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4.1.2 Lean production
Lean production is the idea of changing a process to remove inefficiencies (making the best use of time and resources). …
Read More4.1.3 Maintaining and improving quality
Quality in business is the theory of creating a standard product that at minimum, meets consumer needs. A high quality …
Read More5.1.1 Internal Growth
Internal growth is when a business expands using its own resources. External growth is when a business expands by using …
Read More5.1.2 External Growth
Internal growth is when a business expands using its own resources. External growth is when a business expands by using …
Read More5.1.3 Efficiencies And Costs Of Business And Enterprise Expansion
Economies of Scale Economies of Scale refer to the cost savings a business can achieve when it increases its scale …
Read More5.1.4 Challenges Of Growth
Business growth is a goal that most entrepreneurs try to achieve. It is the key to expanding operations, generating higher …
Read More6.1.1 Funding Types
Short-term Funding Short-term funding refers to finance that is required for a period of up to 12 months. Short-term finance …
Read More6.2.1 Financial terms and calculations
Sales Revenue Sales Revenue is the total amount of money a company generates from selling its goods or services. $latex …
Read More6.2.3 Break-Even Chart
$latex \text{Break-Even} = \frac{\text{Fixed Costs}}{\text{(Sales price per unit} – \text{Variable costs per unit)}} $ Brackets first. Break-even is when a …
Read More6.2.3 Income Statement
An income statement, also known as a Profit and Loss Account, is a financial statement that shows how a company …
Read More6.2.3 Statement Of Financial Position (Balance Sheet)
The Statement of Financial Position, or Balance Sheet, shows how much money has been invested in an enterprise and what …
Read More6.2.4 Ratio Analysis
Financial ratios offer a way to analyse a company’s performance and financial health. Using past examples from NCFE, Plegg’s Deli, …
Read More6.2.5 Cash Flow Management
Cash flow within a business is comparable to water moving in and out of a bathtub. Picture the bathtub as …
Read More7.1.1.1 Taxation
External Influences on Business and Enterprise include taxes that businesses are required to pay. These taxes have a significant impact …
Read More7.1.1.2 Economics
Gross Domestic Product (GDP) GDP is a measure of the economy in monetary value. It is a snapshot or capture …
Read More7.1.1.3 Legislation
Changes to legislation (laws) can have a positive or negative impact on businesses. Employment Legislation Employment legislation governs the relationship …
Read More7.1.1.4 Social
Changes in Fashions and Trends Businesses need to keep an eye of what is happening in terms of fashion and …
Read More7.1.1.5 Technology
In today’s fast-paced world, technological advancements are a driving force that shapes the business landscape. Technology is frequently updated and …
Read More7.1.1.6 Environmental
Business Impact on Climate Change Businesses play a significant role in shaping climate change through their operations, decisions, and practices. …
Read More7.1.1.7 Competitive Environment
An important external influence that businesses must navigate is the competitive environment. This is the number of companies that operate …
Read More8.1.1 Purposes and Benefits of Planning
Understanding the Significance of Business and Enterprise Planning Planning is an important part of business and enterprise management. It acts …
Read More8.1.2 Sections of a Business Plan
Creating a business plan is a fundamental step in establishing a new business venture. It provides a roadmap for a …
Read MoreMock NEA Help Sheets
We are excited to announce that the ‘Mock Preparation Toolkit: NEA Success Guide’ is now available exclusively for RevisionNinja.com subscribers! …
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