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...
[Show more]
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...
Preview 1 out of 4 pages
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...
Preview 2 out of 11 pages
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...
Preview 2 out of 5 pages
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 ...
Preview 1 out of 4 pages
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...
Preview 3 out of 17 pages
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...
Preview 1 out of 4 pages
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...
Preview 1 out of 2 pages
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...
Preview 2 out of 14 pages
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...
Preview 3 out of 20 pages
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...
Preview 3 out of 22 pages
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...
Preview 2 out of 5 pages
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...
Preview 3 out of 20 pages
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 -...
Preview 1 out of 3 pages
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...
Preview 2 out of 12 pages
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...
Preview 3 out of 17 pages
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. ...
Preview 1 out of 4 pages
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 ...
Preview 1 out of 4 pages
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...
Preview 2 out of 9 pages
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...
Preview 4 out of 98 pages
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 ...
Preview 1 out of 3 pages
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 ...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestSolver9. Stuvia facilitates payment to the seller.
No, you only buy these notes for $22.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
81989 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now