100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
AQA GCSE Business Unit 1 Questions with complete solution 2024 CA$19.37   Add to cart
Quickly navigate to
Preview
  2.  
  3. AQA GCSE
  4.  
  5. AQA GCSE

Exam (elaborations)

AQA GCSE Business Unit 1 Questions with complete solution 2024
 7 views  0 purchase
  • Course
  • AQA GCSE
  • Institution
  • AQA GCSE

AQA GCSE Business Unit 1 Questions with complete solution 2024 Business - correct answer An activity that requires the organisation of resources to achieve a reward whilst running a risk Entrepreneur - correct answer An individual with an idea for a business Reasons for starting a busines...

[Show more]

Preview 3 out of 22  pages

Document information

  • August 27, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • aqa gcse business unit 1
  • aqa gcse business unit 1 questions with complete s

Written for

  • AQA GCSE
  • AQA GCSE

Seller

avatar-seller
Academia199

Reviews received

Content preview

AQA GCSE Business Unit 1
Business - correct answer ✔An activity that requires the organisation of
resources to achieve a reward whilst running a risk


Entrepreneur - correct answer ✔An individual with an idea for a business


Reasons for starting a business - correct answer ✔Pursue hobby or interest
Escape uninteresting job
Be their own boss
Fill a gap in the market


Social enterprise - correct answer ✔An activity that achieves a reward for
society


Gap in the market - correct answer ✔A business opportunity that is either a
completely new idea or adds something different to an existing product or
service


Franchise - correct answer ✔The legal right to use the name and logo of an
existing firm and sell the same products


Benefits of a franchise - correct answer ✔Able to sell an already recognised
product
Take advantage of experience of franchisor
Benefit from central services such as marketing and training

,Drawbacks of a franchise - correct answer ✔Some revenue is paid to
franchisor
Lacks complete ownership
Could lose franchise


Business aim - correct answer ✔A stated target for the future


Business objective - correct answer ✔A clearly defined target for a business
to achieve over a certain period of time


Growth - correct answer ✔An increase in turnover, market share or profit


Profit - correct answer ✔What is left after costs have been deducted from
revenue


Profit margin - correct answer ✔Profit made as a proportion of sales revenue


Sales - correct answer ✔The amount sold or the value sold


Market share - correct answer ✔The proportion of total market sales sold by
one business


Customer satisfaction - correct answer ✔How happy the customer is with the
product or service


Ethics - correct answer ✔The moral questions on which decisions are made
and the impact of the business on its internal and external environment

, Turnover - correct answer ✔The value of sales made during a trading period


Stakeholder - correct answer ✔An individual or group with an interest in a
business


Examples of stakeholders - correct answer ✔Employees
Shareholders
Customers
Managers
Suppliers


Business plan - correct answer ✔A statement showing how a business sets
out to achieve its aims and objectives


Funding - correct answer ✔The capital provided for the various stages of
business growth by different sources of finance


Forecast - correct answer ✔A technique where the business attempts to
estimate future sales or other financial variables


Things included in a business plan - correct answer ✔Missions/aims
Objectives
Market environment
Competition
Product/service
Marketing
Distribution

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$19.37. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$19.37
  • (0)
  Add to cart