Study sets matching "ib business and management"

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Study sets matching "ib business and management"

575 terms
IB Business & Management Glossary
Above the line promotion
Abraham Maslow
Absorption cost pricing
Absorption costing
Promotion that is carried out through independent media that…
A theorist who classified the needs of employees of a firm in…
"A good is priced according to the proportion of direct and i…
"A method of costing where all the fixed costs (overheads) ge…
Above the line promotion
Promotion that is carried out through independent media that…
Abraham Maslow
A theorist who classified the needs of employees of a firm in…
230 terms
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
247 terms
IB Business Management - Vocabulary
Consumer Goods
Consumer Services
Capital Goods
Primary Sector Business
The physical and tangible goods sold to the general public.
Non-tangible products that are sold to the general public.
Physical goods that are used by industry to aid in the produc…
Businesses engaged in farming, fishing, oil extraction and al…
Consumer Goods
The physical and tangible goods sold to the general public.
Consumer Services
Non-tangible products that are sold to the general public.
86 terms
Business Management IB - 4 Marketing
Marketing and its relationship with ot…
Marketing goods vs services
Market orientation
Product orientation
- Definition: Process of identifying and satisfying consumer…
- Goods: Use of the 4Ps (place, price, product, promotion)... -…
- Outward looking, focus on market research, then making prod…
- Inward looking, focused on product development, supply of p…
Marketing and its relationship with ot…
- Definition: Process of identifying and satisfying consumer…
Marketing goods vs services
- Goods: Use of the 4Ps (place, price, product, promotion)... -…
230 terms
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
58 terms
Business Management IB - 5 Operations Management
OM and its relationship with other bus…
OM in organisations producing goods an…
Goods
High physical content but some services
''Without efficient operations leading to products and servic…
- Businesses have the operation management process:... Input --…
- Consumer gets the product but there may be an after sales s…
- Consumer gets the new product but there's also pre and post…
OM and its relationship with other bus…
''Without efficient operations leading to products and servic…
OM in organisations producing goods an…
- Businesses have the operation management process:... Input --…
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
33 terms
IB Business Management Definitions
Company
Business
Sole Trader
Partnership
A distinct legal entity, operating as a business. A company i…
A business is an organization or enterprising entity engaged…
An individual who operates as a business. There is no legal d…
A type of unincorporated business organization in which multi…
Company
A distinct legal entity, operating as a business. A company i…
Business
A business is an organization or enterprising entity engaged…
575 terms
IB Business & Management Glossary
Above the line promotion
Abraham Maslow
Absorption cost pricing
Absorption costing
Promotion that is carried out through independent media that…
A theorist who classified the needs of employees of a firm in…
"A good is priced according to the proportion of direct and i…
"A method of costing where all the fixed costs (overheads) ge…
Above the line promotion
Promotion that is carried out through independent media that…
Abraham Maslow
A theorist who classified the needs of employees of a firm in…
247 terms
IB Business Management - Vocabulary
Consumer Goods
Consumer Services
Capital Goods
Primary Sector Business
The physical and tangible goods sold to the general public.
Non-tangible products that are sold to the general public.
Physical goods that are used by industry to aid in the produc…
Businesses engaged in farming, fishing, oil extraction and al…
Consumer Goods
The physical and tangible goods sold to the general public.
Consumer Services
Non-tangible products that are sold to the general public.
