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becky nixon
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Decks in this class (29)
Understanding the nature and purpose of a business
Why do businesses exist,
Supplier of goods and services,
Impact of a business on the count...
7
cards
Marketing mix
What are the 7 ps,
Example of process,
List factors influencing the mark...
6
cards
Product life cycle
What are the two types of stakeho...,
Why are employees internal stakeh...,
Why are suppliers external stakeh...
12
cards
Decision making
What are the ways of making decis...,
What is scientific decision making,
What are the advanatages of scien...
6
cards
Understanding different business forms
What is a sole trader,
Advantages of being a sole trader,
Disadvantages of being a sole trader
18
cards
Improving efficiency and productivity: Capacity
What is capacity,
Why is capacity important,
Why is productivity imporant
7
cards
Productivity and efficiency
What is productivity,
What is efficiency,
What does lean production do
9
cards
HR formulas
Labour turnover formula,
Labour retention formula,
Labour productivity
5
cards
Product life cycle
List the stages in the product li...,
Development stage,
Introduction stage
11
cards
Promotion
What are promotional methods,
List promotional methods,
Ao1 for advertising describe and ...
9
cards
Marketing objectives
State possible marketing objectives,
Marketing objectives sales volume,
Marketing objectives sales value
18
cards
Motivation theorists
What three states of mind that em...,
What are hygeine factors
2
cards
Income elasticity of demand
What is the formula for income el...,
Yed interpretation a positive sign,
Yed interpretation negative sign
8
cards
MCQ Paper 1 revision practice
Formula for market capitalisation,
What are recievables,
What are payables
19
cards
Understanding management decision making
What are potential risks that goo...,
What are scientific decisions,
How to work out net gain
6
cards
Improving motivation and engagement
Influences on the choice and asse...,
What are the advantages of having...,
What is taylor s theory on motiva...
21
cards
Improving cash flow and profit
How can profit and profitability ...,
What are the challenges of improv...,
What are the challeneges of impro...
3
cards
Managing inventory and supply chains
Give examplees of operational obj...,
What are ways you can improve the...,
What is the impact of flexibilty ...
19
cards
Using the Marketing mix
What are the 7 ps,
People,
Process
9
cards
Segmentation, targeting, positioning
What is market segmentation,
Choosing market mix,
Choosing promotion
11
cards
Understanding markets and customers
Market share formula,
Market growth meaning,
Sales growth meaning
12
cards
Pricing strategies BEST
What are the four factors tthat i...,
Why is cost a key factor of prici...,
Why is the product life cycle a k...
15
cards
Internal and external influences on the mission of a business
3.7.1 Mission, corporate objectives and strategy (blue spec sheet) - Influences on thee mission of a business. Complete.
3
cards
Internal and external influences on corporate objectives and decisions
Define short termism,
What is a disadvantage of short t...,
How does business ownership influ...
10
cards
The value of SWOT analysis
Define swot analysis,
What are the benefits of swot ana...,
What can swot look to do
3
cards
Analysing the internal position: financial ratio analysis
Define balance sheet
1
cards
Distribution channels GOOD
What are distribution channels,
What are the distribution channel...,
Example of businesses having mult...
6
cards
Income statements
What is an income statement
1
cards
Porters Generic Forces
What are the two basic types of c...,
What is cost leadership porters g...,
How could a cost leadership strat...
11
cards
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