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Business

GCSE · OCR

QuestionsFlashcards

1.1 Business Enterprise & Entrepreneurship
- The Purpose of Business Activity
  8
- The Nature of Enterprise
  11
1.2 Business Planning
- Why Write a Business Plan?
  4
- The Business Plan
  10
1.3 Business Ownership
1.4 Business Aims & Objectives
- Aims & Objectives
  8
- Changing & Differing Objectives
  6
1.5 Stakeholders in Business
- Stakeholders
  9
- Stakeholder Considerations
  12
1.6 Business Growth
- Organic Growth
  6
- External Growth
  12

3.1 The Role of Human Resources
3.2a Organisational Structures
- Different Organisational Structures
  10
- Organisation Charts
  8
3.2b Different Ways of Working
3.3 Communication in Business
3.4 Recruitment & Selection
3.5 Motivation & Retention
3.6 Training & Development
- Training & Development Methods
  15
- The Importance of Training & Development
  13
3.7 Employment Law

4.1 Production Processes
- Methods of Production
  15
- Technology in Production
  10
4.2 Quality of Goods & Services
- Quality
  9
- Methods of Ensuring Quality
  10
4.3 The Sales Process & Customer Service
- The Sales Process
  16
- Customer Service
  11
4.4 Consumer Law
4.5 Business Location
4.6 Working with Suppliers
- Procurement
  9
- Logistics & Supply Decisions
  9

5.1 The Role of Finance
5.2 Sources of Finance
- Financing Business Activity
  14
- Choosing Appropriate Sources of Finance
  24
5.3 Revenue, Costs, Profit & Loss
5.4 Break-Even
- The Importance of Break-Even
  7
- Using Break-Even
  2
5.5 Cash & Cash Flow
- The Importance of Cash
  10
- Cash Flow Forecasting
  15

6.1 Ethical & Environmental Considerations
- Ethical Considerations
  16
- Environmental Considerations
  15
6.2 The Economic Climate
6.3 Globalisation

7.1 Interdependence of Business Functions Flashcards

All 7 cards in this deck

What is meant by interdependence of business functions?: The reliance of business functions on each other to carry out their responsibilities and enable the business to operate effectively.
How does a successful advertising campaign by marketing affect the operations function?: Operations must increase output to meet the extra demand.
Give two marketing changes that would affect the operations function.: Any two of: a new advertising campaign; a price change; a new product; entering a new market; a new selling method (e.g. online).
What does the marketing function need from the finance function before planning a campaign?: A budget: marketing must plan campaigns within the budget that finance sets and monitors.
True or false? A major decision such as launching a new product can be taken by the marketing function alone.: False. Marketing, operations, finance and human resources must all work together, and failure in any one can damage the launch.
How might introducing new technology in operations affect human resources?: Fewer workers may be needed, or staff with new skills may have to be recruited or trained.
How could cutting costs with cheaper raw materials affect marketing?: Product quality may fall, so sales may fall, reducing revenue and possibly cancelling out the cost saving.