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Business 101 > Toolbox > Flashcards

Toolbox Flashcards

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1
Q

what is SWOT

A

Strengths Weaknesses Opportunities Threats

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2
Q

R-C

A

Revenue - Costs

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3
Q

What do Owners want

A

Profit

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4
Q

REDD

A

Reinvest Expand Dividends Diversify

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5
Q

CA

A

Competitive Advantage

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6
Q

SIR

A

Synergy Innovation Reputation

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7
Q

CRIMINAL

A

Cost minimised, Risk reduced, Improved decision making, Market share, Increased sales, New customers attracted, Achieve PEE, Loyal customers

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8
Q

Big 6 MODELS

A

Mendelow Matrix, Porters 5 Forces, 7 P’s, Porters Generic Strategies, Ansoff matrix, Boston Matrix

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9
Q

Elkington Triple Bottom Line consists of…

A

People Planet and Profit

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10
Q

PEE

A

Productivity, Economies of Scale, Efficiency

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11
Q

Balanced Scorecard

A

FOHM

Financial
Internal processes
Learning & Growth
Customer

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12
Q

FOHM

A

Financial
Operation
Human Resources
Marketing

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13
Q

PED

A

Price Elasticity Demand

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14
Q

YED

A

Income Elasticity Demand

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15
Q

The next best alternative

A

opportunity cost

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Business 101 (3 decks)

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