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Business

GCSE · AQA

QuestionsFlashcards

The Purpose & Nature of Businesses
Business Ownership
Setting Business Aims & Objectives
Stakeholders
Business Location
Business Planning
Expanding a Business
- Business Expansion
  11
- Economies & Diseconomies of Scale
  12

Technology
Ethical & Environmental Considerations
The Economic Climate
Globalisation
- How UK Businesses Compete Internationally
  7
- Exchange Rates
  5
Legislation
Competitive Environment
- Operating in Competitive Markets
  6
- Risks & Uncertainty
  9

Production Processes
- Producing Goods & Services
  5
- Efficiency in Production
  6
The Role of Procurement
The Concept of Quality
Good Customer Service
- Customer Service in Business
  6
- ICT & Customer Service
  6

Organisational Structures
- Key Principles of Organisational Structures
  11
- Management & Communication in Different Structures
  9
Recruitment & Selection of Employees
Motivating Employees
Training
- The Importance of Training
  6
- Methods of Training
  8

The Exam Papers
- Paper 1: Influences of Operations & HRM on Business Activity
  7
- Paper 2: Influences of Marketing & Finance on Business Activity
  5
Business Exam Skills
Structuring Your Responses

Product Flashcards

All 7 cards in this deck

What is a unique selling point (USP)?: A feature that makes a product different from and stand out against competitors' products.
Why is a USP important to a business in a competitive market?: It makes the product stand out from the competition, attracting customers and allowing the business to charge more.
What does it mean to differentiate a product?: To make it clearly different from rivals' products, through design, branding, quality or a USP.
Give one benefit to a business of a strong brand image.: Customers recognise and trust the brand, so they buy repeatedly and may accept a higher price.
State one benefit to a business of developing a new product.: It can attract new customers and increase sales, keeping the business competitive.
True or false? Developing a new product is a low-risk way for a business to increase profit.: False. Research, development and launch cost money, and the product may fail to sell.
What three things should a business consider when designing a new product?: The design (function and appearance), the image it creates, and the needs of the target market.