Exam (elaborations)
Business Studies AQA A-level May 2024 Exam Review
- Course
- Institution
Business Studies AQA A-level May 2024 Exam Review
[Show more]
Seller
Follow
RevisionKing
Reviews received
Content preview
Business Studies AQA A-level May 2024Exam Review
Ansoff's Matrix - Answer>> Shows the strategies that a firm can
use to expand, according to how risky they are
Assets - Answer>> Resources owned by a business
Balance sheet - Answer>> A snapshot of a firm's finances at a
particular time
Barrier to entry - Answer>> An obstacle that makes it harder for
companies to enter a market
Benchmarking - Answer>> a process by which a company
compares its performance with that of high-performing
organizations
Big data - Answer>> Large quantities of data that can be
collected from different sources
Blake Mouton Grid - Answer>> An analytical tool to assess
leadership style based on the level of interest in the people or
task
Boston Matrix - Answer>> Analyses all of the firm's products in
terms of their market share and the growth of the market
Bowman's strategic clock - Answer>> Shows positioning
strategies based on different combinations of price and perceived
added value
,break-even analysis - Answer>> a method of determining what
sales volume must be reached before total revenue equals total
costs
Budget - Answer>> A plan for making and spending money
Capacity utilisation - Answer>> The proportion of total capacity
that is used (expressed as a percentage)
Capital - Answer>> a company's wealth in the form of money or
property
capital expenditures - Answer>> Money used to buy fixed
assets
Carroll's Pyramid of CSR - Answer>> A diagram showing four
elements of CSR as layers in a pyramid
cashflow - Answer>> (n) the movement of money into and out
of a business as goods are bought and sold
Centralization - Answer>> decision authority is located near the
top of the organization
channel of distribution - Answer>> a pathway to direct products
to consumers
competitive advantage - Answer>> providing greater value for
customers than competitors can
confidence interval - Answer>> A range in which you can say,
with a certain level of confidence, that a value lies
, Confidence level - Answer>> The probability that the research
findings are correct
Consumer Price Index - Answer>> an index of the cost of all
goods and services to a typical consumer
contingency plan - Answer>> plan for unexpected problems
contribution - Answer>> the difference between selling price
and variable cost
core competencies - Answer>> A unique feature of a business
that gives it a competitive advantage
Corporate objectives - Answer>> Objectives that relate to the
business as a whole. Usually set by top management.
CSR (corporate social responsibility) - Answer>> A company's
contribution to society
Correlation - Answer>> A measure of the relationship between
two variables
cost-push inflation - Answer>> rising prices as a result of rising
production costs
Creditors - Answer>> Someone who a business owes money to
Critical path - Answer>> The sequence of activities in a project
that is expected to take the longest to complete
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller RevisionKing. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now