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Revision - Business Management Nat 5 Flashcards | StudBud
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Revision - Business Management Nat 5
Revision - Business Management Nat 5
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Understanding Business, Management of Marketing and Management of People
Flashcards
26 cards
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Practice quiz
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Questions
26
Answers
1
Hall testing is an example of...
Pupil Research
Desk Research
Classroom Research
Field Research
2
Name the sectors of economy
Private, Public and Third
Primary, Secondary and Third
Private, Secondary and Third
Third, Private and Tertiary
3
What is the first stage of the Recruitment process?
Job analysis
Job specification
Identifying a job vacancy
Person specification
4
Which of these is not a financial incentive of motivation?
Flexible working practives
Overtime
Bonus
Comission
5
Which of these is NOT a type of training?
On the job training
At college training
Induction training
Off the job training
6
What are the 4 P's?
Product, Price, Place and Promotion
Provision, Price, Place and Promotion
Product, Price, Place and Postage
Product, Purpose, Place and Promotion
7
What does PESTEC stand for?
Political Social Technology Economic Competitor
Political Environment Social Technology Economic Companies
Political Environment Social Technology Economic Competitor
Private Environment Social Technology Economic Competitor
8
A survey is an example of...
Desk Research
Field Researcch
Pupil Research
Classroom Research
9
The purpose of market research is...
To find out what employees want
To find out what customers want
To find out how many products we have sold
To promote a product
10
Name 3 internal stakeholders
Suppliers, Communities and Banks
Owners, Employees and Managers
Customers, Employees, Managers
Government, Customers, Community
11
Logo, name or symbol that makes an organisation or product instantly sable
Packaging
Prototype
Label
Brand
12
Which of these is NOT a type of industrial action?
Go Slow
Show up
Strike
Work to Rule
13
Name the internal factors
Employees, Managers, Workforce and Existing Technology
Financial, Management and Co-operation
Financial, Employees, Management and Existing Technology
Financial, Employees, Management and New Technology
14
Which Pricing Strategy? Charging similar prices to other organisations selling similar products
Psychological
Promotional
Competitive
Cost plus
15
What is a person specification?
Determining the vacancy within the business.
Deciding where to advertise the job vacancy.
Detailed description of the role, using various information.
Deciding type(s) of person most suited to the role.
16
Distribution methods an organisation may use are...
Land, Air and Rail
Land, Air, Rail and Sea
Boat, Train, Personal Delivery and Mail Order
Land, Labour, Capital and Enterprise
17
Identify the COST of training
Less expensive that off the job training.
Provides opportunity to network.
Qualifications can be gained.
No work is done when people are undertaking training.
18
Which piece of legislation aims to protect people in the work place?
Public Stores Act
Road Traffic Act
Health and Safety at Work Act
Education Act
19
Name the sectors of Industry
Primary, Secondary and Public
Secondary, Primary and Third
Private, Primary and Tertiary
Tertiary, Primary and Secondary
20
Which of these is a method of testing?
Reference testing
Training
Application Form
Assessment Centre
21
What are the factors of production?
Labour, Land, Enterprise and Money
Land, Labour, Capital and Enterprise
Land, Labour, Capital and Banks
Land, Housing, Boat and School
22
What is an advantage of field research?
Data is out-of-date
Data is up-to-date
Data is less expensive to gather
Data is available to all
23
What stage of the product life cycle sees demand for the product falling?
Growth
Matuity
Decline
Development
24
What is an advantage of being a sole trader?
Do not have to pay tax
There are lots of partners to share the workload with
All profits are kept by the owner
25
What are the stages of the product life cycle?
Development, Launch, Growth, Maturity and Decline
Development, Launch, Growth and Maturity.
Launch, Growth, Maturity and Decline
Development, Launch, Growth and Decline
26
Using Government Statistics are an example of....
Field Research
Pupil Research
Classroom Research
Desk Research