12 terms
IB Business Management 4.1
Marketing Mix
Product Orientation
Market Orientation
Commercial Marketing
a combination of factors that can be controlled by a company…
a marketing strategy in which the company focuses on products…
a company philosophy focused on discovering and meeting the n…
The sale of products and services to end users and public and…
Marketing Mix
a combination of factors that can be controlled by a company…
Product Orientation
a marketing strategy in which the company focuses on products…
12 terms
IB Business Management Command Terms
Analyse
Compare
Contrast
Define
Break down in order to bring out the essential elements, stru…
Describe two (or more) situations and present the similaritie…
Describe two (or more) situations and present the differences…
Give a clear and precise meaning of a given word, term, or co…
Analyse
Break down in order to bring out the essential elements, stru…
Compare
Describe two (or more) situations and present the similaritie…
IB Business Management: CUEGIS concepts
Change
Culture
Ethics
Globalisation
The adaptation of business objectives, strategies and operati…
Ideas, customs and social behaviour derived from different va…
The socially accepted moral principles that govern behaviour…
The increase in cross-border trade and the gradual developmen…
Change
The adaptation of business objectives, strategies and operati…
Culture
Ideas, customs and social behaviour derived from different va…
230 terms
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
IB HL Business & Management
AC (average-cost) valuation
advertising elasticity of demand
appraisal
appropriation account
A method of stock valuation which involves recalculating the…
Represents the change in sales resulting from each monetary u…
An assessment, usually conducted annually, of the effectivene…
Shows the various ways the company's net profit each year has…
AC (average-cost) valuation
A method of stock valuation which involves recalculating the…
advertising elasticity of demand
Represents the change in sales resulting from each monetary u…
1 IB Business Management: 1.1 Introduction to Business Management
Quaternary Sector
Intrapreneurship
Consumer Goods
Consumer Services
A subset of the tertiary sector and involves service jobs con…
The act of behaving like an entrepreneur while working within…
The physical and tangible goods sold to the general public. T…
Non-tangible products that are sold to the general public and…
Quaternary Sector
A subset of the tertiary sector and involves service jobs con…
Intrapreneurship
The act of behaving like an entrepreneur while working within…
92 terms
Business Management IB - 2 Human Resources
Human resource planning
Labour turnover
Internal factors affecting HR planning
External factors affecting HR planning
Definition: the business process for ensuring that an organis…
- The movement of employees in and out of a business in a giv…
- Business organisation... - Business finance ... - Labour reaction…
- Technology... - Government regulation... - Education... - Demographi…
Human resource planning
Definition: the business process for ensuring that an organis…
Labour turnover
- The movement of employees in and out of a business in a giv…
75 terms
IB Business and Management Unit 1
Function areas of a business
Primary sector
Secondary sector
Tertiary sector
human resources ... finance and accounts... marketing ... operations
businesses involved in extraction, harvesting and conversion…
involved in manufacturing and construction of products
provide services to the general population. For example, reta…
Function areas of a business
human resources ... finance and accounts... marketing ... operations
Primary sector
businesses involved in extraction, harvesting and conversion…
575 terms
IB Business & Management Glossary
Above the line promotion
Abraham Maslow
Absorption cost pricing
Absorption costing
Promotion that is carried out through independent media that…
A theorist who classified the needs of employees of a firm in…
"A good is priced according to the proportion of direct and i…
"A method of costing where all the fixed costs (overheads) ge…
Above the line promotion
Promotion that is carried out through independent media that…
Abraham Maslow
A theorist who classified the needs of employees of a firm in…
80 terms
IB Business and Management: Accounts and Finance
business angels
capital expenditure
creditors
debentures
wealthy entrepreneurs who risk their own money in small to me…
spending on fixed assets (buildings)
individuals or organizations that the business owes money to…
type of long-term loan with the promise of fixed annual inter…
business angels
wealthy entrepreneurs who risk their own money in small to me…
capital expenditure
spending on fixed assets (buildings)
IB Business Management 3
inflation
depression
demand
supply
a general increase in prices and fall in the purchasing value…
a sustained, long-term downturn in economic activity in one o…
the desire of purchasers, consumers, clients, employers, etc.…
the amount of a good or service offered for sale
inflation
a general increase in prices and fall in the purchasing value…
depression
a sustained, long-term downturn in economic activity in one o…
37 terms
IB Business & Management terms
Aims
Articles of Association
Business
Charity
Broad statements that provide general direction to help a com…
The stated rules of a private limited company.
An organization that uses resources to meet needs of customer…
An organization set up to raise money for a particular cause.…
Aims
Broad statements that provide general direction to help a com…
Articles of Association
The stated rules of a private limited company.
