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Phoebe Larner
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Decks in this class (31)
What is a business?
What is a business,
What are goods,
What are services
15
cards
Why set up a business?
Whats an enterprise,
Whats an entrepreneur,
What are reasons an entrepreneur ...
17
cards
Forms of business ownership?
Whats a sole trader,
What are the advantages of being ...,
What are the disadvantages of bei...
21
cards
Aims and Objectives
Whats an aim or an objective,
Why is having an aim objective us...,
Why do different businesses have ...
6
cards
Business growth
What are benefits of a growing bu...,
What are economies of scale,
What are methods of expansion
7
cards
Enterprise
What is an enterprise,
Who carries out enterprise,
Whats creative thinking
9
cards
Market research
Whats a market,
Why are businesses dynamic,
What is marketing
18
cards
The marketing mix
What is the marketing mix,
Why are all elements of the marke...,
Whats the unique selling point
12
cards
Product
Whats a product,
Whats product differentiation,
How is product differentiation is...
12
cards
Price
What are costs,
What are prices,
What are factors to take into acc...
5
cards
Place
What is a place,
What are methods of channel of di...,
Whats an advantage of new improve...
8
cards
Sources of finance
Whats finance,
Why do firms need finance,
Whats a problem with new business...
13
cards
Revenue, cost and profit
What is revenue,
What are costs,
What are two types of costs
9
cards
Cash Flow
What is cash flow,
Whats the process of cash flow,
Whats the difference between prof...
6
cards
Breaking even
Whats the break even point,
Whats good about establishing the...,
How is the break even point calcu...
8
cards
Financial records
What does a trading profit and lo...,
What does a balance sheet show,
What do fixed assets show
11
cards
Organising Staff
What is organisation,
Whats a method of organisation,
Whats an organisation chart
17
cards
Recruitment
Why do organisations draw up work...,
Whats recruitment,
What are job descriptions
14
cards
Motivation
What is motivation,
What does a motivated workforce r...,
How can managers influence employ...
21
cards
Protecting Staff
To prevent exploitation the gover...,
What does protecting workers righ...,
Whats redundancy
7
cards
Communication
Whats communication,
Whats one way communication,
Whats two way communication
18
cards
Production methods
Whats production,
What are the 3 main types of prod...,
What is job production
10
cards
Efficiency
Whats efficiency,
Whats production,
Whats productivity
7
cards
Economies of sale
What is economies of sale,
As some firms grow in size their ...,
What are fixed costs
6
cards
Quality
Whats quality,
Why do firms benefit from indepen...,
Producing faulty goods incurs rep...
7
cards
Stock control
Whats stock,
What is working capital,
What are problems that can occur ...
6
cards
Stakeholders
What is a stakeholder,
Who do stakeholders include,
What are internal stakeholders
9
cards
Ethics
What are ethical firms careful of,
What is ethics what is ethical be...,
What does impact and fairness ref...
8
cards
Business and the environment
Business activity has an impact o...,
What are the unintended negative ...,
What do social costs include
12
cards
Location
Whats location,
A business needs to decide on the...,
Whats infrastructure
6
cards
Economy
Whats the market price,
What is supply demand,
What are the different types of m...
20
cards
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‼️business studies‼️
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