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Q&A STUDY & REVISION NOTES


There are now several hundred study notes in Q&A format here on the business studies blog. They are organised into the following categories:

The latest additions to the Q&A revision notes are listed below.

Q&A: What are synergies in takeovers and mergers?

Sunday, February 12, 2012

Q&A - What is a partnership?

Sunday, May 01, 2011

Q&A - How does the acid-test ratio differ from the current ratio?

Saturday, January 08, 2011

Q&A - How is the current ratio calculated and interpreted?

Q&A - What is the “creditor days” ratio?

Q&A - How can the debtor days ratio be calculated and interpreted?

Q&A - Explain the asset turnover ratio

Q&A - How is stock turnover calculated and interpreted?

Q&A - What is “profit quality”?

Friday, January 07, 2011

Q&A - What factors determine the amount of working capital in a business?

Q&A - What is “working capital”?

Q&A - What is depreciation?

Q&A - Who are the main users of financial accounts?

Q&A - Outline what are meant by financial accounts

Q&A - What are the main ways a public company can raise finance from shareholders?

Monday, January 03, 2011

Q&A - Describe the main kinds of intermediary involved in distribution channels

Q&A - Should a business avoid intermediaries and sell direct?

Q&A - What factors determine the type of distribution channel used by a business?

Q&A - How many stages does a distribution channel have?

Q&A - Outline the role of a distribution channel

Q&A - What is the role of “place” in the marketing mix?

Q&A - What is personal selling and merchandising?

Sunday, January 02, 2011

Q&A - Outline the role of public relations and sponsorship in promotion

Q&A - Describe the main features of advertising as a method of promotion

Q&A - What is the difference between “above” and “below the line” promotion?

Q&A - What are the main aims of promotion?

Q&A - What is promotion?

Q&A - How can a business use contribution pricing?

Q&A - What is competitor-based pricing?

Q&A - Outline the main methods of sales promotion

Q&A - Describe the main ways direct marketing is used in promotion

Q&A - Why might a business use psychological pricing?

Q&A - What is price discrimination and why do businesses use it?

Q&A - What is predatory pricing?

Q&A - Outline what is meant by cost-based pricing

Q&A - Outline how market research can help a business set its prices

Q&A - Distinguish between price and cost

Q&A - Should a business use a “loss leader” as part of its pricing tactics?

Friday, December 31, 2010

Q&A - What is the role of sampling in market research?

Wednesday, December 29, 2010

Q&A - What is qualitative market research?

Q&A - What is quantitative market research?

Q&A - What are the main uses of market research?

Q&A - What are the main ways in which a business can obtain information on a market?

Q&A - What are key parts of product life cycle theory?

Q&A - How can the Boston Matrix help a business manage its product portfolio?

Q&A - Why do most businesses sell more than one product?

Q&A - What factors does a business need to consider when deciding whether to outsource?

Q&A - Explain what is meant by outsourcing

Q&A - What is the difference between outsourcing and offshoring?

Q&A - Evaluate the benefits and drawbacks of international expansion options

Q&A - What are the main issues in operating a multi-site business?

Q&A - Explain what is meant by industrial inertia

Q&A - How important is location in determining business success?

Q&A - Who does what in a company?

Tuesday, December 28, 2010

Q&A - What are SMART objectives?

Q&A - Outline the role of functional objectives

Q&A - What is the cost of absenteeism and does it vary from firm to firm?

Q&A - Outline the ways in which a business can better manage stakeholder conflict

Q&A - Why might the objectives of stakeholders be in conflict?

Q&A - What power do stakeholders have over what a business does?

Q&A - What is absenteeism and what can businesses do about it?

Q&A - Why might high labour turnover be bad news for a business and what can it do about it?

Q&A - Explain what labour turnover is and why it happens

Q&A - Outline some ways in which a business might improve its labour productivity

Q&A - Explain what is meant by labour productivity and how it can be measured?

Q&A - Why do acquisitions often fail to deliver acceptable returns?

Q&A - What is meant by “synergy” in the context of a business acquisition

Q&A - Why are acquisitions so popular as a method of business expansion?

Tuesday, December 21, 2010

Q&A - Explain what is meant by acquisitions or takeovers

Q&A - Should a business use franchising as part of its growth strategy?

Q&A - Explain “organic” or internal growth

Q&A - How can the expansion of a firm be measured?

Q&A - What is the difference between niche and mass marketing?

Friday, January 15, 2010

Q&A - Outline the main business benefits from market segmentation

Q&A - What is market segmentation?

Q&A - Explain the role of marketing objectives

Q&A - Explain how a marketing orientation differs from a production orientation

Thursday, January 14, 2010

Q&A - What is the purpose of marketing?

Q&A - What are the advantages and drawbacks of marketing planning

Q&A - What factors affect the marketing budget?

Q&A - Outline the main stages in the marketing planning process

Q&A - What methods can a business can use to expand into international markets?

Q&A - Explain Ansoff’s Matrix

Q&A - Is there an optimal level of gearing?

Tuesday, January 05, 2010

Q&A - What is gearing?

Q&A - Explain price skimming

Monday, December 21, 2009

Q&A - What is the difference between pricing strategies & tactics?

Q&A - Explain what is meant by price positioning

Q&A - What factors should a business consider when setting its prices?

Saturday, December 19, 2009

Q&A - How does pricing link to the objectives of a business?

Q&A - What is price and why is it so important in the marketing mix?

Q&A - Which is best - quality control or quality assurance?

