This class was created by Brainscape user daisy fuller.

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Decks in this class (36)

1.1 Nature + purpose Of Businesses
Mission statement 1,
Corporate objectives 2,
3 business objectives 3
30  cards
1.2 Business Forms
What is the private sector made u...,
What is the public sector made up...,
Two unincorporated businesses 3
30  cards
1.3 External Environment
What are external factors 1,
Pestle 2,
Define interest 3
21  cards
2.1 Management + Leadership
Difference between managers and l...,
What is a leadership style 2,
The 4 leadership styles 3
11  cards
2.2 Decision Making
What is a decision tree 1,
Expected value and formula 2,
Net gains 3
11  cards
3.1 Setting Market Objectives
Define marketing 1,
Purpose of marketing 2,
What is a market 3
15  cards
3.2 Understanding Markets + Customers
What are the 6 roles of market re...,
Pros of primary market research 2,
Cons of primary market research 3
33  cards
3.3 Segmentation, Targeting + positioning
What is market segmentation 1,
List the factors used in market s...,
What is a potential downside of s...
11  cards
3.4 Marketing Mix
What is the marketing mix 1,
What are the 7 p s of the extende...,
What is the difference between co...
73  cards
4.1 Operational Objectives
Operational management 1,
Define productivity 2,
Define efficiency 3
13  cards
4.2 Operational Performance
Formula for unit costs 1,
What is labour productivity 2,
Formula for labour productivity 3
9  cards
4.3 Improving Efficiencies/ Lean Production
What is capacity utilisation and ...,
Capacity utilisation formula 2,
What is the ideal capacity utilis...
30  cards
4.4 Improve Quality/ Stock Management
Requirements of a product quality 1,
Requirements of a service quality 2,
Pros of good quality product serv...
19  cards
4.5 Flexibility And Speed Of Response
What are factors that affect choo...,
How to improve speed of response ...,
3 ways of managing supply to matc...
7  cards
5.1 Financial Objectives
What are some financial objectives 1,
Define cash 2,
What is cash needed for 3
31  cards
5.2 Financial Performance
Why is cash important to a busine...,
What is a budget 2,
What can a budget be used for 3
20  cards
6.1 HR Objectives
The key roles of hr are 1,
What are hrm key objectives 2,
What is hard hr 3
10  cards
6.2 Analysing HR Performance
Formula for labour productivity 1,
What does labour productivity mea...,
What s the formula for labour cos...
8  cards
6.3 Organisational Structures And HR Flow
What is span of control 1,
What is the ideal max span of con...,
What is chain of command 3
27  cards
6.4 Motivation
Why would a business want to moti...,
What is taylor s motivation theory 2,
What is maslows hierarchy of needs 3
8  cards
6.5 Employee-Employer Relations
What are industrial relations 1,
What do poor relations damage 2,
What is a works council 3
9  cards
7.1 Mission, Corporate Objectives And Strategy
What is a mission statement 1,
What are the key objectives that ...,
What does smart stand for 3
8  cards
7.2 Financial Ratios
What is a balance sheet 1,
What is an income statement 2,
What is meant by capital employed 3
18  cards
7.3 Anaylsing Internal Business Position
Non financial factors that measur...,
What is meant by core competencies 2,
2 benefits to a business of ident...
6  cards
7.4 Political And Legal Change
What does pestle stand for 1,
What is the government policy aro...,
What is the government policies a...
9  cards
7.5 Economic Change
Blank 1,
What is inflation 2,
How is inflation measured in the ...
26  cards
7.6 Social And Technological Change
What is meant by an ageing popula...,
What is migration and how does it...,
Demographic factors that can affe...
8  cards
7.7 The Competitive Environment
What is porters 5 forces model 1,
What does porters 5 forces includ...
2  cards
7.8 Investment Appraisal
What is the purpose of investment...,
How is payback calculated 2,
How is average rate of return cal...
11  cards
8.1 Strategic Direction
External factors affecting choice...,
Internal factors affecting choice...,
Define what strategy is all about 3
24  cards
8.2 Strategic Poisitioning
What theory model suggests that b...,
What is on the axis for porters g...,
What is porters generic strategie...
11  cards
9.1 Assessing A Change In Scale
5 reasons for growth 1,
What is economies of scale 2,
Calculation for unit costs 3
55  cards
9.2 Assessing Innovation
What is innovation 1,
What is process innovation 2,
What is product innovation 3
29  cards
9.3 Assessing Globalisation And Internationalisation
Impacts of globalisation 1,
What is globalisation 2,
Opportunities of globalisation 3
33  cards
9.4 Assessing Greater Use Of Digital Technology
4 examples of uses of digital tec...,
What is automation 2,
Pros of automation 3
15  cards
10.1 Managing Change
Internal reasons for change 1,
External reasons for change 2,
What are the two types of change 3
42  cards

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A Level Business

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