This class was created by Brainscape user ash ley. Visit their profile to learn more about the creator.

Decks in this class (21)

chapter 1 - business activity
Definition of need,
Definition of want want,
Definition of economic problem
11  cards
chapter 12 - the marketing mix
Definition of marketing mix,
The 4ps of marketing mix,
What kind of products are there
19  cards
chapter 26 - analysis of account
Definition of analysis of account,
Definition of profitability,
Importance of measuring profitabi...
21  cards
chapter 25 - balance sheet
Definition of balance sheet,
Definition of assets,
Definition of liabilities
7  cards
chapter 24 - income statement
Definition of accounts,
Definition of accountants,
Definition of financial statements
12  cards
chapter 23 - cash flow forecasting & working capital
Definition of cash flow,
Definition of cash inflow,
Definition of cash outflows
15  cards
chapter 22 - business finance needs & sources
Roles of finance department,
Why do business need finance,
Ways to obtain finance
25  cards
chapter 21 - location decisions
Why is location decision important,
Factors affecting location decisi...,
Factors affecting location decisi...
5  cards
chapter 20 - achieving quality production
Definition of quality,
Importance of quality,
Three methods to achieve quality
13  cards
chapter 19 - costs, scale of production & break even analysis
Definition of fixed costs,
Variable costs,
Total costs
10  cards
chapter 18 - production of goods & services
Definition of production,
Role of operative department,
Definition of productivity
30  cards
chapter 11 - market research
Definition of market research,
Role of market research,
Definition of product oriented
30  cards
chapter 10 - marketing, competition & customer
Definition of customer,
Role of marketing department,
Roles of marketing
12  cards
chapter 9 - internal & external communication
Definition of communication,
Process of effective communication,
Types of communication
22  cards
chapter 8 - recruitment, selection & training of employees
Definition of recruitment,
Definition of employee selection,
Role of hr department
38  cards
chapter 7 - organisation & management
Definition of organisational stru...,
Advantages of organisation chart,
Definition of chain of commands
22  cards
chapter 6 - motivating employees
Definition motivation,
Why do people work,
Benefits of motivated employees
27  cards
chapter 5 - business objectives
Definition of business objectives,
Needs for business objectives,
Benefits of setting business obje...
19  cards
chapter 4 - types of business organisation
Definition of incorporated business,
Definition of unincorporated busi...,
Definition of sole trader
24  cards
chapter 3 - enterprise & enterpreneurship
Definition of entrepreneur,
Definition of business plan,
How does a business plan help bus...
18  cards
chapter 2 - classification of business
Definition of primary sector,
Definition of de industrialisation,
Definition of mixed economy
5  cards

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business

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