F291 business studies

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  • Created by: Molly
  • Created on: 06-05-13 16:37
Why would someone choose to become a franchise instead of opening their own business?
less risk, provided with support, established reputation/customers, national advertising, given uniforms and equipment etc
1 of 12
Name an unfair reasons for dismissal
any discrimination, minor discretion with no previous warnings
2 of 12
Give three factors which could influence the future success of a business
ethical issues, organisational structure, sources of finance, market research, legal identity, political issues, social change, economy, stakeholders, competition, cash flow, objectives
3 of 12
What does SWOT analysis stand for
S- strengths W-weaknesses O-opportunities T-threats
4 of 12
Name three internal sources of finance
retained profit, sale of stock, owners investment, debt collection, sale of fixed assets
5 of 12
Name three external sources of finance
bank loan, overdraft, partnership, shares, leasing, hire purchase, mortgage, trade credit, grant
6 of 12
Name four economies of scale
financial, managerial, purchasing, internal, external, technological, marketing, concentration, information, risk bearing
7 of 12
Give three reasons why diseconomies of scale can occur
communication problems, problems with managing the production process, reduction in morale
8 of 12
What are three ways of measuring the size of a business
capital, turnover, employees, market share
9 of 12
Three examples of stakeholders
competition, employees, shareholders, suppliers, pressure groups, banks, local community, government, customers
10 of 12
Give three benefits of trading ethically
good brand image, higher profits, more of a competition, increase market share, trustworthy, increase sales
11 of 12
Give three drawbacks of trading ethically
increase costs, may have to increase prices, competition may follow, opportunity cost
12 of 12

Other cards in this set

Card 2

Front

Name an unfair reasons for dismissal

Back

any discrimination, minor discretion with no previous warnings

Card 3

Front

Give three factors which could influence the future success of a business

Back

Preview of the front of card 3

Card 4

Front

What does SWOT analysis stand for

Back

Preview of the front of card 4

Card 5

Front

Name three internal sources of finance

Back

Preview of the front of card 5
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