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sophia yu
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Decks in this class (41)
The dynamic nature of business
What is an entrepreneur
1
cards
Risk and Reward
What are possible rewards to sett...,
What are possible risks to settin...,
What makes a business riskier tha...
3
cards
The role of business enterprise
What do businesses do,
What is adding value closely link...,
What are some ways to add value
3
cards
The importance of added value
What s a benefit of added value
1
cards
The role of entrepreneurship
What are important enterprise skills,
How do entrepreneurs create new p...,
How do entrepreneurs benefit the ...
3
cards
Customer needs 1 + 2
What are ways to increase cost ri...,
What are the customer needs,
What are some personal circumstan...
3
cards
Role of market research
Whats the purpose of market research
1
cards
Types of market research
W,
What is primary research,
A few examples of primary research
6
cards
Market research data
What is qualitative data,
What is quantitative data,
How can market research data be b...
6
cards
Market segmentation
What is a market segment,
What does segmenting a market do,
What are some ways to segment a m...
5
cards
Market mapping
What does market mapping help in,
What is a market map,
What are the common two variables...
4
cards
Competition
What are some ways to compete,
2
cards
Competitive markets
What makes a competitive market,
What are some drawbacks of highly...
2
cards
Aims and objectives
What is the objectives hierarchy,
What are examples of a financial ...,
What are some examples of a non f...
3
cards
Differing aims and objectives
1
cards
Revenue and costs - CALCS
What is sales revenue turnover,
How do you calculate the sales re...,
What is a fixed cost
6
cards
Profit and loss - CALCS
What is profit,
How do you calculate profit
2
cards
Break even charts
Where is the break even point on ...,
What is break even,
How does the break even point on ...
7
cards
Using break even
How do you calculate the margin o...,
Why might a business use a break ...
2
cards
Calculating cash flow
What is cash flow,
What is a cash flow forecast,
How can a cash flow forecast help
4
cards
Importance of cash to a business
What is cash,
Why is negative cash flow bad
2
cards
Short term sources of finance
What are the needs for finance,
What are some short term sources ...,
What is the feature of short term...
6
cards
Long term sources of finance
What are some long term sources o...,
2
cards
Limited liability
What is liability,
What is unlimited liability,
What are sole traders
5
cards
Types of business ownerships
What are advantages of partnerships
1
cards
Franchising
What is a franchisee,
What is a franchisor,
What does the franchisee get from...
4
cards
Business location
1
cards
Marketing mix
1
cards
Influences on the marketing mix
How might a business adapt to mee...,
2
cards
Business plan
What is the purpose of a business...,
Who uses a business plan
2
cards
Nature of business planning
What should a business plan consi...,
2
cards
Stakeholders
What is a stakeholder,
2
cards
Stakeholder conflict
1
cards
Technology and business
What are some types of technology...
1
cards
Principles of consumer law
What is consumer law,
What are some drawbacks of consum...,
What are some advantages of consu...
3
cards
Principles of employment law
What is employment law,
What are some principles of emplo...,
What are some drawbacks of employ...
4
cards
Economy and business
What does the level of demand in ...,
What are the impacts of high demand,
What are the impacts of low demand
3
cards
Unemployment and inflation
What is the impact of employment ...,
What is inflation,
3
cards
Interest rates
What is an interest rate,
What happens when theres a rise i...
2
cards
Exchange rates
What is exchange rate,
2
cards
External influences
What are some opportunities in ex...,
What are some threats in external...
2
cards
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Business - Paper 1
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