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By:
Callum Allen
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Decks in this class (41)
1.1.1 Dynamic Nature is Business
Entrepreneur,
Dynamic,
Obsolete
12
cards
1.1.2 Risk and Reward
Risk,
Calculated risk,
Risks an entrepreneur may face
15
cards
1.1.3 The role of business entreprise
Products,
Services,
Need
12
cards
1.2.1 Customer Needs
4 customer needs marketing mix,
Price,
Quality
7
cards
1.2.2 Market Research
Primary research,
Prim,
Primary research disadvantage
25
cards
1.2.3 Market Segmentation
Market segmentation,
Ways to market segment,
Market mapping
3
cards
1.2.4 Competitive Environment
Usp,
Product range,
Customer service
6
cards
1.3.1 Business Aims and Objectives
Aim,
Objective,
Smart acronym
7
cards
1.3.2 Business Revenue, Costs and Profit
Revenue formula,
Revenue definition,
Total cost formula
22
cards
1.3.3 Break Even Analysis
Why is a breakeven point so impor...
1
cards
1.3.4 Cash and Cashflow
Cashflow definition,
Net cashflow formula,
Credit terms
11
cards
1.3.5 Sources of Finance
Uses of short term finance,
Overdraft,
Selling assets
11
cards
1.4.1 The options for business start ups
Limited liability,
Unlimited liability,
Sole trader
9
cards
1.4.2 Business Location
What four factors impact where a ...,
Proximity to customers,
Proximity to labour
9
cards
1.4.3 The Marketing Mix
Marketing,
What are the 4ps in the marketing...,
Price
10
cards
1.4.4 Business Plans
Parts of a business plan,
Purpose of a business plan,
Target market
11
cards
1.5.1 Stakeholders
Stakeholder,
Internal stakeholders,
External stakeholders
14
cards
1.5.2 Technology and Business
E commerce,
Advantages of e commerce,
Disadvantages of e commerce
5
cards
1.5.3 Legislation & Business
Consumer rights act 2015,
Trade descriptions act 1968,
Health and safety at work act 1978
5
cards
1.5.4 The Economy & Business
Economy,
Gross domestic product,
4 parts of the business cycle
16
cards
1.5.5 The external Business Environment
How will businesses respond to ch...,
How will businesses respond to ch...,
How will businesses respond to ec...
3
cards
2.1.1 Business Growth
Organic growth,
What can be done for organic growth,
Advantages of organic growth
14
cards
2.1.2 Changes in Business Aims & Objectives
0
cards
2.1.3 Business & Globalisation
0
cards
2.1.4 Ethics, the Environment & Business
0
cards
2.2.1 Product
0
cards
2.2.2 Price
0
cards
2.2.3 Place
0
cards
2.2.4 Promotion
0
cards
2.2.5 Using the Marketing Mix
0
cards
2.3.1 Business Operations
What is flow production,
One advantage of flow production,
One disadvantage of flow production
19
cards
2.3.2 Working With Suppliers
Procurement,
What makes a good supplier,
Why are good suppliers important
7
cards
2.3.3 Managing Quality
Quality,
Benefits of providing high quality,
Quality control
13
cards
2.3.4 Sales Process
Sales process,
Hard approach,
Soft approach
4
cards
2.4.1 Business Calculation
What is gross profit,
What is net profit,
Gross profit formula
12
cards
2.4.2 Understanding Business Performance
What can businesses do with numer...,
Percentage change,
Limitations of financial data
5
cards
2.5.1 Organisational Structure
Organisational structure,
Span of control,
Subordinate
12
cards
2.5.2 Effective Recruitment
0
cards
2.5.3 Effective Training & Development
0
cards
2.5.4 Motivation
0
cards
Formula
Percentage change between 2 numbers,
Total revenue,
Total costs
17
cards
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