This class was created by Brainscape user Elise Keenan. Visit their profile to learn more about the creator.
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Elise Keenan
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Decks in this class (21)
Role of business in society
Methods of maximising customer se...,
Why should a firm aim to maximise...,
What are the sectors of industry
12
cards
Types of business organisations
Types of private sector businesses,
Sole trader,
Advantages of being a sole trader
24
cards
objectives
Example of objectives,
Private sector objectives,
Public sector objectives
7
cards
external factors
Political factors,
Economic factors,
Social factors
12
cards
methods of growth
Methods of growth,
Advantages of organic growth,
What is organic growth
29
cards
franchises
Franchise,
Advantages of being a franchiser,
Disadvantages of being a franchiser
5
cards
internal factors
Internal factors,
What are the internal factors,
Financial areas to consider befor...
10
cards
stakeholders
Explain the role of shareholders ...,
Managers interest,
Managers influence
16
cards
structures
Tall organisational structure,
Flat organisational structure,
Explain what is meant by the term...
25
cards
decision making
Strategic decisions,
Tactical decisions,
Operational decisions
6
cards
customers
Market led,
Product led,
Market led advantages
12
cards
market research
Benefit and drawback of personal ...,
Benefit and drawback of focus group,
Benefit and drawback of telephone...
14
cards
marketing mix
Marketing mix,
Product,
Price
8
cards
product
Product life cycle,
Development,
Introduction
14
cards
price
Considerations when setting price,
Price taker,
Price maker
14
cards
place
What are the channels of distribu...,
Wholesaler,
Retailers
7
cards
promotion
Pro and con of tv advertising,
Pro and con of radio advertising,
Pro and con of newspaper advertising
14
cards
people
How to maximise customer satisfac...,
Benefits of good customer service,
Risks of poor customer service
3
cards
process
Main factors involved in optimisi...
1
cards
physical evidence
Factors involved in optimising th...,
Factors involved in optimising th...
2
cards
technology
Technology in operations
1
cards
More about
business 🪩
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Business
- 23 decks
- 1826 flashcards
- 12 learners
Decks:
11 Meeting Customer Needs, 12 The Market, 13 Marketing Mix And Strategy, And more!
