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

Decks in this class (29)

1A Personal motivation for starting a business
What are personal motivations for...,
Personal independence,
What is the formula for profit
6  cards
1B Sources of business opportunity: Part 1
What is innovation,
What is entrepreneurship,
What are market opportunities
5  cards
1C Sources of business opportunity: Part 2
Research and development,
Technological developments,
Global markets
3  cards
1D Characteristics of successful managers & entrepreneurs
Characteristics of an entrepreneur,
What is the difference between a ...,
Why are communication skills impo...
4  cards
1E The importance of business concept development
Trademark,
Patents,
Copyright
5  cards
1F Market research & initial feasibility studies
What is market research,
Qualitative data,
Quantitative data
11  cards
1G The importance of goal setting
What does smart goals stand for,
What are business goals,
What are financial goals
10  cards
1H Businesses’ contribution to the wellbeing of a nation
Define economy,
Define tax,
What is economic growth
12  cards
1I Business innovation & entrepreneurship
What is government investment in ...,
What are business mentorships,
What is a council grant
4  cards
2A Business planning & the business environment
What is the external environment,
What is the internal environment,
What are macro factors list them
4  cards
2B Legal & government regulations
What are legal and government reg...,
What are employment laws and regu...,
What is environmental legislation
6  cards
2C Societal attitudes & behaviour
What are societal attitudes,
What is societal behaviour,
What are values and beliefs
4  cards
2D Economic conditions
What are economic conditions,
What is interest rate,
What is tax rate
5  cards
2E Technological issues
What are technological developments,
List examples of technological de...
2  cards
2F Global issues: Part 1
What are overseas competitors,
What are overseas markets,
What is offshoring labour
5  cards
2G Global issues: Part 2
What are online sales,
What is a copyright what does it do,
What is a trademark
5  cards
2H Corporate social responsibility issues
What is csr,
What are environmental ways that ...,
What are social ways that a busin...
3  cards
2I Customer needs & expectations
What are customer needs,
What are customer expectations
2  cards
2J Competitors' behaviour
What are competitors
1  cards
2K Suppliers & the supply chain
What are suppliers,
What is a supply chain
2  cards
2L Special interest groups
What are special interest groups,
What are unions,
What are business associations
4  cards
3A Types of business structures
What is a sole trader,
What is a partnership,
What is a private limited company
4  cards
3B Types of business models
What is a online business,
What is a bricks and mortar business,
What is a social enterprise
6  cards
3C Business locations
What are business locations,
Where can business operate from
2  cards
3D Resources
What are natural resources,
What are labour resources,
What are capital resources
3  cards
3E Sources of finance
What is equity capital,
What is debt capital,
What is a grant
4  cards
3F Purchasing vs establishing a business
What is goodwill,
What is a customer base
2  cards
3G Business support services
What are business support services,
What is an informal network,
What is a business mentor
3  cards
3H Business plans
What is a business plan
1  cards

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Business Management

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