Chapter 17

Description

GCSE Business studies (Flashcards) Mind Map on Chapter 17, created by Ryan Buckley on 26/01/2017.
Ryan Buckley
Mind Map by Ryan Buckley, updated more than 1 year ago
Ryan Buckley
Created by Ryan Buckley almost 8 years ago
9
0

Resource summary

Chapter 17
  1. Using the internet for research
    1. Advantages
      1. Quicker way for a business to get information
        1. If the information is avalible electronically it is easier for the business to edit it and to place it in its own documents.
          1. It is easier to obtain information about competitors.
          2. Disadvantages
            1. It can be expensive.
              1. The research may not be up to date.
                1. The business should only use research that has been conducted in a similar locality
              2. Having a website
                1. Advantages
                  1. Having a website or being featured on a website, can give a business a global presense
                    1. Having a website means that they can realistically serve a wide area.
                    2. Disadvantages
                      1. Cost can be high
                        1. To run the stock control systems and booking systems. These take a lot of time to develop.
                          1. Secure systems are needed to allow customers to pay for goods and services, so that other people cannot access their information.
                            1. Not all customers wish to use a website and if that becomes the norm for that business the on- technically minded customers may go elsewhere.
                          2. Using the internet for communication via email.
                            1. Advantages
                              1. Emails arrive quick after they are sent.
                                1. Businesses can communicate easily with their customers regardless of where they live.
                              Show full summary Hide full summary

                              Similar

                              Business Studies Unit 1
                              emily.mckechnie
                              Business Studies Unit 2
                              tara.springate
                              1.3.1 Characteristics of Successful Entrepreneurs
                              Molly Hills
                              Unit 1: Business Studies GCSE
                              Libby Rose
                              Unit 3 Business Studies
                              Lauren Thrower
                              BUSS1
                              Sophie Davis
                              The skills needed to be a successful entrepreneur
                              rhiannafordx
                              The skills needed to be a successful entrepreneur
                              Rosie Wallis
                              AS - Buss1 - Formula Cards
                              Sophie Davis
                              How to Turn Business Failure into Business Success
                              Micheal Heffernan
                              Chapter 40: Promotion
                              19leesia