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Ethan Retish
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Decks in this class (38)
Stakeholders, why they would be interested
Banks,
Competitors,
Owners shareholders
8
cards
Business Location and things to be considered for it
Market,
Labour,
Transport
6
cards
Business ownership
Limited liability,
Unlimited liability,
Sole trader
8
cards
Factors of production
Land,
Labour,
Capital
4
cards
Sectors of industry
Primary,
Secondary,
Tertiary
3
cards
Functions of a business
Main functions of a business,
Marketing,
Production
6
cards
Business planning
Company overview,
Target market,
Competition
7
cards
Business expansion
Internal organic growth,
External growth integration,
Benefits of internal growth
17
cards
Technology
What does itc stand for,
What is itc,
Intranet
7
cards
Economic climate
What is economic climate,
Interest rates,
Consumer spending
6
cards
Globalisation
What is globalisation how has it ...,
What is the effect of globalisation,
Outsourcing
11
cards
Legislation
Why was legislation introduced,
National minimum wage,
National living wage
9
cards
Competitive environment
Direct competition,
Indirect competition,
Competitive factors
5
cards
Procurement
Just in time,
When is jit needed,
Pros of jit
10
cards
Quality
Quality,
Benefits of good quality,
Quality control
5
cards
flow production
What is flow production,
Advantages of flow production,
What is specialisation
4
cards
lean production
What is lean production,
What does lean production aim to do,
Advantages of lean production
4
cards
job production
What is job production,
Advantages of job production,
Disadvantages of job production f...
5
cards
customer service
Sales process,
How customer interest is gained,
Hard approach
6
cards
Organisational structure
Why have a structure,
Chain of command,
Span of control
10
cards
Contracts of employment
What is an employment contract,
Job applicant,
Application form
6
cards
Motivation (Non financial methods)
Job rotation,
Job enlargement,
Empowerment
4
cards
Training
Benefits of training,
On the job training,
Off the job training
4
cards
Recruitment
When does recruitment occur most ...,
Reasons for recruitment,
What is diversification
9
cards
Motivation (financial methods
Salaries,
Wages,
Piecework
5
cards
Marketing
Marketing,
Why is marketing important,
What is the market
11
cards
Market research
What does market research do,
Quantitive information,
Qualitative information
11
cards
Market share
Market size,
How to measure market size,
Market share
10
cards
Boston Matrix
Dogs,
Cash cows,
Question marks
5
cards
Product Life cycle
Product differentiation,
Unique selling point,
Brand image
16
cards
Promotion
Why do businesses promote,
Types of sales promotion,
Types of advertising media
6
cards
Place
Channel of distribution,
Place,
Channel of distribution a
8
cards
Price
Price skimming,
Penetration pricing,
Competitive pricing
5
cards
Factors influencing the price
Costs,
Demand,
Nature of the market
5
cards
Sources of finance
Ways to make money,
Why do businesses need finance fo...,
Why do businesses need finance fo...
12
cards
Break even
What is break even,
Total costs,
Total revenue
6
cards
Average rates of return
Why do businesses invest in land,
Why do businesses invest in machi...,
What is the average rate of retur...
5
cards
Financial statements
Income statements,
Statement of financial position,
Why do businesses make financial ...
17
cards
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GCSE Business
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