This class was created by Brainscape user Ehsan KHALEQI. Visit their profile to learn more about the creator.
By:
Ehsan KHALEQI
- decks
- flashcards
- learners
Decks in this class (54)
Why Businesses Exist
What do businesses supply 1,
What are goods 2,
What are services 3
4
cards
Sectors of the Economy
What is a primary sector and wher...,
What is a secondary sector 2,
What is a tertiary sector 3
3
cards
Enterprise
What is an enterprise 1,
What is a financial reason someon...,
What is a gap in the market 3
5
cards
Factors of Production
Name the 4 factors of production 1,
What is land factor 2,
What is labour factor 3
6
cards
Business Ownership Structures
What is a sole trader 1,
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 1,
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 1,
What makes the owner a stakeholder 2,
What makes the employees a stakeh...
18
cards
Revenue, Costs and Profit
What is revenue how can it be cal...,
What are costs 2,
What is a fixed cost 3
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 1,
What is purchasing economies of s...,
What is technical economies of sc...
6
cards
Business Plan
What is a business plan 1,
Why do you need to put your perso...,
What is the mission statement 3
9
cards
Internal Expansion
What is internal expansion 1,
What is good about internal expan...,
What are bad things about interna...
16
cards
External Expansion
What is external expansion 1,
What is a merger 2,
What is a takeover 3
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 1,
What happens if products don t me...,
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 3
12
cards
Ethical considerations
What are ethics 1,
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 3
10
cards
Environmental considerations
What does it mean to be sustainab...,
What is resource depletion 2,
What is global warming 3
5
cards
Interest rates
When you borrow money you usually...,
Paying back with interest means 2,
If you save money 3
9
cards
Competition
What are the 3 things the word ma...,
What is a competitive market 2,
In a competitive market if a firm...
8
cards
Globalisation
What is globalisation 1,
How is having a larger market to ...,
How is setting up factories in ot...
7
cards
Risks in business
What is the risk of a starting bu...
1
cards
Methods of production
When is job production used 1,
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 3
17
cards
Recruitment
What is job analysis 1,
What is job description 2,
What is person specification 3
19
cards
Staff Training
What does induction training do 1,
Induction training helps new staf...,
What is on the job training 3
12
cards
Financial Motivation
Motivated staff can lead to 1,
Staff who are motivated and happy...,
What is a wage 3
14
cards
Non-financial motivation
What are the 4 styles of manageme...,
What are authoritarian managers l...,
What are paternalistic managers l...
7
cards
The Marketing mix
What are the 4 p s in marketing 1,
Explain product in terms of marke...,
Explain price in terms of marketi...
5
cards
Market Research
What is the market size 1,
What is the market share 2,
What is segmentation 3
27
cards
Product Life Cycle
What is research and development 1,
What is one aim during product de...,
What happens in the introduction 3
9
cards
Extension Strategies
What is an extension strategy 1,
If the extension strategy works w...,
Firms have to strike a balance be...
8
cards
Product Portfolios
What is a product portfolio 1,
What is meant by a balanced produ...,
What is the boston matrix 3
7
cards
Product development
Why may businesses expand their p...,
What are 2 ways businesses can br...,
What is diversification 3
16
cards
Price
Once a business has developed loy...,
As a business grows it can benefi...,
If a business is aiming to increa...
7
cards
Pricing strategies
What is price penetration 1,
What is loss leader pricing 2,
What is price skimming 3
5
cards
Methods of promotion
What are the 4 main reasons firms...,
What is advertising 2,
What is good about choosing newsp...
28
cards
Place
How do firms make sure their prod...,
What does the most appropriate ch...,
What do wholesalers do 3
13
cards
E-commerce
What is e commerce 1,
What is m commerce 2,
What is a big advantage of e comm...
6
cards
Supply chains
What does a supply chain consist ...,
Explain why price is a factor whe...,
If they want to cut down the time...
8
cards
Procurement and Logistics
What does procurement mean 1,
What does logistics mean 2,
What does having effective procur...
6
cards
Methods of Production
What is job production 1,
What do job production products o...,
What is an advantage of job produ...
10
cards
Production Efficiency
What is lean production 1,
What is a just in time 2,
What is the main benefit of jit 3
7
cards
Quality
Why is a business able to sell th...,
How does a businesses sales incre...,
How does a businesses reputation ...
9
cards
Customer Service
Why is it important for anyone in...,
How do firms ensure that any expe...,
What is user training 3
6
cards
Sources of finance - Small firms
What does liquidity mean 1,
What is trade credit 2,
Why can this be useful for a smal...
22
cards
Sources of Finance - Established Firms
What are retained profits 1,
Larger companies are under pressu...,
How can fixed assets be a source ...
13
cards
Investments
What is an investment 1,
Why may a business invest in new ...,
Why may a business invest in new ...
9
cards
Break-Even Analysis
The break even output is 1,
How can break even output be work...,
What is the margin of safety 3
8
cards
Cash Flow
What is the difference between ca...,
What is cash flow 2,
What is cash inflow 3
20
cards
Income statements
What are the 3 parts to an income...,
What is the trading account for 2,
What does cost of sales record 3
14
cards
Statements of Financial position
What does the statement of financ...,
What are fixed assets 2,
What are current assets 3
11
cards
More about
Business
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Ehsan KHALEQI's Business flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Business Alevel
- 26 decks
- 3126 flashcards
- 593 learners
Decks:
11 Meeting Customer Needs, 12 The Market, 13 Marketing Risk And Strategy, And more!
Business studies (A levels)
- 40 decks
- 1269 flashcards
- 3433 learners
Decks:
Chapter 1 Enterprise, Ratios, Chapter 2 Business Structure, And more!
