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Maisy V
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Decks in this class (35)
Businesses - Unit 1
What is the purpose of a business
1
cards
Understanding Customer Needs - Unit 1
Most customer needs are based on ...,
Market research can tell a busine...,
What is primary research
10
cards
Market Mapping - Unit 1
What does analysing customer buyi...,
What are market segments,
Segmentation allows a business to...
4
cards
Competition - Unit 1
Name at least 3 ways a business c...,
A brand is,
A business might use a number of ...
3
cards
Added Value - Unit 1
What is added value,
How can a business add value name...,
The higher the added value the so...
4
cards
Franchising - Unit 1
What is a franchise,
What s a franchisor,
What is a franchisee
6
cards
Enterprise - Unit 1
What is an entrepreneur,
What is enterprise,
What are enterprises
5
cards
Thinking Creatively - Unit 1
What does thinking creatively mean,
You can deliberately create new i...,
What is blue skies thinking
6
cards
Questions Entrepreneurs Ask - Unit 1
It s vitally important that entre...,
How where and when are,
What if questions are very import...
4
cards
Invention And Innovation - Unit 1
Invention and innovation are risk...,
What is inventing,
Businesses can gain a _________ a...
7
cards
Taking A Calculated Risk - Unit 1
What is taking a calculated risk,
Name 3 different examples of a ca...,
Making mistake is important because
4
cards
Other Important Enterprise Skills - Unit 1
Being an entrepreneur is more tha...,
Mind maps are an example of,
What are the 4 elements of the ma...
3
cards
Objectives When Starting Up - Unit 1
What are objectives,
What are the two typical objectiv...,
What is a financial objective
4
cards
Limited Liability - Unit 1
What does unlimited liability mean,
What does limited liability mean,
What s a sole trader
3
cards
Recruiting, Training And Motivating - Unit 1
What is the recruitment process t...,
The candidate must have the right,
How can a business motivate staff...
3
cards
Customer Focus - Unit 1
What is customer focus,
What are the three stages of cust...
2
cards
The Marketing Mix - Unit 1 and 3
What are the 4 elements of the ma...,
What things does the product sect...,
What things does the price sectio...
9
cards
Start-up Legal And Tax Issues - Unit 1
Businesses have to follow legal r...,
What is value added tax vat,
What is income tax
5
cards
Marketing - Unit 3
Marketing involves identifying an...,
What is the marketing process,
Businesses need to think about ma...
3
cards
Market Research - Unit 3
What is market research,
What are the 3 stages in market r...,
When you re reading about market ...
3
cards
Product Trail And Repeat Purchase - Unit 3
What is a product trail,
If product trial is successful it...,
A business must get customers thr...
5
cards
Product Life Cycle - Unit 3
Name the 4 5 stages of the produc...,
What happens at the introduction ...,
What happens at the growth of the...
17
cards
Branding And Differentiation - Unit 3
What is a brand,
Branded products are good because,
You can differentiate a product b...
4
cards
Design And Research Development - Unit 3
What is the scientific research p...,
The design mix a product has can ...,
What are the 3 elements of the de...
3
cards
Managing Stock - Unit 3
What is the maximum stock level,
What is the re order level,
What is the buffer stock minimum ...
7
cards
Managing Quality - Unit 3
What are the two ways of achievin...,
What is quality control,
What is quality assurance
3
cards
Cost Effective Operations And Competitiveness - Unit 3
Name at least 2 methods of increa...,
What is productivity,
How can a business reduce costs n...
3
cards
Effective Customer Service and customer satisfaction - Unit 1 and 3
What are the drawbacks of poor cu...,
What are 3 things on an effective...,
What are the benefits of good cus...
3
cards
Consumer Protection Laws - Unit 3
What is the sale of goods act,
What is the trade descriptions act,
What are 2 bad impacts of consume...
4
cards
Improving Cash Flow - Unit 3
What are the 2 things you can do ...,
What is an inflow,
What is an outflow
6
cards
Improving Profit - Unit 3
What are the 2 areas a business c...,
Improving profit is not easy because,
What s the equation for working o...
7
cards
Break-even Charts - Unit 3
Label the break even chart,
Variable costs,
What are fixed costs
11
cards
Break-even Analysis - Unit 3
What is break even analysis,
Break even analysis can identify ...,
When might a business use break e...
4
cards
Finance Growth - Unit 3
0
cards
Structure
When a question says something li...
1
cards
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Business Studies
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