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Jeenal Agrawal
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Decks in this class (27)
business activity
Specialisation,
Advantages of division of labour,
Disadvantages of division of labour
5
cards
classification of businesses
Examples of primary sector,
Examples of secondary sector,
Examples of tertiary sector
23
cards
enterprise, business growth and size
Characteristics of entrepreneur,
Advantages of being an entrepreneur,
Disadvantages of being an entrepr...
20
cards
business objectives and stakeholders
Why are business objectives impor...,
Business survival,
Profit
17
cards
motivating employees
Why do people work,
Benefits of a well motivated work...,
Maslows hierarchy stages
26
cards
organisation and management
Benefits of an organisational str...,
Chain of command vs span of control,
Functions of management
18
cards
recruitment, selection and training
Why are employees part of the rec...,
Functions of human resources depa...,
Process of recruitment
27
cards
internal and external communication
Advantages of verbal communication,
Disadvantages of verbal communica...,
Advantages of visual communication
15
cards
marketing, competition and the consumer
Sections of the marketing departm...,
Role of marketing,
Benefits of successful marketing
14
cards
market research
What questions does market resear...,
Market orientated business advant...,
Advantages of primary research
19
cards
the marketing mix: place
Examples of distribution channels,
Direct to consumer advantages,
Direct to consumer advantages
11
cards
the marketing mix: promotion
Aims of promotion,
Advertising process,
Advantages
23
cards
the marketing mix: product
Characteristics of the correct pr...,
Stages of developing the correct ...,
Benefits of new product
12
cards
the marketing mix: price
Why will businesses adopt pricing...,
Advantages,
Advantages
13
cards
marketing strategy
Possible marketing objectives,
Factors to consider when forming ...,
Legal controls on marketing
9
cards
production of goods and services
Productivity,
Labour productivity,
Increasing productivity
20
cards
costs, scale of production and break even analysis
Using cost data,
Types of economies of scale,
Purchasing economies
14
cards
achieving quality production
Benefits of quality,
Risks of not meeting quality,
Advantages of quality control
9
cards
location decisions
Location decisions for a manufact...,
Location decisions for a service ...,
Location decisions for a retail b...
4
cards
business finance: needs and sources
Why do businesses need finance,
Internal sources of finance examples,
Retained profit advantages
35
cards
cash flow forecasting and working capital
Uses of cash,
Cash inflow comes from,
Cash outflow goes from
10
cards
income statements and profit
Income statement key facts,
Features of income statement,
Who uses income statements
9
cards
statement of financial position
Contents of a statement of financ...,
Uses of a statement of financial ...
2
cards
analysis of accounts
How accounts are used,
Limitations of accounts,
Net profit margin formula analysis
7
cards
economic issues
Growth,
Boom,
Recession
19
cards
environmental and ethical issues
How does business activity impact...,
Arguments for socially responsibl...,
Arguments against socially respon...
10
cards
businesses and the international economy
Reasons for globalisation,
Benefits of globalisation,
Threats of globalisation
8
cards
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igcse business studies
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