This class was created by Brainscape user Conor Horgan. Visit their profile to learn more about the creator.
By:
Conor Horgan
- decks
- flashcards
- learners
Decks in this class (71)
1.1a Business Objectives
Mission definition 1,
Mission statement definition 2,
What does smart objectives stand ...
3
cards
1.1b Costs
Variable costs definition 1,
Do fixed costs change as output v...,
Total costs formula 3
5
cards
1.1c Revenue and Profit
Total revenue formula 1,
Profit formula 2,
Perfect competition definition 3
3
cards
1.2a Sole Traders
Sole trader definition 1,
Advantages of sole traders 2,
Disadvantages of sole traders 3
3
cards
1.2b Limited Companies
Do limited companies have limited...,
Who owns limited companies 2,
Who can ltd companies sell shares...
15
cards
1.2c Shareholding
How many shareholders can there b...,
What must happen in order to buy ...,
Trading of plc shares on stock ex...
16
cards
1.2d Public and Private Sector
What does the private sector cons...,
Why would a business be privatised 2,
What does the public sector consi...
7
cards
1.2e Non-Profit Organisations
Non profit organisations definiti...,
What do non profit organisations ...,
Are charities a separate legal st...
10
cards
1.3a Demand
Pestle analysis definition 1,
Pestle meaning 2,
Inelastic product examples 3
9
cards
2.1a Managers and Leaders
Who are more risk averse managers...,
Four main types of management 2,
Autocratic management features 3
9
cards
2.1b Leadership Models
What did tannenbaum and schmidt s...,
What are the two factors in tanne...,
Four styles of leadership on tann...
7
cards
2.2a Decision Making
Scientific decision making defini...,
Advantages of scientific decision...,
Disadvantages of scientific decis...
7
cards
2.2c Opportunity Cost
Opportunity cost definition 1,
Opportunity cost of less market r...
2
cards
2.2d Decision Trees
Decision tree definition 1,
What do squares represent in deci...,
What do circles represent in deci...
9
cards
2.3a Stakeholder Perspectives
Stakeholder definition 1,
Internal stakeholder examples 2,
External stakeholder examples 3
5
cards
2.3b Communication
Advantages of effective communica...
1
cards
3.1a Marketing Objectives
Marketing definition 1,
Marketing objectives definition 2,
Marketing objectives 3
10
cards
3.2a Primary Market Research
Market research definition 1,
Primary research definition 2,
Primary research is also known as 3
17
cards
3.2b Secondary Market Research
Secondary research definition 1,
Secondary research is also known ...,
Secondary research examples 3
7
cards
3.2c Analysing Market Data
Value formula 1,
Volume formula 2,
Market growth definition 3
9
cards
3.2d Sampling
Sampling definition 1,
Advantages of sampling 2,
Disadvantages of sampling 3
14
cards
3.2e Extrapolation
Three statistical techniques used...,
What do confidence intervals asse...,
What is used to show the accuracy...
12
cards
3.2f Correlation
What does correlation look at 1,
What is correlation measured with 2,
Three kinds of correlation 3
4
cards
3.2g Price Elasticity of Demand
What does ped measure 1,
Ped formula 2,
What is the ped if demand is perf...
10
cards
3.2h Price Elasticity of Demand (2)
Should a business aim to have ela...,
What effects ped of a product 2,
How to ensure products are price ...
3
cards
3.2i Income Elasticity of Demand
What does yed measure 1,
Yed formula 2,
What yed does a normal necessity ...
8
cards
3.2j Using Technology to Collect Marketing Data
Technology businesses can use to ...
1
cards
3.2k Collecting Data to Make Marketing Decisions
Marketing definition 1,
Advantages of marketing 2,
Disadvantages of marketing 3
3
cards
3.3a Market Mapping
What does market mapping do 1,
Advantages of market mapping 2,
Disadvantages of market mapping 3
3
cards
3.3b STP: Market Segmentation
What does stp stand for 1,
Segmentation involves the business 2,
Market segment definition 3
4
cards
3.3c STP: Market Segmentation (2)
Market segmentation is used for 1,
Advantages of market segmentation 2,
Disadvantages of market segmentat...
3
cards
3.3d STP: Target and Positioning
What does targeting involve 1,
Niche marketing definition 2,
Advantages of niche marketing 3
14
cards
3.4a The Marketing Mix
The seven p s 1,
Main influences of the marketing ...,
Three elements of a product 3
17
cards
3.4b New Product Development
New product development definition 1,
Stages of new product development 2,
Advantages of focusing on core pr...
5
cards
3.4c Product - Boston Matrix
Product portfolio definition 1,
Boston matrix definition 2,
Four categories in boston matrix 3
12
cards
3.4d Product Life Cycle
The product life cycle is short if 1,
What can product life cycle be us...,
Stages of product life cycle 3
11
cards
3.4e Pricing Decisions
How does penetration pricing work 1,
When would penetration pricing wo...,
How does price skimming work 3
13
cards
3.4f Promotional Mix
Promotion definition 1,
Above the line promotion features 2,
Below the line promotion features 3
20
cards
3.4g Place
Factors that dictate where a reta...,
Where are the most appealing prod...,
Where are similar products placed...
