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By:
Callum Allen
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Decks in this class (41)
1.1.1 Dynamic Nature is Business
Entrepreneur 1,
Dynamic 2,
Obsolete 3
12
cards
1.1.2 Risk and Reward
Risk 1,
Calculated risk 2,
Risks an entrepreneur may face 3
15
cards
1.1.3 The role of business entreprise
Products 1,
Services 2,
Need 3
12
cards
1.2.1 Customer Needs
4 customer needs marketing mix 1,
Price 2,
Quality 3
7
cards
1.2.2 Market Research
Primary research 1,
Primary research advantage 2,
Primary research disadvantage 3
25
cards
1.2.3 Market Segmentation
Market segmentation 1,
Ways to market segment 2,
Market mapping 3
3
cards
1.2.4 Competitive Environment
Usp 1,
Product range 2,
Customer service 3
6
cards
1.3.1 Business Aims and Objectives
Aim 1,
Objective 2,
Smart acronym 3
7
cards
1.3.2 Business Revenue, Costs and Profit
Revenue formula 1,
Revenue definition 2,
Total cost formula 3
22
cards
1.3.3 Break Even Analysis
Why is a breakeven point so impor...
1
cards
1.3.4 Cash and Cashflow
Cashflow definition 1,
Net cashflow formula 2,
Credit terms 3
11
cards
1.3.5 Sources of Finance
Uses of short term finance 1,
Overdraft 2,
Selling assets 3
11
cards
1.4.1 The options for business start ups
Limited liability 1,
Unlimited liability 2,
Sole trader 3
9
cards
1.4.2 Business Location
What four factors impact where a ...,
Proximity to market customers 2,
Proximity to labour 3
9
cards
1.4.3 The Marketing Mix
Marketing 1,
What are the 4ps in the marketing...,
Price 3
10
cards
1.4.4 Business Plans
Parts of a business plan 1,
Purpose of a business plan 2,
Target market 3
11
cards
1.5.1 Stakeholders
Stakeholder 1,
Internal stakeholders 2,
External stakeholders 3
14
cards
1.5.2 Technology and Business
E commerce 1,
Advantages of e commerce 2,
Disadvantages of e commerce 3
5
cards
1.5.3 Legislation & Business
Consumer rights act 2015 1,
Trade descriptions act 1968 2,
Health and safety at work act 1978 3
5
cards
1.5.4 The Economy & Business
Economy 1,
Gross domestic product 2,
4 parts of the business cycle 3
16
cards
1.5.5 The external Business Environment
How will businesses respond to ch...,
How will businesses respond to ch...,
How will businesses respond to ec...
3
cards
2.1.1 Business Growth
Organic growth 1,
What can be done for organic grow...,
Advantages of organic growth 3
21
cards
2.1.2 Changes in Business Aims & Objectives
Why do businesses aims and object...
1
cards
2.1.3 Business & Globalisation
Globalisation 1,
International trade 2,
Imports 3
12
cards
2.1.4 Ethics, the Environment & Business
Ethics 1,
Treating workers ethically 2,
Treating suppliers ethically 3
10
cards
2.2.1 Product
What is the design mix 1,
Function 2,
Costs 3
16
cards
2.2.2 Price
Price 1,
What does a business need to cons...,
Pricing low 3
5
cards
2.2.3 Place
Place 1,
Channels of distribution 2,
Direct channel of distribution 3
10
cards
2.2.4 Promotion
Businesses use promotion to 1,
Methods of promotion 2,
Promotional strategy 3
5
cards
2.2.5 Using the Marketing Mix
Elements of the marketing mix 1,
Does the elements of the marketin...,
How can the marketing mix be used...
4
cards
2.3.1 Business Operations
What is flow production 1,
One advantage of flow production 2,
One disadvantage of flow producti...
19
cards
2.3.2 Working With Suppliers
Procurement 1,
What makes a good supplier 2,
Why are good suppliers important 3
7
cards
2.3.3 Managing Quality
Quality 1,
Benefits of providing high quality 2,
Quality control 3
13
cards
2.3.4 Sales Process
Sales process 1,
Hard approach 2,
Soft approach 3
4
cards
2.4.1 Business Calculation
What is gross profit 1,
What is net profit 2,
Gross profit formula 3
12
cards
2.4.2 Understanding Business Performance
What can businesses do with numer...,
Percentage change 2,
Limitations of financial data 3
5
cards
2.5.1 Organisational Structure
Organisational structure 1,
Span of control 2,
Subordinate 3
13
cards
2.5.2 Effective Recruitment
Directors 1,
Blank 2,
Supervisors and team leaders 3
17
cards
2.5.3 Effective Training & Development
0
cards
2.5.4 Motivation
0
cards
Formula
Percentage change between 2 numbe...,
Total revenue 2,
Total costs 3
17
cards
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