National 5 Business Management

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

Decks in this class (49)

Role of Business in Society
What do businesses exist to do,
What is a need,
What is a good
18  cards
The Private Sector
What is the sole trader,
What are the key features of a so...,
What are the advantages of a sole...
20  cards
The Public Sector
What is the public sector,
What are 3 key features of the pu...,
What is 4 examples of the public ...
13  cards
The Third Sector
What is the third sector,
What is a charity,
What are the advantages of a charity
11  cards
Social Enterprise
What is social enterprise,
What are 3 key features of social...,
What are 2 advantages of social e...
4  cards
Customer Satisfaction/Service/Care
What does customer satisfaction s...,
How do organisations ensure custo...,
How do organisations know if cust...
4  cards
Internal Factors
What is a internal factor,
What are the 3 examples of intern...,
What is availability of finance
8  cards
External Factors (PESTEC)
What is external factors,
What does the term pestec mean,
What does political
28  cards
Stakeholders
What is a stakeholder,
What is an internal stakeholder,
What is an external stakeholder
5  cards
The Role of Marketing
What is marketing about,
What does marketing involve,
What does the term market mean
6  cards
Customers and Market Segments
What does market segment mean,
What does target marketing mean,
What are 6 examples of market seg...
10  cards
Market Research
What is market research,
What are the two types of market ...,
What is field research
8  cards
Field Research Methods
What are the 6 methods of field r...,
What is personal interviews,
What are 3 advantages of personal...
19  cards
Desk Research Methods
What are the 5 desk research methods
1  cards
Marketing Mix
What is marketing mix,
What is a product,
What is a price
5  cards
Product (GAPTAP)
What is product development resea...,
What are the series of stages the...,
What does generating the idea inv...
8  cards
Branding
What is branding,
What are 3 advantages of branding,
What are 3 disadvantages of branding
3  cards
Own Brands
What are own brands,
What are the 3 key points of own ...
2  cards
Packaging
What is packaging,
What are 3 advantages of packaging,
What are 3 disadvantages of packa...
3  cards
Product Life Cycle
What is product life cycle,
What are the 5 stages of the prod...,
What is research and development
7  cards
Price
What is price mean,
What are examples of factors affe...,
What are the 7 price strategies
10  cards
Place
What are 4 factors affecting choi...
1  cards
Methods of Distribution
What are the 4 methods of distrib...,
What are the advantages of delive...,
What are the disadvantages of del...
9  cards
Promotion
What does promotion mean,
What are the 9 methods of sales p...,
What does special offers mean
11  cards
Advertising
What does advertising mean,
What is informative adverse,
What is persuasive adverts
25  cards
Ethical Marketing
What is the advertising standards...,
What is ethical marketing
2  cards
Technology (Marketing)
What is technology,
What are the 6 technology methods,
What is spreadsheets used for
8  cards
E-Commerce
What is e commerce,
What are the 3 advantages of usin...,
What are the 3 disadvantages of u...
5  cards
Recruitment
What is recruitment,
What are the 5 stages of the recr...,
What is identify the vacancy recr...
14  cards
Selection
What is selection,
What are the 5 stages of selection,
What are application forms
20  cards
Training
What are the benefits of training,
What are the costs of training,
What are the 3 types of training
19  cards
Motivating and Retaining
What are the 6 financial incentiv...,
What is increased salary,
What is time rate
28  cards
Legislation
What are the 5 types of legislation,
What is the equality act 2010,
What is the health and safety at ...
6  cards
Technology (People)
What are the 6 types of technology,
What are databases,
What is word processing
7  cards
Operations
What are operations,
What are the 3 stages of making p...,
What is input
5  cards
Suppliers
What are the 9 factors affecting ...,
What is price and what it its jus...,
What is quality and what is its j...
5  cards
Inventory Management
Why is inventory management impor...,
What is understocking,
What are the consequences of unde...
5  cards
Inventory Record Keeping
What are the 2 types of inventory...,
What is manual record keeping,
What is computerised record keeping
4  cards
Inventory Control Diagram
What are the 3 parts of the inven...,
What is the minimum inventory level,
What is the minimum inventory level
5  cards
Methods of Production
What are the 3 methods of production,
What is job production,
What are the advantages of job pr...
16  cards
Quality
What are the 7 types of qualities,
What are quality inputs,
What is quality control
7  cards
Ethics and the Environment
What is ethical,
What are the advantages of ethics,
What are the disadvantages of ethics
6  cards
Technology (Operations)
What is technology,
What are the 7 types of technology,
What are internet websites
6  cards
Sources of Finance
What is source of finance,
What are the 10 private sectors s...,
What are the 2 public sectors sou...
4  cards
Sources of Finance (Private Sector)
What is owner s equity sole trade...,
What are the advantages of owner ...,
What is a disadvantage of owner s...
29  cards
Break-even
What is break even,
What are fixed costs,
What are variable costs
6  cards
Cash Budgeting
What are cash budgets,
What are the purposes of a cash b...,
How does a business generate cash
6  cards
Income Statement
What does the amount of profit ma...,
How can a business make a loss,
What is the calculation to find t...
8  cards
Technology (Finance)
What are spreadsheets,
What are the advantages of spread...,
What are databases
7  cards

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National 5 Business Management

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