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Decks in this class (14)
Business Activity (Chapter 1).
This deck consists of :
Needs.
Wants.
The economic problem.
Factors of production.
Scarcity.
Opportunity cost.
Specialization
Division of labor.
Businesses.
Added Value.
34
cards
Classification of Businesses (Chapter 2)..
Stages of economic activity.
Primary sector of industry.
Secondary sector of industry.
Tertiary sector of industry.
The relative importance of economic sectors.
De-industrialisation.
Mixed economy.
Capital.
27
cards
Enterprise, business growth and size (Chapter 3)..
Enterprise and entrepreneurship.
Characteristics of successful entrepreneurs.
Contents of a business plan and how business plans assist entrepreneurs.
Why governments support business start business start-ups.
How governments support business start-ups.
Methods of measuring business size and limitations of these methods.
Why owners of business may want to expand the business.
Different ways in which a business can grow.
Problems linked to business growth and how these might be overcome.
53
cards
Types of business organisation (Chapter 4).
Business organization: the private sector.
Sole trader.
Advantages and Disadvantages of sole trader businesses.
Partnerships and partnership agreements.
Advantages and Disadvantages of partnerships.
Limited partnerships.
Private Limited Companies.
Disadvantages and Advantages of Private Limited Companies.
62
cards
Business Objectives and Stakeholder Objectives (Chapter 5).
Importance of Setting Business Objectives.
Business Objective Definition.
Objectives for Businesses in the Private Sector.
Survival.
Profit.
Return to shareholders.
Growth.
Market Share.
Providing a service to the Community.
Social Enterprise.
Why business objectives could change.
The main internal and external stakeholder groups and their objectives.
Stakeholder Definition.
Main features of Owners, workers, managers, customers, government, the whole community, and banks.
36
cards
Motivating employees (Chapter 6).
Define motivation,
What are the five reasons why peo...,
Why would money be a reason why p...
67
cards
Organisation and Management (Chapter 7).
What is an organisational structure,
What is an organisational chart,
What is a hierarchy
54
cards
Recruitment, Selection and Training of Employees (Chapter 8).
Define recruitment,
Define employee selection,
What are the 6 responisbilities o...
59
cards
Internal and External Communication (Chapter 9).
What is communication,
What is a message,
What are the three important thin...
32
cards
Marketing, Competition and Customer (Chapter 10).
What is marketing,
What is a customer,
Large business will have differen...
28
cards
Market Research (Chapter 11).
0
cards
The Marketing Mix: Product (Chapter 12).
What is the marketing mix,
What are the four p s of the mark...,
What is the product
32
cards
The Marketing Mix: Price (Chapter 13).
A business can adopt new pricing ...,
What are the main methods of pricing,
Define cost plus pricing
28
cards
The Marketing Mix: Place (Chapter 14).
Why is place important give an ex...,
What is a distribution channel,
What is distribution channel 1
17
cards
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