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Edexcel GCSE Business

GCSE · EdexcelBusiness Studies545 cards

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Flashcards for Pearson Edexcel GCSE Business (1BS0), split into Theme 1: Investigating small business (Paper 1) and Theme 2: Building a business (Paper 2), then by the specification's own numbered topics. Covers definitions, each advantage and disadvantage the specification asks for, and the calculations from its quantitative skills appendix, including revenue, profit, break even, cash flow, gross and net profit margin and average rate of return.

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What is inside (51 subdecks)

  • Theme 1: Investigating small business (Paper 1)278 cards
    • 1.1 Enterprise and entrepreneurship29 cards
      • 1.1.1 The dynamic nature of business8 cards
      • 1.1.2 Risk and reward8 cards
      • 1.1.3 The role of business enterprise13 cards
    • 1.2 Spotting a business opportunity40 cards
      • 1.2.1 Customer needs7 cards
      • 1.2.2 Market research17 cards
      • 1.2.3 Market segmentation11 cards
      • 1.2.4 The competitive environment5 cards
    • 1.3 Putting a business idea into practice105 cards
      • 1.3.1 Business aims and objectives14 cards
      • 1.3.2 Business revenues, costs and profits41 cards
      • 1.3.3 Cash and cash flow19 cards
      • 1.3.4 Sources of business finance31 cards
    • 1.4 Making the business effective55 cards
      • 1.4.1 The options for start-up and small businesses29 cards
      • 1.4.2 Business location7 cards
      • 1.4.3 The marketing mix9 cards
      • 1.4.4 Business plans10 cards
    • 1.5 Understanding external influences on business49 cards
      • 1.5.1 Business stakeholders15 cards
      • 1.5.2 Technology and business10 cards
      • 1.5.3 Legislation and business10 cards
      • 1.5.4 The economy and business11 cards
      • 1.5.5 External influences3 cards
  • Theme 2: Building a business (Paper 2)267 cards
    • 2.1 Growing the business61 cards
      • 2.1.1 Business growth25 cards
      • 2.1.2 Changes in business aims and objectives5 cards
      • 2.1.3 Business and globalisation20 cards
      • 2.1.4 Ethics, the environment and business11 cards
    • 2.2 Making marketing decisions52 cards
      • 2.2.1 Product19 cards
      • 2.2.2 Price12 cards
      • 2.2.3 Promotion12 cards
      • 2.2.4 Place5 cards
      • 2.2.5 Using the marketing mix to make business decisions4 cards
    • 2.3 Making operational decisions46 cards
      • 2.3.1 Business operations17 cards
      • 2.3.2 Working with suppliers13 cards
      • 2.3.3 Managing quality7 cards
      • 2.3.4 The sales process9 cards
    • 2.4 Making financial decisions30 cards
      • 2.4.1 Business calculations19 cards
      • 2.4.2 Understanding business performance11 cards
    • 2.5 Making human resource decisions78 cards
      • 2.5.1 Organisational structures24 cards
      • 2.5.2 Effective recruitment20 cards
      • 2.5.3 Effective training and development14 cards
      • 2.5.4 Motivation20 cards

Some of its cards

  • Business plan
    A document setting out a business idea and how it will be put into practice
  • The money a business receives from selling its goods or services
    Revenue
  • An owner's responsibility for a business's debts being limited to the amount they invested in it
    Limited liability
  • Growth a business achieves using its own resources and efforts, rather than joining with another business
    Internal growth (organic growth)
  • Price (as a customer need)
    How much a customer has to pay for a product or service
  • Any person or group with an interest in what a business does
    Stakeholder
  • A business acting in ways its stakeholders consider morally right and fair
    Ethical behaviour (in business)
  • Setting a high price when a new product launches, to maximise revenue from customers willing to pay before the price is lowered
    Price skimming
  • Give four job roles, in order from most to least senior.
    Directors, senior managers, supervisors or team leaders, and operational and support staff
  • Give three reasons motivation matters to a business.
    Attracting employees, retaining employees and productivity

And 535 more once you add the deck.