This class was created by Brainscape user Yoshi Chan. Visit their profile to learn more about the creator.

Decks in this class (29)

Business activity 1.1
What are needs 1,
What are wants 2,
What is scarcity 3
7  cards
Classification of business 1.2
What is the primary sector 1,
What is the secondary sector 2,
What is the tertiary sector 3
10  cards
Enterprise, business growth and size 1.3
What are the characteristics of a...,
What is a business plan 2,
What does a business plan include...
15  cards
Types of business organisation 1.4
What is a sole trader 1,
Advantages of sole traders 2,
Disadvantages of sole traders 3
20  cards
Business objectives and stakeholder objectives 1.5
What are business objectives and ...,
What is aim of business survival 2,
What is the aim for profit 3
20  cards
Motivating employees 2.1
Why do people work 1,
What are the benefits of a well m...,
What are the different concepts o...
28  cards
Organisation and management 2.2
What is organisational structure 1,
What is an organisation chart 2,
Advantages of organisation chart 3
25  cards
Recruitment, selection and training of workers 2.3
Why do businesses recruit 1,
What is job analysis 2,
What is job description 3
16  cards
Internal and external communication 2.4
Why is communication important to...,
What is internal communication an...,
What is external communication an...
8  cards
Marketing, Competition and the customer 3.1
What is the role of marketing 1,
Why do customers spending pattern...,
Why have some markets become more...
8  cards
Market research 3.2
How is market research used in a ...,
What is primary research and what...,
What is secondary research and wh...
8  cards
Marketing mix:product 3.3.1
What makes a product successful 1,
What are benefits of branding 2,
What is the role of packaging 3
5  cards
Marketing mix:Price 3.3.2
What is cost plus pricing and wha...,
What is penetration pricing and w...,
What is price skimming and what a...
4  cards
Marketing mix:place 3.3.3
What is the role of place in the ...,
What is the advantage of selling ...,
What is the disadvantage of selli...
13  cards
Marketing mix: promotion 3.3.4
What are the aims of promotion 1,
What is advertising and how does ...,
What is sale promotion and how do...
3  cards
Marketing mix:Technology 3.3.5
What is an e commerce 1,
What are the opportunities and th...,
What are the opportunities and th...
4  cards
Marketing strategy 3.4
What are the different elements i...,
What are some legal controls on m...,
Why do businesses enter markets a...
5  cards
Production of goods and services 4.1
What is the difference between pr...,
How do you increase productivity 2,
What are the benefits of increasi...
12  cards
Costs,Scale of production and break even analysis 4.2
What are fixed costs 1,
What are variable costs 2,
What is average cost 3
18  cards
Achieving quality production 4.3
What is quality and why is it imp...,
What is quality control 2,
What are the advantages and disad...
5  cards
Location decisions 4.4
What are the factors influencing ...,
What are factors influencing loca...,
What are some reasons to locate a...
3  cards
Business finance : needs and sources 5.1
Why do businesses need finance 1,
What is short term finance 2,
What is long term finance 3
17  cards
Cash-flow forecasting and working capital 5.2
Why is cash important to a busine...,
What is cash flow and how do you ...,
How can a short term cash flow pr...
5  cards
Income statements 5.3
How is profit made 1,
What is the importance of profit ...,
What is the difference between pr...
4  cards
Statement of financial position
What is a balance sheet 1,
What are assets 2,
What are liabilities 3
4  cards
Analysis of accounts 5.5
What is profitability and the imp...,
What is liquidity and the importa...,
What is gross profit margin formu...
8  cards
Economic issues 6.1
What are the main stages of the b...,
What is gdp 2,
How does changes on employment le...
11  cards
Environmental and ethical issues 6.2
How does business activity impact...,
What is external costs and the co...,
What is external benefits and the...
9  cards
Business and the international economy 6.3
What is globalisation 1,
What is the reason for glovalisat...,
What are opportunities the of glo...
6  cards

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Business

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