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Study sets matching "gcse business studies edexcel"

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Study sets matching "gcse business studies edexcel"

115 terms
GCSE Business Studies Edexcel
Marketing
Primary data
Secondary data
Market research
The managment system process that is responsible for anticipa…
Information that has been gathered first hand by you
Information that already exists and has been gathered from el…
The process of gaining information about customers, competito…
Marketing
The managment system process that is responsible for anticipa…
Primary data
Information that has been gathered first hand by you
172 terms
Edexcel GCSE Business Studies:
Stakeholders
Give 8 examples of stakeholders
Consumer Goods
Producer Goods
Individuals or groups of individuals who affect or are affect…
1. Government... 2. Owner... 3. Employees... 4. Financiers... 5. Communit…
Goods and services that are produced for consumers
Goods or products sold from one business to another
Stakeholders
Individuals or groups of individuals who affect or are affect…
Give 8 examples of stakeholders
1. Government... 2. Owner... 3. Employees... 4. Financiers... 5. Communit…
18 terms
Finance - Edexcel GCSE Business Studies
Cash Flow
Net cash flow
Factoring
Overdraft
The flow of money in and out of a business.
Total Cash Inflow - Total Cash Outflow
Using a specialist debt collection agency to chase customers…
A short term loan used by firms when they run out of money bu…
Cash Flow
The flow of money in and out of a business.
Net cash flow
Total Cash Inflow - Total Cash Outflow
34 terms
Production - Edexcel GCSE Business Studies
Design Mix
Scientific Research
Prototype
Stock
The range of variables which contribute to successful design:…
Using scientific methods to develop new materials and products.
A working model of a possible finished product
Raw materials, semi finished goods and finished goods in a fa…
Design Mix
The range of variables which contribute to successful design:…
Scientific Research
Using scientific methods to develop new materials and products.
23 terms
Edexcel GCSE Business Studies unit 1.1
Market
Customer needs
market research
primary research
where buyers and sellers meet to exchange goods and services
the wants and desires of the customers
Gathering and studying information about the buying habits of…
Data collected for the first time, specific purpose
Market
where buyers and sellers meet to exchange goods and services
Customer needs
the wants and desires of the customers
172 terms
Edexcel GCSE Business Studies - Mr Key
Stakeholders
Give 8 examples of stakeholders
Consumer Goods
Producer Goods
Individuals or groups of individuals who affect or are affect…
1. Government... 2. Owner... 3. Employees... 4. Financiers... 5. Communit…
Goods and services that are produced for consumers
Goods or products sold from one business to another
Stakeholders
Individuals or groups of individuals who affect or are affect…
Give 8 examples of stakeholders
1. Government... 2. Owner... 3. Employees... 4. Financiers... 5. Communit…
32 terms
Edexcel GCSE Business Studies unit 1.4
marketing mix
price
product
place
A unique blend of product, place, promotion, and pricing stra…
Exchange value of a good or service.
A good or service that can be used to satisfy a want.
A means of getting the product to the consumer
marketing mix
A unique blend of product, place, promotion, and pricing stra…
price
Exchange value of a good or service.
22 terms
Edexcel GCSE Business Studies Unit 1.2
entrepreneur
enterprises
enterprise
risk
A person who starts up and takes on the risk of a business
business
Act of organizing/assuming the risk of a business venture
A potential event, occurrence or result that can have positiv…
entrepreneur
A person who starts up and takes on the risk of a business
enterprises
business
27 terms
Edexcel GCSE Business Studies - diagrams, charts, illustrations and tables.
Market map
Revenue and costs shown as a chart
Quantitative data
Added value
Illustrates the range of "positions" that a product can take…
Revenue: the amount of income received from selling goods or…
Data that can be expressed as numbers and statistically analy…
The increased worth that a business creates for a product; it…
Market map
Illustrates the range of "positions" that a product can take…
Revenue and costs shown as a chart
Revenue: the amount of income received from selling goods or…
32 terms
Production - Edexcel GCSE Business Studies
Design Mix
Scientific Research
Stock
Buffer Stock
The range of variables which contribute to successful design:…
Using scientific methods to develop new materials and products.
Raw materials, semi finished goods and finished goods in a fa…
The lowest amount of stock to be kept by a company
Design Mix
The range of variables which contribute to successful design:…
Scientific Research
Using scientific methods to develop new materials and products.
