Marketing
The Four P's of Marketing
What is Price, Promotion, Place, Product?
Things you can sell
What is assets?
Policy that companies have to abide by to ensure the safety of their employees
What is Work, Health and Safety?
The resources used in the transformation (production) process.
What is Input?
Strengths, Weaknesses, Opportunities, Threats
What is SWOT?
Location, Economy, Laws, Politics, Pandemics
What is External Influences?
Movement of money in and out of a business
What is Cash flow?
Leaving a business or resigning voluntarily
What is voluntary separation?
The result of a business's efforts — the service or product that is delivered or provided to the customer.
What is outsourcing?
Leadership management style in which one leader or member of the organisation takes decisions on behalf of the company.
What is autocratic leadership?
What is Stakeholders?
Income after deductions
What is Net Income?
Training, Development, Recruitment, Legal
What is Human Resources?
The primary goal of a business
What is make a profit?
Leadership and management theory that focuses on how productivity in an organisation can be managed by concentrating on the things that motivate the workforce.
What is behavioural management theory?
Gaining an advantage over a business.
What is competitive advantage?
Income before deductions
Gross Income
An agreement between employers and employees and their union.
What is an enterprise agreement
Using an external company to do a business function
What is Outsourcing?
Establishment, Growth, Maturity, Post-maturity
What is The Business Life Cycle?
Type of consumer market which has a narrowly selected target market segment, eg. magazines
What is Niche Market?
Document that records the income of a business and all costs incurred to earn that income over a period of time (for example one year). It is also known as a profit and loss account
What is an Income Statement?
social media, headhunting, hiring agency and printed publication
the use of inspections at various points in the production process to check for problems and defects
What is Quality Control?
Acronym for the Australian Competition and Consumer Commission
What is the ACCC?