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Business Studies Unit 3 Revision list
Effective Financial management
Cash flow

1. Explain the use/purpose of a cash flow forecast for a business

2. Name 5 inflows and outflows for a business

3. Be able to complete a cash flow forecast

4. Be able to read a cash flow forecast…

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Sources of Finance

1. Be able to define the internal and external sources of finance


Internal sources of finance External sources of finance

Retained profits Share capital
Sales of assets Bank loan
Owners funds Overdraft
Trade credit



2. Be able to give at least 2-3 advantages and disadvantages of each…

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2. Define repeat purchases
3. Name 8 methods used by businesses when setting up a product trial
4. What can a business do to its marketing mix to maintain repeat purchases
5. Name the issues a business may face when setting up product trials and repeat
purchases

Product life cycle…

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3. Give 6 examples of how each of the following businesses provide good customer
service
a. Restaurant
b. Airline
c. Supermarket
d. Mobile phone shop

Quality

1. Define `Quality control' and `Quality assurance'
2. Be able to explain the main differences (2-3 points) between `Quality control' and
Quality assurance'
3.…

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3. What can consumers get/gain should businesses break these laws.




Effective people management
Organisational structure

1. Explain what a organisational structure/ organisational hierarchy is
2. Define and explain the following terms:-
Divisional structure
Organisational chart
Chain of command
Span of control
Line manager
Function/ department
Subordinates
Authority
Empowerment
Delaying
3.…

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5. Name 4 barriers to clear communication.




Remuneration

1. Explain how the following payment systems work:
a. Salaries
b. Wage
c. Overtime
d. Basic pay
e. Commission
f. Bonus
g. Fringe benefits
2. Explain the impact each payment systems would have on the business and the
employee.
3. Explain the…

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c. Protectionist policies
d. Tariffs/ customs duties
e. Income distribution
f. Developed countries
g. Less developed countries
h. Export subsidies
i. Quotas



2. Explain how income, wage and products affect trade
3. Explain how import protection effects businesses
4. Explain how export subsidies effects businesses



The impact of government and…

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