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Decks in this class (67)

Paper 1
Business,
Benefits of a business to society,
Enterprise
348  cards
Paper 2
What factors affect the type and ...,
Business plan,
Sections of a business plan
362  cards
Paper 1 Simple
Business,
Enterprise,
Entrepreneur
17  cards
3.1.2 Theories of Corporate Strategy
Corporate strategy,
Two strategic models used to deve...,
Ansoff s matrix
21  cards
3.2.1 Business Growth
Growth,
Objectives of growth,
Economies of scale
18  cards
2.5.1 Economic Influences
Business cycle,
Boom,
Recession
26  cards
3.4.4 Business Ethics
Ethics,
Business ethics,
Common areas where ethics are tested
14  cards
3.2.3 Organic Growth
Organic growth,
Methods of organic growth,
Benefits of organic growth
4  cards
3.2.2 Inorganic growth
Inorganic growth,
Tactical reasons for inorganic gr...,
Strategic reasons for inorganic g...
21  cards
3.2.4 Reasons for staying small
Small business,
Reasons to stay small,
Product differentiation and usp
6  cards
3.4.3 Shareholders vs Stakeholders
Stakeholder,
Internal stakeholders,
External stakeholders
22  cards
2.5.3 Competitive Environment
Competitive environment,
Impact of competition on businesses,
Market size
5  cards
2.5.2 Legislation
Legislation,
Consumer protection,
Impact of consumer protection laws
10  cards
3.1.4 Impact of External Influences
Pestle analysis,
What does pestle stand for,
Political
15  cards
3.3.2 Investment Appraisal
What factors should be considered...,
Investment appraisal techniques,
Payback
9  cards
3.3.3 Decision Trees
Decision trees,
Advantages of decision trees,
Limitations of decision trees
3  cards
3.3.4 Critical Path Analysis
Critical path analysis,
Float,
Float formula
5  cards
1.4.4 Motivation in theory and practice
Motiv,
Importance of employee motivation...,
Financial methods of motivation
25  cards
1.4.1 Approaches To Staffing
Dismissal,
Redundancy,
Industrial action
23  cards
1.4.5 Leadership
Leadership,
Management,
Characteristics of leaders
10  cards
1.5.6 Entrepreneur to Leader
Difference between an entrepreneu...,
Difficulties of moving from an en...,
Why is it important to learn to d...
8  cards
1.2.1 Demand
Demand,
The demand curve,
Complementary goods
9  cards
1.2.2 Supply
Supply,
Relationship between price and qu...,
The supply curve
10  cards
1.2.3 The Market
Market equilibrium
1  cards
1.2.4 PED
Price elasticity of demand,
Elastic demand curve,
Inelastic demand curve
9  cards
1.2.4 YED
Income elasticity,
Income elastic,
Income inelastic
7  cards
2.1.4 Business Planning
Business plan,
Sections of a business plan,
Importance of a business plan
10  cards
2.1.3 Liability
Limited liability,
Unlimited liability,
Sources of finance appropriate fo...
4  cards
2.1.1/2 Sources Of Finance
Sources of finance,
Internal sources of finance,
Advantages and disadvantages of r...
24  cards
2.2.2 Sales, Revenue And Profit
Demand,
Sales volume,
Revenue
11  cards
2.2.3 Breakeven And Contribution
Contribution,
Contribution per unit formula,
Total contribution formula
12  cards
2.2.1 Sales Forecasts
Forecasting,
Sales forecast,
Purpose of sales forecasts
19  cards
2.2.4 Budgeting
Budgeting,
Main types of budgets,
Purpose of a budget
13  cards
2.3.1 Profit
Statement of comprehensive income,
Profit,
Use of profit
14  cards
2.3.2 Liquidity Ratios
Current assets,
Non current assets,
Current liabilities
23  cards
3.5.2 Ratio Analysis
Gearing,
Gearing ratio,
Why is gearing useful
10  cards
3.5.1 Interpretation of Financial Accounts
Stakeholder interests in statemen...,
Stakeholder interests in statemen...,
Stakeholder interests in statemen...
7  cards
3.5.3 Human Resources
Why do employees skive leave,
Productivity,
Labour productivity
20  cards
2.4.1 Production, productivity, and efficiency
Production,
Job production,
Benefits of job production
25  cards
2.4.2 Capacity Utilisation
Capacity,
Capacity utilisation,
Capacity utilisation formula
8  cards
2.4.3 Stock Control
Stock,
Buffer stock just in case,
Main influences on amount of stoc...
17  cards
2.4.4 Quality Management
Quality,
Quality control,
Benefits of quality control
16  cards
3.1.1 Corporate Objectives
Mission statement,
Features of a mission statement,
Aim
9  cards
1.5.1 & 1.5.2 Entrepreneurs
Business,
Benefits of business to society,
Enterprise show
27  cards
1.5.3 Business Objectives
Mission,
Features of a mission statement,
What makes a good mission statement
9  cards
1.5.4 Forms of Business
Sole trader,
Partnership,
Partnership
14  cards
1.5.5 Business Choices
Business choices,
Resources that are typically scar...,
Opportunity cost
5  cards
1.1.1 The Market
Market,
Marketing,
Mass market
26  cards
1.1.2 Market Research
Market research,
Primary market research,
Examples of primary market research
19  cards
1.1.3 Market Positioning
Market positioning,
Benefits of market mapping,
Market mapping
15  cards
1.3.1 Product and Service Design
Design mix,
Social trends,
How the design mix is changing to...
9  cards
1.3.2 Branding & Promotion
Promotion,
Types of promotion,
Advertising
27  cards
1.3.3 Pricing Strategies
Pricing strategy,
Cost plus pricing,
Benefits and drawbacks of cost pl...
17  cards
1.3.4 Distribution
Distribution,
Distribution channel,
Producer
14  cards
1.3.5 Marketing strategy
Product portfolio,
Importance of a product portfolio,
Disadvantages of product lifecycle
14  cards
4.3.2 Global Niche
Global niche market,
How do global niche markets develop,
Cultural diversity
6  cards
4.3.1 Global Marketing
Global marketing strategy,
Benefits of a global marketing st...,
Drawbacks of a global marketing s...
11  cards
4.3.3 Cultural & Social Factors
Cultural practices,
Examples of differences between c...,
High context cultures
5  cards
1.4.2 Recruitment, Selection and Training
Filling job vacancies by defining...,
Recruitment and selection,
Selection
16  cards
1.4.3 Organisational Design
Organisational design structure,
Hierarchy,
Span of control
14  cards
4.1.4 Protectionism
Protectionism,
P,
Reasons for protectionism
6  cards
4.1.5 Trading Blocs
Trade blocs,
Types of trade blocs,
Free trade areas
9  cards
4.2.5 Global competitiveness
Exchange rate,
Ways exchange rates impact busine...,
Impacts of exchange rate movement...
8  cards
4.2.3 Assessment Of A Country As A Production Location
Assessment of a country as a prod...,
Location in a trade bloc,
Costs of production
9  cards
4.4.1 Impact of MNC's
Multi national company,
Impacts of mnc s on labour markets,
Impacts of mnc s on local firms
10  cards
4.4.2 Ethics
Common issues with mnc s,
Supply chain,
Environmental impact
4  cards
4.2.4 Reasons for Joint Ventures and Mergers
Joint venture,
Rationale for joint ventures,
Problems with joint ventures
5  cards

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A Level Business

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