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Top Business Studies Flashcards

Interested in business studies? Check out our business studies flashcards! Business studies helps students to develop a critical understanding of organisations, the markets and the process of adding value. Business studies require a range of skills including decision-making and problem-solving. In this set of flashcards we cover 3 major topics: operational management, marketing and the competitive environment, and people in business.

In our operational management section we cover key terms such as the key decisions of operational management, operational targets and the different branches of production. In our marketing and the competitive environment section we cover advantages and disadvantages to several types of marketing strategies and provide the principles of business to business marketing. In our people in business section, we cover the soft skills needed to succeed. Organizational structure, levels of power and communication are just a few. Check out our business studies flashcards for more information on these topics and more!

Key Terms Of Business Flashcards

Cards: 33| Attempts: 160| Last updated: Oct 1, 2020

Entrepreneur

An Individual Who Takes A Financial Risk To C...

Enterprise

The Skills Needed To Make A New Idea Work.

Opportunity Cost

The Benefit From The Next Best Alternative Th...

Market Niche

A Small Segment Within A Market.

A Level Business Studies - Operational Management.

Cards: 24| Attempts: 3| Last updated: Sep 17, 2015

Operational Management Is

Concerned With Ensuring The P/S Of Te Company...

An Operations Manager Is

Responsible For Making The Decisions In Conju...

What Are The Key Decisions Of Operational Man...

- What Production Methods Should Be Used?- Wh...

Operations Managers Has Responsibility For ?

1) Assets - Materials, Plant, Machinery, Buil...

A Level Business Studies - Marketing And The Competitive Enviroment

Cards: 33| Attempts: 2| Last updated: Sep 17, 2015

Marketing Objectives Are ?

- To Target A New Market Or Market Segm...

What Is Niche Marketing And What Concepts Mig...

Niche Marketing Involves A Business Aiming A ...

What Is Mass Marketing?

Mass Marketing Is Aimed At Whole Markets Rath...

What Are The Advantages/disadvantages Of Mass...

Advantages- Focus On High Volume Sales Result...

A Level Business Studies - People In Business

Cards: 65| Attempts: 2| Last updated: Sep 30, 2015

How Does A Business Create An Organisational ...

It Does So By Organising Its Internal Structu...

What Does An Internal Structure Within A Busi...

- The Relationship Between Individuals - Wh...

Explain Principles Of Levels Of Power And Aut...

Power, Authority And Work Are All Delegated D...

What Is The Span Of Control?

It Refers To The Number Of Subordinates Worki...

A Level Business Studies - Starting A Business

Cards: 113| Attempts: 1| Last updated: Sep 16, 2015

What Is enterprise?

Ability To Identify And Exploit A Business Op...

What Is An Entrepreneur

Someone That Can Assess And Manage Risk When ...

What Is Oppotunity Cost

In Business If A Idea Is Not Persued By The E...

What Is Balance Of Payments

National Figure Which Is The Difference Betwe...

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