Business Studies

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Decks in this class (35)

Businesses - Unit 1
What is the purpose of a business 1
1  cards
Understanding Customer Needs - Unit 1
If you are meeting customer needs...,
Market research can tell a busine...,
What is primary research 3
10  cards
Market Mapping - Unit 1
What does analysing customer buyi...,
What are market segments 2,
Segmentation allows a business to...
4  cards
Competition - Unit 1
Name at least 3 ways a business c...,
A brand is 2,
A business might use a number of ...
3  cards
Added Value - Unit 1
What does adding value mean 1,
How can a business add value name...,
The higher the added value the qu...
4  cards
Franchising - Unit 1
What is a franchise 1,
What s a franchisor 2,
What is a franchisee 3
6  cards
Enterprise - Unit 1
What is an entrepreneur 1,
What is enterprise 2,
Enterprises are another word for ...
5  cards
Thinking Creatively - Unit 1
What does thinking creatively mean 1,
You can create new ideas by using...,
What is blue skies thinking 3
6  cards
Questions Entrepreneurs Ask - Unit 1
It s vitally important that entre...,
How where and when are examples of 2,
What if questions are very import...
4  cards
Invention And Innovation - Unit 1
Invention and innovation are risk...,
What is inventing 2,
Businesses can gain a _________ a...
7  cards
Taking A Calculated Risk - Unit 1
What is taking a calculated risk 1,
Name 3 different examples of a ca...,
Making mistake is important becau...
4  cards
Other Important Enterprise Skills - Unit 1
What are at least 5 entrepreneur ...,
Mind maps are an example of 2,
What are the 4 elements of the ma...
3  cards
Objectives When Starting Up - Unit 1
What are objectives 1,
What are the two typical objectiv...,
What is a financial objective 3
4  cards
Limited Liability - Unit 1
What does unlimited liability mean 1,
What does limited liability mean 2,
What s a sole trader 3
3  cards
Recruiting, Training And Motivating - Unit 1
What is the recruitment process t...,
The candidate must have the right...,
How can a business motivate staff...
3  cards
Customer Focus - Unit 1
Focusing on the needs of customer...,
What are the three stages of cust...
2  cards
The Marketing Mix - Unit 1 and 3
What are the 4 elements of the ma...,
What things does the product sect...,
What things does the price sectio...
9  cards
Start-up Legal And Tax Issues - Unit 1
Businesses have to follow legal r...,
What is value added tax vat 2,
What is income tax 3
5  cards
Marketing - Unit 3
Marketing involves identifying an...,
What is the marketing process 2,
Businesses need to think about ma...
3  cards
Market Research - Unit 3
What is market research 1,
What are the 3 stages in market r...,
When you re reading about market ...
3  cards
Product Trail And Repeat Purchase - Unit 3
What is a product trail 1,
If product trial is successful it...,
A business must get customers thr...
5  cards
Product Life Cycle - Unit 3
Name the 4 5 stages of the produc...,
What happens at the introduction ...,
What happens at the growth of the...
17  cards
Branding And Differentiation - Unit 3
What is a brand 1,
Branded products are good because...,
You can differentiate a product b...
4  cards
Design And Research Development - Unit 3
What is the scientific research p...,
The design mix a product has can ...,
What are the 3 elements of the de...
3  cards
Managing Stock - Unit 3
What is the maximum stock level 1,
What is the re order level 2,
What is the buffer stock minimum ...
7  cards
Managing Quality - Unit 3
What are the two ways of achievin...,
What is quality control 2,
What is quality assurance 3
3  cards
Cost Effective Operations And Competitiveness - Unit 3
Name at least 2 methods of increa...,
What is productivity 2,
How can a business reduce costs n...
3  cards
Effective Customer Service and customer satisfaction - Unit 1 and 3
What are the drawbacks of poor cu...,
What are 5 things on an effective...,
What are the benefits of good cus...
3  cards
Consumer Protection Laws - Unit 3
What is the sale of goods act and...,
What is the trade descriptions ac...,
What are 2 bad impacts of consume...
4  cards
Improving Cash Flow - Unit 3
What are the 2 things you can do ...,
What is an inflow 2,
What is an outflow 3
6  cards
Improving Profit - Unit 3
What are the 2 areas a business c...,
Improving profit is not easy beca...,
What s the equation for working o...
7  cards
Break-even Charts - Unit 3
Label the break even chart 1,
Variable costs ex 2,
What are fixed costs ex 3
11  cards
Break-even Analysis - Unit 3
What is break even analysis 1,
Break even analysis can identify ...,
When might a business use break e...
4  cards
Finance Growth - Unit 3
0  cards
Structure
When a question says something li...
1  cards

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Business Studies

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