Flashcards and recall.

Try this with Business

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.

View Business resources on ATARMAXXING ↗

Recall topics

• What are the four stages of the business life cycle?
• Characteristics of a business in the maturity stage
• Define an employer-of-choice in the Australian business context
• Key features of an employer-of-choice
• Maslow's Hierarchy of Needs—what are the five levels?
• How does Herzberg's Two-Factor Theory explain workplace motivation?
• Taylor's Scientific Management approach to motivation
• Describe the five management styles on the continuum from autocratic to democratic
• When is an autocratic management style most appropriate?
• When should a democratic management style be triggered?
• Define exporting as a mode of global market entry
• What is a joint venture in international expansion?
• Define Foreign Direct Investment (FDI) as market entry
• Licensing and franchising in global expansion—key difference
• What is a strategic alliance in global business?
• Define acquisition/merger as market entry strategy
• What is contract manufacturing in global expansion?
• Define greenfield investment
• Ansoff's Market Penetration strategy—definition and example
• Ansoff's Product Development strategy—definition and example
• Ansoff's Market Development strategy—definition and example
• Ansoff's Diversification strategy—definition and example
• PEST analysis—what does each component analyse?
• SWOT analysis—what are the four elements?
• STEEPLE analysis—what additional factors beyond PEST does it include?
• Private equity funding for diversification—how does it work?
• Initial Public Offering (IPO) as diversification funding mechanism
• Capital markets funding for business diversification
• Government grants as a funding mechanism for diversification
• Define the four business criteria for competitive strategy
• Define the 'steady state' phase in the product lifecycle.
• What is meant by 'decline' in the post-maturity phase?
• Explain the concept of 'renewal' as a repositioning strategy.
• Distinguish between rebranding and repositioning.
• Define voluntary administration as an exit option.
• What is involuntary administration?
• Explain liquidation as a business exit strategy.
• Define sale as a business exit option.
• How does Corporate Social Responsibility (CSR) influence repositioning decisions?
• Explain how ethical standards guide repositioning strategy.