Flashcards and recall.

Try this with Business Studies

1. Write one prompt per card. Use definitions, explanations or examples from your current topic.
2. Answer aloud before turning the card. Split a card if it asks for several unrelated facts.
3. Set aside missed cards and revisit them in a later session.

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Recall topics

• Define operations management
• What are the key inputs in the transformation process?
• Define lean production
• What is just-in-time (JIT) production?
• Define total quality management (TQM)
• What is supply chain management?
• Define globalisation in business context
• List three impacts of globalisation on operations
• Define the marketing process
• What is situational analysis in marketing?
• Define segmentation in the STP framework
• What is targeting in marketing strategy?
• Define positioning in the STP framework
• List the 4Ps of the marketing mix
• What marketing mix decisions does Product involve?
• What are Price strategy considerations?
• Define Place in the marketing mix
• What does Promotion in the marketing mix include?
• Define the product life cycle
• Describe the Introduction stage of product life cycle
• Describe the Growth stage of product life cycle
• Describe the Maturity stage of product life cycle
• Describe the Decline stage of product life cycle
• What is continuous improvement (kaizen)?
• Define quality assurance (QA)
• What is benchmarking in operations?
• Define consumer law in marketing context
• What does the Australian Consumer Law protect?
• Define outsourcing in operations
• What is value chain analysis?
• Define 'Financial Management'
• What is a Cash Flow Statement?
• State the Cash Flow Forecast formula
• Define 'Working Capital'
• What is a Budget?
• Define the Income Statement (Profit and Loss Statement)
• What is a Balance Sheet?
• State the Current Ratio formula and its purpose
• State the Quick Ratio formula
• Define 'Liquidity'