business studies
- Created by: HAMZAH
- Created on: 04-01-13 19:40
View mindmap
- business studies
- unit 1
- why businesses are set up
- financial reasons
- personal reasons
- to help others eg charities
- can have different aims
- enterprise
- can be either a business or organization
- entrepenuers take advantages of oppurtunites
- enterprise means taking risks
- balancing risks against possible rewards
- need particular qualities
- ownership structures
- sole traders
- limited liability
- partnership
- limited liability
- partnership
- private limited
- have their own identity
- sole traders
- franchise
- the right to sell another buisness product
- limited liability
- aims and objectives
- success can mean different things for different bus.es
- can help a business help muesure succsess
- use aims to reach objectives
- location
- loc of materials
- loc of customers
- labour supply
- coms links
- why businesses are set up
- unit 2
- the marketing mix
- the four p's
- promotion
- price
- place
- product
- different for different products
- enterprises have to decide on a strategty
- business map the market to find the relevant information
- gaps int he market provde oppurtuites for the
- the four p's
- market research
- finds pout what customers want
- fielsd research
- this is when you do the research yourself
- desk research
- this is when you use a different persons research for your own business
- products
- should be market driven
- demand and supply
- demand rises as price falls
- supply rises as prices rises
- promotion
- firms promote their irms through advertising
- can be advertised in different media
- the marketing mix
- unit 3
- business costs
- revenue is the income earned by the business
- the expenses paid out by the businsee
- profit revenue-cost
- sources of finance
- firms need start up funds
- small firms have 5 main sources of start up finance
- grants
- over drafts
- loans
- venture caps
- trs
- help and support
- governementhelps
- trains new staffse
- private firms also offer help
- finiancial help
- Untitled
- governementhelps
- cash flow
- more than just profits
- all the funds in and out the businiess
- help anticipate problems
- credit terms can affetc cahs flow
- three ways business can improve cashg flows
- more than just profits
- business costs
- unit 1
- the four p's
- promotion
- price
- place
- product
- private firms also offer help
- finiancial help
- Untitled
Comments
No comments have yet been made