Business specialisation - Study guides, Class notes & Summaries

(1) What stages do groups pass through? 1. Idea generation, implementation and termination. 2. Introduction, high productivity and decline. 3. Initiation, evolution, maturation and decline. 4. Forming, storming, norming, performing and adjourning. (2) How would you describe a work group? 1. A group whose individual efforts result in a performance that is greater than the sum of the individual inputs. 2. A group that primarily interacts to share information and to make decision...

Edexcel A-level Economics Paper 1 2024/2025 questions and correct answers Economics - answer The study of the allocation of scarce resources. Economic Goods - answer Resources that are scarce. Short Run - answer A time period where at least one factor of production is fixed. Long Run - answer A time period where all factors of production are variable. Productivity - answer The output per unit of input. The Economic Problem - answer Resources are scarce but wants are infinite. Sca...

BRICS - Brazil, Russia, India, China & South Africa Indicators of growth - Statistics that show the extent to which a country is increasing in size Equation of GDP - National income/population Business specialisation - When businesses concentrate on producing specific goods Foreign direct investment - Investment made by a business from one country into the production of a business from another country Globalisation - The increased integration and interdependence ...

Globalisation Increased interdependence between countries and the rapid rate of change it brings about Factors contributing to globalisation (5) Improvements in infrastructure (Quicker, more reliable and cheaper methods enabling production) Improvements in IT and communication (Allows global operations) Trade Liberalisation (Reduces protectionism and makes trade cheaper - specialisation) International financial markets (Raising money and transferring it globally) TNCs (Low p...

Economics The study of the allocation of scarce resources. Economic Goods Resources that are scarce. Short Run A time period where at least one factor of production is fixed. Long Run A time period where all factors of production are variable. Productivity The output per unit of input. The Economic Problem Resources are scarce but wants are infinite. Scarcity The world's resources are limited, there are only limited amounts of land, water, oil, f...

A summary of the articles covered in Cultural Industries for Business (6013B0544Y) at the University of Amsterdam (UvA). The summary has also been examined against the lecture materials (given by Monika Kackovic, Isabella Pozzo and Aldo do Carmo) to ensure completeness. Every article and chapter has been precisely and concisely summarised on one page. The summary is 25 pages.

Economic growth - An increase in a country's productive capacity Emerging economies - The economies of developing countries where there is rapid growth, but also significant risk Human Development Index (HDI) - A collection of statistics that are combined into an index, ranking countries according to their human development Literacy rate - The percentage of adults (over 15) that can read and write Purchasing Power Parity (PPP) - A measure of real growth the uses the p...

Economics The study of the allocation of scarce resources. Economic Goods Resources that are scarce. Short Run A time period where at least one factor of production is fixed. Long Run A time period where all factors of production are variable. Productivity The output per unit of input. The Economic Problem Resources are scarce but wants are infinite. Scarcity The world's resources are limited, there are only limited amounts of land, water, oil, f...

Economics - The study of the allocation of scarce resources. Economic Goods - Resources that are scarce. Short Run - A time period where at least one factor of production is fixed. Long Run - A time period where all factors of production are variable. Productivity - The output per unit of input. The Economic Problem - Resources are scarce but wants are infinite. Scarcity - The world's resources are limited, there are only limited amounts of land, water, oil, food, etc.. Therefore, re...

Economics - answer The study of the allocation of scarce resources. Economic Goods - answer Resources that are scarce. Short Run - answer A time period where at least one factor of production is fixed. Long Run - answer A time period where all factors of production are variable. Productivity - answer The output per unit of input. The Economic Problem - answer Resources are scarce but wants are infinite. Scarcity - answer The world's resources are limited, there are only limited amou...