Pearson BTEC • Business
Latest uploads for Business at Pearson BTEC. Looking for Business notes at Pearson BTEC? We have lots of notes, study guides and revision notes available for Business at Pearson BTEC.
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Modules Business at Pearson BTEC
Notes available for the following courses of Business at Pearson BTEC
Popular books Pearson BTEC • Business
Neil James, Andrew Hammond • ISBN 9781510427556
Andrew Hammond • ISBN 9781471883248
Mark Hage • ISBN 9781471883781
Ian Marcourse, Claire Marcouse • ISBN 9781471847820
Latest notes & summaries Pearson BTEC • Business
Explains sales revenue, how to increase sales revenue, sales volume, sales forecasting, factors affecting sales forecasting, and the different types of costs (fixed, variable and total)
Explains break-even analysis, the break-even formula, limitations of break-even, changes in break-even output and margin of safety.
Describes the three types of budget (income, expenditure and profit), methods of setting a budget, variance analysis, and the advantages and disadvantages of budgets
Describes a Statement of Comprehensive Income, profitability ratios (e.g. gross profit margin), how to improve profitability, and the difference between cashflow and profit
Explains what a statement of financial position (balance sheet) is, assets and liabilities, liquidity ratios (acid test and current ratios), and working capital
Describes the internal and external factors contributing to the failure of a business.
Describes the role of an entrepreneur (setting up a business, innovation, etc.), barriers to entrepreneurs, skills and characteristics of entrepreneurs, risk and rewards, and opportunity cost.
Defines objectives, aims and strategy, and describes some long and short term objectives of businesses.
Describes unlimited and limited liability, types of legal structure (e.g. sole trader, plc, Ltd, partnership), and franchising
Explains how businesses can achieve greater flexibility, redundancy and dismissal, employer/employee relations (e.g. collective or individual bargaining), and the difference between businesses who see their staff as assets and businesses who see their staff as costs.