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GCSE Edexcel - Business definations and equations

This class was created by Brainscape user Sebby C-V. Visit their profile to learn more about the creator.

By: Sebby C-V
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Decks in this class (15)

1.1.1 - The Dynamic Nature of Business
Enterprise,
Entrepreneur,
Consumer
20  cards
1.1.2 - Risk and Reward
Risk,
Financial reward,
Market research
9  cards
1.1.3 - The Role of Business Enterprise
Stakeholder,
Ethics,
Unique selling point usp
7  cards
1.2.1 - Customer Needs
Convenience,
Four factors of customer needs
2  cards
1.2.2 - Market Research
Viable,
Market research,
Focus group
20  cards
1.2.3 - Market Segmentation
What are the 6 market segments,
Segmentation,
Demographics
9  cards
1.2.4 - The Competitive environment
5 ways competitors are based on,
Competitive environment
2  cards
1.3.1 - Business Aims and Objectives
Market share,
Profit,
Social objective
7  cards
1.3.2 Business revenues, costs and profits
Equation revenue,
Fixed costs,
List some examples of fixed costs
15  cards
1.3.3 - Cash and Cash Flow
Credit,
Overheads,
Insolvent
12  cards
Business Equations
Revenue,
Total costs,
Profit
15  cards
1.3.4 - Sources of Finance
List exampels of long term finance,
List examples of short term finance,
Trade credit
16  cards
1.4.1 - The options for start-up and small businesses
Limited liability,
Unlimited liability,
List advantages of a sole trader
21  cards
1.4.2 - Business location
Labour,
Workers or the workforce,
Demographics
16  cards
1.4.3 - The Marketing mix
What are the factors of the marke...,
Undercut,
Price war
8  cards

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GCSE Edexcel - Business definations and equations

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