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Unit 1 - Understanding business activity
1- What is the difference between Primary, Secondary and Tertiary Sectors of Industry?
2- What is the difference between a Need and a Want?
3- What is the difference between a Consumer & Producer Good?
4- What is a Service?
5- What is a Retailer?
6- What is the difference between the Public and Private Sector?
7- What is a Sole Trader & Unlimited Liability?
8- What is a Partnership Business & a Deed of Partnership?
9- What are the disadvantages of setting up a Partnership business?
10- What is Limited Liability and Private Limited Companies?
11- What is a Public Limited Company?
12- What is the difference between a Social Enterprise and a Charity?
13- Why do Business Entrepreneurs Want to Set Up Their Own Business?
14- What are the functions of an Entrepreneur?
15-What Motivates an Entrepreneur?
16- What is the difference Between a Business Aim and Objective?
17- Why do some Businesses Decide to Remain Small?
18- What is the Difference Between an Internal & External Stakeholder?
19- What is Internal Organic Business Growth?
20- What is External Business Growth & Diversification?
21- How do you measure the Size of a Business & what is the Impact on Stakeholders?
22- What are the different types of Integration and Internal Economies of Scale?
23- What are the Advantages and Disadvantages of being a Franchisor?
24- What are the Advantages and Disadvantages of being a Franchisee?
25- What is a Business Plan?
Unit 2 - People in Business
26- What is the Role of a Human Resoureces Department (HR)?
27- What is the difference between flexible & Zero Hour Contracts?
28- What are the Steps in the Recruitment Process?
29- What is the difference between a Job Description and a Job Specification?
30- Why is Training Important to a Business?
31- What are the Different Types of Training?
32- What are Organisational Job Roles and Charts?
33- What is Delayering in Tall & Flat Organisational Structures?
34- How do Organisational Charts help with Communication?
35- Why is Effective Communication Important in a Business?
Unit 3 - Marketing
36- What are the Functions of a Marketing Department?
37- What is the Difference Between Primary & Secondary Market Research?
38- Why are a Unique Selling Point and Product Differentiation Important in the Marketing Mix?
39- What are the Stages in a Product Life Cycle from Growth to Decline?
40- How Can a Company use an Extension Strategy to Stop a Decline in Product Sales?
41- What Different Pricing Strategies Can a Company Use to Sell it's Products?
42- How is Promotion used in the Marketing Mix?
43- What is the Difference Between Above the Line and Below the Line Marketing Promotion?
44- How is Place used in the Marketing Mix to reach Customers?
45- What is E-Commerce & M-Commerce?
46- Why is the Sales Process and Customer Service so Important to a Business?
Unit 4 Operations Management
47- What is the Difference Between Job, Batch and Flow Mass Production?
48- What is the Difference Between Quality Control and Quality Assurance?
49- What is Total Quality Management (TQM)?
50- Why is the Supply Chain Important to the Success of a Business?
51- How Does a Business Choose a Supplier?
52- How Does a Business Control Stock Levels to Meet Customer Demand?
53- What is the Difference Between Computer Aided Design and Computer Aided Manufacturing?
Unit 5 - Financial Information Financial Decisions
54- Why Do Businesses Need Finance?
55- What are the Internal Sources of Finance a Business Can Raise Money From?
56- What are the External Sources of Finance a Business Can Raise Money From?
57- Why is Cash Flow and Solvency Important for a Business?
58- How Can a Business Improve it's Cash Flow Position?
59- What is an Income Statement Trading Account?
60- What is an Income Statement Profit Loss & Appropriation Accounts?
61- What is the Difference Between Fixed and Current Assets in a Balance Sheet?
62- How is a Balance Sheet Constructed?
63- What is the Difference between Liquidity and Profitability Ratios?
64- What is the Difference between Breakeven, Contribution, Profit and Total Costs?
Check out our YouTube One Minute Revision Videos
Unit 1 - Understanding business activity
1- What is the difference between Primary, Secondary and Tertiary Sectors of Industry?
2- What is the difference between a Need and a Want?
3- What is the difference between a Consumer & Producer Good?
4- What is a Service?
5- What is a Retailer?
6- What is the difference between the Public and Private Sector?
7- What is a Sole Trader & Unlimited Liability?
8- What is a Partnership Business & a Deed of Partnership?
9- What are the disadvantages of setting up a Partnership business?
10- What is Limited Liability and Private Limited Companies?
11- What is a Public Limited Company?
12- What is the difference between a Social Enterprise and a Charity?
13- Why do Business Entrepreneurs Want to Set Up Their Own Business?
14- What are the functions of an Entrepreneur?
15-What Motivates an Entrepreneur?
16- What is the difference Between a Business Aim and Objective?
17- Why do some Businesses Decide to Remain Small?
18- What is the Difference Between an Internal & External Stakeholder?
19- What is Internal Organic Business Growth?
20- What is External Business Growth & Diversification?
21- How do you measure the Size of a Business & what is the Impact on Stakeholders?
22- What are the different types of Integration and Internal Economies of Scale?
23- What are the Advantages and Disadvantages of being a Franchisor?
24- What are the Advantages and Disadvantages of being a Franchisee?
25- What is a Business Plan?
Unit 2 - People in Business
26- What is the Role of a Human Resoureces Department (HR)?
27- What is the difference between flexible & Zero Hour Contracts?
28- What are the Steps in the Recruitment Process?
29- What is the difference between a Job Description and a Job Specification?
30- Why is Training Important to a Business?
31- What are the Different Types of Training?
32- What are Organisational Job Roles and Charts?
33- What is Delayering in Tall & Flat Organisational Structures?
34- How do Organisational Charts help with Communication?
35- Why is Effective Communication Important in a Business?
Unit 3 - Marketing
36- What are the Functions of a Marketing Department?
37- What is the Difference Between Primary & Secondary Market Research?
38- Why are a Unique Selling Point and Product Differentiation Important in the Marketing Mix?
39- What are the Stages in a Product Life Cycle from Growth to Decline?
40- How Can a Company use an Extension Strategy to Stop a Decline in Product Sales?
41- What Different Pricing Strategies Can a Company Use to Sell it's Products?
42- How is Promotion used in the Marketing Mix?
43- What is the Difference Between Above the Line and Below the Line Marketing Promotion?
44- How is Place used in the Marketing Mix to reach Customers?
45- What is E-Commerce & M-Commerce?
46- Why is the Sales Process and Customer Service so Important to a Business?
Unit 4 Operations Management
47- What is the Difference Between Job, Batch and Flow Mass Production?
48- What is the Difference Between Quality Control and Quality Assurance?
49- What is Total Quality Management (TQM)?
50- Why is the Supply Chain Important to the Success of a Business?
51- How Does a Business Choose a Supplier?
52- How Does a Business Control Stock Levels to Meet Customer Demand?
53- What is the Difference Between Computer Aided Design and Computer Aided Manufacturing?
Unit 5 - Financial Information Financial Decisions
54- Why Do Businesses Need Finance?
55- What are the Internal Sources of Finance a Business Can Raise Money From?
56- What are the External Sources of Finance a Business Can Raise Money From?
57- Why is Cash Flow and Solvency Important for a Business?
58- How Can a Business Improve it's Cash Flow Position?
59- What is an Income Statement Trading Account?
60- What is an Income Statement Profit Loss & Appropriation Accounts?
61- What is the Difference Between Fixed and Current Assets in a Balance Sheet?
62- How is a Balance Sheet Constructed?
63- What is the Difference between Liquidity and Profitability Ratios?
64- What is the Difference between Breakeven, Contribution, Profit and Total Costs?
