BUSINESS STUDIES FLASHCARDS 2 (MOD1) 1.0 / 5 based on 1 rating ? Business StudiesASNone Created by: RhiannanCreated on: 13-03-13 23:41 WHAT'S A PROBLEM WITH QUALITATIVE RESEARCH? It's time consuming and difficult to analyse 1 of 10 WHAT'S A PROBLEM WITH QUANTITATIVE RESEARCH? Answers aren't detailed and can lead to bias 2 of 10 WHAT ARE THE 3 SECTIONS OF PRODUCTION? 1) Primary- extracted 2)secondary-made 3)Tertiary-sold 3 of 10 GIVE SOME EXAMPLES OF INPUTS INTO ANY PRODUCT 1)Land (cost and access to audience) 2)Labour (skills/altitudes) 3)Capital (equipment) 4)Materials (costss/quality) 4 of 10 GIVE EXAMPLES OF OUTPUTS INTO ANY PRODUCT 1)Adding value 2)Increased perceived worth (brand name,'exclusive features') 3)Reduce the cost of production 5 of 10 WHAT ARE THE 3 TYPES OF MARKET? 1)Geographical 2)Electric 3)Physical 6 of 10 NAME SOME FACTORS THAT INFLUENCE DEMAND 1)Price 2)Competition 3)Marketing campaign 4)Taste and fashion 5)Population 6)Seasonal factors 7)Government legislation 8)Income 7 of 10 WHAT DO YOU INCLUDE IN A BUSINESS PLAN? 1)Financial plan 2)Marketing objectives 3)Objectives of business 4)Key to success 5)Team and management structure 6)Web plan summary 8 of 10 WHY IS IT IMPORTANT YOU LIST OBJECTIVES IN A BUSINESS PLAN? 1)So you stick to it 2)Shows investors what you're going to do in order to gain investment 3)Helps everyone work towards the same goal 9 of 10 WHO USES A BUSINESS PLAN? Bank managers, shareholders, owners 10 of 10
Comments
No comments have yet been made