A -Business vocab and equations

?
ACORN
A Classification of Residential Neighborhoods
1 of 6
Adaptive Customisation
business produces a standard product which an be adapted or customised by the consumer
2 of 6
Adding Value
the process of increasing the worth of a RESOURCE by modifying it. e.g. parts of a tv have value added by assembling them into a TV
3 of 6
Added value
Sales Revenue - cost of parts (materials) and services (e.g. delivery driver)
4 of 6
AIDA
used to demonstrate the different aims of promotion. ATTENTION- make consumer aware of the product. INTEREST- make customers want to find out more. DESIRE- give customer reason to need the product. ACTION- converting a desire into an action
5 of 6
Authoritarian
Dictatorial, staff have virtually no say in decisions
6 of 6

Other cards in this set

Card 2

Front

Adaptive Customisation

Back

business produces a standard product which an be adapted or customised by the consumer

Card 3

Front

Adding Value

Back

Preview of the front of card 3

Card 4

Front

Added value

Back

Preview of the front of card 4

Card 5

Front

AIDA

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all general resources »