113 terms
GCSE Business Studies Edexcel Unit 3 Key Terms & Definitions
Marketing
Market Research
Primary Data
Secondary Data
The management process that is responsible for anticipating,…
The process of gaining information about customers, competito…
Information that has been gathered for a specific purpose thr…
Information that already exists such as accounts and sales re…
Marketing
The management process that is responsible for anticipating,…
Market Research
The process of gaining information about customers, competito…
9 terms
Edexcel GCSE Business Studies Unit 3 Quality
Design Mix
Stock
Quality
Quality Control
The range of variable that contribute to the successful desig…
Materials that a business holds. These may take the form of r…
Achieving a minimum standard for a product, service or proces…
Ensuring that a product or service meets minimum standards, o…
Design Mix
The range of variable that contribute to the successful desig…
Stock
Materials that a business holds. These may take the form of r…
15 terms
GCSE Edexcel Business Studies Unit 1.2
Enterprise
Risk
Risk taking
Goods
The skill involved in wanting to start and run a business.
The possibility of difficulty or loss from a business situati…
A willingness to take a chance. Important in business to be a…
A physical product.
Enterprise
The skill involved in wanting to start and run a business.
Risk
The possibility of difficulty or loss from a business situati…
21 terms
Edexcel GCSE Business Studies unit 1.4
marketing mix
price
product
place
The combination of factors which help the business to take in…
Exchange value of a good or service.
A good or service that can be used to satisfy a want.
A means of getting the product to the consumer
marketing mix
The combination of factors which help the business to take in…
price
Exchange value of a good or service.
38 terms
Edexcel GCSE Business Studies Key Terms
Supplier
Customer
Consumer
Markets
A business which sells (or supplies) products to another busi…
Any person or organisation which buys or is supplied with a p…
The person who ultimately uses (or consumes) a product
Where buyers and sellers meet to exchange good and services
Supplier
A business which sells (or supplies) products to another busi…
Customer
Any person or organisation which buys or is supplied with a p…
16 terms
Edexcel GCSE Business Studies Unit 3 Meeting Customer Needs
Design Mix
Stock
Maximum Stock Level
Re-order Level
The range of variable that contribute to the successful desig…
Materials that a business holds. These may take the form of r…
The highest amount of stock to be kept by a business.
The amount of stock held by a business at which an order for…
Design Mix
The range of variable that contribute to the successful desig…
Stock
Materials that a business holds. These may take the form of r…
34 terms
Edexcel GCSE Business Studies: Unit 3: (3.1) Marketing
Marketing
Market Research
Primary Research
Secondary Research
The process of product (or service) design and creation, pric…
The process of gathering data about competitors and customers…
First-hand information gathered for the purpose of market res…
Second-hand information gathered for the purpose of market re…
Marketing
The process of product (or service) design and creation, pric…
Market Research
The process of gathering data about competitors and customers…
34 terms
GCSE Edexcel Business Studies Unit 1.2
Objectives
Income
Sales volume
Fixed costs
Aims of firms and organizations e.g profit, survival, market…
Also known as sales, turnover, revenue. Money coming into a b…
Number of units sold
Costs that do not vary with output e.g rent
Objectives
Aims of firms and organizations e.g profit, survival, market…
Income
Also known as sales, turnover, revenue. Money coming into a b…
25 terms
GCSE Edexcel Business Studies Unit 1.1
Business
Entrepreneur
Supplier
Customer
An organisation which produces goods or services
A person who takes the risk of starting and running a business
An organisation which sells products or services to your busi…
The person who buys a good or service
Business
An organisation which produces goods or services
Entrepreneur
A person who takes the risk of starting and running a business
24 terms
Edexcel gcse business studies unit 1
Business
Customer needs
Business start up
Market
Any organisation that provides goods and services
Wants and desires of buyerd
A new firm selling products for the first time
Where buyers and sellers meet to trade pruducts
Business
Any organisation that provides goods and services
Customer needs
Wants and desires of buyerd
113 terms
GCSE Business Studies Edexcel Unit 3 Key Terms & Definitions
Marketing
Market Research
Primary Data
Secondary Data
The management process that is responsible for anticipating,…
The process of gaining information about customers, competito…
Information that has been gathered for a specific purpose thr…
Information that already exists such as accounts and sales re…
Marketing
The management process that is responsible for anticipating,…
Market Research
The process of gaining information about customers, competito…
114 terms
GCSE Business Studies (Edexcel Unit 3)
What are the steps of the marketing pr…
Why do businesses use marketing?
