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Ehsan KHALEQI
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Decks in this class (28)
Why Businesses Exist
What do businesses supply,
What are goods,
What are services
4
cards
Sectors of the Economy
What is a primary sector,
Secondary,
What is a tertiary sector
3
cards
Enterprise
What is an enterprise,
What is a financial reason someon...,
What is a gap in the market
5
cards
Factors of Production
Name the 4 factors of production,
What is land factor,
What is labour factor
6
cards
Business Ownership Structures
What is a sole trader,
What are the advantages of a sole...,
What are the disadvantages of a s...
13
cards
Not-For-Profit Organisations
What is a not for profit business,
What are the 2 choices for a not ...
2
cards
Business Aims and Objectives
What are different aims businesse...,
Why is survival important in busi...,
Why is maximising profit importan...
16
cards
Stakeholders
Who is a stakeholder,
What makes the owner a stakeholder,
What makes the employees a stakeh...
18
cards
Revenue, Costs and Profit
What is revenue how can it be cal...,
What are costs and how is it calc...,
What is a fixed cost
10
cards
Location
What does a firm have to think ab...,
How does the location of raw mate...,
How does labour supply influence ...
7
cards
Expanding Businesses
What is economies of scale,
What is purchasing economies of s...,
What is technical economies of scale
6
cards
Business Plan
What is a business plan,
Why do you need to put your perso...,
What is the mission statement
9
cards
Internal Expansion
What is internal expansion,
What is good about internal expan...,
What are bad things about interna...
16
cards
External Expansion
What is external expansion,
What is a merger,
What is a takeover
7
cards
Employment and the Law
What does the national minimum wa...,
What if a company doesn t pay its...,
What is a negative towards the bu...
6
cards
Consumer Law
What is the consumer rights act,
What happens if producs don t mee...,
What if a business breaks consume...
5
cards
Technology and business
How has technology changed the wa...,
How has technology changed the wa...,
What is e commerce
12
cards
Ethical considerations
What are ethics,
What does it mean if a firm has e...,
Why do some firms set up factorie...
7
cards
Ethical and Environmental Considerations
How can ethical policies be costl...,
What is a disadvantage of a firm ...,
What do increased costs lead to
10
cards
Environmental considerations
What does it mean to be sustainable,
What is resource depletion,
What is global warming
5
cards
Interest rates
When you borrow money you usually...,
Paying back with interest means,
If you save money
9
cards
Competition
What are the 3 things the word ma...,
What is a competitive market,
In a competitive market if a firm...
8
cards
Globalisation
What is globalisation,
How is having a larger market to ...,
How is setting up factories in ot...
7
cards
Exchange rates
0
cards
Risks in business
1
cards
Methods of production
When is job production used,
If they re product job production...,
What are the products like in job...
12
cards
Internal Organisational structures
Why is it important that a firm h...,
What are the 4 basic layers of st...,
What do directors do
17
cards
Recruitment
What is job analysis,
What is job description,
What is person specification
16
cards
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