1 Exam (elaborations) Business Administration Final Review Exam And Verified Answers 2024. 2 Exam (elaborations) Business Studies - Keywords & Definitions Exam Review Questions And Verified Answers 2024. 3 Exam (elaborations) Business Studies -HSC Unit Pro Exam And Correct Answers 100% 2024. 4 E...
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a business - Answer an enterprise; an organisation which supplies goods or services or achieves a specific result public sector - Answer government controlled organisations, central or local, which supply goods or services either for a profit or not-for-profit private sector - Answer bus...
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Add to carta business - Answer an enterprise; an organisation which supplies goods or services or achieves a specific result public sector - Answer government controlled organisations, central or local, which supply goods or services either for a profit or not-for-profit private sector - Answer bus...
Productivity - Answer output measured against the inputs used to create it. Buffer Inventory Level - Answer inventory held to deal with uncertainty in customer demand and deliveries of supplies. Lean Production - Answer techniques used by businesses to cut down on waste and therefore inc...
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Add to cartProductivity - Answer output measured against the inputs used to create it. Buffer Inventory Level - Answer inventory held to deal with uncertainty in customer demand and deliveries of supplies. Lean Production - Answer techniques used by businesses to cut down on waste and therefore inc...
Entrepreneur - Answer Someone who is willing to take the risks involved in starting a business. Social Enterprise - Answer A business which aims to help society as opposed to gaining a profit. Market Research - Answer The process of collecting, analysing and interpreting data relevant to...
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Add to cartEntrepreneur - Answer Someone who is willing to take the risks involved in starting a business. Social Enterprise - Answer A business which aims to help society as opposed to gaining a profit. Market Research - Answer The process of collecting, analysing and interpreting data relevant to...
Marketing mix - Answer Product Price Promotion Place Human Resource Cycle - Answer Acquisition Training & Development Maintenance Separation Influences in external business environment - Answer GEOGRAPHIC ECONOMIC MARKETS SOCIAL POLITICAL LEGAL INSTITUTIONAL TECHNOLOGICAL ...
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Add to cartMarketing mix - Answer Product Price Promotion Place Human Resource Cycle - Answer Acquisition Training & Development Maintenance Separation Influences in external business environment - Answer GEOGRAPHIC ECONOMIC MARKETS SOCIAL POLITICAL LEGAL INSTITUTIONAL TECHNOLOGICAL ...
Small Business - Answer An organisation that has less than 20 employees Objective - Answer A specific target a business sets itself Seasonality - Answer A concept that explains that some businesses experience fluctuating levels of demand throughout the year Longevity - Answer The ab...
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Add to cartSmall Business - Answer An organisation that has less than 20 employees Objective - Answer A specific target a business sets itself Seasonality - Answer A concept that explains that some businesses experience fluctuating levels of demand throughout the year Longevity - Answer The ab...
Business - Answer An organisation which produces goods and services Consumer goods - Answer Goods and services sold to ordinary people rather than businesses Entrepreneurs - Answer People who take risk and set up businesses Goods - Answer Physical products like a mobile phone, packe...
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Add to cartBusiness - Answer An organisation which produces goods and services Consumer goods - Answer Goods and services sold to ordinary people rather than businesses Entrepreneurs - Answer People who take risk and set up businesses Goods - Answer Physical products like a mobile phone, packe...
Direct taxes - Answer taxes paid directly to the government, for example by employees from income, or by businesses from their profits Fiscal policies - Answer government economic policies based on taxation and public expenditure Gross Domestic Product (GDP) - Answer the total value of g...
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Add to cartDirect taxes - Answer taxes paid directly to the government, for example by employees from income, or by businesses from their profits Fiscal policies - Answer government economic policies based on taxation and public expenditure Gross Domestic Product (GDP) - Answer the total value of g...
Need - Answer A good or service that is essential for people's living Want - Answer A good or service which people want to have, not essential Economic problem - Answer When wants exceed the resource available to make scarcity Scarcity - Answer when there are unlimited wants but li...
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Add to cartNeed - Answer A good or service that is essential for people's living Want - Answer A good or service which people want to have, not essential Economic problem - Answer When wants exceed the resource available to make scarcity Scarcity - Answer when there are unlimited wants but li...
Above-the-line promotion - Answer Placing adverts using the media. Acid test ratio - Answer Similar to the current ratio but excludes stocks from current assets. Sometimes called the quick ratio. Advertising - Answer Communication between a business and its customers whereby messages are...
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Add to cartAbove-the-line promotion - Answer Placing adverts using the media. Acid test ratio - Answer Similar to the current ratio but excludes stocks from current assets. Sometimes called the quick ratio. Advertising - Answer Communication between a business and its customers whereby messages are...
Stakeholders - Answer Individuals or groups of individuals who affect or are affected by a business Give 8 examples of stakeholders - Answer 1. Government 2. Owner 3. Employees 4. Financiers 5. Community 6. Costumers 7. Managers 8. Suppliers Consumer Goods - Answer Goods and ser...
