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cristina ward
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Decks in this class (71)
(PAPER 1) 1.1.1 the market
Mass market definition 1,
Niche market definition 2,
Mass market customers products co...
21
cards
(PAPER 1) 1.1.2 market research
Weather you do product or market ...,
Market research definition 2,
Bias definition 3
32
cards
(PAPER 1) 1.2.2 Supply
Supply definition 1,
Supply curve definition 2,
Difference between supply and dem...
6
cards
(PAPER 1) 1.2.3 markets
Equilibrium price definition 1,
Excess supply definition 2,
Excess demand definition 3
10
cards
(PAPER 1) 1.3.4 Distribution
Distribution definition 1,
Distribution channel definition 2,
Distribution outlet definition 3
10
cards
(PAPER 1) 1.5.2 Entrepreneurial Motives And Characteristics
Reasons why people set up busines...,
Profit maximisation 2,
Profit satisficing 3
9
cards
(PAPER 1) 1.5.4 Forms Of Business
Sole trader definition 1,
Of sole trader 2,
Private limited company definition 3
22
cards
(PAPER 1) 4.1.2 global business
Import definition 1,
Export definition 2,
A reason why firms export 3
13
cards
(PAPER 1) 4.1.3 factors contributing to increased globalisation
Factors contributing to increased...,
Liberalisation definition and con...,
Opportunities presented from the ...
20
cards
(PAPER 1) 4.1.5 trading blocks
Trading blocks definition 1,
European union definition 2,
North american free trade associa...
8
cards
(PAPER 1) 4.2.5 global competitiveness
Global competitiveness definition 1,
Types of companies who would be a...,
Spiced wpidec 3
16
cards
(PAPER 1) 4.4.1 the impact of MNC'S
Mnc definition 1,
4 impacts of mncs on the local ec...,
Positive and negative impact of m...
15
cards
(PAPER 2) 2.2.3 breakeven
Breakeven point 1,
Total revenue 2,
Total variable cost 3
22
cards
(PAPER 2) 2.2.4 Budgets
Budgets definition 1,
Purpose of budgets 2,
Types of budget 3
9
cards
(PAPER 2) 2.3.1 profit
Gross profit definition and formu...,
Operating profit definition and f...,
Profit of the year net profit 3
15
cards
(PAPER 2) 2.3.2 Liquidity
Liquidity definition 1,
Non current assets definition 2,
Current assets definition 3
20
cards
(PAPER 2) 2.4.2 capacity utilisation
Capacity definition 1,
Capacity depends on 2,
Capacity utilisation formula 3
9
cards
(PAPER 2) 3.1.3 SWOT analysis
Swot analysis definition 1,
Swot looks like 2,
The result of the analysis is a m...
8
cards
(PAPER 2) 3.3.1 quantitative sales forecasting
4 components that a business want...,
Calculating a 3 period moving ave...,
Why would a business be intereste...
10
cards
(PAPER 2) 3.1.4 impact of external influences
Pestle analysis definition 1,
Pestle acronym 2,
Political 3
24
cards
(PAPER 2) 3.5.2 ratio analysis (dk limitations of ratio analysis)
Gearing definition 1,
Gearing ratio formula 2,
Capital employed definition 3
11
cards
(PAPER 3) 1.3.3 pricing strategies
Price definition 1,
Penetration pricing definition 2,
Price skimming definition 3
16
cards
(PAPER 3) 2.5.1 economic influences*
Inflation definition 1,
Causes of inflation 2,
Exchange rate definition 3
33
cards
(PAPER 3) 2.5.2 legislation *
Legislation definition 1,
Employee protection 2,
Having bad employee protection co...
18
cards
(PAPER 3) 2.5.3 competitive environment *
Competitive environment 1,
4 market structures 2,
Perfect competition definition 3
27
cards
(PAPER 3) 1.4.2 recruitment, selection and training
Recruitment and selection definit...,
6 stages of the recruitment proce...,
Aims when recruitment selection a...
19
cards
(PAPER 3) 3.3.2 investment appraisal
How would you calculate payback 1,
When you calculate pay back how w...,
How would you calculate average r...
10
cards
(PAPER 3) 3.4.3 stakeholders vs shareholders
Stakeholders definition 1,
Internal stakeholders definition 2,
External stakeholders definition 3
23
cards
(PAPER 3) 4.1.2 international trade and business growth
Import definition 1,
Export definition 2,
Reasons for firms to export 3
15
cards
(PAPER 3) 4.1.4 protectionism
Protectionism definition 1,
Reasons why a country might pursu...,
Tariff definition 3
12
cards
(PAPER 3) 4.2.3 assessment of a country as a production location
9 factors a business should consi...,
Why are costs of production an im...,
Why would a business need to cons...
12
cards
enterprise and entrepreneurship
Entrepreneur 111 1,
Reasons why new business ideas co...,
How new business ideas come about...