What is a market segment
Benefits of market segmentation
1. Market research to identify and understand customers... 2. De…
1. To keep up to date with trends... 2. Reduce risk of product f…
Group of buyers in a market with similar characteristics and…
Market segmentation helps businesses:... 1. carry out market res…
What are the steps of the marketing pr…
1. Market research to identify and understand customers... 2. De…
Why do businesses use marketing?
1. To keep up to date with trends... 2. Reduce risk of product f…
58 terms
Unit 3 edexcel GCSEs business studies
Why do businesses need to consider mar…
Benefits
The market process
Types of product trial
Reduce risk of product failure... Understand customers... Keep up w…
Tailor products to needs... Target promotions
Research... Developing and testing... Communicating... Up to date with…
Low prices ... Advertising... Public relations... Free samples... Viral m…
Why do businesses need to consider mar…
Reduce risk of product failure... Understand customers... Keep up w…
Benefits
Tailor products to needs... Target promotions
113 terms
GCSE Business Studies Edexcel Unit 3 Key Terms & Definitions
Marketing
Market Research
Primary Data
Secondary Data
The management process that is responsible for anticipating,…
The process of gaining information about customers, competito…
Information that has been gathered for a specific purpose thr…
Information that already exists such as accounts and sales re…
Marketing
The management process that is responsible for anticipating,…
Market Research
The process of gaining information about customers, competito…
67 terms
Unit one edexcel GCSEs business studies
What can market research tell a business
Examples of primary research
Examples of secondary research
Benefits of primary research
Wants... Willing to pay... Where they shop... Age/gender... Competitors... G…
Surveys... Focus groups... Observations... Questionnaires... Experiments
Internet... Local... Government statistics... Market reports... Telephone…
Accurate... Up to date... Specific needs... Qualitative... Direct
What can market research tell a business
Wants... Willing to pay... Where they shop... Age/gender... Competitors... G…
Examples of primary research
Surveys... Focus groups... Observations... Questionnaires... Experiments
19 terms
Marketing - Edexcel GCSE Business
Marketing
Market Research
Qualitative Data
Quantitative Data
The management process that is responsible for anticipating,…
The process of gaining information about customers, competito…
Data about opinions, judgments and attitudes
Data that can be expressed as numbers and can be statisticall…
Marketing
The management process that is responsible for anticipating,…
Market Research
The process of gaining information about customers, competito…
19 terms
Edexcel GCSE Business Studies Unit 3 Effective People Mgt
Organisation
Organisation chart
Heirachy
Line manager
The way in which a business is structured for it to achieve i…
A diagram which shows the internal structure of an organisation
Structure of different levels of authority within an organisa…
Employee who is responsible for overseeing the work of others…
Organisation
The way in which a business is structured for it to achieve i…
Organisation chart
A diagram which shows the internal structure of an organisation
15 terms
Edexcel GCSE Business Studies Unit 1 Spotting a Business Opportunity
entrepreneur
market
primary research
secondary research
Someone who is prepared to take risks in order to bring a bus…
Describes the system by which buyers and sellers of a particu…
Research carried out by or on behalf of a business, specifica…
Research that is already in existence which can be used by bu…
entrepreneur
Someone who is prepared to take risks in order to bring a bus…
market
Describes the system by which buyers and sellers of a particu…
16 terms
Edexcel GCSE Business Studies Unit 3 Meeting Customer Needs
Design Mix
Stock
Maximum Stock Level
Re-order Level
The range of variable that contribute to the successful desig…
Materials that a business holds. These may take the form of r…
The highest amount of stock to be kept by a business.
The amount of stock held by a business at which an order for…
Design Mix
The range of variable that contribute to the successful desig…
Stock
Materials that a business holds. These may take the form of r…
132 terms
Unit 1 - GCSE Edexcel Business
Supplier
Customer
Consumer
Customer Needs
A business which sells (or supplies) products to another busi…
Any person or organisation which buys or is supplied with a p…
The person who ultimately uses (or consumes) a product.
