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Justin George
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Decks in this class (31)
Unit 1.1 - the nature of business activity/Unit 1.2 providing goods and services
Define need,
Define goods,
Define consumer goods
7
cards
Unit 1.3 - business enterprise
Define entrepreneur,
What is the entrepreneurs role in...,
Name the characteristics that mak...
6
cards
Unit 1.4 - business planning
Explain the difference between bu...,
Identify and explain the uses of ...,
What are the main sections of a b...
3
cards
Unit 1.5 - business aims and objectives
Explain the difference between an...,
Name the business aims 9,
What are the purpose of objectives 3
9
cards
Unit 1.6 - business ownership
Define sole trader,
Name the advantages 6 and disadva...,
Define partnership
12
cards
Unit 1.7 - business growth
Why do businesses want to grow 5,
Why do business stay small 6,
Define economies of scale
12
cards
Unit 1.8 - business location
Explain the difference between bu...,
Name the location factors 9,
Name the site factors 6
3
cards
Unit 2.1 - technological influence on business activity
Name the technological changes th...,
Name the different computer packa...,
Explain the difference between ca...
10
cards
Unit 2.2 - ethical influence on business activity
Define ethics,
How do businesses behave ethicall...,
How do businesses behave ethicall...
10
cards
Unit 2.3 - environmental influence on business activity
Name the different environmental ...,
Name the different ways a busines...,
How do businesses respond to envi...
5
cards
Unit 2.4 - economic influence on business activity
Explain the difference between in...,
Define normal goods,
Name the stages of the economic c...
18
cards
Unit 2.5 - the impact of globalisation on businesses
Explain the difference between ex...,
Name the advantages of entering o...,
Name the disadvantages of enterin...
19
cards
Unit 2.6 - the impact of legislation on businesses
What is protected under employmen...,
Name the effects of the minimum w...,
Name the effects of the minimum w...
8
cards
Unit 3.1 - production
Define job production,
Define batch production,
Define flow mass production
11
cards
Unit 3.2 - quality
Define quality,
Explain the difference between qu...,
Name the benefits of quality for ...
8
cards
Unit 3.3 - the supply chain
Define supply chain,
Define procurement,
Define logistics
8
cards
Unit 3.4 - sales process and customer service
Define sales process,
Define after sales service,
Define customer engagement
12
cards
Unit 4.1 - sources of finance
Define bank loan,
Define friends and family loan,
Define overdraft
32
cards
Unit 4.2 - revenue and costs
What s the revenue formula,
Define fixed costs,
Define variable costs
19
cards
Unit 4.3 - profit and loss accounts
Define income statement profit or...,
Define cost of sales,
Define gross profit
12
cards
Unit 4.4 - cash flow
Define cash flow statement,
Define cash flow forecast,
Define cash inflow
13
cards
Unit 5.1 - identifying and understanding customers
Define market segmentation,
Name the ways a market can be seg...,
Name the reasons businesses segme...
5
cards
Unit 5.2 - market research
Define market research,
Define primary field research,
Define secondary desk research
17
cards
Unit 5.3 - product
Explain the difference between pr...,
Define product differentiation,
Define unique selling point usp
17
cards
Unit 5.4 - price
Name the different pricing strate...,
Define cost plus pricing,
Define competitive pricing
18
cards
Unit 5.5 - promotion
Explain the difference between ab...,
What are the purposes of promotion 4,
Name the different types of adver...
11
cards
Unit 5.6 - place
Define place,
Define distribution channel,
Name the different channels of di...
13
cards
Unit 6.1 - recruitment
Why do job vacancies arise 6,
Explain the difference between in...,
Name the positives 2 and negative...
9
cards
Unit 6.2 - training
Name the benefits of training 8,
Define induction training,
Explain the difference between on...
8
cards
Unit 6.3 - motivation
Define motivation,
Name the benefits of a motivated ...,
Explain the difference between fi...
14
cards
Unit 6.4 - organisational structures
Define organisational charts,
Define hierarchy,
Define chain of command
29
cards
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WJEC GCSE revision
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