BS1 - WJEC specification

All the units

Unincoporated businesses ...
where there is no legal different between the owners and the business, everything is carried out in the name of the owners.
1 of 8
The private sector.....
includes all businesses which are set up by individuals/groups of individuals
2 of 8
Batch production (making identitcal batches of a product)......
All itmes in a batch are identical, but changes can be made between batches
3 of 8
An advantage of a sole trader is....
Simplicity - less form filling than for a limited company
4 of 8
Disadvantage of job production
low capacity utilisation of equipment - skilled workers use a lot of tools rather than one tool all the time
5 of 8
Job Production (a one off production) advantage
High added value - even low sales make a profit
6 of 8
Market growth =
new market size - old market size divided by old market size x 100
7 of 8
Formula for market share
sales/total market size x 100
8 of 8

Other cards in this set

Card 2

Front

The private sector.....

Back

includes all businesses which are set up by individuals/groups of individuals

Card 3

Front

Batch production (making identitcal batches of a product)......

Back

Preview of the front of card 3

Card 4

Front

An advantage of a sole trader is....

Back

Preview of the front of card 4

Card 5

Front

Disadvantage of job production

Back

Preview of the front of card 5
View more cards

Comments

Tanikawa

Report

 helpful :) 

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