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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

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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

A
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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
Q

drawback of prioritising function on the design mix - more expensive raw materials

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26
Q

benefit of prioritising economic manufacturing

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27
Q

drawback of prioritising economic manufacturing

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28
Q

benefit of adapting the design mix to reflect social trends

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29
Q

problem with adapting the design mix to reflect social trends

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30
Q

business plan to obtain finance

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31
Q

problem with a business plan

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32
Q

Sales forecasting – benefit

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33
Q

Sales forecasting – Drawback

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34
Q

Cash flow Benefit

A
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35
Q

Cash flow Drawback

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36
Q

Break-even useful…

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37
Q

Break-even not useful…

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38
Q

Sole Trader Benefit

A
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39
Q

Sole trader Drawback

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40
Q

Partnership Benefit

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41
Q

Partnership Drawback

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42
Q

Private Limited company Benefit

A
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43
Q

Private limited company Drawback

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44
Q

Public limited company Benefit

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45
Q

Public Limited company Drawback

A
46
Q

Franchisor - benefit

A
47
Q

Franchisor - drawback

A
48
Q

Franchisee - benefit

A
49
Q

Franchisee - drawback

A
50
Q

Retained profit - benefit

A
51
Q

Retained profit - drawback

A
52
Q

owners capital - drawback

A
53
Q

owners capital - benefit

A
54
Q

sale of asset - benefit

A
55
Q

Financial Economies of Scale - Benefit

A
56
Q

Income Elasticity - Spread Risk - Benefit

A
57
Q

Income Elasticity - Spread Risk - Drawback

A
58
Q

Inferior Goods

A
59
Q

Luxury Goods

A
60
Q

Marketing Economies of Scale - Benefit

A
61
Q

Normal Goods

A
62
Q

Price Elastic

A
63
Q

Purchasing Economies of Scale - Benefit

A
64
Q

R&D Price Inelastic

A
65
Q

Technical Economies of Scale - Benefit

A
66
Q

Benefit of using Intermediaries

A
67
Q

Drawback of using Intermediaries

A
68
Q

Benefit - Direct Distribution

A
69
Q

Drawback - Direct Distribution

A
70
Q

Benefit - Specialisation

A
71
Q

Drawback - Specialisation

A
72
Q

Benefit - Porter Differentiation

A
73
Q

Benefit - Porter Cost [small scale]

A
74
Q

Benefit - Porter Cost [large scale]

A
75
Q

Benefit of a Grant

A
76
Q

Benefit of Crowdfunding

A
77
Q

Benefit of Leasing

A
78
Q

Benefit of a Loan

A
79
Q

Benefit of an Overdraft

A
80
Q

Benefit of Share Capital

A
81
Q

Benefit of Trade Credit

A
82
Q

Benefit of Venture Capital

A
83
Q

Drawback of Crowdfunding

A
84
Q

Drawback of a Grant

A
85
Q

Drawback of Leasing

A
86
Q

Drawback of a Loan

A
87
Q

Drawback of an Overdraft

A
88
Q

Drawback of Share Capital

A
89
Q

Drawback of Trade Credit

A
90
Q

Drawback of Venture Capital

A
91
Q

Drawback of Friends and Family

A
92
Q

Benefit of Friends and Family

A
93
Q

Peer to Peer Benefit

A
94
Q

Peer to Peer Drawback

A
95
Q

Sale of Asset Drawback

A
96
Q

Benefit of high productivity

A
97
Q

Problem with trying to increase productivity

A
98
Q

benefit of high capacity utilisation for a manufacturer

A
99
Q

benefit of high capacity utilisation for a service

A
100
Q

drawback of high capacity utilisation in a manufacturer

A
101
Q

drawback of high capacity utilisation in a service

A
102
Q

benefit of low capacity utilisation - manufacturing

A
103
Q

benefit of low capacity utilisation - service

A
104
Q

drawback of low capacity utilisation - manufacturing

A
105
Q

drawback of low capacity utilisation - service

A
106
Q

motivation - Taylor’s theory

A
107
Q

motivation - Mayo’s theory

A
108
Q

motivation - Maslow’s theory

A
109
Q

motivation - Herzberg’s theory

A
110
Q

Role culture

A
111
Q
A

Year 12 (1 decks)

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