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Unit 1 (Business enviroment)

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

By: Laycee Jesson
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Decks in this class (18)

1.1 Types of business activity
What are primary activities of a ...,
What are the secondary activities...,
What are
6  cards
1.2 Different sectors of operation
What is the private sector,
What is the public sector,
What is the third sector
3  cards
1.3 Different forms of legal ownership
What type of business operate wit...,
What are the advantages of a sole...,
What are the disadvantages of a s...
13  cards
1.4 Factors which inform business ownership
What are the legal requirementss ...,
What is the memorandum of associa...,
What is the artcles of association
3  cards
1.5 Differing business aims and objectives
What is an aim,
What is an objective,
3  cards
2.1 Functional areas of a business
What is a functional area,
What are the key functional areas...,
What does finance carry out
11  cards
2.2 How functional areas are interdependent
How are functional areas interdep...,
What is the definition of interre...,
What are the consequences of poor...
3  cards
3.1 Different organisational structures
What is an organisational structure,
What does an organisational chart...,
What are the different ways of or...
12  cards
3.3 How organisational structures impact on operations
What is empowerment,
What is delegation,
What is accountability
7  cards
4.3 How to interpret financial statements
What is an income statement,
What are the components,
What is a statement of financial ...
10  cards
5.2 How stakeholders can influence business behaviour
What actions can employees take t...,
What actions can trade unions tak...,
What actions can customers take t...
9  cards
5.3 Stakeholder conflict
What will a mediator do,
What are the benefits of using a ...,
What are the drawback of using a ...
3  cards
5.4 Consequences to a business of not listening to its stakeholders
Consequences of not listening to ...
1  cards
6.1 legislation
What is companies act,
What is the partnership act,
What is the consumer rights act
11  cards
7.1 Why businesses plan
Why make a business plan,
Why a business might fail
2  cards
7.3 What is included in a business plan
What is included in a business plan
1  cards
8.1 Factors affecting success and failure of a business
What are financial factors,
What are non financial factors
2  cards
8.3 How to interpret business performance
Examples of how to interpret busi...,
What is benchmarking,
What can be measured with benchma...
5  cards

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Unit 1 (Business enviroment)

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