
Change management,
What is the importance to a busin...,
Evaluate techniques which can be ...
23
cards
Accounting and finance objectives
Accounting and finance objectives,
Why are accounting and finance ob...,
Why are clear accounting and fina...
5
cards
Sources of finance
Sources of finance,
Internal sources of finance,
External sources of finance
11
cards
Accounting concepts
What is the need for accounts to ...,
What is the need to comply with g...,
Consistency
12
cards
Costs, revenue and profit
Cost,
Revenue,
Profit
33
cards
Break even analysis
Break even,
Contribution,
Margin of safety
17
cards
Investment appraisal
What is the nature and purpose of...,
How to calculate and interpreted,
How to calculate and interpret th...
8
cards
Budgets and variances
Budget,
Variance,
How to calculate and interpret bu...
9
cards
Cash flow
What is meant by cash flow,
Difference between cash flow fore...,
Difference between cash flow and ...
9
cards
Working capital
What is meant by working capital,
What is the working capital cycle
2
cards
Income statements
What is an income statement,
What is contained within an incom...,
How to interpret profit gross pro...
5
cards
Statement of financial position
What is a statement of financial ...,
What is contained within a statem...,
Non current assets
9
cards
Ratio analysis
Calculate liquidity ratios curren...,
Calculate solvency ratios gearing...,
Calculate creditor turnover debt ...
6
cards
Cash Accounting and finance within the external environment: external influences on accounting and finance
0
cards
The finance strategy: the strategy
0
cards
HRM objectives
Hrm objectives,
Evaluate the usefulness of settin...,
Why are hr objectives important
7
cards
Organisation
0
cards
Communication
Why is effective communication im...,
Formal communication,
Informal communication
26
cards
Workforce planning
Zero hour contract,
The number of british people on 0...,
Disadvantages of zero hour contracts
30
cards
Recruitment
0
cards
Selection
Selection,
Application forms,
Curriculum vitae cv
11
cards
Training
0
cards
Appraisal and workforce performance
0
cards
Redundancy and dismissal
Redundancy,
Dismissal,
Capacity fair dismissal
17
cards
Functions of management
Management,
What are the functions of management,
What are the constraints of manag...
5
cards
Leadership
Leadership,
Carlyle and godless trait theory,
Mcregors theory x y
14
cards
Motivation
Mcmullend motivation theory,
3 needs of mcmellend theory,
69
cards
Employer/ employee relations
26
cards
External influences on human resource management
How does social factors have a in...
1
cards
The human resource strategy: the strategy
0
cards
Marketing objectives
0
cards
Customer needs: identifying customer needs
Market analysis,
Marketing objectives,
Marketing resources
3
cards
Anticipating consumer needs
Aida,
How does aida work,
Limitations of aida
11
cards
Customers and consumers
Business to business,
Business to consumer,
Customer
4
cards
Customer needs: the product life cycle
0
cards
The marketing strategy: the marketing mix
Marketing,
The 4 p s
2
cards
The marketing strategy: Product
Product life cycle,
Product life cycle,
Development
24
cards
The marketing strategy: Price
Price,
Cost plus pricing,
Cost plus pricing advantages
22
cards
The marketing strategy: Place
Place,
Channels of distribution,
Distribution channel links
16
cards
The marketing strategy: Promotion
Advertising elasticity of demand aed,
How to interpret results of aed,
Promotion
46
cards
The marketing strategy: service marketing
Service marketing,
People,
Process
4
cards
Marketing within the external environment: external influences on marketing
0
cards
The marketing strategy: the Strategy
Niche market,
Examples of niche market,
Advantages of a niche market
20
cards
Operations management objectives
0
cards
Addeds Value
0
cards
Innovation, research and development
Innovation,
Research,
Explain the reasons for innovatio...
19
cards
The production process: Methods of production
0
cards
The production process: services
0
cards
project management
Project management,
Reasons for using project managem...,
Grant charts
19
cards
Productive efficiency: Productivity
0
cards
Economies and diseconomies of scale
Economies of scales,
Diseconomies of scale,
Internal eos dos
4
cards
Capacity utilisation and management
Capacity utilisation,
Capacity management,
How to calculate interpret and an...
7
cards
stock control
Stock control,
Stock control charts,
Just in tim jit
12
cards
Productive efficiency: Lean production
0
cards
Productive efficiency: Technology
0
cards
internal quality standards
Quality control,
Quality assurance,
Reasons for quality control
8
cards
External quality standards
British quality standards bs,
European quality standards en,
International quality standards iso
6
cards
Productive quality: Services
0
cards
Productive quality: location and logistics
Factors affecting the choice of l...,
Advantages of different locations...,
Disadvantages of different locati...
9
cards
Operations management within external environment: external influences on operations management
0
cards
The operations strategy: The strategy
0
cards
Question Examples
Specimen answer evaluate the impa...
1
cards
Culture
Organised culture
1
cards
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A-Level Business
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Business A Level
- 39 decks
- 1027 flashcards
- 19 learners
Decks:
242 Capacity Utilisation, 251 Economic Influences, 253 The Competitive Environment, And more!
