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AQA A LEVEL BUSINESS 3.7 TEST WITH ALL ANSWERS RATED A+.
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AQA A LEVEL BUSINESS 3.7 TEST WITH ALL ANSWERS RATED A+.
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AQA A LEVEL BUSINESS 3.7 TESTWITH ALL ANSWERS RATED A+
What Vare Vmission Vstatements Vand Vwhat Vare Vthe Vinfluences Von Vmissions? V- V Vcorrect
Vanswer-A Vmission Vstatement Vsets Vout Vthe Vpurpose Vof Va Vbusiness Vexisting. VThe
Vmission Vstatement Vrelates Vto Vall Vstakeholders Vand Vtypically Vfocuses Von Vthe
Vfollowing. V
Influences:
-Value Vof Vthe Vfounders V
-Industry Vthe Vbusiness Vis Vin V
-Views Vof Vsociety V
-Size Vof Vbusiness Vand Vownerships V
-Culture Vof Vbusiness
What Vare Vcorporate Vobjectives Vand Vwhat Vare Vthe Vinternal Vand Vexternal Vinfluences
Vaffecting Vcorporate Vobjectives? V- V Vcorrect Vanswer-The Vcorporate Vobjectives Vof Va
Vbusiness Vquantify Vthe Vmission Vof Va Vbusiness Vand Vset Vspecific Vand Vmeasurable
Vtargets Vfor Vthe Vwhole Vpopulation Veg Vinnovation, Vsustainability, Vgrowth, Vshareholder
Vvalue, Vsocial Vresponsibility, Vprofitability, Vmarket Vstanding V
External Vinfluences:
-Economic Vconditions V
-Social Vchanges V
-Tech Vchanges V
Global Vprices
, -Competitors V
Internal Vinfluences:
-Poor Vperformance V
-New Vleadership V
-Business Vownership, Vculture Vand Vgrowth.
What Vis Va Vstrategy Vand Vtactics? V- V Vcorrect Vanswer-Strategy Vis Va Vlong Vterm Vplan Vor
Vapproach Vthat Va Vbusiness Vwill Vtake Vto Vachieve Vits Vobjectives. VStrategies Voften
Vinvolve Va Vmajor Vcommitment Vto Vresources. VClear Vstrategies Vguide Vtactical
Vdecisions. VTactics Vare Vthe Vday Vto Vday Vdecisions Vtake Vby Vmiddle Vmanagers, Vthey
Vare Vfrequent Vand Vinvolve Vfewer Vresources. VAn Vexample Vis Vif Va Vbusiness Vhas Va
Vstrategy Vto Vbe Va Vmarket Vleader Vby Vhaving Vthe Vwidest Vrange Vof Vinnovative Vproducts
Von Vthe Vmarket. VHowever, Va Vtactical Vdecisions Vto Vsupport Vthis Vstrategy Vmight Vbe Vto
Vdivert Van Vextra V£5 Vmillion Vinto Vresearch Vand Vdevelopment.
What Vis Vthe Vobjectives Vhierarchy? V- V Vcorrect Vanswer-
What Vis Va VSWOT Vanalysis Vand Vwhat Vare Vthe Vbenefits Vand Vlimitations? V- V Vcorrect
Vanswer-A Vstrategic Vtool Vthat Va Vbusiness Vcan Vuse Vto Vanalyse Vits Vcurrent Vposition
Vand Vexternal Vfactors Vthat Vmight Vaffect Vit. V
Benefits- Vassists Vstrategic Vthinking Vin Va Vstructural Vway, Vlow Vcost V(simple Vapproach)
Vand Vcan Vbe Vcombined Vwith Vtheir Vdecision-making Vmodels. V
Limitations- Vsubjective V(depends Von Vmanagers Vopinions), Vdoesn't Voffer Vclear
Vsolutions Vand Vclassification Vmay Vdepend Von Vperspective.
Whats Van Vincome Vstatement? V- V Vcorrect Vanswer-An Vincome Vstatement
Vcommunicates Vthe Vrevenue Vgenerated Vby Va Vbusiness Vand Vthen Vits Vprofits Vat
Vvarious Vlevels Vfollowing Vexpenses Vand Vincomes.
Whats Vthe Vbalance Vsheet? V- V Vcorrect Vanswer-A Vfinancial Vdocument Vthat Vrecords Vthe
Vassets Vand Vliabilities Vof Va Vbusiness. VA Vbalance Vsheet Vgives Va Vsnap Vshot Vof Vthe
Vvalue Vand Vfinancial Vstrength Vof Va Vbusiness.
What Vare Vnon Vcurrent Vassets V(fixed Vassets)? V- V Vcorrect Vanswer-Used Vto Voperate
Vbusiness. VTangible Vnon Vcurrent Vassets Vare Vland Vand Vmachinery. VIntangible Vnon
Vcurrent Vassets Vare Vthe Vbrands Vand Vpatents.
What Vare Vcurrent Vassets? V- V Vcorrect Vanswer-Assets Vthat Vthe Vbusiness Vexpects Vto
Vuse Vor Vsell Vwithin Vthe Vyear, Vcan Vbe Vconverted Vinto Vcash Vto Vpay Voff Vliabilities.
What Vare Vcurrent Vliabilities? V- V Vcorrect Vanswer-Payments Vthat Vare Vdue Vwithin V1
Vyear
What Vare Vnon-current Vliabilities? V- V Vcorrect Vanswer-Debts Vthat Va Vbusiness Vdoesn't
Vexpect Vto Vpay Vwithin Va Vyear
What Vare Vnet Vcurrent Vassets? V- V Vcorrect Vanswer-the Vworking Vcapital Va Vbusiness
Vhas
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