Business Studies Unit 1

HideShow resource information
Reasons for starting a business...
Profit, Growth, Survival,Cash Flow, Ethics
1 of 18
What does SMART stand for...
Specific, Measurable,Achievable, Realistic, Time Bound
2 of 18
Define the term Mission...
the aims and long term objective for a business
3 of 18
What are the benefits of profit...
Motivation, Future Investment, Satisfied stakeholders, Measure of Success, Source of finance
4 of 18
What is the formula for total revenue...
Price * Quantity
5 of 18
Formula for total costs...
Fixed costs + Variable costs
6 of 18
Name the different forms of business...
Soletrader, Partnership, LTD, PLC, Non Profit
7 of 18
Name the two different sectors of business...
Public & Private
8 of 18
What is the formula for market capitalisation...
Outstanding shares * Current Market Price
9 of 18
What is the formula for ordinary share capital...
Shares * Original Price Paid
10 of 18
Name the two types of external environment...
General & Competitive
11 of 18
What does PESTLE stand for...
Political, Economical, Social, Technological, Legal, Environmental
12 of 18
Influences on demand...
Costs, Tastes and Fashion, Price, Price of substitutes, Marketing&Advertising, Seasonal Factors, Government Action Ect...
13 of 18
Name the different categories of demographics...
Ageing Population, Geographic Shift, Ethnic Diversity, Size of Household
14 of 18
Why become greener...
Good Reputation, Premium Pricing, Less interruption from pressure groups.
15 of 18
Name the Two types of income...
Disposable&Discretionary
16 of 18
What happens when interest rates fall...
Saving Decreases , Demand increases
17 of 18
What happens when interest rates rise...
Saving Increases, Demand Decreases
18 of 18

Other cards in this set

Card 2

Front

What does SMART stand for...

Back

Specific, Measurable,Achievable, Realistic, Time Bound

Card 3

Front

Define the term Mission...

Back

Preview of the front of card 3

Card 4

Front

What are the benefits of profit...

Back

Preview of the front of card 4

Card 5

Front

What is the formula for total revenue...

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 Unit One resources »