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a level business theme 1

This class was created by Brainscape user Grace O'Mahoney. Visit their profile to learn more about the creator.

By: Grace O'Mahoney
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Decks in this class (24)

1.5.1 Role of an entrepreneur
Business,
Goods,
Services
19  cards
1.5.4 Forms Of Business
What are the forms of business,
Sole trader,
Advs of sole trader
41  cards
1.5.3 Business Objectives
Mission statement,
A good mission statement,
Mission
14  cards
1.5.2 Entrepreneurial motives and characteristics
Intrapreneurship,
Intrapreneur,
8 characteristics of intrapreneur
23  cards
1.5.6 Entrepreneurs and leaders
Motives of an entrepreneur,
Types of motives entrepreneurial,
Financial motives
7  cards
1.1.1 The Market
Market,
Marketing,
4 ps
45  cards
1.1.2 Market research
Market research,
3 reasons for market research,
Primary market research
30  cards
1.1.3 Market positioning
Market positioning,
Product differentiation,
Market mapping
9  cards
1.5.5 Business Choices
How why do businesses face choices,
Every business faces,
Typically scarce resources are
8  cards
1.3.1 Product and service design
Marketing,
Marketing mix,
Product
15  cards
1.3.5 Marketing strategy
Product life cycle,
5 stages of product life cycle,
Why is product life cycle importa...
28  cards
1.3.2 Branding and promotion
Promotion,
Types of promotion,
Sales promotion
20  cards
1.3.4 Distribution
Distribution,
Distribution channel,
Wholesaler
31  cards
1.3.3 Pricing strategies
4 ps,
Pricing strategy,
Types of pricing strategies that ...
27  cards
1.2.1 Demand
Demand,
Demand curve,
Ceteris paribus
13  cards
1.2.2 Supply
Supply,
Selling price to consumer rising ...,
Supply curve
18  cards
1.2.3 Markets
Equilibrium,
Disequilibrium,
Shortage in the market
7  cards
1.2.4 Price elasticity of demand (PED)
Ped,
Elastic demand curve,
Inelastic demand curve
7  cards
1.2.5 Income elasticity of demand (YED)
Income elasticity of demand yed,
Income elastic,
Income inelastic
11  cards
1.4.2. Recruitment, Selection and training
Recruitment and selection,
Selection,
8 reasons why recruit
29  cards
1.4.1 Approaches to staffing
Staff as an asset,
Staff as a cost,
Flexible working
26  cards
1.4.3 Organisational design
Organisational design structure,
Line manager,
Span of control
18  cards
1.4.5 Leadership
Good leaders,
A leader is,
Leadership
11  cards
1.4.4 Motivation in theory and practice
Empowerment,
Consultation,
Delegation
18  cards

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a level business theme 1

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