Revision notes.

Try this with Business Studies

1. Close your notes and write the main idea in two sentences from memory.
2. Reopen the source and correct the first mistake or omission you find.
3. Add one example and one question to test whether you can apply the idea.

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Topics in the resource inventory

• How the four business functions support a common goal
• Choose a business structure and finance source for the case
• Separate internal influences from external PESTLE forces
• Balance stakeholder interests, opportunity and ethical conduct
• Analyse how an operations process creates value
• Operational decisions, technology and scheduling
• Just-in-time, inventory control and quality systems
• Outsourcing, intellectual property and operations risk
• Match workforce needs to business goals
• Training, motivation and workforce retention
• Performance management, agreements and separation
• Fairness, diversity, safety and workplace obligations
• Income statements, balance sheets and financial objectives
• Calculate, compare and interpret business ratios
• Cash budgets, finance sources and liquidity
• Contribution margin, break-even and sensitivity
• Market research, SWOT and marketing objectives
• Segment a market and position an offer
• Coordinate the marketing mix and measure performance
• Evaluate an opportunity with reliable evidence and a feasibility study