The wants and desires of buyers of a product or the customers…
Supplier
A business which sells (or supplies) products to another busi…
Customer
Any person or organisation which buys or is supplied with a p…
21 terms
Edexcel GCSE Business Studies Unit 3 Effective Financial Mgt
Cash flow
Destocking
Profit
Break even point
The flow of cash into and out of a business
reducing the level of stocks in a business
occurs when the revenues of a business are greater than its c…
The level of output where total revenues are equal to total c…
Cash flow
The flow of cash into and out of a business
Destocking
reducing the level of stocks in a business
11 terms
Edexcel GCSE Business Studies Unit 3 Meeting Customer Needs
Design Mix
Stocks
Maximum Stock Level
Re-order Level
The range of variables which contribute to successful design.…
Materials that a business holds. Some could be materials wait…
The highest amount of stock to be kept by a business
The amount of stock held by a business at which an order for…
Design Mix
The range of variables which contribute to successful design.…
Stocks
Materials that a business holds. Some could be materials wait…
22 terms
Edexcel GCSE Business Studies: Unit 1: (1.5) The Economic Context
demand
supply
equilibrium price
commodity
Quantity of a good or service that consumers are willing and…
How much of a good or service a producer is willing and able…
The price at which the amount producers are willing to supply…
A raw material or agricultural product that can be bought and…
demand
Quantity of a good or service that consumers are willing and…
supply
How much of a good or service a producer is willing and able…
13 terms
Edexcel GCSE Business Studies Unit 1 Spotting a Business Opportunity
entrepreneur
market
primary research
secondary research
Someone who is prepared to take risks in order to bring a bus…
Describes the system by which buyers and sellers of a particu…
Research carried out by or on behalf of a business, specifica…
Research that is already in existence which can be used by bu…
entrepreneur
Someone who is prepared to take risks in order to bring a bus…
market
Describes the system by which buyers and sellers of a particu…
18 terms
Edexcel GCSE Business Studies Unit 3 (3.5): The Wider World ...
Ethics
Stakeholders
Pressure Group
Economics
A set of moral principles that may be held by society, a grou…
Any individual or group who have an interest in the activitie…
An organisation that aims to influence Government and/or the…
The study of how people and societies use limited resources t…
Ethics
A set of moral principles that may be held by society, a grou…
Stakeholders
Any individual or group who have an interest in the activitie…
9 terms
Edexcel GCSE Business Studies Unit 3 Effective Financial Mgt
Cash flow
Destocking
Profit
Break even point
The flow of cash into and out of a business
The process of reducing stock levels within a business often…
The difference between the total revenues of a business and i…
The level of output required by a business in order to its to…
Cash flow
The flow of cash into and out of a business
Destocking
The process of reducing stock levels within a business often…
19 terms
Edexcel GCSE Business Studies Unit 3 Effective People Mgt
Organisation
Organisation chart
Heirachy
Line manager
The way in which a business is structured for it to achieve i…
A diagram which shows the internal structure of an organisation
Structure of different levels of authority within an organisa…
Employee who is responsible for overseeing the work of others…
Organisation
The way in which a business is structured for it to achieve i…
Organisation chart
A diagram which shows the internal structure of an organisation
18 terms
Edexcel GCSE Business Studies: Unit 1: (1.2) Showing Enterprise
enterprise
risk
goods
services
The willingness to take risks, show initiative and undertake…
The chance of damage or loss as a result of taking a particul…
Physical, tangible products sold by businesses
Non-physical, intangible products provided by organisations -…
enterprise
The willingness to take risks, show initiative and undertake…
risk
The chance of damage or loss as a result of taking a particul…
28 terms
Edexcel GCSE Business Studies Unit 1 key terms Topic 1.1 Spotting a business opportunity
Supplier
Customer
Consumer
Markets
A business which sells (or supplies) products to another busi…
Any person or organisation which buys or is supplied with a p…
The person who ultimately uses (or consumes) a product.
Where buyers and sellers meet to exchange goods and services.
Supplier
A business which sells (or supplies) products to another busi…
Customer
Any person or organisation which buys or is supplied with a p…
16 terms
Edexcel GCSE Business Studies Unit 3 Meeting Customer Needs
Design Mix
Stock
Maximum Stock Level
Re-order Level
The range of variable that contribute to the successful desig…
Materials that a business holds. These may take the form of r…
The highest amount of stock to be kept by a business.
The amount of stock held by a business at which an order for…
Design Mix
The range of variable that contribute to the successful desig…
Stock
Materials that a business holds. These may take the form of r…
217 terms
Business GCSE Edexcel
Supplier
Customer
Consumer
Customer needs
A business which sells products to another business.
