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BUSS1 Revision Checklist

BUSS1 Revision Checklist

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Published by WHGS LRC
Business Studies, revision, checklist, U1
Business Studies, revision, checklist, U1

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Published by: WHGS LRC on Mar 24, 2010
Copyright:Attribution Non-commercial


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BUSS1 Revision Checklist
Work through this key topic checklist during your revision to make sureyou have covered all the BUSS1 specification before the exam:
TopicNotes /CoveredHappy /Done
What is enterprise / what is an entrepreneur?Motives for starting a businessRisks, rewards and opportunity costGovernment support for new businessesSources of business ideasProtecting a business idea (patents, trademark,copyright)Franchises – how they work; benefits & drawbacksAdding value in the production processBusiness plans – purpose, typical contents & limitationsSources of help preparing a business plan (e.g. advisers,bank)How market research can help produce a good businessplanPrimary & secondary research – cost-effective methodsfor start-upsQualitative v quantitative research - examplesSampling in market research - methods & limitations Types of market (local, national, geographic etc)Market analysis – size, segments, growth, market sharesMarket segmentation – demographic & geographicFactors affecting demand for a start-up’s productChoosing the legal structure for a start-upSocial enterprise – reasons / objectivesLimited liability www.tutor2u.net 

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