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Business - Paper 1
> Differing aims and objectives > Flashcards
Differing aims and objectives Flashcards
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Business - Paper 1
(41 decks)
The dynamic nature of business
Risk and Reward
The role of business enterprise
The importance of added value
The role of entrepreneurship
Customer needs 1 + 2
Role of market research
Types of market research
Market research data
Market segmentation
Market mapping
Competition
Competitive markets
Aims and objectives
Differing aims and objectives
Revenue and costs - CALCS
Profit and loss - CALCS
Break even charts
Using break even
Calculating cash flow
Importance of cash to a business
Short term sources of finance
Long term sources of finance
Limited liability
Types of business ownerships
Franchising
Business location
Marketing mix
Influences on the marketing mix
Business plan
Nature of business planning
Stakeholders
Stakeholder conflict
Technology and business
Principles of consumer law
Principles of employment law
Economy and business
Unemployment and inflation
Interest rates
Exchange rates
External influences