Any person or organisation which buys or is supplied with a p…
The person who ultimately uses a product.
The wants and desires of buyers of a product or the customers…
Supplier
A business which sells products to another business.
Customer
Any person or organisation which buys or is supplied with a p…
113 terms
GCSE Business Studies Edexcel Unit 3 Key Terms & Definitions
Marketing
Market Research
Primary Data
Secondary Data
The management process that is responsible for anticipating,…
The process of gaining information about customers, competito…
Information that has been gathered for a specific purpose thr…
Information that already exists such as accounts and sales re…
Marketing
The management process that is responsible for anticipating,…
Market Research
The process of gaining information about customers, competito…
16 terms
Edexcel GCSE Business Studies Unit 3 Meeting Customer Needs
Design Mix
Stock
Maximum Stock Level
Re-order Level
The range of variable that contribute to the successful desig…
Materials that a business holds. These may take the form of r…
The highest amount of stock to be kept by a business.
The amount of stock held by a business at which an order for…
Design Mix
The range of variable that contribute to the successful desig…
Stock
Materials that a business holds. These may take the form of r…
15 terms
Edexcel GCSE Business Studies Unit 1 Spotting a Business Opportunity
entrepreneur
market
primary research
secondary research
Someone who is prepared to take risks in order to bring a bus…
Describes the system by which buyers and sellers of a particu…
Research carried out by or on behalf of a business, specifica…
Research that is already in existence which can be used by bu…
entrepreneur
Someone who is prepared to take risks in order to bring a bus…
market
Describes the system by which buyers and sellers of a particu…
113 terms
GCSE Business Studies Edexcel Unit 3 Key Terms & Definitions
Marketing
Market Research
Primary Data
Secondary Research
The management process that is responsible for anticipating,…
The process of gaining information about customers, competito…
Information that has been gathered for a specific purpose thr…
Information that already exists such as accounts and sales re…
Marketing
The management process that is responsible for anticipating,…
Market Research
The process of gaining information about customers, competito…
113 terms
GCSE Business Studies Edexcel Unit 3 Key Terms & Definitions
Marketing
Market Research
Primary Data
Secondary Data
The management process that is responsible for anticipating,…
The process of gaining information about customers, competito…
Information that has been gathered for a specific purpose thr…
Information that already exists such as accounts and sales re…
Marketing
The management process that is responsible for anticipating,…
Market Research
The process of gaining information about customers, competito…
70 terms
Combo with "Production - Edexcel GCSE Business Studies" and 3 others
Stock
Just-in-time Stock Control
Quality Control
Productivity
Raw materials, semi finished goods and finished goods in a fa…
A system where stock is delivered only when it is needed by t…
Ensuring that a product or service meets minimum standards of…
Output per worker in a given time period eg month or year.
Stock
Raw materials, semi finished goods and finished goods in a fa…
Just-in-time Stock Control
A system where stock is delivered only when it is needed by t…
38 terms
Edexcel GCSE Business Studies Unit 1 Topic 3 Finance
Financial Objectives
Non Financial Objectives
Committed/Commitment
Sales Revenue/Turnover
Targets expressed in money terms, such as making a profit, ea…
Targets expressed in non-money terms and are not as easy to m…
Being dedicated to an activity and giving 100%
The amount of income received from selling goods and services…
Financial Objectives
Targets expressed in money terms, such as making a profit, ea…
Non Financial Objectives
Targets expressed in non-money terms and are not as easy to m…
20 terms
Edexcel GCSE Business Studies Unit 1 Understanding The Economic Context
Stakeholder
Pressure Group
Economic Activity
GDP
A person, group or organisation affected by the actions of a…
An organisation who campaign against/for a particular issue,…
The amount of products and services produced and sold within…
Gross Domestic Product, and the measure by which economic act…
Stakeholder
A person, group or organisation affected by the actions of a…
Pressure Group
An organisation who campaign against/for a particular issue,…
15 terms
Edexcel GCSE Business Studies Unit 1 Showing Enterprise
enterprise
risk
goods
services
A willingness by an individual or business to take risks, sho…
The chance of damage or loss as a result of making a decision…
Physical, tangible products e.g. a television
Non-physical, intangible products such as a taxi journey
enterprise
A willingness by an individual or business to take risks, sho…
risk
The chance of damage or loss as a result of making a decision…
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