Business Studies Review

Business Studies Review Bingo Card
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This bingo card has a free space and 24 words: What is meant by factors of production?, What is opportunity cost?, What is meant by specialization?, What is meant by primary sector?, Explain 2 differences between the private and public sector, Identify 2 ways of measuring the size of a business, Identify 4 common reasons why new business fail, Identify three advantages of setting up a business through a franchise agreement, What is meant by a social enterprise?, What is meant by the term Kaizen, Explain the difference between Herzbergs's motivators and hygiene factors, What is Taylor's scientific management theory ?, Identify the 5 quantitative factors in a choosing a location for the business, What is meant by chain of command?, What are the functions of a trade union?, The advantages and disadvantages of on the job training, Identify and explain the four methods of communication, What is meant by marketing segmentation, What is niche marketing?, The benefits and limitations of primary research, Identify the four Ps of the marketing mix, What is meant by Cost-plus pricing, Identify the 4 channels of distribution and What are the main methods of production.

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