Business Unit 2a Key terms

Everything you need to know for the Business Studies Unit 2a: all of the key terms and their definitions, very true and variefied with edexcel specification  

?
M N B C F E R Q M Q E P S A E H H O V J T
L O F W O N X I E B C B E F X U Y L E P H
H I C X O V D N T M N B R I T D C D X S G
R T X F D I G T S V A C U N E U P J T H G
T A T B M R K E Y H N V G A R Y O J E V V
R S C X I O M R S D I E I N N A U T N K S
A I N C L N P N L V F Q F C A O T C S W K
I L Q S E M U A O H Y E L I L K A C I A C
P I W N S E S L R Q C M A A R O K R O T T
M T B S L N O R T H N O C L E X G Q N T G
U U W W A T B E N W E B I I C X E S S H E
E Y W Q B A E C O Q G Q R N R J R Y T E F
G T R L E L B R C S N K O C U F N K R K Q
H I G U L F X U K Y I M T E I F D B A G N
Q C N B L A U I C F T R S N T M A P T C Q
J A Q Y I C N T O D N K I T M H H G E E S
E P V X N T V M T B O O H I E S U G G I F
J A P P G O M E S V C M M V N S P O I E R
T C P Y C R V N M C M S P E T C F K E E T
P T K V M S K T L V A T S S K E Q Y S G B
E S D L J U M R L W G U D U V I L K T E W

Clues

  • A method used to ensure there is always sufficient stock (5, 7, 6)
  • Actions taken by a firm to revive sales of a product that is in the decline stage of its product life cycle, with falling sales. (9, 10)
  • Choosing someone from outside the firm, rather than promoting an insider to a vacant job position. (8, 11)
  • Measures what % of your maximum output is actually being produced. (8, 11)
  • Promoting an insider into a vacant post. (8, 11)
  • Putting a label on food in shops to show how far it has travelled from producer. (4, 5, 9)
  • Statistics from past years eg for revenue; used to compose budgets (10, 7)
  • Those issues to do with protecting our planet, that a firm may well consider before making decisions eg possible pollution caused by their factory. (13, 7)
  • Ways of motivating workers through cash rewards, eg Piecework, Performance Related Pay, Bonuses. (9, 10)
  • Working capital in reserve ready to be used when a one off financial problem occurs (could be advanced permission to have or increase an aoverdraft). (11, 7)

Comments

davidsalter

Report

This is an excellent set of flash cards which asks for definitions of 35 key terms relating to the whole unit 2 syllabus. They can be used for individually or for joint revision.

Similar Business Studies resources:

See all Business Studies resources »See all Marketing mix resources »