Sole Trader
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A business owned and controlled by one person.
Business Studies Flashcards
The Nextutor Business Studies flashcard library has 8 decks and 120 cards across 8 topics for GCSE and A-Level, including Business Ownership and Objectives, Marketing — The 4Ps and Market Research, Finance — Costs, Revenue and Profit and more.
- 8 decks
- 120 cards
- 8 topics
- Updated April 2026
GCSE Business Studies topics
All GCSE Business Studies flashcards →Business Ownership and Objectives
Marketing — The 4Ps and Market Research
Finance — Costs, Revenue and Profit
Human Resources and Operations
A-Level Business Studies topics
All A-Level Business Studies flashcards →Strategic Management and Decision Making
Financial Statements and Ratio Analysis
Marketing Strategy and Consumer Behaviour
Operations and Supply Chain Management
Sample Business Studies flashcards
Study the full deck →
What is strategic management
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The process of making decisions to achieve long term goals.
What is marketing?
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Marketing is the process of identifying customer needs and wants.
What is a balance sheet?
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A statement showing a company's assets, liabilities, and equity at a specific point in time.
What is fixed cost?
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A cost that remains the same even if output changes.
What is marketing strategy?
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A long term plan to achieve marketing objectives.
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