IB Business Management
Business Plan
Businesses
Consumers
Customers
The document that sets out the business idea, its goals and o…
Organizations involved in the production of goods and/or the…
The people or organizations who actually use a product.
The people or organizations that buy the product.
Business Plan
The document that sets out the business idea, its goals and o…
Businesses
Organizations involved in the production of goods and/or the…
IB Business and Management 1.2
what does it mean if a business operat…
what does it mean if a business operat…
what is a mixed economy? provide an ex…
what is a free-market economy? provide…
comprises of businesses owned and controlled by individuals o…
comprises of organisations accountable to and controlled by t…
economic resources are owned and controlled by both private a…
economic resources are owned largely by the private sector wi…
what does it mean if a business operat…
comprises of businesses owned and controlled by individuals o…
what does it mean if a business operat…
comprises of organisations accountable to and controlled by t…
12 terms
IB Business Management Command Terms
Analyse
Compare
Contrast
Define
Break down in order to bring out the essential elements, stru…
Describe two (or more) situations and present the similaritie…
Describe two (or more) situations and present the differences…
Give a clear and precise meaning of a given word, term, or co…
Analyse
Break down in order to bring out the essential elements, stru…
Compare
Describe two (or more) situations and present the similaritie…
230 terms
IB Business and Management Unit II
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
420 terms
IB Business Management 2016
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
36 terms
IB Business and Management Unit 4 - Marketing
Commercial Marketing
Ethical Code of Practice
Market
Market Concentration
The use of marketing strategies to meet the needs and wants o…
Guidelines that help businesses to act in a moral way by cons…
A place or process whereby customers and suppliers trade. A m…
Measures the degree of competition that exists within a marke…
Commercial Marketing
The use of marketing strategies to meet the needs and wants o…
Ethical Code of Practice
Guidelines that help businesses to act in a moral way by cons…
191 terms
IB Business Management Topic 1: Business - ALL
Consumer Goods
Consumer Services
Capital Goods
Factors of Production
The physical and tangible goods sold to the general public. T…
Non-tangible products that are sold to the general public and…
Physical goods that are used by an industry to aid in the pro…
Resources needed by businesses to produce goods or services
Consumer Goods
The physical and tangible goods sold to the general public. T…
Consumer Services
Non-tangible products that are sold to the general public and…
392 terms
IB Business Management Terms
Business Plan
Businesses
Consumers
Customers
Refers to the document that sets out the business idea, its g…
Are organisations involved in the production of goods and/or…
Are the people or organisation who actually use a product.
Are people or organisations that buy the product.
Business Plan
Refers to the document that sets out the business idea, its g…
Businesses
Are organisations involved in the production of goods and/or…
66 terms
Ib business management
four functions of business management
four sectors of business activity
Primary
Secondary
organizing, planning, leading, and controlling
Primary, secondary, tertiary, and quaternary
the extraction, harvesting and conversion of a natural resour…
manufacturing or construction of products. ex. clothes produc…
four functions of business management
organizing, planning, leading, and controlling
four sectors of business activity
Primary, secondary, tertiary, and quaternary
114 terms
IB Business Management HL
Ansoff Matrix
Business Plan
Company/ Corporation
Cooperative
Market Penetration, Market Development, Product Development,…
a written statement of the business's goals and objectives, a…
legal entity separate from its owners
A business that is owned by the members it serves and is mana…
Ansoff Matrix
Market Penetration, Market Development, Product Development,…
Business Plan
a written statement of the business's goals and objectives, a…
230 terms
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
230 terms
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
30 terms
IB Business and Management OPERATIONS MANAGEMENT 5.7 Production Planning
Stock (inventory)
Manufacturing businesses will hold sto…
Three costs associated with stock hold…
Costs of not holding enough stocks:
Materials and goods required to allow for the production of a…
1. Raw materials and components. These will have been purch…
1. Opportunity cost. Working capital tied up in stocks coul…
1. Lost sales. If a firm is unable to supply customers 'fro…
Stock (inventory)
Materials and goods required to allow for the production of a…
Manufacturing businesses will hold sto…
