business studies

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  • Created by: HAMZAH
  • Created on: 04-01-13 19:40
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  • 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
        • partnership
        • private limited
          • have their own identity
      • 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
    • 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
      • 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
    • 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
      • 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
  • the four p's
    • promotion
    • price
    • place
    • product
  • private firms also offer help
    • finiancial help
    • Untitled

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