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business studies

This class was created by Brainscape user morolake oridota. Visit their profile to learn more about the creator.

By: morolake oridota
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Decks in this class (23)

division of labour
Define division of labour,
List the advantages of division o...,
List the disadvantages of divisio...
7  cards
business activity
Needs,
Wants,
Production
26  cards
entrepreneurship
Who is an entrepreneur,
Characteristics of a successful e...,
Reasons for business failure
4  cards
methods of measuring business size
Market share,
Number of employees,
Sales turnover
4  cards
reasons why small businesses stay small
Market size,
Owners objectives,
Type of industry the business is in
3  cards
Nature of Firms
Methods of measuring the size of ...,
Number of employees,
Sales turnover
6  cards
Business Growth
List two ways businesses can grow,
External inorganic growth,
Internal organic growth
11  cards
franchise
Define the term franchise,
Advantages to the franchisee,
Disadvantages to the franchise
8  cards
business plan
Definition,
Reasons,
Business organisation
3  cards
partnership
Deed of partnership,
Components of a partnership deed
2  cards
memorandum and articles of association
Memorandum of association,
Articles of association
2  cards
adv and disadv of integration
Adv,
Disadv
2  cards
business objectives
Benefits of objectives,
Business objectives,
Types of business objectives
8  cards
stakeholders
Stakeholders,
Internal stakeholders,
External stakeholders
10  cards
multinationals
Multinational,
Adv host country,
Disadv
3  cards
trade unions
What is a trade union,
Functions of trade unions,
Adv workers trade unions
15  cards
organisational structure
What is an organisational structure,
Chain of command,
Span of control
8  cards
management
Roles of a manager,
Planning,
Organizing
6  cards
delegation
Delegation,
Advantages managers,
Advantages employees
3  cards
contract of employment
Types of contracts,
Adv of part time,
Disadv of part time
4  cards
training
Objectives,
Reasons for training,
Induction training
5  cards
communication
Communication,
External communication,
Internal communication
9  cards
marketing
Mass marketing,
Advantagess of mass marketing,
Disadvantages of mass marketing
8  cards

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business studies

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