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

Decks in this class (28)

1.1.1- The Markets
Mass market 1,
Niche market 2,
Mass market pros and cons 3
11  cards
1.1.2- Market Research
Product orientation 1,
Market oreintation 2,
Why would a firm want to collect ...
5  cards
1.2.2- Supply
Supply 1,
Basic law of supply 2,
Causes of change in supply 3
4  cards
1.2.3- Markets
Factors effecting supply and dema...
1  cards
1.3.4.- Distribution
Distribution channels 1,
Types of distribution channels 2,
Manufacturer consumer 3
8  cards
1.5.2- Entrepreneurial Motives and Characteristics
Definition of an entrepreneur 1,
Entrepreneurial characteristics 2,
Financial motives for starting a ...
8  cards
1.5.4- Forms of Business
Sole trader 1,
Partnership 2,
Private limited company 3
6  cards
4.1.2- International Trade and Growth
Imports 1,
Exports 2,
Specialisation 3
5  cards
4.1.3- Factors contributing to increased Globalisation
Drivers for international business 1,
Trade liberalisation 2,
Tariff 3
6  cards
4.1.5- Trading Blocs
Trading bloc 1,
Types of trading bloc 2,
General eu facts 3
7  cards
4.2.5- Global Competitiveness
Impact of exchange rates on inter...,
Effect of the exchange rate depen...,
Competitive advantage 3
5  cards
4.4.1- The Impact of MNCs
Multinational 1,
Are mncs good for poorer countries 2,
Why would mncs grow 3
6  cards
2.2.3- Break Even
Definition of break even 1,
Contribution formula 2,
Break even formula 3
5  cards
2.2.4- Budgets
Purpose of a budget 1,
Reasons for budgeting 2,
Zero based budgeting 3
5  cards
2.3.1- Profit
Gross profit margin formula 1,
Operating profit margin formula 2,
Types of profit 3
5  cards
2.3.2- Liquidity
Balance sheet 1,
Assets 2,
Liabilities 3
12  cards
2.4.2- Capacity Utilisation
Capacity utilisation 1,
Capacity utilisation formula 2,
Interpreting capacity utilisation 3
6  cards
3.1.4- Impact of External Influences
Pestle analysis 1,
Political 2,
Economic 3
8  cards
3.3.1- Quantitive Sales Forecasting
Limitations of quantitative sales...
1  cards
3.5.2- Ratio Analysis
Gearing ratio 1,
Capital employed 2,
Current ratio 3
6  cards
1.3.3- Pricing Strategies
Cost plus pricing 1,
Competitive pricing 2,
Skimming or creaming price 3
7  cards
1.4.2- Recruitment Selection and Training
Recruitment process 1,
Internal recruitment 2,
External recruitment 3
7  cards
2.5.1- Economic Influences
Inflation 1,
Consequences of changes in inflat...,
Exchange rate 3
11  cards
2.5.2- Legislation
Consumer protection legislation 1,
Data protection act 2,
Employee protection legislation 3
5  cards
2.5.3- The Competitive Environment
Competitive environment 1,
Nature of ownership 2,
Nature of product or service 3
6  cards
3.4.3- Stakeholders versus Shareholder
Stakeholder 1,
Internal stakeholders 2,
External stakeholders 3
5  cards
4.1.4- Protectionism
Tariffs 1,
Why might tariffs be imposed 2,
Tariffs adv dis 3
8  cards
4.2.3- Assessment of a country as a production location
Labour force 1,
Infrastructure 2,
Location in the trade bloc 3
7  cards

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Business

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