Business in the Real World
6 hours124 questionsThe Purpose & Nature of Businesses
Sectors of Industry, Factors of Production, The Dynamic Nature of Business, Business Enterprise & Entrepreneurship, The Purpose of Business, The Nature of Business
Business Ownership
Choosing an Appropriate Legal Structure, Not-for-profit Organisations, Private & Public Ltd Companies, Sole Traders & Partnerships
Setting Business Aims & Objectives
Using Objectives to Judge Success, Changing Business Objectives, Business Aims & Objectives
Stakeholders
Key Business Stakeholders
Business Location
Factors Influencing Business Location
Business Planning
The Purpose of Business Planning
Expanding a Business
Economies & Diseconomies of Scale, Business Expansion
Influences on Business
5 hours102 questionsTechnology
The Impact of ICT on Business Activity
Ethical & Environmental Considerations
Sustainability, Environmental Considerations, Business Ethics
The Economic Climate
Economic Factors
Globalisation
Exchange Rates, How UK Businesses Compete Internationally
Legislation
Legislation & Business
Competitive Environment
Operating in Competitive Markets, Risks & Uncertainty
Business Operations
4 hours69 questionsProduction Processes
Efficiency in Production, Producing Goods & Services
The Role of Procurement
Procurement & Logistics, Choosing Suppliers, Managing Stock
The Concept of Quality
Ensuring Consistent Quality, Measuring & Identifying Quality Problems, The Importance of Quality
Good Customer Service
ICT & Customer Service, Customer Service in Business
Human Resources
4 hours70 questionsOrganisational Structures
Management & Communication in Different Structures, Key Principles of Organisational Structures
Recruitment & Selection of Employees
The Recruitment Process, The Selection Process, Contracts of Employment, The Need for Recruitment
Motivating Employees
Ways to Motivate Employees
Training
Methods of Training, The Importance of Training
Marketing
5 hours86 questionsIdentifying & Understanding Customers
Customer Needs & Wants
Segmentation
Segmenting the Market
The Purpose & Methods of Market Research
Methods of Market Research, The Purpose of Market Research, Using Market Research Data
The Elements of the Marketing Mix
Product Portfolios, Integrating Elements of the Marketing Mix, An Introduction to the Marketing Mix, Place, Place: E-Commerce & M-Commerce, Product, Price, Promotion: The Promotional Mix
Finance
4 hours68 questionsSources of Finance
Sources of Finance, The Need for Finance
Cash Flow
Cash Flow Forecasts, The Importance of Cash Flow, Using Cash Flow Forecasts
Financial Terms & Calculations
Using Break-even, Financial Terms & Calculations, Investment Projects, Break-even
Analysing the Financial Performance of a Business
Evaluating Financial Performance, Using the Income Statement, The Income Statement, An Introduction to Financial Statements, The Statement of Financial Position