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Decks in this class (60)
1 Enterprise
Entrepreneur,
Customer,
Consumer
13
cards
2.1 Economic sectors
Private limited companies,
Initial public offering,
Public limited companies
13
cards
2.2 Business ownership
Sole traders,
Unlimited liability,
Partnership
11
cards
3.1 Measurements of business size
Revenue,
Capital employed,
Market capitalization
4
cards
3.3 Business growth
Organic growth,
External growth,
Mergers
10
cards
4 Business objectives
Business objectives,
Corporate social responsibility,
Pressure groups
13
cards
5 Stakeholders in a business
Stakeholder,
External stakeholders,
Internal stakeholders
5
cards
6.1 Political and legal influences
Privatization,
Nationalization,
Minimum wages
5
cards
6.2 Social and demographic influences
Demographic,
Corporate social responsibility csr,
Globalization
4
cards
6.3 Technological influences on business activities
Information technology it,
Job enrichment
2
cards
6.5 International influences
Protectionism,
Tariffs,
Quotas
5
cards
6.6 Environmental influences on business activity
Greenwashing,
Environmental audits,
Sustainability
4
cards
10.2 Workforce planning
Human resource management hrm,
Workforce planning,
Workforce audit
4
cards
10.3 Recruiting and employing employees
Recruitment,
Selection,
Recruitment agency
13
cards
10.4 Redundancy and dismissal of employees
Redundancy,
Dismissal,
Unfair dismissal
3
cards
10.5 Employee morale and welfare
Employee morale,
Employee welfare,
Work life balance
5
cards
10.6 Training and developing employees
Training,
Induction training,
On the job training
6
cards
10.7 Management and workforce relations
Industrial action,
Collective bargaining,
Trade union recognition
3
cards
11.2 Human needs
Motivation,
Human needs
2
cards
11. 3 Motivational theories
Piece rate,
Self actualization,
Motivators motivating factors
11
cards
11. 4 Motivation methods in practice
Time based wage rate,
Piece rate,
Salary
19
cards
12.1 Management and managers
Autocratic management,
Democratic management,
Paternalistic management
6
cards
12.2 McGregor's Theory X and Theory Y
Theory x,
Theory y,
Fayol s views on the roles of man...
4
cards
17.1 Role of marketing
Marketing,
Marketing objectives,
Marketing strategy
4
cards
17.2 Demand and supply
Demand,
Supply,
Equilibrium price
3
cards
17.3 Markets
Market segments,
Industrial market,
Consumer market
7
cards
17.4 Consumer marketing (B2C) and industrial marketing (B2B)
Consumer products,
Industrial products
2
cards
17.5 Mass marketing and niche marketing
Mass marketing,
Niche marketing
2
cards
17.6 Market segmentation
Market segmentation,
Consumer profile
2
cards
18.1 Market research
Market research,
What is the purpose of market res...
2
cards
18.2 Primary research and secondary research
Primary research,
Secondary research,
Quantitative data
4
cards
18.3 Sampling
Sampling,
Sample,
Sampling bias
3
cards
18.4 Market research data
Arithmetic mean,
Mode,
Median
5
cards
23.1 The production (transformation) process
Intellectual capital,
Transformation process,
What are
3
cards
23.2 Efficiency, effectiveness, productivity and sustainability
Productivity,
Level of production,
Productionthe process that transf...
6
cards
23.3 Labour intensive and capital intensive operations
Labor intensive,
Capital intensive
2
cards
23.4 Operations (production) methods
Job production,
Batch production,
Flow production
4
cards
24.1 Managing inventory
Inventory,
Inventory management,
Economic order quantity eoq
9
cards
24.2 Just-in-time (JIT) inventory management
Just in time jit inventory manage...,
Just in case jic inventory manage...
2
cards
25 Capacity utilisation and outsourcing
Capacity utilisation,
Outsourcing,
Maximum full capacity
7
cards
29.1 The need for business finance
Start up capital,
Working capital,
Short term finance
9
cards
29.2 Working Capital
Current assets,
Current liabilities,
Capital expenditure
4
cards
29.3 Sources of finance
Internal source,
External source,
Restrained earnings retained profit
15
cards
30.1 Cash flow forecasts: meaning and purpose
Cash flow,
Insolvent,
Cash flow forecast
11
cards
31.1 The need for accurate cost information
Cost center,
Direct cost,
Indirect costs
5
cards
31.2 Approaches to costing
Profit centers,
Average cost,
Full costing
5
cards
31. 4 Break-even analysis
Break even analysis,
Margin of safety,
Contribution per unit
3
cards
32.1 The meaning and purpose of budgets
Budgeting,
Budget holder,
Variance analysis
9
cards
19.1 The elements of the marketing mix
Product,
Marketing mix
2
cards
19.2 Product: why is this a key part of the marketing mix?
Goods,
Services,
Brand
9
cards
19.3 Product portfolio analysis
Product portfolio analysis,
Product life cycle,
Consumer durables
5
cards
19.4 Price is a key part of the marketing mix
Mark up pricing,
Cost plus pricing,
Contribution cost pricing
9
cards
20.1 Promotion methods
Promotion,
Advertising,
Direct promotion
10
cards
20.2 Place: and important part of the marketing mix
E commerce,
Channel of distribution,
Online marketing e commerce
6
cards
0. Formulae
Average cost,
Break even level of output,
Capacity utilization
15
cards
7.2 How governments deal with market failure
Market failure,
External cost,
3
cards
7.3 Macroeconomic objectives of governments
Macroeconomic objectives,
Economic growth,
Gross
9
cards
7.4 How economic objectives and performance impact business activity
Recession,
Business investment,
Labour productivity
8
cards
7.5 Government policies to achieve macroeconomic activities
Monetary policy,
Fiscal policy,
Budgets deficit
9
cards
28 Operations strategy
Computer aided design cad,
Computer aided manufacturing cam,
Operational flexibility
18
cards
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Business
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