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Add to cartStakeholders - Answer Individuals or groups of individuals who affect or are affected by a business Give 8 examples of stakeholders - Answer 1. Government 2. Owner 3. Employees 4. Financiers 5. Community 6. Costumers 7. Managers 8. Suppliers Consumer Goods - Answer Goods and ser...
Motivation - Answer Workers want to work hard and effectively for their employer. Wage - Answer Payment for work, usually paid weekly. Time rate - Answer Wage based on number of hours worked. Piece rate - Answer Wage based on number of unit of output produced. Salary - Answer P...
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Add to cartMotivation - Answer Workers want to work hard and effectively for their employer. Wage - Answer Payment for work, usually paid weekly. Time rate - Answer Wage based on number of hours worked. Piece rate - Answer Wage based on number of unit of output produced. Salary - Answer P...
A Need - Answer A good or service essential for living. A want - Answer A good or service that people would like to have, but which is not essential for living. Economic problem - Answer Unlimited wants but limited resources - this creates scarcity. Scarcity - Answer Lack of suffici...
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Add to cartA Need - Answer A good or service essential for living. A want - Answer A good or service that people would like to have, but which is not essential for living. Economic problem - Answer Unlimited wants but limited resources - this creates scarcity. Scarcity - Answer Lack of suffici...
A physical product such as a house or designer suit - Answer Good An intangible item such as insurance or decorating - Answer Service A more general term which includes goods and services - Answer Product Measures the total value of the production of an economy over a period of time -...
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Add to cartA physical product such as a house or designer suit - Answer Good An intangible item such as insurance or decorating - Answer Service A more general term which includes goods and services - Answer Product Measures the total value of the production of an economy over a period of time -...
Goods - Answer Tangible products Services - Answer Intangible products, tasks paid to do Production - Answer The process of creating finished products Semi-finished products - Answer Products ready to be incorporated into finished products Finished products - Answer Products re...
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Add to cartGoods - Answer Tangible products Services - Answer Intangible products, tasks paid to do Production - Answer The process of creating finished products Semi-finished products - Answer Products ready to be incorporated into finished products Finished products - Answer Products re...
What is cost leadership? - Answer aiming to have the lowest cost while making the most profit what is economies of scales - Answer this is when businesses can buy in bulk meaning they get there products at a cheaper price what is a standardised good? with example - Answer good with unifo...
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Add to cartWhat is cost leadership? - Answer aiming to have the lowest cost while making the most profit what is economies of scales - Answer this is when businesses can buy in bulk meaning they get there products at a cheaper price what is a standardised good? with example - Answer good with unifo...
Enterprise - Answer Where new businesses are formed and new products or services are created and bought to the market. Entrepreneurs - Answer Individuals who have an idea that they develop by setting up a new business and encouraging it to grow. They take risks and gain rewards for success. ...
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Add to cartEnterprise - Answer Where new businesses are formed and new products or services are created and bought to the market. Entrepreneurs - Answer Individuals who have an idea that they develop by setting up a new business and encouraging it to grow. They take risks and gain rewards for success. ...
Cost-based leadership (Strategic role of Operations) - Answer Reducing transformation costs to produce a lesser costing product Goods/service differentiation (Strategic role of Operations) - Answer Creating a product that is different to competitors Strategic role of operations - Answer ...
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Add to cartCost-based leadership (Strategic role of Operations) - Answer Reducing transformation costs to produce a lesser costing product Goods/service differentiation (Strategic role of Operations) - Answer Creating a product that is different to competitors Strategic role of operations - Answer ...
Strategic Role of Human Resources - Answer This involves the managing the employer and employee relationship. It also involves recruitment, industrial relations, conflicts within the business Outsourcing - Answer Human Resource Functions Using Contractors Human Resource Functions - Answer...
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Add to cartStrategic Role of Human Resources - Answer This involves the managing the employer and employee relationship. It also involves recruitment, industrial relations, conflicts within the business Outsourcing - Answer Human Resource Functions Using Contractors Human Resource Functions - Answer...
TOPIC ONE - Answer OPERATIONS Define the operations function - Answer refers to business processes that transform and add value to inputs to produce outputs, part of the value chain Define the operations process - Answer Inputs - Transformation - Outputs (More Value then Inputs) Defin...
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Add to cartTOPIC ONE - Answer OPERATIONS Define the operations function - Answer refers to business processes that transform and add value to inputs to produce outputs, part of the value chain Define the operations process - Answer Inputs - Transformation - Outputs (More Value then Inputs) Defin...
Breakeven - Answer The point when a firm's total costs equals its sales revenue. It is measured by the volume of output or number of customers needed to break even. Budgets - Answer A financial plan of how the money in a business will be used. The Budget refers to the financial plans of the ...
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Add to cartBreakeven - Answer The point when a firm's total costs equals its sales revenue. It is measured by the volume of output or number of customers needed to break even. Budgets - Answer A financial plan of how the money in a business will be used. The Budget refers to the financial plans of the ...
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