This class was created by Brainscape user Jamie Hicks. Visit their profile to learn more about the creator.

Decks in this class (32)

Economies of scale
Internal marketing,
Internal managerial,
Internal financial
5  cards
Diseconomies of scale
What is diseconomies of scale,
Internal poor communication,
Internal lack of motivation
4  cards
Mcgregor X and Y theory
What are the theories about,
How can theory x be described,
How can theory y be described
5  cards
Unit 1.1- Understanding the nature and purpose of business
Why do businesses exist,
What is a good,
What is a service
13  cards
Unit 1.2- Understanding different business forms
What is the public sector,
What is the private sector,
What are the three types of publi...
11  cards
Unit 1.3- External environment
What is the external environment,
What are the positive factors of ...,
What are the negative factors of ...
3  cards
Unit 2.1- Understanding management, leadership and decision making
What are the 4 functions of manag...,
What are the 3 categories for rol...,
What are the 4 types of leaders
19  cards
Unit 2.2 - Understanding management decision making
Name the 5 stages in the process ...,
What is a programmed decision,
What is a non programmed decision
11  cards
Unit 2.3- Understanding the role and importance of stakeholders
What are stakeholders,
What are primary stakeholders,
What are secondary stakeholders
23  cards
Unit 3.1-Setting marketing objectives
What is a market,
Objectives of marketing,
What is relationship marketing
10  cards
Unit 3.2- Understanding markets and customers notes
What is market research,
How can market research be used b...,
What are the 4 stages in the mark...
15  cards
Unit 3.3- Segmentation, targeting and positioning
What are the 5 types of segmentation,
What is demographic segmentation,
What is geographic segmentation
10  cards
Unit 3.4- Marketing mix
What is the marketing mix,
What are the 7 ps,
What are the internal influences ...
24  cards
Unit 4.1- setting operational objectives
What is operations management,
What are some operational objectives,
What is labour intensive
25  cards
Unit 4.2- analysing operational performance
What is the labour productivity,
What is problematic about measuri...,
What is capacity utilisation
6  cards
Unit 4.3- Increasing efficiency and productivity
What does efficiency mean,
Why is efficiency so important,
How can efficiency be improved
12  cards
Unit 4.4 - Improving quality
What is quality,
What are the 4 stages in the pdca...,
Why is quality important
10  cards
Unit 4.5 - Managing inventory and supply chains
What is inventory,
What are the three types of stock...,
What are the costs of holding stock
18  cards
Unit 5.1- Setting financial objectives
What is a financial objective,
What are the two types of cost ob...,
What are profit objectives
10  cards
Unit 5.2- Analysing financial performance notes
What is a budget,
What are types of budgets,
Sources of information for budgets
10  cards
Unit 5.3-Sources of finance
Name all sources of finance,
Describe debt factoring and name and,
Describe overdraft and name and
15  cards
Unit 5.4 - Improving cash flow and profits
What causes cash flow problems,
What causes variances,
How could cash flow be improved
3  cards
Unit 6.1 - Human resources
What are the three hr objectives,
What are the three dimensions of ...,
How could you achieve employee en...
5  cards
Unit 6.2- Analysing performance notes
What data is available to manager...,
What affects labour productivity,
What to consider when analysing data
13  cards
Unit 6.3- Improving organisational design and human resource flow
What is job design,
What is job enlargement,
What is horizontal loading
13  cards
Unit 6.4- Improving motivation and engagement.
What are the three types of emplo...,
What is motivation,
What are the key features of tayl...
13  cards
Equations
What is the equation for market c...,
Income elasticity of demand equation,
Price elasticity of demand equation
15  cards
Unit 7.3- Analysing internal position: overall position
What is big data,
How can big data be used to measu...,
What does productivity show a bus...
13  cards
Unit 7.4 Analysing the external environment: political and legal environment
What is the financial support ava...,
How does the government support e...,
What is regulation
9  cards
Unit 7.6- social and technological change
What is enlightened shareholder v...,
What are corporate social reports,
What do the corporate social repo...
4  cards
Unit 7.7- the competitive environment
What affects a businesss competit...,
What affects a businesses competi...
2  cards
Unit 7.8 - Analysing strategic options: Investment appraisal
What are the reasons for a busine...,
What are the 3 ways of assessing ...,
What is the equation for average ...
4  cards

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a-level business

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