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soo lynn
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Decks in this class (22)
1.1, 1.2
The economic problem 1,
Need 2,
Want 3
32
cards
1.3 - enterprise, business growth
Characteristic of entrepreneurs 1,
Benefits of starting a business 2,
Risks of starting a business 3
29
cards
1.4.- business organization
Sole traders proprietors 1,
Advantages of sole trader 2,
Disadvantages of sole trader 3
30
cards
1.5 - business objectives
Business objectives 1,
Need of setting business objectiv...,
Different business objectives pri...
17
cards
2.1 motivating employees
Define motivation 1,
Why do people work 2,
Benefits of a well motivated work...
27
cards
2.2 organisation and management
Organisational charts 1,
Advantages of organisational char...,
Types of organisational charts 3
24
cards
2.3 - recruitment, selection, training of employees
Internal recruitment 1,
Advantages of internal recruitment 2,
Disadvantages of internal recruit...
54
cards
2.4 - internal and external communication
Communication meaning 1,
Internal communication 2,
External communication 3
14
cards
3.1 - marketing, competition, customer
Marketing 1,
Role of marketing 2,
Why consumer spending patterns ma...
20
cards
3.2 - market research
Importance of market research 1,
Market research 2,
Role of market research 3
32
cards
3.3 - marketing mix
Marketing mix 1,
4 main elements in marketing mix 2,
Benefits of developing new produc...
57
cards
3.4 - marketing strategy
Marketing strategy 1,
Importance of the marketing mix i...,
Legal controls on marketing 3
17
cards
4.1 production of goods and services
Production 1,
Factors of production 2,
Productivity 3
35
cards
4.2 - costs, scale of production, break even
Fixed costs 1,
Variable costs 2,
Example of fixed costs 3
35
cards
4.3 - achieving quality production
Quality 1,
Importance of quality 2,
If quality is not maintained 3
14
cards
4.4 - location decisions
Factors affecting the location of...,
Why do production methods affect ...,
Why does the market affect the lo...
28
cards
5.1 - business finance
What do finance departments do 1,
Internal sources of finance 2,
Internal finance definition 3
50
cards
5.2 - cashflow forecasts and working capital
Cash flow 1,
Cash inflows 2,
Cash outflows 3
20
cards
5.3 - income statement
Income statement 1,
How to calculate profit 2,
How is profit made 3
9
cards
5.4 - statement of financial position
Statement of a financial position 1,
A statement of financial position...,
How to calculate assets 3
13
cards
5.5 - uses and users of accounts
Formula gross profit margin 1,
Net profit margin 2,
Return on capital employed 3
3
cards
5.1 business finance
What do finance departments do 1,
Main reasons why businesses need ...,
Start up capital 3
54
cards
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