Business flashcards
80 QCE Business cards across 4 modules (33 definitions, 36 key facts, 7 fill-the-gap, 4 formulas). Each session gives you 20 cards, due cards first. Swipe right for easy, left for hard, down for again. Keyboard: Space to flip, 1 to 4 to rate.
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What this deck covers
Unit 1: Business creation (23 cards, 5 dot points)
- Business environments and PESTEL analysis (QCE Business Unit 1) (4)
- Business planning and feasibility analysis (QCE Business Unit 1) (5)
- Business structures: sole trader, partnership, company, trust (QCE Business Unit 1) (4)
- Ethical and socially responsible business practice (QCE Business Unit 1) (5)
- Sources of finance for a new business (QCE Business Unit 1) (5)
Unit 2: Business growth (24 cards, 5 dot points)
- Cash flow and working capital management for a growing business (QCE Business Unit 2) (6)
- Human resource management: recruitment and retention for a growing business (QCE Business Unit 2) (4)
- Marketing mix strategies for a growing business (QCE Business Unit 2) (4)
- Operations processes and productivity for a growing business (QCE Business Unit 2) (6)
- Target market segmentation and positioning (QCE Business Unit 2) (4)
Unit 3: Business diversification (17 cards, 4 dot points)
Unit 4: Business evolution (16 cards, 4 dot points)
Sample cards from this deck
Definition
Business environments and PESTEL analysis (QCE Business Unit 1)
Define Election cycles
Federal elections occur every three years; major-party platforms differ on industry support, tax policy, and labour-market regulation.
Definition
Cash flow and working capital management for a growing business (QCE Business Unit 2)
Define Profit
Profit is recorded on the accruals basis - revenue is counted when it is earned and expenses when they are incurred, regardless of when money changes hands. Cash is the actual money in the bank, counted when it is received or paid. A business can be profitable on paper yet have no cash, because credit sales are recorded as profit before the cash arrives.
Definition
Financial ratio analysis for diversification decisions (QCE Business Unit 3)
Define Diversification target screening
If acquiring an overseas business, the target's ratios reveal its financial position. Strong target ratios mean a smoother acquisition; weak ratios mean an integration challenge.
Definition
Globalisation and the evolving business (QCE Business Unit 4)
Define Benefit
Lower cost and access to specialised capability the business could not match domestically.
Definition
Business planning and feasibility analysis (QCE Business Unit 1)
Define External persuasion
Banks, investors and grant bodies read the plan before committing finance. A credible plan is often a precondition for funding.
Definition
Human resource management: recruitment and retention for a growing business (QCE Business Unit 2)
Define Cultural dilution
Each new hire is a higher proportion of the workforce in a small business; cultural drift happens quickly.
Definition
Growth and diversification strategies (QCE Business Unit 3)
Define Market development
Market development (existing product, new market) - take the proven product to a new region, country or segment. Medium risk.
Definition
Leadership and stakeholder management during change (QCE Business Unit 4)
Define Idealised influence (charisma)
The leader is a role model whose behaviour followers want to emulate.
Definition
Business structures: sole trader, partnership, company, trust (QCE Business Unit 1)
Define Cons
Unlimited personal liability. Limited capacity to raise capital. Business ends if the owner stops trading. Reliance on the owner's personal credit for borrowing.
Definition
Marketing mix strategies for a growing business (QCE Business Unit 2)
Define Physical evidence
The tangible cues that signal service quality.