This class was created by Brainscape user Elise Keenan. Visit their profile to learn more about the creator.
By:
Elise Keenan
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Decks in this class (26)
role of business in society
List the ways in which a firm cou...,
Why should firms aim to maximise ...,
What are the 4 sectors of industry
12
cards
types of organisations
Private limited company ltd,
Public limited company plc,
Charity
12
cards
objectives
Objective advantages,
Corporate social responsibility,
Profit maximisation
22
cards
methods of growth
Growing organically,
Growing inorganically,
Organic growth
16
cards
external factors
Political,
Economic policy,
Competition policy
8
cards
structures
Advantages of a tall structure,
Disadvantages of a tall structure,
Advantages of a flat structure
10
cards
operations: inventory management
Just in time stock control,
Advantages of just in time stock ...,
Dis
15
cards
operations: methods of production
Labour intensive,
Advantages of labour intensive,
Disadvantages of labour intensive
9
cards
operations: quality methods
Quality assurance,
Benefits of quality assurance,
Costs of quality assurance
23
cards
operations: methods of distribution
Benefits of air,
Costs of air,
Benefits of rail
8
cards
operations: ethical and environmental
Costs of ethical business,
Benefits of ethical business,
Primary industry standards
11
cards
operations: technology
Cad,
Benefits of cad,
Cam
6
cards
people: workforce planning
Internal recruitment,
Benefits of internal recruitment,
Costs of internal recruitment
26
cards
people: training and development
Benefits of training,
17
cards
people: motivation
Why motivate,
Maslow s hierarchy of needs,
Maslow s theory
3
cards
people: employee relations
Why good employee relations,
Consequences of poor employee rel...,
Methods to achieve positive emplo...
14
cards
marketing: customer
Market lead,
Product led,
Types of consumer behaviour
3
cards
marketing: market research
Market research provides informat...,
Benefits of field research,
Field research
16
cards
marketing: marketing mix
Marketing mix,
Importance of the marketing mix
2
cards
marketing: product
Product life cycle,
Extension strategies,
Costs of maintaining a large prod...
4
cards
marketing: price
Factors to consider when setting ...,
Pricing strategies
2
cards
marketing: place
Channels of distribution,
Why businesses choose specific ch...,
Direct selling
8
cards
marketing: promotion
Into the pipeline,
Into the pipeline promotions,
Out of the pipeline
7
cards
finance: sources of finance
Short term sources of finance,
Retained profit,
Sale of an asset
18
cards
finance: cash budgeting
Cash budget,
Potential cash budget problems,
Solutions for a poor cash budget
22
cards
fiance: ratios
Profitability ratios gross profit,
Profitability ratios profit for t...,
Profitability ratios
8
cards
More about
business xoxo
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