Exam (elaborations)
Business Studies AQA A-level May 2024 Exam Review
- Module
- AQA A level business studies
- Institution
- AQA A Level Business Studies
Business Studies AQA A-level May 2024 Exam Review
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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
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