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Darcey Lamont
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Decks in this class (29)
UNIT 1 - Chap 1: Business activity
Need,
Want,
Economic problem
20
cards
UNIT 1 - Chap 2: Classification of businesses
The primary sector of industry ex...,
The secondary sector of industry ...,
The tertiary sector of industry p...
12
cards
UNIT 1 - Chap 3: Enterprise, business growth and size
Entrepreneur is a person who orga...,
A business plan is a document con...,
Capital employed is the total val...
18
cards
UNIT 1 - Chap 4: Types of business organisation
Sole trader,
Advantages of a sole trader,
Disadvantages of a sole trader
30
cards
UNIT 1 - Chap 5: Business objectives and stakeholder objectives
Business objectives,
What are the business objectives,
Profit
17
cards
UNIT 2 - Chap 6: Motivating employees
What is the definition of motivation,
Why do people work 5,
What are the benefits of a well m...
51
cards
UNIT 2 - Chap 7: Organisation and management
What are the functions of a manag...,
Explain what planning is,
Explain what organising is
37
cards
UNIT 2 - Chap 8: Recruitment, selection and training of employees
What is the recruitment process 7...,
What is the definition for job an...,
What is the definition for job de...
18
cards
UNIT 2 - Chap 9: Internal and external communication
What are the 2 types of communica...,
What is internal communication,
What is external communication
19
cards
UNIT 3 - Chap 10: Marketing, competition and the customer
Marketing is identifying customer...,
A customer is a person business o...,
Customer loyalty is when existing...
13
cards
UNIT 3 - Chap 11: Market research
What is the definition of market ...,
What are the 4 main piece of info...,
What is the definition of product...
24
cards
UNIT 3 - Chap 12: The Marketing Mix: Product
What is the definition for the ma...,
What are the 2 benefits of the ma...,
What are the 3 drawbacks of the m...
15
cards
UNIT 3 - Chap 13: The Marketing Mix: Price
What are the 5 types of pricing 5,
What is the definition for cost p...,
What is the definition of competi...
21
cards
UNIT 3 - Chap 14: The Marketing Mix: Place
What is the definition of the dis...,
What is the definition of the pro...,
What is the definition of a whole...
13
cards
UNIT 3 - Chap 15: The Marketing Mix: Promotion
What are the 2 different types of...,
Explain what advertising means,
Explain what sales promotion means
33
cards
UNIT 3 - Chap 16: The Marketing Mix: Technology and the marketing mix
What is the definition e commerce,
What are the 3 benefits of of e c...,
What are the 3 drawbacks of of e ...
5
cards
UNIT 3 - Chap 17: The Marketing strategy
What are the 3 legal controls on ...,
Explain what the weight and measu...,
Explain what the trade descriptio...
13
cards
UNIT 4 - Chap 18: Production of goods and services
What is production,
What is productivity,
What is the productivity formula
27
cards
UNIT 4 - Chap 19: Cost, scale of production and break-even analysis
Fixed cost,
Variable cost,
Total cost
27
cards
UNIT 4 - Chap 20: Achieving quality production
Why is quality important 5,
What is quality,
What is quality contral
11
cards
UNIT 4 - Chap 21: Location decisions
Factors influencing the location ...,
Factors influencing the location ...,
Factors to consider when deciding...
4
cards
UNIT 5 - Chap 22: Business finance: needs and sources
Start up capital,
Working capital,
Capital expenditure
39
cards
UNIT 5 - Chap 23: Cash Flow Forecasting & Working Capital
Why is cash important to a business,
What is the definition of a cash ...,
What is the definition of cash in...
15
cards
UNIT 5 - Chap 24: Income statements
What are the 3 importance of prof...,
Describe what a reward for risk is,
Describe what a reward for risk is
14
cards
UNIT 5 - Chap 25: Statement of financial position
What is the definition of sofp,
What are the 6 key parts of a sofp,
Describe what assets are
12
cards
UNIT 5 - Chap 26: Analysis of accounts
Are profit and profitability the ...,
Profitability is the measurement ...,
What kind of number is profitabil...
28
cards
UNIT 6 - Chap 27: Economic Issues
What is gdp,
4 stages in the business cycle,
Growth gdp is rising and unemploy...
23
cards
UNIT 6 - Chap 28: Environmental and ethical issues
How businesses can impact the env...,
What is externalities,
What are external cost
13
cards
UNIT 6 - Chap 29: Business & the international economy
What is globalisation is the term...,
Reasons for an increase in global...,
Opportunities for businesses due ...
12
cards
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