Business Revision Questions | e-Consult

1.1 Enterprise – The nature of business activity 1.1 Enterprise – The role of entrepreneurs and intrapreneurs 1.1 Enterprise – Business plans 1.2 Business structure – Economic sectors 1.2 Business structure – Business ownership 1.3 Size of business – Measurements of business size 1.3 Size of business – Significance of small businesses 1.3 Size of business – Business growth 1.4 Business objectives – Business objectives in private and public sectors 1.4 Business objectives – Objectives and business decisions 1.5 Stakeholders – Business stakeholders 1.5 Stakeholders – Relative importance and influence 2.1 HRM – Purpose and roles of HRM 2.1 HRM – Workforce planning 2.1 HRM – Recruitment and selection 2.1 HRM – Redundancy and dismissal 2.1 HRM – Morale and welfare 2.1 HRM – Training and development 2.1 HRM – Management and workforce relations 2.2 Motivation – Motivation as a tool 2.2 Motivation – Human needs 2.2 Motivation – Motivation theories 2.2 Motivation – Methods in practice 2.3 Management – Management and managers 3.1 The nature of marketing – Role of marketing 3.1 The nature of marketing – Demand and supply 3.1 The nature of marketing – Markets 3.1 The nature of marketing – Consumer and industrial marketing 3.1 The nature of marketing – Mass and niche marketing 3.1 The nature of marketing – Market segmentation 3.1 The nature of marketing – Customer relationship marketing (CRM) 3.2 Market research – Purposes 3.2 Market research – Primary and secondary research 3.2 Market research – Sampling 3.2 Market research – Market research data 3.3 The marketing mix – Elements of the marketing mix 3.3 The marketing mix – Product 3.3 The marketing mix – Product portfolio analysis 3.3 The marketing mix – Pricing methods 3.3 The marketing mix – Promotion methods 3.3 The marketing mix – Place (distribution) 4.1 The nature of operations – The transformational process 4.1 The nature of operations – Efficiency, effectiveness, productivity and sustainability 4.1 The nature of operations – Capital and labour intensive operations 4.1 The nature of operations – Operations methods 4.2 Inventory management – Managing inventory 4.2 Inventory management – Just in Time (JIT) 4.3 Capacity utilisation and outsourcing – Capacity utilisation 4.3 Capacity utilisation and outsourcing – Outsourcing 5.1 Business finance – The need for business finance 5.1 Business finance – Working capital 5.2 Sources of finance – Business ownership and sources 5.2 Sources of finance – Internal and external sources 5.2 Sources of finance – Factors affecting choice 5.2 Sources of finance – Selecting the source of finance 5.3 Forecasting and managing cash flows – Cash flow forecasts 5.4 Costs – Cost information 5.4 Costs – Approaches to costing 5.4 Costs – Uses of cost information 5.4 Costs – Break-even analysis 5.5 Budgets – Meaning and purpose of budgets 5.5 Budgets – Variances 6.1 External influences – Political and legal 6.1 External influences – Economic 6.1 External influences – Social and demographic 6.1 External influences – Technological 6.1 External influences – Competitors and suppliers 6.1 External influences – International 6.1 External influences – Environmental 6.2 Business strategy – Developing business strategy 6.2 Business strategy – Corporate planning and implementation 7.1 Organisational structure – Objectives and structure 7.1 Organisational structure – Types of structure 7.1 Organisational structure – Delegation and accountability 7.1 Organisational structure – Control, authority and trust 7.1 Organisational structure – Centralisation and decentralisation 7.1 Organisational structure – Line and staff 7.2 Business communication – Purposes of communication 7.2 Business communication – Methods of communication 7.2 Business communication – Channels of communication 7.2 Business communication – Barriers to communication 7.2 Business communication – Role of management 7.3 Leadership – Leadership 7.3 Leadership – Theories of leadership 7.3 Leadership – Emotional intelligence (EQ) 7.4 HRM strategy – Approaches to HRM 8.1 Marketing analysis – Elasticity 8.1 Marketing analysis – Product development 8.1 Marketing analysis – Sales forecasting 8.2 Marketing strategy – Planning the marketing strategy 8.2 Marketing strategy – Approaches to marketing strategy 8.2 Marketing strategy – International marketing 9.1 Location and scale – Location 9.1 Location and scale – Scale of operations 9.2 Quality management – Quality control and assurance 9.2 Quality management – Benchmarking 9.3 Operations strategy – Operational decisions 9.3 Operations strategy – Flexibility and innovation 9.3 Operations strategy – Enterprise resource planning (ERP) 9.3 Operations strategy – Lean production 9.3 Operations strategy – Operations planning and CPA 10.1 Financial statements – Statement of profit or loss 10.1 Financial statements – Statement of financial position 10.1 Financial statements – Inventory valuation 10.1 Financial statements – Depreciation 10.2 Analysis of published accounts – Liquidity ratios 10.2 Analysis of published accounts – Profitability ratios 10.2 Analysis of published accounts – Financial efficiency ratios 10.2 Analysis of published accounts – Gearing ratio 10.2 Analysis of published accounts – Investment ratios 10.3 Investment appraisal – Concept of investment appraisal 10.3 Investment appraisal – Payback and ARR 10.3 Investment appraisal – Net present value (NPV) 10.3 Investment appraisal – Investment appraisal decisions 10.4 Finance and accounting strategy – Use of accounting data 10.4 Finance and accounting strategy – Accounting data and ratios