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5326170
Business Mindmap
Description
GCSE Business studies Mind Map on Business Mindmap, created by Jake Stevens on 04/05/2016.
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business studies
gcse
Mind Map by
Jake Stevens
, updated more than 1 year ago
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Created by
Jake Stevens
over 8 years ago
24
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Resource summary
Business Mindmap
A partnership involves 2 -20 people.
to start one you must get a 'deed of partnership'
In a partnership you have an unlimited liabillity.
A sole trader business involves one person.
you will need a reasonable amount of money to start one
Production methods
Mass production - something produced on a mass scale e.g petrol
Batch production - producing a lot of small things e.g biscuits
Job production - work to match the requirements of the customer e.g wedding cake
flow production - when something is finished being made something else starts straight away e.g newspapers
Technology aided production
types of technology
communications
Call centre (outsourced)
Computer databases - used for online booking e.g airliners.
automated stock control
Keeping inventory using computers instead of writing it down e.g this is used in retail store for seeing how many clothes they have in stock
robotics
Automated Guided Vehicles
Design technology
CAD - Computer Aided Design
CAM - Computer Aided Manufacturing
Customer Expectations
benefits of having a quality products
Customer are happy with it
Customers come back
Good reputation
good word of mouth
recruitment
Step 1: Job analysis
Step 2: understand what you want
Step 3: Create a job prescription
Step 4: Selection process and criteria
Step 5: identify sources and launch search
Step 6: shortlist candidates
Step 7:make your selection
Step 8: Offer
Step 9: Training
step 10: review
Business objectives
Business objectives (order of importance) 1. Survival 2. Growth 3.sustainable 4.Profit 5. market share 6. satisfaction 7. Ethical
SMART Specific Measurable Attainable Relevent Time
Stakeholder
Local community
Staff
Owner
Suppliers
Competition
Bank manager
Customer
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