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Nawal Moalin
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Decks in this class (81)
1.1.1.The Market
What is a mass market,
What is a niche market,
Market size
8
cards
1.1.2.Market Research
Product orientation,
Market orientation,
Primary research
6
cards
1.1.3.Market Positioning
Market mapping,
Competing advantage of product or...,
Purpose of product differentiation
4
cards
1.2.1.Demand
Demand,
Factors leading to change in demand
2
cards
1.2.2.Supply
Supply,
Factors leading to change in supply
2
cards
1.2.3.Interaction Of Supply+Demand
Interaction with buyers
1
cards
1.2.4.PED
Ped,
Interpretations of ped values,
Factors influencing ped
4
cards
1.2.5.YED
Yed,
Interpretation of yed value,
Factors influencing yed
4
cards
1.3.1 Product/Service Design
Marketing mix,
Design mix,
Changes in design mix to reflect ...
3
cards
1.3.2.Branding And Promotion
Promotion,
Branding,
Benefits of branding
5
cards
1.3.3.Pricing Strategies
Types of pricing strategies,
Factors determining most appropri...,
Changes in pricing to reflect soc...
3
cards
1.3.4.Distribution
Distribution channel
1
cards
1.3.5.Marketing Strategy
Product life cycle,
Boston s matrix
2
cards
1.4.1.Approaches To Staffing
Staff as assets staff as a cost,
Flexible workforce,
Dismissal vs redundancy
4
cards
1.4.2.Recrutment, Selection, Training
Recruitment,
Selection,
Training
3
cards
1.4.3. Organusational Design
Structure,
Impact of different organisationa...
2
cards
1.4.4. Motivation In Theory
Taylor s scientific management,
Mayo s human relations theory,
Maslow heirachy of needs
6
cards
1.4.5. Leadership
Management vs leadership,
Autocratic leadership,
Paternalistic
5
cards
1.5.1. Role Of An Entrepreneur
Role of entrepreneur
1
cards
1.5.2. Entrepreneurial Motives And Characteristics
Characteristics and skills required,
Reasons to set up a business
2
cards
1.5.3. Business Objectives
Types of business objectives
1
cards
1.5.4. Forms Of Business
Unlimited liability,
Sole trader,
Partnership
11
cards
1.5.5. Business Choices
Dividends,
Opportunity cost,
Choices
4
cards
1.5.6. Moving Frim Entrepreneur To Leader
Common business difficulties when...,
Common personal difficulties when...
2
cards
2.1.1. Internal Finance
Owners capital personal savings,
Retained profit,
Sale of assets
3
cards
2.1.2. External Sources Of Finance
Family and friends,
Banks,
Peer to peer funding
6
cards
2.1.2. External Methods Of Finance
Loans,
Share capital,
Venture capital
7
cards
2.1.3.Liability
Unlimited liability,
Limited liability,
Sole trader partnership
5
cards
2.1.4. Planning
Relevance of business plan to obt...,
Main section of business plan sho...,
Net cash flow
6
cards
2.2.1. Sales Forecasting
Purpose of sales forecasts,
Factors affecting sales forecasting,
Difficulties of sales forecasting
3
cards
2.2.2 Sales, Revenue, Costs
Revenue formula,
Total costs formula
2
cards
2.2.3. Break-Even
Contribution formula,
Break even point,
Margin of safety
4
cards
2.2.4. Budgets
Purpose of a budget,
Types of budgets,
Purpose of variance analysis
4
cards
2.3.1. Profit
Gross profit,
Operating profit,
Net profit
7
cards
2.3.2. Liquidity
What is liquidity,
Measuring liquidity,
Improving liquidity
4
cards
2.3.3. Business Failure
Internal causes of failure,
External causes of business failure
2
cards
2.4.1. Production, Productivity,Efficiency
Job production,
Batch production,
Flow production
11
cards
2.4.2. Capacity Utilisation
Capacity utilisation,
Implications of under utilisation...,
Implications of over utilisation ...
4
cards
2.4.3. Stock Control
Interpreting stock control,
Buffer stock,
Implications of poor stock contro...
7
cards
2.4.4. Quality Management
Quality control,
Quality assurance,
Quality circle
6
cards
2.5.1. Economic Influences
Inflation,
Exchange rates,
Interest rates
6
cards
2.5.2.Legislations
Effects on businesses of consumer...,
Effects of employee protection on...,
Implications of employment legisl...
6
cards
2.5.3. The Competive Environmemt
Competitive environment,
One dominant business,
Competition between few giants
5
cards
3.1.1. Corporate Objectives
Corporate objective,
Development of corporate objectiv...,
Development of corporate objectiv...
