AOS1
SMART Goals stands for...
Specific, Measurable, Attainable, Relevant, Time Bound
SWOT analysis stands for?
Strengths, Weaknesses, Opportunities, Threats
Customers, Competitors, Suppliers, Special interest groups...are all?
Operating Environment
Business Management Unit 1 is titled...
Planning a business
How many marks is a define question worth
2 marks
Definition: the process of establishing a business to satisfy a need in the market whilst taking on the associated risks.
Entrepreneurship
unlimited liability, high level of control, low set-up costs...are all characteristics of?
Sole Trader
Interest Rates, Employment Levels, tax Rates, Business and consumer confidence...are all?
Economic conditions
Unit 1&2 is a prerequisite for Unit 3&4
False
What are 3 high order command terms
compare
evaluate
propose and justify
Innovation, Taking advantage of market opportunities, Changing customer needs, Research and development Technological development and Global markets...are all?
Sources of business oppurtunity
Public equity
CSR is defined as...
the ethical conduct of a business beyond legal obligations, and the consideration of social, economic, and environmental impacts when making business decisions.
Unit 1 Area of Study 1 is titled...
The business idea
What is the one command term you will lern in unit 3/4 business
Analyse
Definition: is the process of investigating and analysing the activities and behaviours of customers and competitors in a specific industry.
Market Research
Definition: Physical store in which customers have to physically walk into
Brick and Mortar
Definition: an exclusive right granted over a unique aspect of a business, such as a symbol, word, sound, or number, that is used to distinguish the business or its products.
Unit 1 Area of Study 2 is titled...
Internal environment
When doing a timed sac which question should you do last and why
Evaluate because...
financial and personal independence, make a profit, fulfill a market and social need...are all?
Personal motivations for starting a business
Definition: an experienced and knowledgeable business person who provides guidance and advice.
Business Mentor
Definition: the way people act and respond in various situations.
Societal Behaviours
Unit 1 Area of Study 3 is titled...
External Environment
Identify all the command terms
teacher discretion