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AQA A-LEVEL BUSINESS BUNDLED EXAMS questions 100% correct answers
A LEVEL EDEXCEL BUSINESS PAPER 1 questions 100% c0rrect answers AQA A level Business - Unit 1 questions and 100% correct answers
[Show more]A LEVEL EDEXCEL BUSINESS PAPER 1 questions 100% c0rrect answers AQA A level Business - Unit 1 questions and 100% correct answers
[Show more]Budget - correct answer An agreed plan, establishing, in numerical and financial terms, the policy to be pursued and the anticipated outcomes of that policy 
 
SMART - correct answer How budgets must be: 
Specific 
Measurable 
Agreed 
Realistic 
Timed 
 
Variance Analysis - correct answer The pro...
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Add to cartBudget - correct answer An agreed plan, establishing, in numerical and financial terms, the policy to be pursued and the anticipated outcomes of that policy 
 
SMART - correct answer How budgets must be: 
Specific 
Measurable 
Agreed 
Realistic 
Timed 
 
Variance Analysis - correct answer The pro...
Marketing - correct answer Meeting the needs and wants of customers 
 
Venture Capital - correct answer finance that is provided to a small/medium sized business which seeks growth, but may be considered high risk. 
 
Monopoly - correct answer In theory a single producer, but in reality a company...
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Add to cartMarketing - correct answer Meeting the needs and wants of customers 
 
Venture Capital - correct answer finance that is provided to a small/medium sized business which seeks growth, but may be considered high risk. 
 
Monopoly - correct answer In theory a single producer, but in reality a company...
What are common business objectives? - correct answer Profit 
Growth 
Survival 
Cash flow 
Social 
Ethical 
 
Objectives should be "SMART". What does this mean? - correct answer They should be: 
Specific 
Measurable 
Agreed 
Realistic 
Time related 
 
What is a mission statement? - correct ans...
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Add to cartWhat are common business objectives? - correct answer Profit 
Growth 
Survival 
Cash flow 
Social 
Ethical 
 
Objectives should be "SMART". What does this mean? - correct answer They should be: 
Specific 
Measurable 
Agreed 
Realistic 
Time related 
 
What is a mission statement? - correct ans...
Economies of Scale - correct answer Factors that cause costs per unit to fall as production increases 
 
Franchise - correct answer A business that sells the rights to use its name and trading methods 
 
Generic Brand - correct answer A brand that is so famous that people use its name instead of ...
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Add to cartEconomies of Scale - correct answer Factors that cause costs per unit to fall as production increases 
 
Franchise - correct answer A business that sells the rights to use its name and trading methods 
 
Generic Brand - correct answer A brand that is so famous that people use its name instead of ...
A physical product such as a house or designer suit - correct answer Good 
 
An intangible item such as insurance or decorating - correct answer Service 
 
A more general term which includes goods and services - correct answer Product 
 
Measures the total value of the production of an economy ov...
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Add to cartA physical product such as a house or designer suit - correct answer Good 
 
An intangible item such as insurance or decorating - correct answer Service 
 
A more general term which includes goods and services - correct answer Product 
 
Measures the total value of the production of an economy ov...
Ansoff's Matrix - correct answer Shows the strategies that a firm can use to expand, according to how risky they are 
 
Assets - correct answer Resources owned by a business 
 
Balance sheet - correct answer A snapshot of a firm's finances at a particular time 
 
Barrier to entry - correct ans...
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Add to cartAnsoff's Matrix - correct answer Shows the strategies that a firm can use to expand, according to how risky they are 
 
Assets - correct answer Resources owned by a business 
 
Balance sheet - correct answer A snapshot of a firm's finances at a particular time 
 
Barrier to entry - correct ans...
Key issues with different forms of business - correct answer Unlimited/ limited liability, Ordinary share capital, Market capitalisation and Dividends. 
 
Budgets - correct answer Agreed ceiling on the monthly spending by any department or manger. 
 
Corporate Objectives - correct answer Targets ...
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Add to cartKey issues with different forms of business - correct answer Unlimited/ limited liability, Ordinary share capital, Market capitalisation and Dividends. 
 
Budgets - correct answer Agreed ceiling on the monthly spending by any department or manger. 
 
Corporate Objectives - correct answer Targets ...
mass market - correct answer a market that targets a large segment - products are standardised 
 
niche market - correct answer a market that targets a small segment - customers have specific needs that aren't catered by the mass market 
 
brand name - correct answer a name, sign, symbol or othe...
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Add to cartmass market - correct answer a market that targets a large segment - products are standardised 
 
niche market - correct answer a market that targets a small segment - customers have specific needs that aren't catered by the mass market 
 
brand name - correct answer a name, sign, symbol or othe...
What is a business objective? Why is one needed? - correct answer - It is a goal for the entire organisation 
 - They guide the actions of those withing the business 
 
What are the main objectives a business might have? (There are 8) - correct answer - Growth 
 - Reduction of risks / diversificat...
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Add to cartWhat is a business objective? Why is one needed? - correct answer - It is a goal for the entire organisation 
 - They guide the actions of those withing the business 
 
What are the main objectives a business might have? (There are 8) - correct answer - Growth 
 - Reduction of risks / diversificat...
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