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Year 12 > Homework flashcards - year 12 > Flashcards

Homework flashcards - year 12

1
Q

benefit of using focus groups

A
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2
Q

benefit of primary research - increased sales volume

A
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3
Q

creating and setting up a business is the most important role of an entrepreneur

A
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4
Q

expanding a business is the most important role of an entrepreneur

A
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5
Q

creativity is the most important characteristic

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6
Q

income statement

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7
Q

benefit of primary research - increased customer loyalty

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8
Q

drawback of primary research

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9
Q

benefit of secondary research

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10
Q

drawback of secondary research

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11
Q

benefit of quantitative data

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12
Q

drawback of quantitative data

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13
Q

benefit of qualitative data

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14
Q

drawback of collecting qualitative data

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15
Q

market segmentation benefit

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16
Q

market segmentation drawback - multiple products

A
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17
Q

market segmentation drawback - not spread risk

A
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18
Q

benefit of effective r&d

A
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19
Q

product orientation benefit

A
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20
Q

product orientation drawback

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21
Q

market orientation benefit

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22
Q

market orientation drawback

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23
Q

benefit of prioritising aesthetics/function on the design mix

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24
Q

drawback of prioritising function on the design mix - investment in marketing

A
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25
drawback of prioritising function on the design mix - more expensive raw materials
26
benefit of prioritising economic manufacturing
27
drawback of prioritising economic manufacturing
28
benefit of adapting the design mix to reflect social trends
29
problem with adapting the design mix to reflect social trends
30
business plan to obtain finance
31
problem with a business plan
32
Sales forecasting – benefit
33
Sales forecasting – Drawback
34
Cash flow Benefit
35
Cash flow Drawback
36
Break-even useful...
37
Break-even not useful...
38
Sole Trader Benefit
39
Sole trader Drawback
40
Partnership Benefit
41
Partnership Drawback
42
Private Limited company Benefit
43
Private limited company Drawback
44
Public limited company Benefit
45
Public Limited company Drawback
46
Franchisor - benefit
47
Franchisor - drawback
48
Franchisee - benefit
49
Franchisee - drawback
50
Retained profit - benefit
51
Retained profit - drawback
52
owners capital - drawback
53
owners capital - benefit
54
sale of asset - benefit
55
Financial Economies of Scale - Benefit
56
Income Elasticity - Spread Risk - Benefit
57
Income Elasticity - Spread Risk - Drawback
58
Inferior Goods
59
Luxury Goods
60
Marketing Economies of Scale - Benefit
61
Normal Goods
62
Price Elastic
63
Purchasing Economies of Scale - Benefit
64
R&D Price Inelastic
65
Technical Economies of Scale - Benefit
66
Benefit of using Intermediaries
67
Drawback of using Intermediaries
68
Benefit - Direct Distribution
69
Drawback - Direct Distribution
70
Benefit - Specialisation
71
Drawback - Specialisation
72
Benefit - Porter Differentiation
73
Benefit - Porter Cost [small scale]
74
Benefit - Porter Cost [large scale]
75
Benefit of a Grant
76
Benefit of Crowdfunding
77
Benefit of Leasing
78
Benefit of a Loan
79
Benefit of an Overdraft
80
Benefit of Share Capital
81
Benefit of Trade Credit
82
Benefit of Venture Capital
83
Drawback of Crowdfunding
84
Drawback of a Grant
85
Drawback of Leasing
86
Drawback of a Loan
87
Drawback of an Overdraft
88
Drawback of Share Capital
89
Drawback of Trade Credit
90
Drawback of Venture Capital
91
Drawback of Friends and Family
92
Benefit of Friends and Family
93
Peer to Peer Benefit
94
Peer to Peer Drawback
95
Sale of Asset Drawback
96
Benefit of high productivity
97
Problem with trying to increase productivity
98
benefit of high capacity utilisation for a manufacturer
99
benefit of high capacity utilisation for a service
100
drawback of high capacity utilisation in a manufacturer
101
drawback of high capacity utilisation in a service
102
benefit of low capacity utilisation - manufacturing
103
benefit of low capacity utilisation - service
104
drawback of low capacity utilisation - manufacturing
105
drawback of low capacity utilisation - service
106
motivation - Taylor's theory
107
motivation - Mayo's theory
108
motivation - Maslow's theory
109
motivation - Herzberg's theory
110
Role culture
111

Year 12 (1 decks)

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