Important Topics - BST

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Important topics

Opportunity cost
Usp
Total quality control
Added value (how and why)
Incorporated business
Public cooperation ( govt owned business)
capital employed
Organizational structure
Span of control
Chain of command
Redundancy
Why spending pattern changes

2 marks

Advantages of specialization
Change and importance of sectors
Benefits of an entrepreneur
Benefits of a Business plan
Problems of expansion ( quickly )
Public limited companies
Joint venture
Why business has different objectives
What are business objectives
Influences on business objectives
Organizational chart- advantages & disadvantages
Functions of management
Trade unions
Factors influences communication sectors
Internal and external recruitment
Market segmentation
Presentations of market representation data
Packaging
Extension strategies
Entering foreign markets
Methods of production (don't only give advertising techniques)
MNC’S
Which source of finance
Why is quality important
Diseconomies of scale
New technology introduction
Cash flow
Investment
Lean production
Different between cash and profit
Tax
Increased inflation
Sustainable development
Exchange rate
Why working capital

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