Business Studies Collins Revision Guide. - StudyGuide.PK

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FORMS OF BUSINESS (3)ForEncourages people to own shares.Decisions are made faster.Costs the government less.Increases competition.Increases efficiency.PrivatisationAgainstMonopolies are created which may charge too much.Decisions may not be in the best interests of thepublic because profit may be the motive.Private companies may not invest enough moneyin something that is vital for the public.Competition can waste money because more thanone business is providing the service.Job losses.●●●Nationalisation means taking a private business into publicownership, that is, into a public sector organisation. Do not confusepublic sector organisations with public limited companies.Nationalisation has not been popular with governments as it is seenas telling the public what they need rather than giving them thechoice of a range of services.Nationalisation means that the money needed to run theorganisations usually comes from taxes. This can be unpopular asnot everyone benefits equally from the service and some peoplemay contribute who do not directly use the service at all.7
Check yourselfForms of business1 What is a franchise? (1)2 Which of these are advantages of being a franchise? (2)A There is less risk because products are well known.B The franchiser has unlimited liability.C The franchiser uses national advertising.D The franchisee can make all the decisions.3 Over what things will a franchisee have no control? (2)4 What is meant by turnover? (1)5 Give two examples of a franchise. (2)6 Name three types of co-operative. (3)7 Why are some services in the public sector? (1)8 Which of the following are public sector organisations? (2)A TescoB BBCC The Body ShopD The Army9 What does nationalisation mean? (1)10 What are the reasons for privatisation? (5)2The answers are on page 103. The answers are on page 00.8
Page 2 and 3: GCSEBusiness StudiesCarolyn LawderS
Page 4 and 5: Get the most out of yourInstant Rev
Page 6 and 7: OWNERSHIP AND CONTROL (1)Sole trade
Page 8 and 9: OWNERSHIP AND CONTROL (3)Limited co
Page 10 and 11: FORMS OF BUSINESS (1)Franchises●
Page 14 and 15: ●OBJECTIVES AND GROWTH (1)Stakeho
Page 16 and 17: OBJECTIVES AND GROWTH (3)Growth●
Page 18 and 19: ●●●●RECRUITMENT AND SELECTI
Page 20 and 21: Check yourselfRecruitment and selec
Page 22 and 23: TRAINING (2)ContentInformation abou
Page 24 and 25: Check yourselfTraining1 Why is Heal
Page 26 and 27: ●●●MOTIVATION (2)The third le
Page 28 and 29: Check yourselfMotivation1 What are
Page 30 and 31: ●REWARDING EMPLOYEES (2)Disadvant
Page 32 and 33: Check yourselfRewarding employees1
Page 34 and 35: ●●●SOURCES OF FINANCE (2)A so
Page 36 and 37: SOURCES OF FINANCE (4)Long term●
Page 38 and 39: BUSINESS PLANS (1)What is a busines
Page 40 and 41: Check yourselfBusiness plans1 What
Page 42 and 43: ●●●●●●●●BREAK EVEN
Page 44 and 45: BREAK EVEN (4)●●Break even can
Page 46 and 47: ●●CASH FLOW FORECASTS (1)Cash f
Page 48 and 49: CASH FLOW FORECASTS (3)+60004000Net
Page 50 and 51: ●●●●●BUSINESS FINANCE (1)
Page 52 and 53: ●●BUSINESS FINANCE (3)Net profi
Page 54 and 55: BUSINESS FINANCE (5)Balance sheet
Page 56 and 57: Check yourselfBusiness finance1 Who
Page 58 and 59: MARKET RESEARCH (2)Desk research●
Page 60 and 61: MARKET RESEARCH (4)Sampling●●
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●●MARKETING MIX (1)The marketin
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●●●●●MARKETING MIX (3)Com
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MARKETING MIX (5)Advertising media
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MARKETING MIX (7)Place●●In the
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Check yourselfMarketing mix1 Explai
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●●●PRODUCT LIFE CYCLE (2)Not
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●PRODUCTION METHODS (1)Production
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PRODUCTION METHODS (3)Batch product
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PRODUCTION METHODS (5)Stock control
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PRODUCTION METHODS (7)Use of techno
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●●●●●QUALITY CONTROL (1)Q
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●●●●●QUALITY CONTROL (3)K
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LOCATION (1)Factors affecting the c
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LOCATION (3)Multinational organisat
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EXTERNAL ENVIRONMENT (1)●A busine
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EXTERNAL ENVIRONMENT (3)Equal oppor
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EXTERNAL ENVIRONMENT (5)Political i
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Check yourselfExternal environment1
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EXAMINATION TECHNIQUE (2)Coursework
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EXAMINATION TECHNIQUE (4)Command wo
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EXAMINATION TECHNIQUE (6)Pre-issued
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●●●●●EXAMINATION TECHNIQU
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Non pre-issued case studies●●
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Check yourself answers2 FORMS OF BU
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Check yourself answers4 RECRUITMENT
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Check yourself answers6 MOTIVATION
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Check yourself answers8 SOURCES OF
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Check yourself answers10 BREAK EVEN
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Check yourself answers12 1 ANSWER B
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Check yourself answers14 MARKETING
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Check yourself answers16 PRODUCTION
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Check yourself answers18 LOCATION (
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PerfectBoundAn e-book from HarperCo
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About the PublisherAustraliaHarperC
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