AQA Business Studies Key Terms Quiz Key terms quiz 4.5 / 5 based on 8 ratings ? Business StudiesGCSEAll boards Created by: pannaCreated on: 22-05-11 12:29 What is Horizontal Integration? When a business buys another business at the same stage of production. 1 of 12 What are the 4 P's? Product, Place, Price and Promotion 2 of 12 In the Boston Matrix, what component has high share and low growth? Cash Cow 3 of 12 In the Boston Matrix, what component has low share and low growth? DOG 4 of 12 In the product life cycle, what comes after growth and before decline? Maturity 5 of 12 What is Price Skimming? Charging a high price when a product is new to the market and once competition enters price falls to compete. 6 of 12 What is a decentralised organisation? Decision making takes place all over the business. 7 of 12 What does a balance sheet tell us? How much a business is worth at a given point in time. 8 of 12 Is the number of people a manager is responsible for known as 'Span of Control'? Yes 9 of 12 What is on the job training? When you work with an experienced employee whilst doing the job you will be doing. 10 of 12 What can these things be known as? Money, praise, teamwork, promotion etc. Motivation for employees 11 of 12 What is Flow Production? A type of production that moves an item continuously from one stage of the process to another. 12 of 12
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