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Decks in this class (36)

Purpose Of Business Activity
What purpose do businesses serve,
Needs,
Wants
8  cards
Specialisation
What is specialisation,
Division of labour,
Advantages of specialisation
4  cards
Classification Of Businesses
Primary sector,
Secondary sectors,
Tertiary sector
5  cards
Enterprise
Enterprise,
Entrepreneur,
Risks of starting a business
11  cards
Business Objectives
What is an aim,
Objective,
Mission statement
7  cards
Business Plan
What is a business plan,
Why is a business plan important,
Features of a business plan
4  cards
Growths
Internal growth,
External growth,
Internal advantages
11  cards
Ownerships
Sole traders,
Advantages of sole traders,
Disadvantages
9  cards
Franchises
Advantages of franchising,
Disadvantages of franchising,
What is the differences between f...
4  cards
Private/public Limited Company
Private limited company ltds,
Advantages of ltds,
Disadvantages of ltds
7  cards
Stakeholders
Stakeholders,
Internal stakeholders,
External stakeholders
5  cards
Marketing
What is marketing,
Customer loyalty,
Niche marketing
8  cards
Market Research
What is market research,
What do business research on,
Qualitative data
14  cards
The Market Segmentation
Market segmentation,
Why do business use market segmen...,
Types of market segmentation
4  cards
Price (Marketing Mix)
Types of pricing strategies,
Price skimming,
Price penetration
18  cards
Product
How to design a product,
Product life cycle,
Extension strategies
10  cards
Promotion
Types of promotion,
Advertisement,
Bogof meaning advantages and disa...
11  cards
Places
Distribution channels,
Wholesaler,
Retailers
13  cards
Motivation
Why is have employees motivated a...,
Types of management styles,
Advantages autocratic
14  cards
Organisational Structures
Hierarchy,
Functions of an organisational st...,
Chain of command
21  cards
Trade Unions
Trade unions,
Advantages,
Trade unions disadvantages
3  cards
Recruitment
The process of recruitment,
Why do they need to recruit people,
Features of a job description
22  cards
Communication
Communication definition,
Why is effective communication im...,
Internal communication definition
13  cards
Production of a business
Types of production,
Flow production definition,
Job production advantages
10  cards
Productivity
What is productivity,
Labour productivity definition an...,
How can productivity be increased
4  cards
Quality
What is quality,
Quality control,
Quality assurance
11  cards
Lean production
Lean production,
Kaizen,
Kaizen advantages
11  cards
Location
Factors influencing location deci...,
Factors influencing location deci...,
Factors to consider when deciding...
3  cards
Cost Scale of Production and Break Even Analysis
Types of business costs,
Economies of scales,
Diseconomies of scale
13  cards
Busienss Finance Needs and Sources
Reasons why business need finance,
Types of sources of finance,
Retained profit definition and ad...
12  cards
Cash Flow Forecasting and Working Captial
Why is cash important to a business,
What is cash flow,
Profit definitions and equation
9  cards
Economic Issues
What is gpd,
Business cycle trade cycle,
Inflation
17  cards
Ethics and the environment
What is the definition of ethics,
Examples of ethics,
Advantages of being ethical
10  cards
Income Statements
How is profit made,
What is an income statement,
Revenue
10  cards
Balance Sheets
Balance sheet,
Assets definition and types,
Fixed assets definition and examples
17  cards
Business and the International Company
Globalisation,
Multinational company,
Benefit to a business of becoming...
4  cards

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Business IGCSE

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