14
cards
3.4i Influences on an Integrated Marketing Mix
Functions of a business 1,
Influences of the market mix 2
2
cards
4.1a Understanding Operational Objectives
Operations management definition 1,
Operational objectives definition 2,
Unit cost definition 3
21
cards
4.2a Unit Costs
What is unit cost also known as 1,
Lower unit costs can be achieved ...
2
cards
4.2b Capacity
Capacity definition 1,
Capacity utilisation definition 2,
Capacity shortage definition 3
11
cards
4.3a Labour Vs Capital
Four factors of production 1,
Labour intensive definition 2,
Capital intensive definition 3
7
cards
4.3b Labour Productivity
Labour productivity definition 1,
Labour productivity formula 2,
Ways to improve labour productivi...
17
cards
4.3c Technology
Technology definition 1,
Uses of robots in manufacturing 2,
Advantages of robotics 3
11
cards
4.4a Quality / 4.4b Managing Quality
Advantages of better quality 1,
Quality objectives 2,
What is quality management concer...
21
cards
4.4c Suppliers
Supplier definition 1,
Suppliers are important because 2,
Payment terms definition 3
9
cards
4.4d Improving flexibility
Ways flexibility can be improved 1,
Ways to manage supply 2,
Produce to order definition 3
29
cards
4.4e Inventory Control
Inventory control definition 1,
When are low inventory levels use...,
Advantages of low inventory levels 3
13
cards
5.1a Financial Objectives
Financial objectives definition 1,
Why do businesses set financial o...,
Financial objectives examples 3
17
cards
5.2a Contribution
Profit formulae 1,
Contribution per unit formula 2,
Total contribution formulae 3
3
cards
5.2b Break Even
Break even point definition 1,
Three methods of calculating brea...,
Break even point formula 3
9
cards
5.2d Cashflow
Cash flow forecasting definition 1,
Cash flow cycle definition 2,
Closing balance formula 3
10
cards
5.2e Working Capital
Working capital definition 1,
What does working capital cycle w...,
Length of cycle formula 3
8
cards
5.2f Setting Budgets
Why do businesses use budgets 1,
Three types of budget 2,
Key start up costs 3
10
cards
5.2g Variance Analysis
Variance analysis definition 1,
Favourable variable analysis defi...,
Adverse variable analysis definit...
8
cards
5.3a Sources of Finance
What does internal sources include 1,
What does external sources include 2,
Short term finance definition 3
33
cards
5.4a Improving Cash Flow
Cash flow issues can be improved ...,
Good cash flow forecast features 2
2
cards
5.4b Analysing Profitability
What do income statements identify 1,
Gross profit margin formula 2,
Gross profit formula 3
7
cards
5.4c Methods of Improving Profit
Ways to improve profit 1,
Net profit formula 2,
Why increasing quantity sold may ...
6
cards
5.5a Making Financial Decisions
Management accounting definiton 1,
Financial accounting definition 2
2
cards
5.5b Internal/External Influences on Financial Objectives
Main reasons markets change rapid...,
Internal factors on a business 2
2
cards
6.1a Understanding Human Resource Objectives
Human resources management defini...,
Human resources definition 2,
Reasons human resource management...
14
cards
6.2a Analysing HR performance
Labour turnover definition 1,
Labour turnover formula 2,
Advantages of staff leaving 3
13
cards
6.3a Organisational design
Organisational design definition 1,
What do organisational chart s sh...,
Span of control definition 3
29
cards
6.3b HR Flow
A hr plan does what 1,
Recruitment definition 2,
Job description definition 3
24
cards
6.4a Motivational Theories
Motivation definition 1,
Advantages of a well motivated wo...,
Frederick taylor beliefs 3
16
cards
6.4b Financial vs Non-Financial Rewards
Ways to improve engagement and mo...,
Financial incentives examples 2,
Non financial incentives 3
32
cards
6.4c Job Design
Organisational influences on job ...,
Employee related influences on jo...,
What is the hackman and oldham jo...
8
cards
6.5a Employer-Employee relations
Businesses communicate with emplo...,
Barriers to communication 2,
Trade union definition 3
24
cards
More about
Business Studies AS
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Conor Horgan's Business Studies AS flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Business studies (A levels)
- 40 decks
- 1269 flashcards
- 3519 learners
Decks:
Chapter 1 Enterprise, Ratios, Chapter 2 Business Structure, And more!
Business Studies As Levels
- 23 decks
- 502 flashcards
- 1227 learners
Decks:
Unit 1 Chapter 1 Enterprise, Unit 1 Chapter 2 Part 1 Business Structu, Unit 2 Chapter 8 Management And Leadersh, And more!
Business AS
- 22 decks
- 607 flashcards
- 121 learners
Decks:
2 Business Structure, 1 Enterprise, 4 Business Objectives, And more!
