Business LCHL 2024: Key Concepts and Questions Revealed
Dive into the world of business with insights into enterprise, relationships, EU decision-making, and more. Explore topics like intrapreneurship, management skills, and the changing nature of international trade for a comprehensive understanding of key concepts in business. Get ready to tackle short and long answer questions, analyze graphs, and contrast concepts to enhance your knowledge. Ideal for students and professionals alike.
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Presentation Transcript
Business LCHL 2024 What we know already!
Short answer questions 20% Labelling graphs. True/ false Acronyms Diagrams Circle the correct options Contrast two concepts Definitions
(A) Enterprise/intrapreneurship ABQ 20% (B) Relationships/Contracts/Legisla tive and Non Legislative methods (C) Management skills/activities
Long questions Question1 and probably Qn 4 First 3 chapters Relationships and Interest groups Law of Contract (Ending is due up) SOGSOS Act/ Consumer protection and CCPC Small claims and Ombudsman for Public sector. 3 labour laws especially Unfair dismissals Types of Industrial action and impact on stakeholders
Question 2 always from Unit 6 Community development Social responsibility to stakeholders Impact of Economic Variables on a business Franchises Categories of Industry and trends
Eu decision making process and EU Institutions Impact of EU policies on Irish business Balance of Trade/Payments/Protectionism Changing nature of International trade and impact Global marketing mix/Standardisation/adaption Question 3 always Unit 7
Question 4 More than likely Unit 1 however you need to be pretty accurate to gain the 15-30% available. Look at all 3 parts before you decide. Legislation leaves no room for manoeuvre. Procedure for carrying out a dismissal asked 2012 not since.
Enterprise/Intrapreneurship Leadership Communication/technology/data protection Motivation Planning /benefits/types SWOT as a separate question. Organising/delegation/chain of command/span of control/line/matrix/diagrams. Controlling Question 5 taken from units 2 and 3(ABQ)
Ratios Formula/figures/answer/Comment + Theory Sources of Finance/Choosing an SOF/Cash flow forecasts Question 6 usually Unit 4 Analysing a business Bank loan. Average Clause and Underinsurance. Business Insurance types. Business Tax types and possibly definitions. Reward/Teamwork/Performance Appraisal Strategies used when implementing Change
Probably Unit 5 for 2 questions Marketing Mix/Product mix/Promotional Mix Types and purpose of Market research Question 7 and 8 Stages of NPD Market Segmentation/Benefits/Types of Segments Debt V equity as finance for Expansion Methods of Expansion Challenges of setting up a new Business
