Exam Revision Consolidation H Business Management Exam Revision Consolidation

Areas of Note Stock control – understocking, overstocking, how can ICT help in the control of stock Training – types of training, costs and benefits of training Sources of finance – describing sources and justifying the use of these sources

Areas of Note Role of the wholesaler The importance of research and development Stakeholders and their influences Strategic, tactical, operational decisions, descriptions and examples Decision making models the advantages and disadvantages How do managers know that decisions have been effective

Areas of Note Organisations which offer advice to businesses when they are setting up The use of ICT in business What might restrict the use of ICT Legislation which businesses have to be aware of Recruitment and selection of staff How can businesses continue to operate when charging high prices Pricing strategies Why is the marketing function important to businesses Quality