7
cards
spotting a business opportunity
Customer needs 1,
The 4 needs that have to be consi...,
Why is it important to identify a...
24
cards
putting a business idea into practice
1 why set an objective 1,
1 objectives help with 2,
1 financial objectives include 3
26
cards
1.1.3 market positioning
Product differentiation definition 1,
Unique selling point definition 2,
Benefits of product differentiati...
13
cards
1.2.1 Demand
Demand definition 1,
Demand curve definition 2,
The demand graph 3
11
cards
1.2.4 price elasticity of demand
Price elasticity of demand defini...,
Price elasticity of demand equati...,
Percentage change equation 3
9
cards
1.2.5 income elasticity of demand
Income elasticity of demand defin...,
Income elasticity of demand equat...,
Income inelastic demand definition 3
10
cards
1.3.1 product/service design
Design mix definition 1,
Product design definition 2,
What function means 3
7
cards
1.3.2 branding and production
Branding definition 1,
Brand definition 2,
Types of branding 3
33
cards
1.3.5 Marketing Strategy
Marketing strategy definition 1,
Product life cycle definition 2,
5 stages 3
14
cards
1.4.1 Approaches to staffing
Human resources definition 1,
Treating staff as an asset defini...,
Treating staff as a cost definiti...
16
cards
1.5.5 Business Choices
Opportunity cost definition 1,
Some of the benefits a business c...,
Choices and trade offs 3
4
cards
2.1.2 external finance*
External finance definition 1,
Mof venture capital definition 2,
Of venture capital 3
28
cards
2.1.4 planning*
Business plan definition 1,
How it helps to obtain finance 2,
Of business planning 3
4
cards
1.5.6 Moving From Entrepreneur To Leader
Difficulties in developing from a...,
Sharing ownership and control 2,
Trust 3
11
cards
2.4.3 stock control *
Stock control definition 1,
Methods to minimise waste 2,
Negative impacts of wasteful scen...
6
cards
E 3.2.1 growth*
Economies of scale definition 1,
Internal economies of scale defin...,
External economies of scale defin...
8
cards
3.2.2 merges and takeovers
Inorganic growth definition 1,
Backward vertical integration def...,
Forward vertical integration defi...
15
cards
3.2.3 organic growth
Organic growth definition 1,
Organic growth 2,
Methods of growing organically 3
5
cards
3.2.4 reasons for staying small
Small business survival in compet...,
Product differentiation and usps 2,
Flexibility in responding to cust...
7
cards
1.4.3 organisational design
Hierarchy definition 1,
Job roles 2,
Tall structure definition 3
18
cards
1.4.4 motivation in theory and practice
Motivation 1,
Factors effecting an employees mo...,
Effects of low motivated staff 3
23
cards
1.4.5 Leadership (not finished)
Internal factors that influence l...,
External factors that influence l...,
What makes a good leader 3
10
cards
1.5.1 Role of an entrepreneur
Entrepreneur definition 1,
How does a business idea come abo...,
Setting up a business 3
9
cards
1.5.2 entrepreneurial motives and characteristics
Skills definition 1,
Skills include 2,
Characteristics definition 3
13
cards
1.5.3 business objectives
0
cards
3.4.1 corporate influences
Corporate influences definition 1,
Corporate timescales definition 2,
Short termism definition 3
10
cards
3.4.4 business ethics
Business ethics definition 1,
Ethics businesses should consider 2,
Trade offs between profits and et...
9
cards
E 2.1.3 Liability*
Liability definition 1,
Limited liability definition 2,
Unlimited liability definition 3
6
cards
E 2.1.4 Planning*
Business plan definition 1,
Benefits of business plans 2,
A good business plan consists of 3
4
cards
E 2.2.1 sales forecasting*
Sales forecast definition 1,
How sales forecasting can help bu...,
Factors affecting sales forecast 3
4
cards
E 3.1.2 theories of corporate strategies*
Ansoff s matrix 1,
Market penetration definition 2,
How market penetration can be ach...
9
cards
E 3.2.1 growth*
Problems arising from growth 1,
Diseconomies of scale 2,
Problems related to diseconomies ...
5
cards
E 3.3.3 decision trees*
Decision trees definition 1,
Features of a decision tree 2,
How to calculate expected monetar...
4
cards
E 3.5.3 human resources*
Strategies to improve employee pe...,
The correct strategy will depend ...,
Employee share ownership definiti...
9
cards
E 3.4.2 corporate culture
Corporate culture definition 1,
Strong culture definition 2,
Weak culture definition 3
15
cards
4.1.1 growing economies
Economic growth definition 1,
Emerging economies definition 2,
Implications of growth in emergin...
4
cards
paper 1 formulas
Percentage change 1,
Market growth 2,
Market size 3
5
cards
paper 2 formulas
Total revenue 1,
Total variable costs 2,
Total costs 3
15
cards
paper 3 formulas
Gearing 1,
Return on capital employed 2,
Time series analysis 3
6
cards
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