1. Raw materials and components. These will have been purch…
IB Business and Management
Vision
Mission
Aims
Objectives
What do we want to become, longer-term time frame, outlines b…
What is our business, updated frequently, more realistic
Generally long-term goals, typically broad an has no numbers,…
Short to medium term, set in order to meet aims, should be SM…
Vision
What do we want to become, longer-term time frame, outlines b…
Mission
What is our business, updated frequently, more realistic
230 terms
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
21 terms
IB Business and Management Vocabulary
Classify
Comment (1)
Complete
Construct
Level 1: Arrange or order business ideas or data by class or…
Level 1: Description or observation of business data or infor…
Level 1: Add information or data
Level 1: Present business data or information in the form of…
Classify
Level 1: Arrange or order business ideas or data by class or…
Comment (1)
Level 1: Description or observation of business data or infor…
230 terms
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
230 terms
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
230 terms
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
230 terms
IB Business and Management Vocabulary
Primary Sector
Secondary Sector
Tertiary Sector
Private Sector
Businesses involved in the extraction of natural resources, s…
Business activity is concerned with the construction and manu…
Business activity is concerned with the provision of services…
Part of the economy under the control of private individuals…
Primary Sector
Businesses involved in the extraction of natural resources, s…
Secondary Sector
Business activity is concerned with the construction and manu…
CUEGIS terms - IB Business Management
The adaptation of business objectives,…
ideas, customs and social behavior der…
how a business conducts itself morally
the breaking down of international bar…
CHANGE
CULTURE
ETHICS
GLOBALISATION
The adaptation of business objectives,…
CHANGE
ideas, customs and social behavior der…
CULTURE
6 terms
IB Business and Management
Innovation
4Ps of innovation
Product innovation
Process innovation
...
Product innovation... Process innovation... Position innovation... Par…
Changes in the things (products/services) which an organizati…
Changes in the ways in which products and services are create…
Innovation
...
4Ps of innovation
Product innovation... Process innovation... Position innovation... Par…
IB Business Management: CUEGIS concepts
Change
Culture
Ethics
Globalisation
The adaptation of business objectives, strategies and operati…
Ideas, customs and social behavior derived from different val…
The socially accepted moral principles that govern behavior a…
The increase in cross-border trade and the gradual developmen…
Change
The adaptation of business objectives, strategies and operati…
Culture
Ideas, customs and social behavior derived from different val…
102 terms
IB Business and Management Flashcards
Sole trader
Business
Cash-flow
Cash-flow forecast
The most basic form of business ownership where the business…
An organisation that is involved in the production of goods a…
The movement of money in and out of a business.
Predicts the cash inflows and outflows in future periods, usu…
Sole trader
The most basic form of business ownership where the business…
Business
An organisation that is involved in the production of goods a…
IB Business Management 3.1
Start-up Capital
Working Capital
Internal Finance
External Finance
Capital needed by an entrepreneur to set up a business
The capital needed to pay for raw materials, day-to-day runni…
Money raised from the business's own assets or from profits l…
Money raised from sources outside the business (e.g. share is…
Start-up Capital
Capital needed by an entrepreneur to set up a business
Working Capital
The capital needed to pay for raw materials, day-to-day runni…
IB Business Management 3.7 Cash Flow
The relationship between investment,…
Working capital
Working capital (accounting terms)
Liquidity
Large investments such as the purchase of an expensive item o…
The capital needed to pay for raw materials, day-to-day runni…
Working capital = current assets - current liabilities
The ability of a firm to pay its short-term debts
The relationship between investment,…
Large investments such as the purchase of an expensive item o…
Working capital
The capital needed to pay for raw materials, day-to-day runni…
9 terms
IB Business management and leadership
Manger
Leadership
Leadership
Management
Responsible for setting objectives, organizing resources and…
Art of motivating a group of people towards achieving a commo…
- motivates/inspires others ... - innovator who encourages other…
-directs/monitors others ... -problem solvers ... -official positio…
Manger
Responsible for setting objectives, organizing resources and…
Leadership
Art of motivating a group of people towards achieving a commo…
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