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Connie Feeney
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Decks in this class (32)
Formulas
Total costs,
Total fixed costs,
Total variable costs
23
cards
3.1.1
Reasons for setting up a business,
Factors of production,
Types of business
6
cards
3.1.2
Unlimited liability,
Sole trader,
How many people are in a partnership
16
cards
3.1.3
Aim,
Objective,
What does smart stand for
4
cards
3.1.4
Stakeholder,
Types of internal stakeholders,
Types of external stakeholders
5
cards
3.1.5
Factors influencing the location ...,
Advantages of locating overseas,
Disadvantages of locating overseas
3
cards
3.1.6
What is a business plan,
What may a business plan be creat...,
When does uncertainty occur
11
cards
3.1.7
Methods of business expansion,
Internal growth,
External growth
27
cards
3.2.1
E commerce,
M commerce,
What are the advantages of e comm...
12
cards
3.2.2
What is ethics,
What are the key ethical issues f...,
Advantages of ethics
7
cards
3.2.3
What is the economy made up of,
What do the different parts of th...,
What is an improving economic cli...
4
cards
3.2.3
Interest rate,
What happens to the amount of con...,
What happens to the amount of con...
6
cards
3.2.3
Unemployment,
What happens when employment leve...,
What does it mean if a product or...
6
cards
3.2.4
Globalisation,
What are the impacts of globalisa...,
Why has the pace of globalisation...
7
cards
3.2.4
What is an exchange rate,
What does an exchange rate impact,
What is an export
12
cards
3.2.5
Legislation,
List some examples of legislation,
What are the laws that come under...
11
cards
3.2.6
Uncertainty,
Risk,
What are some internal risks
6
cards
3.3.1
Efficiency,
What does efficiency depend on,
Lean production
19
cards
3.3.2
Stock,
What are the benefits of holding ...,
What are the problems of having t...
15
cards
3.3.3
What does achieving quality involve,
How can quality be measured probl...,
What are the consequences of qual...
12
cards
3.3.4
Define customer service,
What are the methods of good cust...,
What are the benefits of good cus...
8
cards
3.4.1
What is human resources,
What does human resources include,
What are the reasons for organisa...
48
cards
3.4.2
What is recruitment and selection,
Describe the process of recruitme...,
What is a job description
41
cards
3.4.3
What is the definition of motivation,
What are the benefits of motivation,
What are the different methods of...
15
cards
3.4.4
What is the definition of training,
What are the different types of t...,
Describe induction training
16
cards
3.5.1
Exchange process,
What must a business do in order ...,
Competitive
6
cards
3.5.2
Sales volume,
Sales value,
Be
7
cards
3.5.3
What is market research,
What is the role of market research,
What is the purpose of market rea...
25
cards
3.5.4
Main features of a product,
When developing a new product wha...,
Why is it important to produce ne...
64
cards
3.6.1
What are the different sources of...,
What are the different ways of ge...,
What is retained profit
28
cards
3.6.2
Cash flow,
How does cash flow into a business,
How does cash flow out of a business
17
cards
3.6.3
Businesses need to assets to use ...,
What is an average rate of return,
How to calculate average rate of ...
8
cards
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Business
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