Q&A - How can benchmarking help with managing quality?

Q&A - What is involved in quality assurance

Q&A - Explain what is involved in quality control

Q&A - Can quality be measured?

Q&A - What are the costs of poor quality?

Q&A - Why is quality so important in business?

Q&A - Define what is meant by quality

Q&A - What is the continuum of leadership?

Friday, October 30, 2009

Q&A - Explain the four main leadership styles

Q&A - What do Leaders Do?

Q&A - What is Leadership?

Q&A - Does globalisation benefit UK businesses and the UK economy?

Tuesday, October 27, 2009

Q&A - What are the main factors driving globalisation?

Q&A - What is globalisation?

Q&A - How are businesses affected by unemployment?

Q&A - What are the main causes of unemployment?

Q&A - What has happened to unemployment in the UK?

Q&A - Explain what unemployment is and how it is measured

Q&A - Outline the main costs and benefits of inflation

Wednesday, July 01, 2009

Q&A - Explain the causes of inflation

Q&A - What is inflation and how is it measured?

Q&A - What role do mission statements play in business?

Q&A - Explain the role of corporate objectives in business strategy

Q&A - What are business objectives?

Q&A - Explain “delayering”

Monday, June 01, 2009

Q&A - Describe the main qualitative methods of sales forecasting

Sunday, May 31, 2009

Q&A - What factors influence the choice of a sales forecasting method?

Q&A - What is a sales forecast?

Q&A - What are the main personal sources of finance an entrepreneur can obtain for a start-up?

Wednesday, May 27, 2009

Q&A - Should a start-up raise investment from outside investors?

Q&A - What are the main things to consider when obtaining finance for a start-up?

Tuesday, May 26, 2009

Q&A - Why are start-ups vulnerable to cash flow problems?

Q&A - How can a business handle a loss?

Q&A - How is profit used by a business?

Q&A - What are the main drawbacks to an entrepreneur of starting a business

Friday, May 22, 2009

Q&A - What is meant by Social Enterprise?

Q&A -  What is share capital

Saturday, May 02, 2009

Q&A - Explain what a bank overdraft is

Q&A - What is training?

Q&A - Where does packaging fit into the marketing mix?

Friday, May 01, 2009

Q&A - What are the main stages of new product development?

Q&A - What is the link between product differentiation and a USP?

Q&A - What are the benefits of business planning to a start-up?

Q&A - What questions should a start-up business plan answer?

Q&A - What is profit-sharing?

Q&A - What is performance-related pay?

Q&A - How do changes in commodity prices affect businesses?

Q&A - What are the main legal areas that a start-up business needs to consider?

Q&A - What is commission and when should it be used in a pay package?

Q&A - What is “piece-rate” pay?

Q&A - Explain “time-rate” pay

Q&A - What factors should a business consider when deciding what to pay employees?

Q&A - Explain job rotation

Q&A - What is the business cycle?

Q&A - What is economic growth?

Q&A - What is the economy?

Q&A - Compare the advantages of trading as a sole trader versus a private limited company

Q&A - What taxes will a start-up pay?

Q&A - What is job enlargement?

Q&A - What are commodities and how are their prices determined?

Q&A - What are retained profits?

Q&A - What is market supply

Q&A - What is market demand?

Q&A - Describe the basics of setting up a business in the UK

Q&A - What are the implications for UK businesses if the pound strengthens?

Q&A - What causes an exchange rate to change?

Q&A - What is an exchange rate?

Q&A - How are businesses affected by changes in interest rates?

Q&A - What are the main methods of financial reward?

Q&A - Explain Taylor’s theories of motivation at work

Q&A - How does a business benefit from having a well-motivated workforce?

Q&A - What is motivation?

Q&A - Why are job descriptions and specifications important?

Q&A - What is the recruitment process?

Q&A - What is an interest rate?

Q&A - What is credit and why do businesses need it?

Q&A - Explain what is meant by a product

Q&A - What makes for a successful or effective marketing mix?

Q&A - What goes into the “marketing mix”?

Q&A - Does a start-up or small business need to recruit staff?

Q&A - What is meant by having a “customer focus”?

Q&A - Why is leasing and hire purchase a source of finance?

Q&A - Why should a small or start-up business employ consultants and advisers?

Q&A - Why do businesses employ temporary workers?

Q&A - Why are trade creditors a source of finance?

Q&A - Explain the main issues with part-time employees

Q&A - What are the main interests of business stakeholders?

Q&A - What are full-time employees?

Q&A - What are stakeholders?

Q&A - What is repeat business and why is it important?

Q&A - Explain incorporation and the protection of limited liability

Q&A - What is a bank loan?

Q&A - What are the main benefits of good customer service?

Q&A - What is unlimited liability?

Q&A - What is a sole trader?

Q&A - What is “off-the-job” training?

Q&A - Explain “on-the-job” training

Q&A - Explain what induction training is

Q&A - What is involved in a training strategy?

Q&A - What is the difference between long-term, medium-term and short-term finance?

Wednesday, April 01, 2009

Q&A - What can a business do to improve cash flow?

Q&A - What are the main causes of a cash flow problem?

Q&A - Why is the cash flow forecast so important?

Q&A - What is a cash flow forecast?

Q&A - What are the main types of cash flow?

Q&A - What is cash flow?

Q&A - What is profit and why is it important?

Sunday, March 01, 2009

Q&A - Why does a start-up often find it hard to estimate costs?


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