IB Unit 6: Business Strategy

90 cards   |   Total Attempts: 188
  

Cards In This Set

Front Back
Using mass media to promote brands.
Above- the -Line Promotion
Additional benefits of a company's products or services in comparison to competing products
Added Value
An analytical tool that helps managers to devise their product and market growth strategies, depending on whether they want to market new or existing products in either new or existing markets.
Ansoff Matrix
A business strategy based on the core strengths (or core competencies) of the firm.
Asset Led Marketing
An immediate or delayed incentive to purchase, expressed in cash or in kind, and having only a short term or temporary duration
Below the line promotion
The process of identifying best practice in an industry, in relation to products, processes and operations.
Benchmarking
A tool for analysing the product portfolio of a business.
Boston Matrix
The use of an exclusive name, sumbol or design to identify a specific product or business.
Branding
Finding the level of sales necessary to operate a business on a break-even basis.
Break-even Analysis
A financial plan for expected revenue and expenditure for an organization for a given period of time.
Budgeting
The name given to a report detailing how a business sets out to achieve its aims and objectives.
Business plans
Measures the exsiting level of output of a firm as a proportion of its total potential output.
Capacity utilization
The management of the transfer or movement of money into and out of an organization.
Cash flow management
 a position a firm occupies against its competitors 
Competitive advantage
An assessment of the strengths and weaknesses of current and potential competitors.
Competitor analysis