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soo lynn
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Decks in this class (17)
1.1, 1.2
The economic problem 1,
Need 2,
Want 3
35
cards
1.3 - enterprise, business growth
Characteristic of entrepreneurs 1,
Benefits of starting a business 2,
Risks of starting a business 3
29
cards
1.5 - business objectives
Business objectives 1,
Benefit of setting business objec...,
Different business objectives 3
9
cards
1.4.- business organization
Sole traders proprietors 1,
Advantages of sole trader 2,
Disadvantages of sole trader 3
27
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,
Product oriented business 2,
Market oriented business 3
10
cards
3.3 - marketing mix
Marketing mix 1,
4 main elements in marketing mix 2,
Benefits of developing new produc...
45
cards
3.4 - marketing strategy
Businesses emphasise different el...,
Routine habitual purchases 2,
Informed consumer behaviour 3
8
cards
4.1 - production of goods n services
Production 1,
Productivity 2,
Efficiency 3
31
cards
4.2 - costs, scale of production, break even
Cost 1,
Variable costs 2,
Fixed costs 3
9
cards
4.3 - achieving quality production
Quality 1,
Good quality 2,
Poor quality 3
25
cards
4.4 - location decisions
0
cards
5.1 - business finance
2 types of finance 1,
Internal sources of finance 2,
Internal finance definition 3
48
cards
5.2 - cashflow forecasts and working capital
Cash flow 1,
Cash inflows 2,
Cash outflows 3
19
cards
5.3 - income statement
0
cards
5.4 - statement of financial position
0
cards
5.5 - uses and users of accounts
Formula gross profit margin 1,
Net profit margin 2,
Return on capital employed 3
3
cards
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business
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