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Business Edexcel AS

This class was created by Brainscape user Rebecca Brittain. Visit their profile to learn more about the creator.

By: Rebecca Brittain
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Decks in this class (25)

KT1: 1.2.1 Demand
Complementary goods,
Inferior goods,
Luxury goods
6  cards
KT2: 1.1.1 The market, 1.1.2 Market Research
Economies of scale,
Franchise,
Generic brands
8  cards
KT3: 1.2.2 Supply, 1.2.3 markets
Market price,
Supply chain,
Supply curve
6  cards
KT4; 1.1.3 Market positioning, 1.4.4 motivation in theory
Market map,
Price elasticity,
Unique selling point
3  cards
KT5: 1.2.4 PED, 1.2.5 YED
External constraint,
Predatory pricing,
Price elastic
7  cards
KT7: 1.3.1 product/service design, 1.3.2 Distribution
Prototype,
Sustainability,
Capacity utilisation
5  cards
KT9: 1.3.3 Pricing strategies, 1.3.4 Distribution
Loss leader,
Price elasticity,
Price sensitive
10  cards
KT6: 1.4.4 motivation in theory, 1.4.5 leadership
Division of labor,
Hygiene factors,
Job satisfaction
11  cards
KT8: 1.5.1 role of an entrepreneur, 1.5.2 Entrepreneurial motives and characteristics
Franchise,
Geographical mapping,
Innovations
9  cards
KT10: 1.5.3 Business objectives, 1.5.4 Forms of business
Budgets,
Corporate objectives,
Delegation
18  cards
KT11: 1.3.5 Marketing strategy
Cash cow,
Dog,
Extension statergy
8  cards
KT12: 1.5.5 Business choices, 1.5.6 Moving from entrepreneur to leader
Opportunity cost,
Trade off,
Delegation
5  cards
KT13: 1.4 HRM, 1.4.1 Approaches to staffing
Labour turnover,
Outsourcing,
Redeployment
9  cards
KT14: 2.4 Production, productivity and efficiency
Fixed costs,
Variable costs,
Enterprise resource planning
9  cards
KT15: 1.4.2 recruitment, selection and training, 1.4.3 organisational design, 2.1.1 internal finance
Induction training,
Labour turnover,
Off the job training
17  cards
KT16: 2.4.2 capacity utilisation
Downtime,
Excess capacity,
Rationalisation
4  cards
KT17: 2.1.2 external finance, 2.1.3 liability, 2.1.4 planning
Bankrupt,
Creditors,
Limited liabilities
11  cards
KT18: 2.4.3 stock control
Buffer stock,
Comparative advantage,
Competitiveness
4  cards
KT19: 2.2.1 sales forecasting, 2.2.2 sales revenue and costs
Contingency plans,
Real incomes,
Sales forecast
11  cards
KT20: 2.4.4 quality management
Competitiveness,
Right first time,
Trade off
4  cards
KT21: 2.2.3 breakeven, 2.2.4 budgets
Break even chart,
Contribution,
Fixed costs
12  cards
KT22: 2.5.1 economic influences, 2.5.2 legislation
Consumer demand,
Discretionary income,
Economic climate
8  cards
KT23: 2.3.1 Profit, 2.3.2 Liquidity
Corporation tax,
Dividends,
Fixed overheads
8  cards
KT24: 2.5.3 the competitive environment
Collusion,
Non price competition,
Oligopolies
4  cards
KT25: 2.3.3 Business failure
Administration,
Business model
2  cards

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Business Edexcel AS

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