5
cards
3.1.2. Corporate Strategy
Corporate strategy,
Porters generic strategy matrix,
Ansoffs matrix
7
cards
3.1.3. Swot Analysis
Purpose of swot analysis,
Internal considerations,
External considerations
3
cards
3.1.4. Impact Of External Influences
Pestle,
Porters 5 forces,
Rivalry among existing competitors
5
cards
3.2.1. Growth
Objectives of growth,
Problems arising from growth
2
cards
3.2.2. Mergers And Takeovers
Reasons for mergers and takeovers,
Distinction between mergers and t...,
Types of integration
5
cards
3.2.3. Organic Growth
Inorganic growth,
Organic growth,
Methods of growing organically
5
cards
3.2.4. Reasons For Staying Small
Survival,
Profit maximisation,
Sales maximisation
9
cards
3.3.1.Quantitative Sales Forecasting
Sales forecasting necessary,
Identifying past trends,
Limitations of quantitative forec...
3
cards
3.3.2. Investment Appraisal
Investment appraisal,
Pay back period,
Av rate of return
9
cards
3.3.3. Decision Trees
Decision tree,
Expected value,
Ves of decision trees
4
cards
3.3.4. Critical Path Analysis
Cpa,
Est,
Lft
6
cards
3.4.1. Corporate Influences
Short termism,
Long termism,
Subjective decision making
4
cards
3.4.2. Corporate Culture
Corporate culture,
Strong culture,
Weak culture
10
cards
3.4.3. Shareholders Vs Stakeholders
Stakeholders,
Shareholders,
Shareholder approach
8
cards
3.4.4. Business Ethics
Ethics of strategic decisions,
Trade offs between ethics and pro...,
Pay and rewards
6
cards
3.5.1. Interpretation Of Financial Statements
Statement of comprehensive income,
Statement of financial position b...,
Types of assets
9
cards
3.5.2. Ratio Analysis
Types of ratio,
Liquidity ratios,
Acid test ratio
11
cards
3.5.3. Human Resources
Labour productivity,
Labour turnover,
Internal causes of labour turnover
9
cards
3.6.1. Causes And Effects Of Change
Internal causes of change,
External causes of change pestle,
Possible effects of change to boo...
6
cards
3.6.2. Key Factirs In Change
Successful change,
Organisational culture,
Ways to manage resistance to change
3
cards
3.6.3. Scenario Planning
Identifying key risks through ris...,
Common risks,
Planning for risk mitigation
4
cards
4.1.1 Growing Economies
Growth rate of uk economy compare...,
Emerging economy,
Implications of economic growth f...
6
cards
4.1.2. International Trade+Business Growth
Imports,
Exports,
Specialisation
8
cards
4.1.3. Factors Contributing To Increased Globalisation
Factors,
Reduction of international trade ...,
Political change
7
cards
4.1.4. Protectionism
Protectionism,
Tariffs,
Quotas
5
cards
4.1.5. Trading Blocs
Trading bloc,
Dumping,
Eu and the single market
6
cards
4.2.1. Conditions Prompting Trade
Push factors,
Reasons driving a firm from its d...,
Extending plc
8
cards
4.2.3. Assessment Of A Country As A Market
Factors to consider,
Levels and growth of disposable i...,
Eodb
6
cards
4.2.4. Assessment If A Country As A Production Location
Factors to consider,
Cost of production,
Skills and availability of workforce
9
cards
4.2.4. Reasons For Global Methers Or Joint Ventures
Spreading risk over different reg...,
Entering new markets trade blocs,
Acquiring international brand and...
5
cards
4.2.5. Global Competitiveness
Impact of movements in exchange r...,
Competitive advantage through cos...,
Competitive advantage through pro...
4
cards
4.3.1. Marketing
Glocalisation,
Domestic ethnocentric marketing a...,
Mixed polycentric marketing approach
7
cards
4.3.2. Niche Markets
Cultural diversity,
Features of global niche markets
2
cards
4.3.3. Cultural/social Factors
Considerations for businesses
1
cards
4.4.1. Impact Of Mnc’s
Impact of mnc s on local economy ...,
Impact of mnc s on local economy ...,
Impact of mnc s on local economy ...
10
cards
4.4.2. Ethics
Stakeholder conflicts,
Pay and working conditions,
Environmental considerations
5
cards
4.4.3. Controllng MNCs
Factors to consider,
Political influence,
Legal control
5
cards
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Business alevel edexcel
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